Member Info for snakeeyes1875

Calokey - "Freefall"? It's down 1.65% over the last six months price, 11% from all time price and 11% over the last month, the dividend is 10%? Did you buy in at all time highs? It's definitely not in "freefall".

£1.60? - zero chance (world wars and further pandemics aside)

The markets have not recovered, all time highs are the norm over time and the markets always surpass previous highs over time, that's always been the way and will continue to be so. Prior to dividend M&G was actually up close to its highest ever levels since inception (barley 5 years ago).

When the world settles down it will continue to rise to new highs.

Best of luck everyone.

I see absolutely no chance of anywhere near £1.80, the only way we will see that is if there is a further world event, as in an escalation or widening of the conflicts, however if you believe that to be likely, my advice would be you better sell everything you have as the markets will drop massively across the board (not just M&G) and money (on paper) will be lost across the board, so any gain made from waiting to buy more would be swallowed up by what you had already lost.

For my part I hope, and believe, we will see a de-escalation in tensions, a levelling out of inflation and a drop in interest rates in the coming months - should this prediction be correct, we will see a start to recovery for M&G and the markets in general.

It's easy to predict this, and the markets, will rise and I can be confident in saying that, it's harder to say exactly when, but it will happen.

It all comes down to what you believe will happen in the coming months and also how long you are willing to wait, for me there is no rush and if I get it slightly wrong, then I will just sit, wait and hold a little longer (and collect my dividend), it'll all come good in the end.

Best of luck all

You are not missing anything, the company is as solid as there is out there, this is a sound investment with a massive dividend to boot. £2.50 by summer and who knows where beyond that when the markets really recover. Bear in mind the short lifespan of the company as a trading entity and what it has had work through since inception - a pandemic, the financial fall out of the pandemic, spiking interest rates, war in Ukraine and war in the middle east.

Seen_it believes the market is "at it's highest", not sure what the basis for this is, as I say it is no where near. There has not even been time for a proper recovery since the pandemic and we are still seeing the after affects, add to that the ongoing war in Ukraine and the war in the middle east and you can see why the market remains subdued and depressed at the moment. If the threat of further escalation in the conflict in the middle east is taken out of the equation then we will see a small start to the recovery. When both wars/ conflicts are over (may be some time yet) and deals are struck (as they always are and should have been before now), along with a drop and level out in interest rates/ inflation to something far more sustainable long term, then we will start to see a full recovery and my guess is that £3 or beyond is not unrealistic for M&G.

Dividend has been maintained throughout some very difficult time, employees have had generous pay rises and bonuses, the company results were decent, so all in all there isn't much to not like.

Hold or add, it'll be back up to £2.20 shortly and then far beyond that very soon.

Caveat as always - this is assuming no further escalations in conflicts and barring a further pandemic.

Good luck all

Sunshine, yes it does. It’s went up steadily pretty much every week since October right up until ex-div date where there was an inevitable dip, followed by a little more selling off.

It will be back at £2.20 very soon, then onwards to £2.50 from there by summer. Where it goes beyond there is anybody’s guess depend on economy returning to growth and wars coming to a close, but it’ll certainly get another boost from that also.

£1.80/£1.90 - not a chance, unless something significant happens, like the USA and Iran getting into a wee tussle, disaster aside, this is only going one way from here and is an absolute bargain at this price.

Best of luck to you all

Robleo,

Each to their own of course and everyone wants different things, that's absolutely true. For clarity for the moment I want to hold and add to increase my dividend payout and also because I believe that this is one of the safest investments (with the best dividend) that money can buy at the moment. I am happy to add at any level below £2.25 in current market place. My point of view would be different than your in respect to adding, I am happy to add into any share that I feel is a good investment and I do not want it to drop to allow me to put more in, as this only diminishes the value of my current holding. If I think a share is a sound investment then I will add when I have money, if I thought there would be a significant drop then I would sell the lot rather than holding and adding more.

