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There have been no big institutions sells. from what I have seen.
The dividend has not been cut even during the first wave of the virus and also has gone up.
dividend is covered
Tosato, Massimo Non-Executive Director just brought 200k worth of shares a week ago I do think he would be doing this if a cut was on the cards. If anything it shows confidence in the shares ///in hindsight he probably wishes he waited a week..
It would be good to see a lot more of the board buying.
I personally think the outflows would have to be extremely bad on final results for a dividend cut to happen. most other asset managers seem to have done ok over the last few months.
FALKY anyone can pull a number out of the sky and every day flip that coin then claim to be right next week month year 2 years to many variables I could make the same claim with say 210 instead of 175.
IT went way lower with no vaccine and the shock effect of a new virus and dividend was maintained, it not impossible that it could drop to 175 but at the same time it is not impossible to see 210 or even back to 240.
You still have not given your reason on why you think the dividend is a 50/50 chance of being cut when it was not last time .
You are trying to scare people into thinking they will lose money maybe keep flipping that coin you could be right, but in time the share price will come back as it did last time, but if you are wrong people will be sitting on real money losses positions selling now.
On the transfer news does anyone know or able to best guess
A) was there a surplus
b) who has the surplus
c) Any ideas on how much money will be released if any and have these already been taken into account.
c) Was any growth in value of the fund kept or has it all been backdated to when the contract was first signed.
d) When the transfer happened originally was their a payment in or out and have they already been counted or has it been kept in limbo with the ongoing court case.
I notice on another site in the past that give out an update on stats on a company and if they would class it as a buy or sell, While I held GFRD and Bovis had done a takeover offer which was about a week beforehand, yet there was no mention of it, it either was just a computer algorithm or someone told to review many companies in 1 day without doing any new research.
Hi falky 50/50 if the dividend Is kept at the current level. what makes you think this?
With 5.2 billion surplus. on 5.14b valuation.
Since half-year results most markets are up.
Average from the group of analysts on MNG page think dividends will go up every year by a small amount
Analysts say they could easily have over billion spare cash next year.
They have increased their self-generating target from 2.2 billion to 2.6 billion.
The dividend was maintained during covid.
whats your reasoning?
I have a question on p29 on the half-year report if anyone wants to answer it ........
Shareholder Solvency II coverage ratio
Total 10.8 billion
£3.2bn debt at nominal value
29.6% Solvency II Leverage ratio
Other Own Funds , including: £1.1bn
£(1.8)bn TMTP 2 risk margin ..........all add up to 7.5 billion
Present Value of future Shareholder Transfer (PVST) from WithProfits Fund 3.3 billion
Total 10.8 billion
198% £5.4bn Solvency ratio surplus Own Funds
Against
5.4 billion requirements
0.5b Sectoral
3.5b Shareholder Annuities & Other
1.4 Capital requirement on PVST 3
On page 29 on presentaion pdf on
https://www.mandgplc.com/investors/results-reports-and-presentations
My questions are in the real term are the 1.4b capital requirements the actually required coverage required from the 10.8 billion. Why is 3.5b Shareholder Annuities & Other also counted against the 5.4b list?
Also is the 2.2b self-generating funds the difference between the 5.4 billion surplus and the 3.3 billion debt that is counted?
We need some news to give this stock a confidence boost, we are in the long void of nothing .
I know John foley brought 100k worth of shares in august but we need him and others to really put some money in, the guy is sitting on $2.5m of MNG stock while still holding $7.5m of PRU If I have read correctly, though there may be locked in reasons. while also earning a 3.8million total salary package which makes that 100k investment look like a token buy.
Also, this would be a good time with the stocks 20% of their highs to do a medium size share buyback say 100m to 200m.
A relative of mine phones me the other day to ask me if i am still in that dog of a share, that i suggested he buy but he sold out for a loss.
I have held and debated the pros v cons of How i thought it was safe, dividends, and so on, but like many others, He sees a 20% drop from the highs and thinks could it get worst.
It is a confidence issue people lack confidence in MNG and in the void of no information and a lack of history leads to fear, only MNG board or time can cure this,
Anything is possible when you consider the dividend is 9.1% and that the FTSE has only gone up 8% in 5 years compared to dow which is up 100%/SP 120% in the same 5 years.
If the dividend was compounded over 8 years you would make 100% of your original value plus your original investment. with this, in mind 250 is very possible.
Probably going to jinx myself, but I get the feeling that MNG is holding up fairly well, a month ago we would have been one of the worst-performing on a day like this, and on the last few down days it's been the auction that has done the most harm. Maybe this could be the tide slowly turning time will tell.
On a plus note, the clock is ticking down to the next big dividend which should start to help as the month's pass.
We just need to be patience , You have to ignore the spikes and drops over the next 5 years and you will make 45% to 50% in dividends plus hopefully in time profit on your position if you are willing to hold that long
With a 5.2billion surplus, I would say the future is looking fairly safe with good returns unless the MNG news/results are ultra bad, but without an update, we are all in the dark on how well or bad the company is doing, from what I have seen a lot of other companies have added funds, I am hoping this is a good sign.
It seems to be 1 step forward 2 steps back lately
My dream on how this is going to play out on share price and returns out over the next 6 months including announcements.
A+) Inflows increase more than outflows because then all the options below become far more realistic.
A) 220+ price 750m buyback with a 10% increase to dividend.
B) 240+ price 500m+ million buybacks 10% increase to dividends.
c) 250+ price + 10% increase to the dividend
D) 300+ price + 10% increase to the dividend.
E) A takeover at 260+
F) Takeover a bigger target to make MNG a far stronger company.
G) Merger. is my least favorite option long term might be a great fit with better growth but will probably be a low yield dividend stock. The current MNG yield would not be affordable for the new 10 to 12 billion pound company.
All of these are possible with a lot of luck one can dream.
I guess the biggest unknown factor is how long these contracts for gas are that suppliers have. I suspect the big companies are really long which means they get the higher cap tariffs prices while buying wholesale on old contracts at lower prices is probably why the Ofgem is not budging. Spirit enegry might be trapped on the other side of this coin who knows.