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Absolutely.
13.2p divi plus sp up 7p. That's 20p to boot this morning.
I'll take it.
Can we now get the re-rate to £3 share price?
Needs a new trading range
A couple of broker upgrades might help with that
Reported £797 is reported to be substantially ahead of expected £750m maybe that's why the reaction was positive. 13.2p divi was underwhelming but excessive divis are pointless often times.
Nice set of results and onward momentum in the share price.
Good to see solid results and divi maintained, been invested here since 2020 and divis were maintained during covid, boring but reliable, especially after my core divi holding of Glencore cut their divi by near 75%,
Slightly depressed the divi didn't rise (under inflation) to 13.5p, but so it goes. Have doubled my stake in the last year, at roughly my "long term" average of £2. Expecting a flat day, but would be very happy to be wrong. And will probably stick my divi back in here if we're still around £2.30 when the cash arrives
Divi raise you say? Last year Interim 2 was 13.4p this year 13.2p.
M&G beats profit forecasts with 28% profit growth,nearly 10% divi for my investment.
Reliably boring results, slight divi raise, even though the Sp is broadly flat over four years the divi here makes it a core component of my boring but profitable folio......
Operating cash generation is above consensus at 797m.
Not sure if this beat will have any benefits for the share price today.
Now to waste a couple of hours trying to understand the results including “Heritage”. How/why they are permitted to indulge this particular fantasy is beyond me…
Good evening sidi, thanks for the warning, I will have a handkerchief at the ready lol
Let's hope it is exceptional then
Best of luck my friend
Good evening robleo mate. Let's hope so, but companies shares drop like a stone on the reporting day is kind of norm these days, unless the reading is exceptionally good. So, fingers and toes crossed. Wish that there will be nothing nasty to come out on the day. Good luck and have a nice evening. Let's bring on tomorrow!
Absolutely - hopefully this will be top of the FTSE100 tomorrow!
Hopefully tomorrow will be a blue up day for us and not a nasty red one
gla
Https://www.mandg.com/~/media/Files/M/MandG-Plc/documents/investors/2024/mandg-plc-consensus-pdf-february-2024.pdf
Link to a document on the M&G website averaging analyst views….actual results Thursday.
It has been holding steady around 230. Suggesting little excitement, and steady numbers in line with expectations are coming.
Hopefully they are seeing green shoots of recovery in the Asset Manager and can tell a story about Wealth (they will be asked about compensating clients when annual reviews may not have taken place - PFP, Sandringham and Continuum provide the exposure to this risk). MNG probably just make the top 20 that the FCA is seeking data from.
M&G PLC Full Year Results Thursday 21 March
Fingers crossed on results and continued upwards trend.
Added a few.
Results are next Thursday.
A bullish update and another divi increase will hopefully see 230p pegged as a base before heading towards 250p (ex divi period excepted) and a bid of 350p... :=)
Can’t see what is going to cause this to go much higher….it seems to be hitting resistance around 230.
Thanks for reminding me Meconopsis. So, we may not see the same share movement this year ? Well, let's see what will happen on Monday then. Hope that the rebound will continue. Thanks again my friend.
“ Well, both LGEN and MNG started falling from this point last year. ”
Do remember that Silicon Valley Bank collapsed on 10 March last year and took 20%+ off financial services share prices.
Well, both LGEN and MNG started falling from this point last year. I don't know if the same movement will be repeated or not. If I want to sell, then I must do it now before the drop occurs, but I need to see what will happen on Monday morning first then decide. Enjoy your weekend mate and good luck to you.
Hi sidi, this is the time of year you have to make some difficult decisions, i confess i'm an expert at making the wrong one's that's guaranteed, so what ever i say do the opposite, i'm convinced someone has put a hold or sell curse on me lol
mng at a year high/lgen possibly heading for 60p plus/aviv currently at 467,70 and Lloyds making it's way to 50p again
One thing i don't have to think about is Vod, maybe if i live to a 100 i may break even on that one
Best of luck my friend what ever you decide And good luck to all mng holders
Yes robleo mate, good evening. Missed the last chance (both LGEN and MNG). Now, the second chance seems near again, but will the upward movement carry on if I sell? So again, decisions, decisions, decisions. Hahaha