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Smart money has held on.
Dump money has moved on
People hoping for a drop. Well it may happen.
It may NOT happen.
It's possible that MNG will leave levels of under 200p permanently to the past.
Then....buying in for the dividend was not stupid but very wise. Best of luck to all holders. I'm seriously holding out for £4 per share which I think should arrive in around 2 years. Plus 10% yield to boot.
I use IG, not as my main account, but as second account because the platform and execution is the best in the market. Yes IG has done poorly recently but I wouldn't listen to a word Ace says as he was selling Tcap at 120p right near the bottom. I would imagine that IG will improve at some point not sure when. There is always the generous dividend if nothing else. But defo the CEO needs to be replaced
Simple: You need to be holder at 8:00 am on x-divi date, then you get divi. So last chance to buy in for dividend is 27th of September 16:29:59 (for normal people).
So when you are a holder at 8am on 28/9/23 you get the dividend even if you sell at 8:00:01. Simple just be a holder at 8am prior to market open. I will prefer to hold and collect divis are then I can avoid trading costs.
Thanks Casa
So the income from those bonds remain the same although their "market value" is currently lower. The question then is this: Once MNG buy new short dated bonds (after the previous ones expire), and the yield is better, I take it that the value of these new bonds is roughly the same as the expired ones? The difference being that MNG would just get a higher yield off them? So that would then boost revenue whilst maintaining asset values?
They are definitely good enough.
The only thins missing was assets under management which obviously bloomberg fouces on.
Their mates with their shorts will be crying may their losses multiply!
Most other metrics, MNG beat estimeates, so defo happy with overall figures.
Operating cap generation and operating profits beat. So steady eddy.
Pretax profits for the first half of its financial year came in at £75m with adjusted operating profits printing at £390m (consensus: £284m).
Assets under management and administration meanwhile came in at £332.8bn (consensus: £339bn).
However, client net inflows for the half, excluding Heritage, reached £700m (consensus: -£2.2bn).
Operating capital generation of £505m also beat analysts' estimates for £328m.
As well, the 6.5p interim dividend per share declared by management was in line with analysts' estimates.
The firm said it was on track to meet its 2024 operating capital generation target of £2.5bn and that it was making good progress on its 2025 financial targets.
Tomorrow
Hopefully they be good enough to jolt the sp over £2.20
I'm not farecasting anything
Also, They spent net £400m on finance?
Is that good or bad?
I wonder if IAG is a good buy at these levels?
I would presume best waiting for a recession first - but I could be wrong?
Arrogant moron
Hope he loses a lot this year.
🙏
Looks like he would have stopped bragging about his short now. Probably sitting at a loss now since he must have added on the drop. Best of luck to real Investors!
The last thing I would say to Gutter and the ilk is,
Please learn some English grammar before coming here to waffle.
It undermines everything you say when you cannot form a proper English sentence.
Thanks
Sounds about right Robleo.
Someone who claims to be a chartist but yet is seeking validation from a BB is quite funny.
Not to mention the fact that old school chartist and fund managers are desperately out of date.
I have disucssed with some of them and they cannot bear the fact that I can run my own pension (SIPP),
without any formal education in the finance sector. They feel underminded if anyone wants to or has the ability to run their own finances successfully. I can understand they feel like their expertise is not worth as much when someone educates themselvs and don't rely on "fund managers" or the ilk leeches who take a cut off your pension or money without your consent.
Hopefully the sp goes higher permanently
Albeit currently retraced
Selling doesn't make any sense at this sp.
Perhaps at £4 it's a sell not at 1.94 and 10% yield
I buy from the idiots who sells because "the herd" is selling
I couldn't care less if someone thinks we divi buyers are idiots. I recon the sellers are more so since they miss the dividend. Do your not realise that the divi drop reverse over time?
Hmm..
It's probably quite hard to actually look at a graph 6 months following the x-divi date rather than the one day chart after the x-divi.
But we live in a society where art is taping a banana on a board. Zero effort
I think 2019 low of 77p might be a good entry point
Thanks for the good reply jstar.
When tcap got rid of their best trader last year it was clear to be voice is dying slowly.
So I think liquidnet was necessary to speed up digitalisation but also get big clients on liquidnet books on board. Since the previous CEO was kicked out, I see things have slightly improved. Share buy back and profits rather than losses imply that the worst is over
Thanks for that!
For once, a post that actually makes sense and is no mindless rambling.
Hi.
I just like to calmly point one one thing.
Every once and awhile, Snapper appears out of a hole
This tends to conincide with desperate attempts by hedgies or other players to exist their shorts at a profit rather than a loss. Snapper10 perching doom is always a sure signal of this sort of activity.
Make of what you will, dyor
Operating capital generation over £800m and adjusted profit £530 cover dividend. IFRS shows loss.