Member Info for Cheapsharesboy

I don't think it's gonna dip much below 60p.

When it once dipped that gap that was created by the Tennet big contract news. The bottom of the candle for that big day is at about 57p. Last it went to test this level was April 12th, apparently hit as low as 53p but closed at 63p. It will prob if that 57-60p floor holds. I recon it will, I think this is just a test of that plus UK markets were really poor on Friday so lot of good stocks got dragged under for no reason on Friday. It could be a pretty good long play if it hits 60p

These gains get wiped out due to weak UK equity market. This drop looks like it's just cause of St James's bad update.

I am unsure why TCap should be in any way related to St James. It is ridiculous actually.

However, after looking at the charts the long term downtrend was broken when 150p was cleared around mid-August, this is now trading on a long-term uptrend line and past the depressing downtrend line that was in play since Feb 2018.

So, from that perspective it's looking good. Bounce on Monday from a little below current level maybe 161-162p. This barring any geopolitical disasters.

All UK financials been hard hit by the carnage at St James's place that thanked -22%. Doesn't make much sense but unfortunately UK market us so weak it cannot withstand much adversity. The discounts are set to continue

Well the slow steady upward trend of the last week, is it implying that we are expecting, at least, decent trading update at the end of the month. Dedino's prediction of £2 by Christmas, might then not be far off. We will see.

I take it it's a good time to buy with volatility kicking off, interest rates will remain high for a bit longer. Plus 7% yield , the sp is at a 3 year lows now, I think it dipped to 620p where it has bounced from. Last we were lower was March 2020 corona chaos.

That's a hefty cut!

WIth the turbulence going on - they might be proven wrong - but maybe at the same time their target will be hit - then up from there. Just speculating

It's definitely giving PFC a look long-term lookout that shorts are disappearing.

Why not?

Stop policing people

Hi Latino

"Sounds like" is clearly referring to facts not feelings

Please leave your feelings out and accept your losses

The new RNS and licence agreement sounds like a proper scam. A bit like Sam Bankman-Freed fully aware they are robbing others to stay afloat and/or pay their salary. This company needs investigating there is a massive conflict of interest. Draper should be sued by shareholders.

I am not a shareholder

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.

🙏