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So according to UKML, the NAV + dividend = 102.67p. Come on M&G, let's have something close to that!
Started: draft, 20 Jul 2020 12:05
Last post: draft, 20 Jul 2020 12:05
M&G launches hostile bid for UK Mortgages. Shares in UK Mortgages (UKML) have jumped 11% after M&G Investment Management (MAGIM) revealed it was pursuing a hostile bid for the listed fund investing in home loans.1 hour ago
Started: draft, 20 Jul 2020 11:57
Last post: draft, 20 Jul 2020 11:57
I reckon at anything over 70p
the directors topped up at 43p themselves - in the money
Started: draft, 20 Jul 2020 11:42
Last post: MrG123, 20 Jul 2020 11:53
Surprised M&G are going after such a small company. They must see some good hidden value. Can't see the board giving it away easily.
M&G Investment Management Limited (MAGIM) is a leading asset manager which is part of M&G Group. As at 31 March 2020, M&G Group manages £250.6 billion of assets across equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. MAGIM's experience of managing fixed income risk over many cycles, coupled with a disciplined investment process, has allowed it to turn these opportunities into a track record of consistently strong performance for its clients. M&G Investment Management Limited and M&G Group are fully owned subsidiaries of M&G plc, the international savings and investment business, which has £323.3 billion under management and administration as at 31 March 2020.
Started: draft, 20 Jul 2020 11:26
Last post: draft, 20 Jul 2020 11:26
M&G look to be quite serious about this - and 2 huge buys 80 grand and 60 grand
Still below the offer of 67p albeit declined but any further offer will be higher in my opinion
Started: MrG123, 20 Jul 2020 10:06
Last post: MrG123, 20 Jul 2020 10:06
The market took it's time to spot that this was trading well below the NAV of £0.7942. Nice correct today.
Time to rise?
This share is so cheap compared to NAV that they are going to buy their own shares. Watch it fly when the housing market reopens.
Anyone have a view on UKML ?