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| Titel | Ex-Datum | Zahldatum | Bruttobetrag |
M&G Plc |
27.03.25 |
09.05.25 |
0.0014 |
M&G Plc |
12.09.24 |
18.10.24 |
0.0007 |
M&G Plc |
28.03.24 |
09.05.24 |
0.1320 |
M&G Plc |
28.09.23 |
03.11.23 |
0.0650 |
M&G Plc |
16.03.23 |
27.04.23 |
0.1340 |
M&G Plc |
18.08.22 |
29.09.22 |
0.0620 |
M&G Plc |
17.03.22 |
28.04.22 |
0.1220 |
M&G Plc |
19.08.21 |
29.09.21 |
0.0610 |
M&G Plc |
18.03.21 |
28.04.21 |
0.1223 |
M&G Plc |
20.08.20 |
30.09.20 |
0.0600 |
Nachrichten |
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| Datum / Uhrzeit | Titel | Bewertung |
| 25.03.25 12:56:05 | M&G Full Year 2024 Earnings: Misses Expectations |  |
| M&G (LON:MNG) Full Year 2024 Results Key Financial Results Revenue: UK£5.46b (down 13% from FY 2023). Net loss: UK£360.0m (down by 221% from UK£297.0m profit in FY 2023). UK£0.15 loss per share (down from UK£0.13 profit in FY 2023).LSE:MNG Revenue and Expenses Breakdown March 25th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period M&G Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) was also behind analyst expectations. The primary driver behind last 12 months revenue was the Life (Inclu. Wealth) segment contributing a total revenue of UK£7.55b (138% of total revenue). Notably, cost of sales worth UK£2.96b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£1.88b (66% of total expenses). Explore how MNG's revenue and expenses shape its earnings. The company's shares are down 1.6% from a week ago. Risk Analysis What about risks? Every company has them, and we've spotted 2 warning signs for M&G you should know about. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 22.03.25 07:17:51 | M&G (LON:MNG) Will Pay A Larger Dividend Than Last Year At £0.135 | |
| M&G plc's (LON:MNG) periodic dividend will be increasing on the 9th of May to £0.135, with investors receiving 2.3% more than last year's £0.132. This makes the dividend yield 9.2%, which is above the industry average. M&G's Projections Indicate Future Payments May Be Unsustainable Estimates Indicate M&G's Could Struggle to Maintain Dividend Payments In The Future M&G's Future Dividends May Potentially Be At Risk Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. The company is paying out a large amount of its cash flows, even though it isn't generating any profit. This makes us feel that the dividend will be hard to maintain. Over the next year, EPS is forecast to expand by 196.0%. If the dividend continues on its recent course, the payout ratio in 12 months could be 143%, which is a bit high and could start applying pressure to the balance sheet.LSE:MNG Historic Dividend March 22nd 2025 View our latest analysis for M&G M&G Doesn't Have A Long Payment History The dividend's track record has been pretty solid, but with only 5 years of history we want to see a few more years of history before making any solid conclusions. The dividend has gone from an annual total of £0.119 in 2020 to the most recent total annual payment of £0.201. This means that it has been growing its distributions at 11% per annum over that time. The dividend has been growing rapidly, however with such a short payment history we can't know for sure if payment can continue to grow over the long term, so caution may be warranted. Dividend Growth Potential Is Shaky The company's investors will be pleased to have been receiving dividend income for some time. However, things aren't all that rosy. M&G's EPS has fallen by approximately 45% per year during the past five years. Such rapid declines definitely have the potential to constrain dividend payments if the trend continues into the future. However, the next year is actually looking up, with earnings set to rise. We would just wait until it becomes a pattern before getting too excited. M&G's Dividend Doesn't Look Great In conclusion, we have some concerns about this dividend, even though it being raised is good. The company's earnings aren't high enough to be making such big distributions, and it isn't backed up by strong growth or consistency either. The dividend doesn't inspire confidence that it will provide solid income in the future. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 2 warning signs for M&G that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 20.03.25 07:00:50 | M&G PLC (MGPUF) (Q4 2024) Earnings Call Highlights: Surpassing Targets and Strategic Shifts |  |
| Capital Generation: Over GBP900 million generated, exceeding the upgraded OCG target. Cost Savings: GBP188 million delivered in the first two years of the transformation program, with a new target of GBP230 million by the end of 2025. Group Operating Profit: Up 5% year-on-year, driven by a nearly 20% improvement in Asset Management. New Business Volumes in Life: Increased by 50%, reaching nearly GBP900 million in premiums. Net Client Outflows: GBP1.9 billion, mainly from UK Institutional Asset Management and PruFund. Closing AUMA: GBP346 billion, GBP2 billion higher than the opening balance. Asset Management Operating Profit: Increased by GBP47 million to GBP289 million. Solvency Ratio: Increased to 223%, with a solvency surplus of GBP4.7 billion. Dividend Policy: Shift to a progressive dividend policy with a 2% DPS increase for 2024. Adjusted Operating Profit: GBP837 million, up 5% year-on-year. Average