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With MNG at a discount, ยฃ1.97 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 ยฃ2 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. ๐๐๐
....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 195.๐ ๐ ๐
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 ๐๐๐
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. ๐ ๐
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 onโฆ.
Exposure to utilities is ยฃ1.772bn 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 securedโฆ.actual credit losses have been very low over the last decade, far greater than the capital held against the credit riskโฆ.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.
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.โน๏ธโน๏ธโน๏ธ
That's correct, AllAtSea and 13.2 p