Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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.
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.
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.
On dividends, so if eps is 36c so say 72c if you double it for a year, turned this into pence is 54p payout 40% to 55% equals 21.6p to 29.7p which equals something like 5.4% to 7.5 % dividend if I added up correctly.
Versus old rate of 51c =36.6p =9%
I like HSBC and you look at the pass share price of over 8 pounds a share you would think there a huge possible chance of doubling your money but you have to take into account in 2007 8 pounds a share there were 11 billion shares now I believe it over 20 billion share , I am sitting on the fence with HSBC at moment.
With public sector debt to £2.2tn at the end of June.
The question should be, with UK plc doing fairly badly with record borrowing, with many commentators claiming the UK did really well in June we only borrowed 22 billion, and with corporation tax rising to 25% this will only make a small dent into the borrowing.
Only a matter of time before the BOE has to do another round of printing money, yet the pound is holding fairly stable over the last 5 years v the dollar.
How and why is the pound improving v the dollar?
Unsure how this will affect HB'S. I suspect there will be a cost.
The giant house builders will be fine I am guessing, the smaller ones may find this hard, you could even argue that up to 15-years of claims and lawsuits could drive smaller HB'S out of the market, and cause fewer houses to be built. or allow larger HB'S to take over more of the market.
The BOE will just print another 300 billion and this will not impact inflation by much, It's all about the faith and belief and trust global investors have in the UK plc, BOE will end owning most of the UK debt in time, it all a con really but as long as those global investors/pension funds, trust the UK plc then rates will not go up by much.
If/when they do go up it will be keeping up with the other trusted currencies with similar interest rates.
Slow and steady the global ship will sail and most will not stray far due to unknown risks.
I think that new high might have to be put on hold for a while, A good time to add if you have the spare cash tho.
I think within a week or 2 we should get news on the 4th vaccine hopefully this will give the stocks another push-up.
The way IMB keeps going up MNG will be the best-paying dividend in the FTSE, with a fairly safe payout.
The markets are up 10%+ so far this year and this can only be seen as good news everything you can put money into seems to be doing well.
All MNG has to do is add funds to the total excluding existing investment growth and this will truly fly.
GL on your sell.
But most stocks are up 5% to 10% so far this year.
yields are all up.
No movement in rates.
Existing funds should be doing ok. this should help the next lot of figures depending on how the virus and future markets.
Let us hope more new money comes in than withdraws.
I remember when EMG/MAN GROUP AHL flag fund was losing % points near every week many years ago with group total funds of 35 billion, I think they at over 100 billion now in total.
Money will always make money.
I have a good feeling about the direction we are heading we seem to be handling these down days fairly well as more people come on board,
In time confidence will grow, I can see us going down less than others on the down days and rising more than others on the up days.
Thanks Jatw and BlahBlahDoh I class myself as an expert-novice I generally understand all results from most companies but insurances/ investments asset companies results when you get past the first few pages of the basics frontline results then trying to understand the more in-depth stuff when dealing with different solvency funds percentages v own funds v debt v profits from multiple other sections. This is where holes in my understanding come from, when trying to understand stuff like where is the self-generating money coming from and going to, always a learning curve with these companies but it sounds all good to me and from what I have read on here and results as well.
On a side note,
FTSE 100 is up 4% so far this year
ftse 250 up 5%
FTSE 350 up 4%
DOW up 8%
s&p500 up 5%
Nasdaq up 4%
dax 30 up 5%
Nikkei 225 up 7%
This should all be good news for investment companies, even tho we are still in the early days of this year it paints a somewhat bright picture for some of the funds within a company like MNG.