AUM: GBP314 billion, up nearly 3% in 2024. Cost-to-Income Ratio: Improved by 3 percentage points to 76% (74% including performance fees). CSM (Contractual Service Margin): Increased by 10% year-on-year to GBP6 billion. Warning! GuruFocus has detected 6 Warning Sign with MGPUF. Release Date: March 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points M&G PLC (MGPUF) generated over GBP900 million of capital, exceeding their upgraded OCG target, which allowed for debt reduction and increased dividend cash spend. The company announced a move to a progressive dividend policy, reflecting confidence in future business prospects. M&G PLC (MGPUF) achieved GBP188 million in savings from transformation efforts, leading to an upgraded cost target of GBP230 million by the end of 2025. Group operating profits increased by 5% year-on-year, driven by a nearly 20% improvement in Asset Management results. The Life segment saw a 50% increase in new business volumes, reaching nearly GBP900 million in premiums, offsetting the run-off of the in-force book. Negative Points Net client outflows of GBP1.9 billion were reported, primarily due to UK Institutional Asset Management and PruFund. Asset Management net outflows of GBP900 million were driven by the Institutional segment, with headwinds from UK DB schemes. PruFund flows remained under pressure as customers favored alternative risk-free solutions due to elevated interest rates. The cost-to-income ratio target of 70% was not achieved, with the current ratio standing at 76% without performance fees. The company faces challenges in the UK market, with structural challenges in Defined Benefit pension schemes and high rates impacting derisking journeys. Story Continues Q & A Highlights Q: Can you provide an update on net flows for Institutional, Wholesale, and PruFund over the first 2.5 months of 2025? A: Andrea Rossi, Group CEO, explained that the momentum from 2024 has continued into 2025, particularly in international markets. Institutional flows have been strong due to offerings in public equities, credits, and private assets. Wholesale interest remains high, especially in Private Credit and Real Estate. PruFund has seen improved flows, with net outflows halving in the second half of 2024, and this positive trend is expected to continue in 2025. Q: How are you planning to achieve the GBP230 million cost savings target, and what is the expected new business strain over the next three years? A: Kathryn Mcleland, CFO, stated that the company has reduced its change budget from GBP140 million to GBP105 million and expects to continue spending less on simplification efforts. The new business strain is expected to be between GBP100 million to GBP150 million annually, with flexibility depending on client needs and market conditions. Q: What is the rationale behind reopening the Life business to new business, and what are the key metrics for BPA value share transactions? A: Andrea Rossi, Group CEO, explained that the reopening was driven by market opportunities and M&G's strong investment capabilities in fixed income and private assets. The BPA value share transactions offer low strain and high IRR, making them attractive for corporate sponsors and beneficial for M&G's capital requirements. Q: How confident are you in reaching the GBP100 billion target for private market assets by 2025, and what role does the Life business play in this? A: Andrea Rossi, Group CEO, expressed confidence in growing the private market franchise due to improved valuations and increased investor appetite. The Life business provides potential seed capital, which is crucial for launching new strategies and scaling up with third-party money. Q: What are the implications of moving from a 90:10 to a 100:0 profit-sharing model for new With-Profit business? A: Kathryn Mcleland, CFO, stated that the shift simplifies the business model, accelerates capital and cash generation, and emphasizes fee-related earnings. It makes the business easier to understand for shareholders and aligns with M&G's strategy to optimize balance sheet returns. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. View Comments |
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| 19.03.25 09:36:06 | MNG stock rises on strong FY24 results and upbeat targets | |
| MNG stock rises on strong FY24 results and upbeat targets Investing.com -- Shares of M&G Plc (LON:MNG) climbed 3.21% following the announcement of solid FY24 operating results and optimistic future targets. The company reported an adjusted operating profit and operating capital generation that surpassed expectations, driven by non-underlying items such as foreign exchange gains and a one-off in shareholder annuities. The adjusted operating profit for the fiscal year came in at £837 million, outpacing the consensus of £769 million and RBC estimates of £781 million. The firm's Solvency II ratio, a measure of capital adequacy, stood at 223%, exceeding the consensus by 7 percentage points. This result was supported by the operating capital generation beat, which was reported at £933 million against a consensus of £916 million. However, asset management net flows were weaker than expected, with a £0.9 billion outflow compared to the consensus of a £0.1 billion outflow. Looking ahead, MNG has set ambitious targets