"As everyone knows dividend shares generally just go up and down and generally don't have much growth" - in general and under normal circumstances, this statement would be correct for the most part, however in this case it really doesn't apply for a number of reasons, firstly as the company is only 5 years old as a trading entity and has not yet fully established its place in the market or its "standard trading price". The reason it has not yet done this is that it was formed/ came into being only around 4 months before the pandemic hit, so its trading price (like every other share) has been a bit all over the place since. Throughout its existence, it has traded through a pandemic, the falling financial fallout from that and just when it was looking like things would steady out, various wars broke out which further affected the markets. So, for the moment at least, M&G cannot be compared to many other large dividend paying shares, as its true value or standard trading price has not yet been reached/ achieved, we will see that over the course of the next 5 years or so.

I am positive about this share, but not through loyalty or blind faith, I am positive because of the fundamentals - The results were decent, dividends maintained and all staff have been given chunky bonuses and wage rises (this doesn't happen if the company is short on cash or see's issue on the horizon). The company is in a good place and the share price will catch up with that sooner or later.

Nothing is ever certain, but we play the percentages and you can check my previous posts and predictions, I think you will find that I haven't been too far off the mark to date.

As I said each to their own, but (disaster aside) we won't be seeing £1.80 anytime soon.

Best of luck to you and everyone invested.

Good luck with that target Moneybox,

I don't think there is any chance of seeing those levels again. I have said it before, but worth reiterating for anyone new, the last time it dropped below £1.90 was August last year and even then it was only for a few days. In fact (pandemic period aside), it has only dropped below £1.90 a handful of times since it's inception in 2019 and only generally for very short periods when it has. Even over the turbulent times over past 4-5 years, the share has maintained a generally solid level taken over the longer term and anything at this weeks price level, given the slightly more stable place we are in generally, is a massive bargain given the solid dividend to boot.

We will see a rise this week or next and a continued revival from here in my opinion, but best of luck to those awaiting a lower price point, I just don't see it happening.

Comparing this year to any of the previous years since the 2020 pandemic and the various wars that broke out, isn't really apples for apples, disasters aside (further wars/ escalations, pandemics) this year will see the markets level out and begin to rise again.

£2.20 within the next couple of weeks and £2.50 by the summer are almost certain if you ask me, beyond that who knows but I don't see that £3 and above are beyond the realms of possibility. The more the economy and markets stabilise and interest rates gradually begin to fall the more this will rise.

Good luck to you though and everyone else invested.

If you are sitting with an average of between £1.90-£1.95 you are doing extremely well! So well played, you must've managed to buy in one of the few low periods I would not bank on keeping your average down at those levels (if you intend to invest more in M&G that is). Last time it dropped below £1.90 was August last year and even then it was only for a few days. In fact (pandemic period aside), it has only dropped below £1.90 a handful of times since it's inception in 2019 and only generally for very short periods when it has. Even over the turbulent times over past 4-5 years, the share has maintained a generally solid level taken over the longer term and anything at this weeks price level, given the slightly more stable place we are in generally, is a massive bargain given the solid dividend to boot.

We will see a rise next week and a continued revival from here in my opinion, but best of luck to those awaiting a lower price point, I just don't see it happening.

Good luck with that Seen_it, I would be very surprised if you manage to get back in at £1.95, but you never know. Your original £2.10 target was a more realistic one and a very cheap price (which of course you would have achieved by now and been back in!). Most if not all financial stocks are down about 1.5%-2% today providing some excellent buying opportunities, if M&G hold today at current £2.07 level approx., which I suspect they probably will, then I believe we will see a rise in the price again from next week and continuing forward. Buying at the bottom is always extremely difficult and arguably near impossible to achieve, yesterdays price was an excellent buy price, today's is even better still, longer term this is only going one way and that's back towards £2.50 and beyond. Don't miss the doors closing on the train, because it will leave without you.

My advice would be buy now and thank me later.

Best of luck to you though, whatever you decide to do.

Absolutely zero chance of seeing £1.80 (unless there is another pandemic or a further war breaks out). Ex-dividend the reason for the majority of the drop and the further incidental 1-2% could be down to anything, end of tax year, dubiety on rate cuts, etc.

This will start to rise again next week and I don't see it dropping much more (if at all) from where it sits now. I suspect it will be back in the 220s next week, with a rise up to at least £2.50 come summer and after that, when things settle down, interest rates are cut, the wars come to a close, the markets settle, etc. who knows how high it will go.

