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I think the reason this share is like the ginger child at the moment is its exposure to Thames Water. It may well be about to take a spank, so hopefully that is now written into the price.
Accumulating slowly, and hopefully this is overdone.
I think the reason this share is like the ginger child at the moment is its exposure to Thames Water. It may well be about to take a spank, so hopefully that is now written into the price.
Accumulating slowly, and hopefully this is overdone.
"this dog of a share" pays 10% at the current price.
Of course some capital gains would be good, but new entities like M&G often struggle to find fair value for a while. I hugely added to my holding in Jackson Financial - another Pru spin-off - when it was languishing under $30 only last June, and on Wednesday it hit $70 for the first time.
I will continue to add if M&G stays at or under the current price - currently I have 7 times more shares than when I got them out of my Pru (now there is a dog) holding. I don't suppose it will double, like Jackson, but I do see significant gains in the short-medium term (next year or three). In the meantime, 10% divis ain't hay. Woof woof.
It's not the only one labouring . . . and I am considering taking up some stock. Will make up my mind next week.
Ftse at all time high mng struggling i find it hard to understand why this dog of a share cannot post a decent rise once in a while down 17 per cent after going ex dividend
Didi The problem with MNG is that it doesn't attract the investment to hold on to any gains it makes. What it makes when the market opens is gone by close. Just hope for better days.
The market was up today, but once again, another poor show from MNG after the initial rise earlier of the day. It's getting closer to the 180's now.☹️☹️☹️
That's correct, AllAtSea and 13.2 p
Waiting for the divi payment - 9 May, I believe.
Yes, robleo, what I forgot to add is that the world peace is now gravely under threat. Wars are all over the place. We just don't know how much worse can it get and how bad it will affect the world's financial markets. I am afraid that we are now living in a very dangerous time. Hope that I won't see the WWIII before I kick the bucket. Good luck mate and everyone. Good night.
Added, small.
Sidi, that's an interesting theory, I sold off a third of my lgen shares yesterday and some more Lloyd shares at 52.5 today, will not be rushing to rebuy anything unless @ a bargain price, it's getting more and more difficult to predict what will happen next in this crazy world
have a good evening
Gosh, MNG is so weak. It has even missed the market rally of late. The market is now at all time high and MNG has fallen to below £2! That's the reason why I haven't set a buying order here. Apart from the market probably will turn after a strong run. Also, it's time for "sell in May and go away" as well. It does seem that nothing looks good for MNG at this moment. Probably I can buy my shares back at the low 180's or even high 170's. Sorry for I seem a bit exaggerating, but you just can't rule out the possibilities though.
Calokey, dividend payment on the 9th May, I will be happy for it to stay down until i have reinvested, hopefully we will see this rise a lot higher before the next exdiv
There don't seem to be anything to stop this SP falling. It's going to take something special to get this one back on track.
Have added few more @ 203.60p......IMHO-DYOR
Definitely good time to start buying back and/or topping up
Showing for late yesterday and decent quantities. Expect an uptick this morning.
Did my top up at 196 something the other day, and if it stays down a bit longer will reinvest dividends, will be just as happy if this goes back up to 2.40 or more though all going well so far
Topped up with another 1453 @ £1.98.505 just now. More or less at my long term average.
The holders of both shares would lose a premium paying dividend wouldn't be happy
Just a thought. Would it be a good move for MNG and PHNX to merge??
Things seem to be finally picking up today. Big volume I see
Hi rob, Thank you. I sticking to my plan, only add when the sp is lower
Than my average, current average is £2.064......ATB
Is MNG bucking the trend, it seems to be showing some gusto