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Markets have recovered mng has not snakeyes you are missing the point the market has already recovered and posted all time highs mng has not benefited from this down 12 per cent year to date compare this with aviva up 7 per cent year to date Lloyds up nine per cent year to date Barclays up about twenty per cent year to date i think their is a company specific problem holding this back you cannot just rely on a interest rate cut just to reverse the fortunes of the share price mng may not even benefit from that as it sure has not benefited from the ftse100 being at all time highs
I agree with Snakeyes.
Personally I see this as a buying opportunity before rates are cut. That could well start at the ECB meeting on 6 June - or 18 July meeting. UK looks next in August with USA in September. There might be a dip with the UK and USA elections but after that with further rate cuts likely this should go much higher - with the caveat of the Middle East situation etc but in that case we will get circa 10% dividend if buying now. I'm in. GLA
I see absolutely no chance of anywhere near £1.80, the only way we will see that is if there is a further world event, as in an escalation or widening of the conflicts, however if you believe that to be likely, my advice would be you better sell everything you have as the markets will drop massively across the board (not just M&G) and money (on paper) will be lost across the board, so any gain made from waiting to buy more would be swallowed up by what you had already lost.
For my part I hope, and believe, we will see a de-escalation in tensions, a levelling out of inflation and a drop in interest rates in the coming months - should this prediction be correct, we will see a start to recovery for M&G and the markets in general.
It's easy to predict this, and the markets, will rise and I can be confident in saying that, it's harder to say exactly when, but it will happen.
It all comes down to what you believe will happen in the coming months and also how long you are willing to wait, for me there is no rush and if I get it slightly wrong, then I will just sit, wait and hold a little longer (and collect my dividend), it'll all come good in the end.
Best of luck all
You are not missing anything, the company is as solid as there is out there, this is a sound investment with a massive dividend to boot. £2.50 by summer and who knows where beyond that when the markets really recover. Bear in mind the short lifespan of the company as a trading entity and what it has had work through since inception - a pandemic, the financial fall out of the pandemic, spiking interest rates, war in Ukraine and war in the middle east.
Seen_it believes the market is "at it's highest", not sure what the basis for this is, as I say it is no where near. There has not even been time for a proper recovery since the pandemic and we are still seeing the after affects, add to that the ongoing war in Ukraine and the war in the middle east and you can see why the market remains subdued and depressed at the moment. If the threat of further escalation in the conflict in the middle east is taken out of the equation then we will see a small start to the recovery. When both wars/ conflicts are over (may be some time yet) and deals are struck (as they always are and should have been before now), along with a drop and level out in interest rates/ inflation to something far more sustainable long term, then we will start to see a full recovery and my guess is that £3 or beyond is not unrealistic for M&G.
Dividend has been maintained throughout some very difficult time, employees have had generous pay rises and bonuses, the company results were decent, so all in all there isn't much to not like.
Hold or add, it'll be back up to £2.20 shortly and then far beyond that very soon.
Caveat as always - this is assuming no further escalations in conflicts and barring a further pandemic.
Good luck all
With MNG at a discount, £1.97 as I write, I have topped up another 500 shares but considering adding more. Anyone know anything that Im missing here? This dip has remained firm.
Well there are some people who are happy to see their capital value of their shares go down by ten per cent after ex dividend to get the yield of ten per cent yes unloved at the moment cannot see anything to lift it very strange indeed
..... ..why this is not bouncing. It yields over 10% and interest rates here are definitely going down as we approach General Election,
LoggyLogbot, anything under £2 is a good buy IMO very generous dividend yield at this price around 10%, i secretly want this to stay down until my dividend is reinvested then back to 2.40 or more would be very nice, adding more if it drops lower is just a back up plan, the plan is to hold mng/aviva/lgen/lloy/vod and psn for dividend income and 60% of my portfolio invested in funds for growth, one little snag though is they all seem to be going in the wrong direction at the moment, so holding some money back in cash for further tops ups, then if reduced interest rates don't come to my rescue, i could be a very poor pensioner, the hope is that one day i might get something right and make a profit
I think the other thing is, the market is at its highest. A correction will come anytime. Some people probably are holding cash on the sidelines waiting for the pull back. 😂😂😂
....I hope!
So I have put in a chunk of my 2024 ISA to add to my holding here.
I'm wondering if it's still 'low' when the divi is paid on 9th whether a chunk money will find its way re-invested back into MNG
I am not so sure LoggyLogbot. This is only May 1. "Sell in May and go away" has only just started. I am still waiting for the 180's or lower than 195.😂 😂 😂
I've been waiting to see if this went back to the 1.97s - I've just bought a batch.
Surely it can't drop back much further?
Morning robleo. Well, the ex-dividend period for MNG has past, but there still sell in May and go away to come. So it's still not out of the wood yet. Let's hope that there will be no such thing for this year, lol 😂😂😂
Have a great day mate, and same as always, good luck.
Good evening sidi, i did add a bit more here at 196 but would be happy to add more should it drop back to 180 but will be just as happy if it keeps rising, just holding money in cash at the moment after selling off some lgen and lloyds shares, not in any hurry to buy, if last summer is anything to go buy then there may be some bargains to be had, but everything's so unpredictable at the moment, should interest rates drop things may change, i made a rule not to add to any shares unless below my current average, but i quite often end up doing stupid things and end up regretting if afterwards
best of luck my friend hope all goes well
and fingers crossed for all holders that this will get to 240 before next exdiv
Good evening robleo, this is just so predictable. It has become a little sick doggy now, lol. 😂 😂
Think I may still have a chance to fill my 180's buying order. You can also top up again as well, if you are still interested. Have a very good evening and good luck my friend.
I should have listened to sidi, he sold at 2.40, he's probably drinking champagne in the Caribbean now
maybe selling all shares before they go exdiv is the best way to go, never mind i have a tent and an umbrella to fall back on
gla
Maybe gains later lol
Jam later share definitely
We should be more concerned about the ground rent bill as that is likely a straight loss without any security to fall back on….
Exposure to utilities is £1.772bn per the accounts (supplementary information about credit risk).
A lesson learned from the banking crisis and the Euro crisis is to be diversified and better secured….actual credit losses have been very low over the last decade, far greater than the capital held against the credit risk….While there may be some credit rating adjustments which require more capital to be allocated to credit I dont expect this will be material from the industry perspective.
UK life insurers' exposure to Thames Water is 'minimal', Citi says.
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=13883876&type=bsm
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.