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Started: DramChart, 10 Jun 2024 10:07
Last post: FangKat, 18 Jun 2024 12:11
I quite like having VAPX, LGJG and EXCS, (etfs). They move up and down quite nicely and have made a few pennies out of them over the last while.
Hi Craigb, my funds are lgen international index/fundsmith/fidelity index world/lgen future world/lgen global 100 index/lgen global technology/rathbone global oppurtunitys, if you look on hl site accumulated growth is around 80%, but of course i can't predict the next 5 years so the other 50% of my portfolio is in UK dividend shares
best of luck with your investments guys and as i said before whatever your strategy's if it's working for you that's all that matters, and i always welcome tips and trying to learn from others here
Similar strategy to me, have more uk stocks than funds currently though as I Feel the UK is still significantly undervalued.
What international tracker funds do you have? My main one L&G international
Well we are all different guys, for me it's a small number of reliable UK income shares and international tracker funds for growth
But as long are you are making a profit that's all that matters
Market Dealer
I dont post very often and generally agree with your comments and investment strategy with one exception--
Mathematically speaking if you only hold a small number of shares and one takes a big hit it badly affects your overall wealth creation .
Fwiw i try and hold up to 30 shares/funds for this reason
Started: Solo-Investor, 18 Jun 2024 12:10
Last post: Solo-Investor, 18 Jun 2024 12:10
Started: Jatw, 17 Jun 2024 20:01
Last post: Jatw, 17 Jun 2024 20:01
The redemption will save about £20m in interest payments over the course of a full year (so about 10m of central costs this year).
Started: Jatw, 12 Jun 2024 11:49
Last post: Realist1, 15 Jun 2024 07:18
The 'refreshed strategy' at LGEN more than likely:
https://www.hl.co.uk/shares/share-research/legal-general-refreshed-strategy-new-buyback
JATW, what was/ is the pressure on MNG to change?
No new pressure on MNG to change.
Started: Jatw, 5 Jun 2024 09:19
Last post: Realist1, 10 Jun 2024 09:26
Signs of life this morning. This is the highest riser in my sad looking watch list.
JPMorgan raises M&G to 'overweight' (neutral) - price target 250 (225) pence
Same here, although have got out of most where I could. Sat with around 80 percent cash and see what occurs as (so-called) Summer progresses.
Not a great time for making any gains in the stock market, all of my shares and funds are dropping back at the moment, i'm holding back cash and dividends and looking for a bargain, a bit disappointing to see this one dropping back so low, let's hope it can get it's mojo back before next exdiv
I don’t think we’ll see it below 195, if fair value has a part. The election was won by Labour, sealed by Labour, when kneeler tended to our veterans and mingled with heads of states, whilst ratboy went off to record an interview.
So now we know it’s a significant Labour majority the markets will almost be jitter-free. Certainty.
Started: Sean1986, 22 May 2024 19:16
Last post: Jatw, 5 Jun 2024 09:15
MNG does not own these properties itself so the direct impact is on the funds that hold the property…..MNG experiences lower fees where these are % based…..limited effect unless this becomes common across the commercial real estate sector.
So with reduced rents that impacts the bottom line for M&G, is it enough to harm the share price though?
Sean1986, Good Morning,
I am following phnx at the moment , but will buy once it does hit my buying target though will
Start buying around mid-end of June in drips regardless the sp (saw the big boys are shorting phnx now).
Good luck with your investments.....ATB
Dentonxxx، Good Morning,
I tend to buy in drips though *usually* my first buy is the largest one, I would keep adding
More when/If possible when the sp is lower than my current average (re investing the divi won't apply).
I hold L&G MNG BOR RKH & Shorting lloyds (SB).
MNG current price is lower than my average, will add more if it goes sub 195p (about £10k worth of shares). ATB...IMHO-DYOR
Started: LoggyLogbot, 23 May 2024 11:04
Last post: LoggyLogbot, 23 May 2024 11:04
I think there will be a few people sitting with a percentage of cash on the sidelines as it gets closer to the election.
Despite it being almost nailed on Labour, the market will go one way or the other the following day and may present some opportunities.
Last post: Sean1986, 22 May 2024 10:55
Rather than call names, and be that keyboard warrior, perhaps stick to facts the subject matter that is Phoenix?
It seems to me that Gary was only making a general point & that someone on here grossly misinterpreted it & rather childishly took it personal. Perhaps the keyboard warrior that is Sean needs to wind his neck in & think before he posts. Not a good dinner party guest I think, ha!
Sean1986 - Bit touchy aren't you, my inane & pointless post as you so intelligently put it wasn't aimed at you, I haven't a clue what you are on about & I'd like to point out that the whole world doesn't revolve around you, but I expect you've been told that many, many times.
Now go look in the mirror & repeat 100 times "I must stopping being a tw*t"
Hindivihunter, it was a post made on here or ADVFN. I haven’t seen it in the broadsheets, but this share price is well and truly dead at the moment, which may suggest the city knows something.
Gary 59, I hope your inane and pointless post wasn’t aimed at me! I’m not a trader.
