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Jatw's last post was the best on this board for some time, imo. Credible explanation for the relatively low SP and the challenges M&G face. Signs of growth seem pretty hard to detect lately, but look key to understanding long term prospects. Thanks for the heads up Jatw, and candid for pertinent questions.
Yes Blah..I agree Jatw's contributions to this board are in my view excellent . He has taught me lots about the industry in a very short time and has enabled the level of debate between us all to a much higher level
Let's keep it this way
Regards all
Thanks for your support BBD and Candid
I wished to add that not all is doom and gloom at MNG.
ESG credentials are being put to the fore.
Investment performance seems to be improving. Institutional cash flow is positive as these should be more critical investors this is encouraging and a lead indicator that retail business will return in time.
Prufund has been remarkably successful and is maturing at over 50bn AUM. As it matures it will throw off more cash to the shareholder as all shareholder cash flows are back ended.
Annuities need capital and as the book runs down at 2-3% pa it releases capital which becomes available to the shareholder….the bump caused by covid will accelerate this in the short term.
The run off of heritage savings business creates WP terminal bonuses and more shareholder cash. THis cash gives management options to pay down debt, invest in the business or pay dividends if they can’t invest it more profitably.
The acquisitions of ascentric and sandringham are in the wealth business which carries a higher valuation multiple than asset management or life and pensions. Making a success of this business will be a key element of MNG in 10 yrs time. I predict more acquisitions in this space.
Prufund in Europe (and why stop there) will eventually happen. It must be nearly ready to go.
I think the current 200p level is a good entry point, particularly within a tax efficient wrapper. The dividend should protect or compensate for potential downside….if the acquisitions go well and the growth in AUM returns then there is the prospect of a rise in the share price too.
Overall MNG has a place in my portfolio…..providing a good yield on a high single figure % of my investments.
always appreciative of jatw’s posts, & more broadly the interesting
chat on this board … educational, and generally polite. a pleasant
contrast to the chatter on some of the junkier AIM-ish shares.
Just taken first position here , hopefully the dividend is progressive GLA
Thronegames, you may not be aware of it but IMB don't pay 4 equal dividends over the 4 quarters. I used to be a holder. They always have two small dividends and two larger dividends per year. Watch what happens after they pay the next two large ones, the two after will be nearly half as much. You need to just look at their dividend as an annual dividend and work out the dividend increase from there. Don't ask me why they do this but they just do.
Falky- I see you have same name on LLoyds-but it WAS different on there ?
Youare still spouting your Dream sp over stocks, so you must be under water here IF invested,
or, are you merely scaremongering to dump your Lloyds POT into this because the Divi has a Greater Yield.
IMHO, DYOR
IMHO, DYOR
IMHO, DYOR
IMHO, DYOR
Find a hobby Falky-stop spouting CARP.
GLA Invested here
I see people keep dragging the Headline backwards as they need to GAIN a much lower entry level,
wasting your time old timer !
GLA invested here
I want the share price to rise myself, so i can break even, hope it starts making some gains
Hi falky, so what homework have you done, to make you think this will go to 175 ??
Hi falky 50/50 if the dividend Is kept at the current level. what makes you think this?
With 5.2 billion surplus. on 5.14b valuation.
Since half-year results most markets are up.
Average from the group of analysts on MNG page think dividends will go up every year by a small amount
Analysts say they could easily have over billion spare cash next year.
They have increased their self-generating target from 2.2 billion to 2.6 billion.
The dividend was maintained during covid.
whats your reasoning?
karv1
Falky- has NO REASONING, has no Rationale, nor Logic.
I knew he was a de-ramper, as he spouted same rubbish on LLOYDS board. IMHO, DYOR
His many years losing at Stock purchases, has made him bitter.
He cannot support any of his wild predictions, but keeps trying to maintain the Wild Headline,
hoping for support from similar chancers.
As he confirms, not invested in this stock, doubt his Pension will allow a £10 flutter, now and then.
Good luck Falky, I really mean good riddance,
GLA true investors here.
Well done guys, let's hope it will hit the 250 not 175
Gla
No offense meant from me falky, but we have money invested here, and coming on to a board, your not invested in scaremongering is never going to go down well
Best of luck to you
Falky
10,000 messages full of CARP
Again I will remind all, he is NOT invested in this stock, but here to quietly de-ramp.
Sad, sad person.
IMHO-DYOR
IMHO-DYOR
IMHO-DYOR
IMHO-DYOR
Laughable !
GLA true investors here.
Falky
well done for maintaining a Positive Headline....hoho
Falky
well done for maintaining a positive headline. ho ho
FALKY anyone can pull a number out of the sky and every day flip that coin then claim to be right next week month year 2 years to many variables I could make the same claim with say 210 instead of 175.
IT went way lower with no vaccine and the shock effect of a new virus and dividend was maintained, it not impossible that it could drop to 175 but at the same time it is not impossible to see 210 or even back to 240.
You still have not given your reason on why you think the dividend is a 50/50 chance of being cut when it was not last time .
You are trying to scare people into thinking they will lose money maybe keep flipping that coin you could be right, but in time the share price will come back as it did last time, but if you are wrong people will be sitting on real money losses positions selling now.
Falky wouldn't be the only one pulling something out of the sky if he did.
Boris will soon announce the arrival of the South African 'varient' which will be used to justify mandatory forced vaxxing of everyone with concentration camps for resisters as is happening in Australia, and will follow mandatory vaxxing in Austria and Germany, where they have form on that already.
Could be big investors have got wind of that and found their feet getting cold.
It does concern me, that Inexperienced investers can make the wrong decisions, down to people scaremongering and giving false information
It's not this share that's got the problem, it's global, just buckle up for now, we've been here before
Hey robleo, are you still holding? I got out @202.5p with a very tiny profit plus full year dividend. Kicking myself for being greedy not selling when it was over 240+. I'll buy some back if this drops to 175p. So, talk to you again soon my friend. Goodnight and sweet dreams!...
Hello sidi, yes still holding, I have an average of 229.04p, unfortunately, its taken a turn for the worse since then, so will see where we are on approach to ex div, not too concerned about this one, think its got potential to get back up there, but there are no guarantees on anything, bit of a crazy unpredictable world at the moment
how are things doing with you, think you did the right thing dumping vodafone
probably best we don't mention todays shocker hey
Yes, discovery of the new COVID variant is causing another panic. The financial world has gone absolutely crazy today. The DOW closed 1400 points down tonight. I am afraid that Monday probably will be another blood bath.
Yup, I have been busy doing crazy things too lately. Sold all of my IMB the day before it went ex-divi: trading account shares @1621.5p and my ISA shares @1630.4p. Today I bought back the shares for my trading account @1547.35p and only bought back half of my ISA shares @1545.7p.
I have also sold my POLY shares the same day @1407.6p and bought them back yesterday @1357.37p.
Then I saw AVIVA has dropped more than 20p this afternoon. Just couldn't resist and bought some @272.6p but it kept falling to close @270.8p....darn it...
Now, I am really getting a bit nervous. Don't know how Monday will go. Hoping that things will calm down a bit by then hey?
Goodnight again and have a nice weekend my friend.
Oh, sorry guys and gals for the off topic....
The DOW closed 1400 points down tonight. Where on earth did you get that from?? It Only closed down 900 points