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Hey thriller40, what were you talking about? M&G don't have department store. Are you sure you have come to the right place?π€£π€£π€£π€£
The groups strategy of closing there big old department stores and opening new ones seems to be paying off and the revamp to the clothing range.
Yes blahblahdoh, like what I said, I have used my simple mind for the calculation. Things can't be that simple. I am sure that the BOD will have a better idea about what's the best choice to enhance shareholders' value. I hope that they will do their best to protect the our interests.
You seem to be conflating three different choices into two, SIDO. The cash can be used to pay down debt from lenders, buy back shares and cancel them, or pay out dividends to shareholders. Any combination of the three is possible, assuming cash is available. There are benefits and drawbacks to each, certainly, but they have the same intrinsic value.
Retaining a high debt ratio merely to maintain dividend rates doesn't seem like a sustainable policy, so debt reduction probably ought to be the priority. The dividend policy is worth protecting, but buy backs seem less important?
Correction: 'will buying back shares is a better choice?'
Should read: 'will buying back shares be a better choice?'
Sorry, touch the summit button accidentally... Hahaha
The difference is: interest payments only about 5%, but dividend payments are nearly 9%!
So, will buying back shares is a better choice?
I got simple mind, so I have calculated it the simple way. In reality, it probably will be different, lol. π π π
People think buying back shares will reduce dividend payments, but paying off debt will also save interest payments too. What's the difference? Well, there's differences.
" the pure financial play is to gear up and buy back more shares"
Surely the pure financial play is to simply pay off debt instead?
Lol yes Jarw, robleo and I were talking about getting out before this goes ex-dividend, and then buy back later. You were talking about what are the important things holders should look at. That's different importance mate, lol. πππ
Jatw, some very good points there, the problem is there seems to be more reasons for the share price to drop than rise lately, that could change if interest rates and inflation drops perhaps
its annoying though when your shares are in profit, then all of a sudden they have dropped back into loss
I was telling sidi the other day that i had broken even on my Lloyds shares at 47p, now they have dropped back into loss at 42p, he was wiser than myself and sold at the right time
it makes you think sometimes if holding is the right approach
It is the results day and what they say about the cash generation and dividend direction that is importantβ¦..the XD adjustment should be irrelevant.
These are some of the questions to be asking
How much capital is generated over the next 3 years?
What is the dividend cover?
Will there be a buy back programme?
What are their plans for debt refinancing/redemption and the SII debt ratio?
They have expressed a desire for the debt ratio to be under 30%. It was last reported as 36% with the excess % largely due to the last buy back removing Β£500m of assets from the company. With debt costing 5-6% and the dividend costing 8-9% the pure financial play is to gear up and buy back more sharesβ¦.but that requires a change in approach. The results will be interesting for many reasons.
.... timing and luck will be very important for doing such a thing,
So, I wish you the best of luck mate, if you have decided to have a go, lol πππ
Sorry robleo for getting back to you late. I don't really have target actually, but depends on my gut feeling the day or so before the ex-divi day.
Well, this is me. I am really just a blind mouse or a headless chicken. Hahahaha ππππ
Sidi, I'm coming around to your way of thinking about taking profits
What is your sell target here
Cheers mate
Sidi - That seems to be the way with most of the 'income' shares.
Sorry for the typing error, one too many 'back'...
It would be nice if the SP able to stay at this level after going ex-dividend. But most likely it will fall more than the divi as always. Probably a good idea to sell before it goes ex-dividend, then back buy back afterwards. This is not a recommendation though. Please DYOR.πππ
Just checked last year divi and you are correct seen it. Would be great to hit the 14p. Expecting SP to rise over the coming month to Β£2.30 as punters buy for divi.
Last year's final was 13.4p. if they increase it by 5%, then it will be 14.07p (at least 14p)! For me, I am happy with just 13.4p. It's already good enough.
Total div for 2023 likely to be in the range of last year + up to 5% per share.
The cash cost is about Β£500m paβ¦.why would they want to add up to 25m to the cash outflow.
Ideally they need to have more dividend cover so as low an increment that the main investors will let them get away with is in order.
Looks like it could be 13p ?? Any thoughts or Predictions. Not long to go now.
No one listens to the downgrade today. The SP goes up strongly. In fact it has past or reached or getting closer to all of these so called experts' target prices, and Β£2.40 is looking possible once again, lol. π π π
JPMorgan raises M&G price target to 235 (220) pence - 'neutral'
UBS cuts M&G to 'neutral' (buy) - price target 235 (220) pence
Hahaha, think I am getting more and more obsessed with the get rich quick scheme. It's now winter. Will be cold without my shirt and pants. So, hope that I am not going to lose them, lol π πππ