I do trade stocks, but let’s ask you a question… how many XD days has MNG dropped more than the divi, do you analyse?
You say every trader, that’s a silly comment too. Where are you getting your facts? It seems you enjoy making baseless facts, backed up by nothing!
GLA
Started: Jatw, 20 May 2024 17:16
Last post: Jatw, 20 May 2024 17:16
I have received an email telling me that &me customers are to be transferred from the &me app to a Moneyfarm app in mid July.
I assume this is due to a lack of volume for the M&G banded version…and will save some costs.
Others have tried and failed so better to get out early and simplify the MNG businesses.
Started: Solo-Investor, 20 May 2024 17:05
Last post: Solo-Investor, 20 May 2024 17:05
New inflation data will show another drop on Wednesday and there’ll be even more speculation of an interest rate fall this summer. My prediction: 2.09 by Friday close.
Started: oldbutnowisa, 18 May 2024 12:28
Last post: MaryBr190, 19 May 2024 06:56
💸 🐄💚
Oldbut, I can only speak for myself, but as long as the dividend holds up, and the share price returns to 240 or more before
the next full exdiv date, i will be quite happy, dividend @ 10% is one of the best
Strikes me they want to dampen the SP so they can then make even more of a killing!
Started: Solo-Investor, 14 May 2024 14:04
Last post: TrekMadone, 15 May 2024 16:03
“ RBC cuts M&G price target to 215 (220) pence - 'sector perform'”
They are pretty neutral on the stock….
“ M&G has received a mild downgrade from analysts at RBC, which see few catalysts to move the fund manager’s share price higher in the coming months.
Expects earnings to be rebased lower, a flat dividend and a commitment to cutting debt, says the Canadian bank.
Operating profit forecasts have been reduced by 8%-10% for 204/25 while RBC said it was already 9% below consensus on average across the three years to 2026.
“We set DPS growth to 0% [for this year] due to MNG's focus on de-leveraging and the year-on-year reduction in Underlying Capital Generation (UCG).”
RBC’s price target drops to 216p from 220p while sector perform is the investment rating.”
https://www.proactiveinvestors.co.uk/companies/news/1047620/m-g-gets-downgrade-on-dull-outlook-1047620.html
I added again today having picked up a few last week as well. I think this has been oversold now following the xd. I don’t rate the broker notes other than one or two poor ones can offer an opportunity to buy. if one thinks the balance sheet is in tact that is. And this is very good.
I do have minor concerns with super dry and Thames water but it’s insignificant compared to their pf or indeed any changes to rates.
Makes for an opportunity here imo.
Usual caveats
Trek
Rob,
I did tell you that was very unlikely, I might even have said no chance :)
You have a very good average and stand in a good position to see a nice increase your capital, as well as sitting back and collecting a nice dividend, so you have timed your buys well.
There were those that were touting £1.60 as well if I remember correctly, but world disasters aside, that was never going to happen.
Best of luck to you
2.02 is my average, if the dividend holds up with no loss of capital, then i'm sure we will all be very happy with our investment here, i did fear it might have dropped back to 180 then i would have made another top up, but seems to be recovering very well
best of luck to all fellow investors here
The dividend is looking safe.
I have 66,700 have been averaging down to 2.16 so a long way to go for me. Will hold anyway for next dividend. Interesting what they will declare.
Started: Market-Dealer, 15 May 2024 14:47
Last post: Market-Dealer, 15 May 2024 14:47
IMHO-DYOR
Started: Solo-Investor, 9 May 2024 12:47
Last post: snakeeyes1875, 14 May 2024 09:16
It will Rob, I am very rarely wrong ;)
My dividend has been reinvested as well, leaving me at an average of £2.05 (which I am very happy with).
We will hit £2.40 again it's just a matter of when, best of luck to you.
Dividend reinvested, would be happy if this goes back to 2.40 now, snakeeyes, I will be delighted if you are right
Best of luck
Hi Gary,
My prediction of £2.50 & beyond is based on my knowledge and research of the company and their fairly recent results, the current market condition and what I believe these will be in the future, the current economic situations, interest rates, etc., the current ongoing wars and the likelihood of their conclusion quietening down or deals being done and various other factors. However it is just that, my opinion and my prediction, as people often say it is always worth sticking by the old mantra of DYOR and predictions can always be wrong if one or more of the expected factors changes.
If you check my previous posts you will see my thoughts and most of the basis behind them, a couple of snippets below FYI, but in summary, I think this is one of the most solid and safest investments out there at the moment, are you going to double your money overnight with it - No, but you do get a fairly young but solid company, with a share price more than likely to grow by at least 20% or so and also you get a very hefty dividend to boot:
" The markets have not recovered, all time highs are the norm over time and the markets always surpass previous highs over time, that's always been the way and will continue to be so. Prior to dividend M&G was actually up close to its highest ever levels since inception (barley 5 years ago)."
" 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."
"I am positive about this share, but not through loyalty or blind faith, I am positive because of the fundamentals - The results were decent, dividends maintained and all staff have been given chunky bonuses and wage rises (this doesn't happen if the company is short on cash or see's issue on the horizon). The company is in a good place and the share price will catch up with that sooner or later."