for the FY25-27 period, including an average annual adjusted operating profit growth of at least 5%, which suggests consensus earnings upgrades of 4-6%. The company also aims to generate £2.7 billion in operating capital over the next three years, a figure that aligns with previous achievements but is considered higher quality due to a larger proportion being underlying. Furthermore, MNG has formalized a progressive dividend policy, announcing a 2% rise in dividends per share (DPS) for FY25, which is in line with consensus expectations of approximately 3% growth per annum through FY27. RBC analysts commented on the company's financial guidance, stating, "MNG’s new operating capital generation guidance (OCG) implies small downgrades to consensus, once new business capital strain is considered. However, it remains strong enough to underpin MNG’s confidence to commit to a progressive dividend policy, while also continuing to invest in the business (via higher Life new business capital strain)." Related Articles MNG stock rises on strong FY24 results and upbeat targets Exor NV lifts stake in Philips to 18.7% Adyen and AstraZeneca gain TD Cowen's Best Ideas recognition on growth potential View Comments |
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| 30.12.24 05:46:21 | With 76% institutional ownership, M&G plc (LON:MNG) is a favorite amongst the big guns | |
| Key Insights Significantly high institutional ownership implies M&G's stock price is sensitive to their trading actions A total of 13 investors have a majority stake in the company with 50% ownership Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company If you want to know who really controls M&G plc (LON:MNG), then you'll have to look at the makeup of its share registry. With 76% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. In the chart below, we zoom in on the different ownership groups of M&G. Check out our latest analysis for M&G LSE:MNG Ownership Breakdown December 30th 2024 What Does The Institutional Ownership Tell Us About M&G? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in M&G. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see M&G's historic earnings and revenue below, but keep in mind there's always more to the story.LSE:MNG Earnings and Revenue Growth December 30th 2024 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in M&G. Looking at our data, we can see that the largest shareholder is Silchester International Investors LLP with 8.7% of shares outstanding. With 8.3% and 6.4% of the shares outstanding respectively, BlackRock, Inc. and Kingdom Holding Company are the second and third largest shareholders. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 13 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Story Continues Insider Ownership Of M&G The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our data suggests that insiders own under 1% of M&G plc in their own names. However, it's possible that insiders might have an indirect interest through a more complex structure. Keep in mind that it's a big company, and the insiders own UK£5.1m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. General Public Ownership The general public, who are usually individual investors, hold a 14% stake in M&G. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private Equity Ownership Private equity firms hold a 6.4% stake in M&G. This suggests they can be influential in key policy decisions. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for M&G that you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 09.10.24 22:44:42 | M&G PLC (MGPUF) (H1 2024) Earnings Call Highlights: Strong Inflows and Strategic Debt Reduction | |
| Debt Buyback: GBP461 million of debt repurchased, reducing ongoing interest by GBP21 million per annum. Cost Savings: GBP121 million of savings delivered, with a target increase to GBP220 million. Net Inflows: Nearly GBP2 billion of net inflows in the first half, with over GBP700 million in July and August. Operating Capital Generation: GBP486 million in H1, with a target upgrade from GBP2.5 billion to GBP2.7 billion. Leverage Ratio: Improved from 35% to 32%. Asset Management Cost Income Ratio: Improved from 79% to 77%. Operating Profit: GBP375 million, with a 9% improvement in asset management contribution. Solvency Ratio: Increased to 210%. Assets Under Management: GBP346 billion, with GBP2 billion increase due to positive markets. Net Client Outflows: GBP1.5 billion, mainly in the wealth segment. CSM (Contractual Service Margin): Increased to GBP5.8 billion, a 5% rise in six months. Warning! GuruFocus has detected 4 Warning Sign with MGPUF. Release Date: September 04, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points M&G PLC (MGPUF) achieved strong investment performance, with nearly GBP2 billion of net inflows in the first half of 2024, and over GBP700 million in July and August. The company has significantly reduced its debt, buying back GBP461 million and reducing ongoing interest by GBP21 million per annum. M&G PLC (MGPUF) has increased its cost savings target to GBP220 million, reflecting strong progress in its transformation program. The solvency ratio improved to 210%, indicating a strong balance sheet and financial resilience. The asset management division saw a 9% increase in profits, driven by higher