Member Info for snakeeyes1875

Shetland - Personally I wouldn't sell, I think this share has the capability to reach £5 within the next couple of years (ups and downs along the way of course), the dividend is good and will continue to rise and there is the potential of a takeover at some stage as well which would mean a premium price for you to sell at should you choose to do so. No body can predict what will happen in the world over the next few years of course and another war or interest rates could set us back, but all being well the fundamentals are solid and where could you buy better with an equal or better dividend? That being said there is never anything wrong with taking profit and leaving with your money in your hand if that suits your personal circumstances.

People will probably tell me my £5 valuation is crazy or optimistic, but that's what they said to me a year or 2 ago when I said we would hit £2.50 then £3 and who knows from there (Rob will likely recall). The fact is M&G are still a relatively new entity a singular company since the demerger and have only been floated/ trading since the end of 2019 and through very turbulent times for the majority of this period with Covid, interest rate hikes, wars, etc. all having an impact on them and the market as a whole, yet they continue to perform and deliver value. The true value of this company/ share is not yet fully known in my opinion and I see this continuing to rise steadily for at least the next few years.

Good luck whatever you decide to do.

Golfer - stopping the boats would make virtually no difference at all and is a minute part of the problem. Around 30,000 to 40,000 people arrive each year on boats to the UK, in contrast between 500,000 to 700,000 people emigrate each year, so people arriving on boats is not causing a housing shortage, it's like worrying about a bit of wall paper peeling off your wall when the roof has come off your house. I am not saying it is not a problem that needs to be resolved, what I am saying is that put in perspective, it is one of our smaller issues. Population growth, lack of investment, lack of building houses, failing to reinvest the money from sold council houses on building new council houses, the list goes on and on - all of these are failures of successive governments of all colours.

Hi Rob, I am still here! I will be here until at least £4 or the takeover bib ;)

Rob,

Yes absolutely, my average is £2.05, I'm sure some are lower, but I am fairly happy with it, this will gradually increase of course as dividends are reinvested or I add, but it's a decent baseline. As you know I have long been an advocate of this company and all things considered - returns/ potential/ safety wise I don't think there are too many better out there. I have had to sell some small amounts recently of M&G, Barc & Lloyds, due to having to increase pension contributions for tax purposes, but from April I hope to start to build up my holding again. I will hold M&G for the foreseeable, as I do believe it will hit £5 at some point and/ or there will be a takeover bid at some stage over the coming years.

Best of luck to you too and everyone else

Strong buy/hold for me, it’s always been one of the higher dividend payers and I don’t see that changing, so would expect the dividend to increase again. The dividend has only dropped in percentage terms due to the capital rise and will be corrected in the coming months by dividend increase. The reason others have a higher percentage dividend for now is because in the main their share prices have remained stagnant (I accept there are possible some exceptions), but that certainly the case for most 7% + payers. I also see the share price hitting £5 at some point over the next 2-5 years. The company has been generally undervalued since conception due to the tough environment it has had to operate within and there is always the realistic possibility of a takeover within the next few years. We are all at different stages with different strategies, but for me there are not many better shares out there if you can afford to hold through possible turbulence for the next couple of years and see the journey through.

Rob,

I'll be here till I retire minimum, which is a while off yet! Unless there is a take over of course, which potentially there could be in the future. All looks good though and happy to take and reinvest the dividends till then, I suspect they will increase the dividend back up to 8% or so when the announcement is made, maybe higher, historically the dividend has hovered around 9% in most years previous.

Also with the dividend now sitting at 6.5% approx. (current share price), I would expect a further increase in this when the announcement comes!

Hi Rob,

Hope all is well and good to see you've held on in here. Trump is an irritation, but only a temporary one in the grand scheme of things. Lovely to see the share price sitting solidly above £3 now, I have been saying for the past few years that this company has been undervalued since conception/ break away. There was always value there, given they only listed a mere few months before the pandemic and have faced very turbulent times ever since. my prediction was always to hit £3 and from there who knows, solid company, solid foundation, great dividend - the sky is the limit! Next stop a deep see diver a share! ;)

Till it reaches £5.50 Bay, then it may level out for a while ;)

Absolutely! Good job Rob, that's a fair bit better than my average, which is hovering around £2.03, but I am more than happy with that.