"Given they have only been in around October 2019, the share/ company has lived practically it's entire existence throughout a pandemic and subsequent fall out from that (apart from 6 months at the start), so to say it has a habit to "plunge" could also be said about almost every single other share on the market and I would say it has held far more steady than a number of others in the 100."
Is MNG involved in Thames water? There must be a reason it’s not running with the pack?
I have a small holding here as I liked the results, and am considering doubling my holding as the dividend is a nice step up from a bank or BS.
Run the old ruler over the chart since July 23 and you get a nice but gentle upward curve to at least the 220s.
Started: Solo-Investor, 8 May 2024 11:10
Last post: Roofer61, 9 May 2024 12:26
Stuck myself down for another 1280 @£2.05.328, fractionally above my average. Another £260 pa in divis. Plus hopeful that the undevaluation is at last being corrected.
Im not going anywhere in May! I can smell profit!
Sp chugging along, briefly broken 2.05p,but expect further rises with payday tomorrow with all those dividend volumes reinvested , what's the next strategy..go away in May ....atb
Great to see this one finally gathering some momentum. I have heavily invested at 199.13 on Friday. Massively undervalued stock IMO with a safe dividend.
Started: viable, 8 May 2024 11:02
Last post: viable, 8 May 2024 11:02
Have taken up some stock. Good to have Trevor, a safe pair of hands, as chair although he may consider retirement at some point . . . just a bit wary of Ramaphosa's survival post-May. SA needs another bank: Nedbank and Standard are basket cases and OuMutual will steadily increase its international reach.
Last post: NAVYRRET, 6 May 2024 10:42
My thoughts exactly, Baldchap. Just as the undervalued UK market is about to break out, they move to overpriced, high-risk markets. Madness.
Re Coutts.
Announcing it beforehand, and moving from an under-priced market to an overpriced one.
Who is their advisor? Gordon Brown?
Coouts plan to de-invest £1.9 bn of its UK holdings and replace them with North American and EU stocks. It says it current allocation of investment to the UK has become outdated.
Coutts' parent company Nat West is partly government-owned.
Mary
MNG are not immune, to market turbulence and turbulent/volatile external factors - IMO ...but of course ...it is then about the post "normalisation" !!!
2023 - " Experienced £6.2 billion net client outflows in UK Institutional Asset Management (2022: £2.3 billion) triggered by the 2022 mini-budget crisis and the ongoing de-risking of Defined Benefit pension funds, with market conditions expected to normalise in 2024.2
Watching this
but I agree it is all dependent on the external factors and whether inflation/war/interest rates etc ease up ....regardless of whether the SP has fallen " a lot already"
197p to me was the price to which the market was going to sit and wait and see ..... and at this stage no one in the markets quite knows which way things might go... never going to be that easy
I guess a lot of professional players have hedged bets .... some bets short and some long ...across markets
US jobs figures today ...some already betting they wont be as strong as estimates,
Everything just moves on betting on the data, and reacting to the data
Started: Solo-Investor, 3 May 2024 12:58
Last post: Lamoroma24, 3 May 2024 15:16
I've got 54k shares average £2.20 so hoping it will move back to those levels. Gonna keep now until next dividend. Will try and top up and bring average down a little. Biggest holding ever.
I'm in! First time holder here, but I've added this to my stable of SIPP divi shares. This looks a very good price for this. Aiming to hold long term, re-evaluate if it gets back up to 240p.
Well, I’ve topped up again, making this my largest holding.
Seems to be a no-brainer to get in below the £2 mark. I’ll exit at £2.20 whenever that will be…
Added, small.
Started: Sunshine111, 2 May 2024 11:37
Last post: seen_it_done_it, 2 May 2024 18:50
Well, that's exactly how I see MNG. If a strong market unable to make MNG SP going up, then what will happen if the market turns weak? The market has already been rising for many sessions. It should be about time for it to take a breather. This is what putting me off from buying back my shares.
Of course, may be I am a bit overthinking it. This probably will start to rise from tomorrow on and back to over 240 again soon, but we still cannot rule out the possibility that it will continue to drift lower though. 😂😂😂
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
Started: Divihunter112, 2 May 2024 16:01
Last post: Divihunter112, 2 May 2024 16:01
Just read that 91 out of 97 economists in a Reuters poll expect the ECB rate to be cut from 4% to 3.75% on 6 June unless oil price rises dramatically.
Started: Solo-Investor, 2 May 2024 10:46
Last post: Divihunter112, 2 May 2024 11:13
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.
Started: oldbutnowisa, 2 May 2024 09:37
Last post: Sunshine111, 2 May 2024 10:30
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,
Started: Sunshine111, 26 Apr 2024 11:13
Last post: robleo, 1 May 2024 18:07
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'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?
Started: oldbutnowisa, 1 May 2024 17:55
Last post: oldbutnowisa, 1 May 2024 17:55
....I hope!
So I have put in a chunk of my 2024 ISA to add to my holding here.