The results were decent, dividends maintained and all staff have been given chunky bonuses and wage rises. The company is in a good place and the share price will catch up with that sooner or later.

Todays price is an excellent buy price and if I had spare cash I'd be buying today. I'll be absolutely astounded if anyone manages to get in at £1.80 (world wars or other major events notwithstanding).

Best of luck all

Good luck Reener, nothing wrong with taking your money.

They have been up and down a fair bit since 2020, anyone would think there was some kind of global event like a pandemic or some sort of lockdown, which may have affected all markets and shares. Prior to 2020 and since the banking crash Lloyds were fairly steady in the grand scheme.

A number of people will have been caught buying at higher prices pre-2020, but there were opportunities to average down and long term Lloyds were always going to rise again, just as the markets in general are/ will. Sit and wait is my strategy, it will all come good in the end.

It'll be on the rise again soon Seen_it, nothing goes up in a straight line (I think we've had this conversation before ;) )

Well done for taking your profit and good luck with whatever you decide to invest in next, as you say it's never a bad thing taking your money.

For me this has plenty left in the tank and whilst I wait, I can keep collecting a healthy dividend, so I will be here till the £3 party and possibly beyond.

All the best

Jaw buy backs have already been committed to, I would expect this to continue going forward to reduce the dividend liability and ensure levels can be maintained, as you say the market would like punish any significant drop in the dividend amount, but if it stays above 8% that's still fantastic and I think this would still be seen as a positive going forward.

The dividend is already exceptional, so maintaining it is fine with me and will give confidence to the market. The company is in a good place and has performed very well since its inception, considering this was only months before the pandemic, they have outperformed most others and maintained a fairly steady value, during all the turbulent times that have followed.

The dividend is market beating and the share price is strong, what's not to like?

£2.50 is easily achievable before summer (as I have stated on several occasions previously) and when the world settles down, interest rates drop and the economy starts moving again, who knows where this could go.

My original target price from some time ago was £2.50, I am now revising this to £2.80.

Good luck all.

Great longer term buy/ hold, dividend has been reduced yes and the final dividend may well be reduced also, that's the negatives and I understand why some dividend investors may wish to move on and buy into something with a larger dividend like M&G, however my opinion is that this position is temporary. Dividends will likely rise again next year and when interest rates are cut (later in the summer in my opinion), this will recovery swiftly. On top of that when the world settles down again (wars, etc. - timeline unknown) and the economy starts to move in the correct direction the value of this share will sore. £6 is my minimum target and potentially it will move a lot higher than that. Till then I'll sit and wait and collect the, albeit slightly smaller, dividend.

Good luck all

You didn't speak to soon Seen_it, £2.50 is assured, it's just a matter of time, question is how much higher than that can it go. There will always be ups and downs, most banks are down today as well. I suspect there will be small moves up and down till March when the dividend announcement will be made, I expect this to be a positive announcement and the dividend maintained or increased, if this happens we will likely see another rise on the back of that. Time will tell though and we could see a move north before then if the world settles down a bit.

It never was Seen_it, as I keep telling you, we will be at £2.50 this year and when we reach that (and hold above), who knows from there!

Best of luck

And it burn burn burns....................

No

Slow steady rises are much better and much more sustainable in my opinion, up over 8% in a month, 18% since Dec 22 and 15% since October - I am more than happy with that. Along side a very healthy dividend, there are far worse (and less safe) places to be invested. As I stated previously my target/ prediction was £2.20 by the end of this year/ early next, which we have all but achieved and I think will now easily exceed. I would hope/ think it will level out at about £2.25 next week and then onwards up to £2.50 next year, I did think middle of next year, but if interest rates keep reducing and economy recovers a little more, I think this level could possibly be achieved sooner than the middle of next year. In the meantime, keep the dividends rolling in and slow steady rises is what I say.

Best of luck everyone.

I am actually surprised we have not dropped further (appreciated it's early days), there is no guarantee that the fund raise will pass and no guarantee it will be successful, so I thought it may have dropped below 6p on or just after open. Very disappointed that no income generating deals have been made to prevent the need for a raise, but we are where we are now, just going to have to sit and wait to see what happens from here.