Member Info for karv1

MNG's trade volume does seem to be way above it peers it seems many people like to trade it.
I think the fear factor has a big role, due to its short time on the stock market.
The lemming affects 1 jump of the rest follow thinking that the one in front knows something.
Anyone that holds this long-term is likely to be laughing all the way to the bank.

Hi, falk I added 28k shares at 203.60 to 204.10, not the best price so far today but I calculated differently because I am mainly 96% in 1 share person stupid though this may be, I just calculate my highs in cash or losses from those highs. I guess when you are in many shares you have to be far more on the ball with averages for profits and losses.

From what I can see 19m are off-book trades in 4 lots of 4m trades and some semi-big trades. I wonder if we get a notification today about a change in % from someone.

The volume of shares at the moment is crazy high and has been over the last few days 20m by 2 pm odd stuff going on
compared with LGEN 1.7M
AV 2.5 m
phnx 300k
DLG 1.3m
We are even beating the banks when on volume/price

Depending on what happens tomorrow the dividend should help shore up the SP this week, as not everyone gets it on the same day from my past experience and a percentage of people will likely reinvest like me.

What changed your mind on price thought you were going for under 195,
do you use something like the 3+ in a row up days I have heard other people do this in the past from a low price?
I am kind of glad the tide had turned on the SP and I hope you get your 230 to 250+ SP

It took 2 days for your message to show.
My guess is your broker is just saying on paper it looks like a prime target as it is so cheap, saying that the volume on Friday was very very high when you take into account share value compared to likes of LGEN/AV/PHNX/DL.
MNG is big enough to add decent profit but also small enough for a 10billion+ outfit to take over it .

Takeovers are not always great for small shareholders when you have multi parts to a company. GFRD IS a prime example for me. Bovis take over of GFRD /linden homes section, they mainly offered over-priced Bovis shares and a huge amount of money given to the loss-making part construction division of GFRD to carry on instead of a full-blown takeover.
As to who In UK could take over MNG, AV would have been my first choice before they announce the share buyback it would have fitted into their 3 core locations very well and they had the money.

If it was ever to happen I would like to see a pure cash offer,
Not really want to see a pure share offer with an overpriced company unless we are able to sell fairly fast.
Not want to see a part cash part share offers.
Not want to see a semi takeover with MNG given a load of cash.

Is it me or are the ISE chat forum very glitchy, I often see 1 new chat message but no message until far later in the day or even the next day, are they audited or just very slow servers, also if I ever clear the cookies it takes forever to log back in does anyone else have this trouble?

I would say unlikely over the next 18- 24 months as they raised their self-generation target from 2.2b in 2022 to 2.6b in 2023
I suspect this is a realistic target otherwise it would reflect badly on board if not reached.
Over the last few years, they seem to be fairly aggressive in the takeover market, taking over small companies to increase their pool and future leads to make up for the outflows.
When their feet are firmly on the ground then I suspect they will try for larger targets or raise the fund target again.

The fix rate debt seems locked in for a long time.
Dividends are already fairly decent no real need for specials
Buyback is a possible outcome
acquisition is a possibility. In my view, this will be the most likely as it will help growth. and it would follow what they are already doing.

I read somewhere that the UK markets are up to 50% undervalued compared with the US markets, even though 75% of FTSE profits come from overseas it is only a matter of time before more and more people see this from around the world,.
It could also be that the US market is really overvalued also.

From what I can guess excess cash over time will be built up or it will be used for target acquisitions or share buybacks, as the debt seems locked in for a very long time and the dividend is already high so i suspect specials will be unlikely.

Here is a question what will happen to the share price if that 4 billion surplus in 2019 which is now at 5.4 billion surplus in 2021, becomes 6+ billion in 2023 and 7+ billion by 2025 is the Market capitalization still going to be 5.2 billion?

Well-positioned vs. target of £2.2bn Total Capital Generation by 2022
£2.6bn targets for 2021-2023 shifts focus to Operating Capital Generation
Unsure how tax works on this but still on a valuation of 5.3 billion those targets look good.
Probably why they said it looks like there be no surplus return in the short term, as MNG has raisied their targets.

Over what time span?

So many possibilities. in time
A takeover
A huge buyback then raising the dividend
Paying off debt then raising the dividend

I like MNG for the dividend but I also like to trade even though I keep telling myself to stop as I have done fairly well.
I have made loadS ON MNG and others and lost some on builders.
MNG dividend means if you are losing out on the trading side you have a long-term dividend of around 8.7% currently which in time will raise the SP upwards. which also makes a great safety net.

I get the impression the MNG board likes buying up smaller comapanies and with more funds coming their way maybe they will look at larger UK based targets that are cheap with a fair few possible targets around the 3 to 4 billion price range, or maybe someone will snap MNG up, either way, I see a bright future.

Just think of the dividends and ignore the rest if you are able to hold with your 8.1% per year return. plus whatever happens to that 1.9 billion self-generating surpluses with a target of 2.6b by 2023.

I was not sure what to make of the results.
Inflows outflows could have been better.
5.4b surplus can only be good news on a company valued at 6 billion even though I do not really understand how the surplus side of things work other than debt when trying to understand page 29 on
https://www.mandgplc.com/~/media/Files/M/MandG-Plc/documents/investors/results-reports-and-presentations/2021/MGplc-HY21-results-presentation-a.pdf
It was not bad yet it was not great either.
I think the market always has high expectations nowadays.

This could go either way at the moment roll on 14.30pm to find out.