Thanks Rob, I'll take a little of that credit as well ;)

M&G will reach £3 at some point in the not too distant future. Some of you will know, I have been around here for a while now and have always been a supporter of this share. I have said it before, but it is always worth repeating - M&G (as a listed entity) are still in their infancy - and true valuation is hard to gauge because of that and the following factors - if you look at their performance over the last 5 years, I think it is hard to argue with how the company has been managed, given the circumstances that they have navigate their way through. They were only floated literally months before the pandemic hit and the crash that ensued, prior to that the price was on the increase from an initial £2.25 to just sub £2.50 before the xxxx hit the fan. Since then their have been wars, tariffs, interest rate spikes, etc. and there has rarely been a settled period. My hope (and wish) as well as my expectation is that we will shortly be coming out of that unsettled period and the share will return to the £2.50 mark, if things continue to settle down and the various wars come to a conclusion, I see no reason we will not see £3 and beyond that who knows depending on the rest of the market in general. If dividend is maintained (which I believe it will be), even at a slightly lower percentage v share price, then this will continue to be attractive and the price will continue to rise. Share buy backs will help to reduce the dividend liability and also any increase in price will allow for a good dividend to remain (certainly for existing holders, but at a lower percentage. They paid out generous wage increases and bonuses last year to staff, that is not something a company with profit concerns does and shows confidence to me. All in all I think it is one of the safest shares with an excellent dividend to invest in currently (and I hold Lloyds, Barclays, etc. as well along with my house builder stocks). Will there be ups and downs? of course there will, that goes without saying, but as long as the longer term trajectory is upwards then, the "downs" are just an opportunity to buy more.

As always worth doing your own research and spreading your risk, but Good luck all and lets hope we see a continued rise.

Quick, If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment, the seller gets the dividend.

Still a good buy though, if you plan to hold for a while.

M&G is a brilliant stock to invest in if you get the correct price, I've been invested for years and slowly increasing my holding when the price is at the correct level. My average is approximately £1.99, so not the lowest, but a level I am more than happy with given the 10% yield per year. Since de-merging 2019, the company has had to navigate its way through the pandemic, lockdowns, various wars and generally very unsettled times, all the while maintaining a very good level of dividend payout. It's a long term hold for me, the way I look at it is, when things settle down a bit in the coming years the company will prosper and grow in a more settled economic environment, perhaps this will take longer than a few years, perhaps not. In the mean time I will continue to take my dividend and add when the price is right. I believe we will see £2.30/ £2.40 this year at some point and £3.00 within the next couple of years (world changing events aside of course). Anything below £2.05 is a great price in my opinion.

Share price only going one way now the election is out of the way, it'll be back on it's slow journey towards £2.50 again, with a few ups and downs along the way. Still a decent buying price at the moment, if only I had some cash to throw in.

"Snake eyes, as a lower rate tax payer I believe you are safe, but worth asking." :) - Happy days Sean, appreciate you sorting that out for me. I assume that was your attempt at humour or an insult?

Still waiting for M&G to tank on 23/5, it appears to have been delayed. Perhaps you would like to revise the dooms day date prediction?

That aside, I prefer to comment on M&G, rather than trying to insult other posters or worrying about what the next government may or may not do, but you knock yourself out. My opinion is M&G will remain strong no matter what colour the flag is at number 10 and I look forward to the rise in share price over the summer months. Nothing you have posted changes my opinion that this is a strong and stable company and a sound investment.

Doesn't appear to have tanked?

All shares are far more volatile at the moment and have been over the last 4 years, than previously experienced, but that's just the nature of the market and global conditions at the moment.

M&G won't "tank" or collapse, the share price will rise, regardless of which party is in power (not much between them these days anyways).

£2.20 on it's way soon, then we are off towards £2.50 before summer is over.

Good luck guys, I'm enjoying reading the new comedy section we've opened up.

I nearly sold and cut my losses last week, maybe I made the correct decision to hold on (for once!).

Good luck everyone, we are still going to need it!

Rob,

I did tell you that was very unlikely, I might even have said no chance :)

You have a very good average and stand in a good position to see a nice increase your capital, as well as sitting back and collecting a nice dividend, so you have timed your buys well.

There were those that were touting £1.60 as well if I remember correctly, but world disasters aside, that was never going to happen.

Best of luck to you

It will Rob, I am very rarely wrong ;)

My dividend has been reinvested as well, leaving me at an average of £2.05 (which I am very happy with).

We will hit £2.40 again it's just a matter of when, best of luck to you.