revenues and reduced costs. Negative Points Net client outflows of GBP1.5 billion were reported, mainly in the wealth segment. Operating profit was marginally down year-on-year, with a decline in PruFund and traditional with-profits earnings. Persistently high interest rates have been a headwind, particularly affecting PruFund sales. The company is exiting its digital platform and advisor platform, indicating challenges in its wealth strategy. The asset management cost income ratio, although improved, still stands at 77%, indicating room for further efficiency improvements. Q & A Highlights Q: Can you elaborate on the capital-lite expansion in the bulk annuity business, especially considering the traditionally capital-intensive nature of this line? A: Andrea Rossi, CEO: We aim to grow our capital-lite business across various segments, including bulk annuities. One approach is to share economics with pension scheme sponsors, reinsuring longevity and credit risk back to them. This allows us to offer capital-lite solutions by leveraging the excess capital in our With-Profits Fund, ensuring we remain competitive and compliant with regulatory expectations. Q: What is the rationale behind combining Wealth and Life, and what benefits do you expect from this move? A: Andrea Rossi, CEO: The combination aims to streamline operations and broaden access to our solutions. By integrating Wealth as a distribution arm with Life's manufacturing capabilities, we can enhance our product offerings and distribution reach, particularly for PruFund. This move is part of our simplification strategy to drive sustainable growth and improve profitability. Q: With the strong capital position, do you consider having excess capital, and how do you plan to utilize it? A: Andrea Rossi, CEO: We are pleased with our strong financial position and focus on investing for business growth and dividend enhancement. While we have no immediate plans for excess capital returns, we will review our capital management framework and dividend policy with the Board, considering the macroeconomic environment and operational performance. Q: Can you provide more details on the management actions and their impact on capital generation for the second half of the year? A: Kathryn Mcleland, CFO: In the first half, management actions contributed GBP189 million, driven by asset reallocation and equity hedging. We expect to continue reviewing key assumptions, including longevity, in the second half. Our confidence in achieving the revised GBP2.7 billion target remains strong, supported by our capital management tools and strategic initiatives. Q: What level of interest rates would support PruFund growth again? A: Andrea Rossi, CEO: Currently, high rates lead customers to prefer government bonds and cash. We anticipate structural headwinds in the second half, but as rates decline, likely in 2025, we expect renewed interest in PruFund. We are also enhancing distribution by making PruFund available on multiple platforms and expanding our advisor network. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. View comments |
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| 04.09.24 07:12:20 | M&G Targets More Cost Savings as Markets Offset Client Outflows | |
| (Bloomberg) -- M&G Plc boosted its capital generation and cost savings targets as net outflows in the first half of the year were offset by buoyant markets. Most Read from Bloomberg How Air Conditioning Took Over the American Office Hong Kong’s Arts Hub Turns to Selling Land to Stay Afloat The firm said it was now targeting operating capital generation of £2.7 billion ($3.5 billion) by the end of 2024, an increase of £200 million from its March guidance, M&G said in a statement Wednesday. It is also now earmarking cost savings of £220 million by the end of next year, up 10%. Chief Executive Officer Andrea Rossi and Chief Financial Officer Kathryn McLeland said on a call with Bloomberg News that the extra cost savings will be group wide, including through automating processes, reducing reliance on external third parties and some headcount reduction. Clients withdrew £1.5 billion ($2 billion) in the six months through June, M&G said. Analysts had estimated higher group-level outflows of £2.8 billion. The outflows came from across the business, including UK institutional asset management and the firm’s wealth division. “Positive markets” helped assets under management and administration rise slightly to £346.1 billion, up from £343.5 billion at the end of last year, M&G said. Its shares were down 0.7% at 8:11 a.m. in London. M&G spun out of Prudential Plc in 2019 and has been trying to grow via acquisitions and by expanding into areas such as wealth, digital advice and private markets, where it has been making a bigger push in Europe to attract more institutional investors. Most Read from Bloomberg Businessweek Justice Is Beside the Point in America’s Immigration Courts Brazil Decides to Cancel the Elon Show Private Equity Is Coming for Youth Sports How Rent Controls Are Deepening the Dutch Housing Crisis Need 100,000 Balloons for a Convention? Here’s the Guy to Call ©2024 Bloomberg L.P. View comments |
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| 22.07.24 08:42:50 | M&G plc (LON:MNG) is favoured by institutional owners who hold 76% of the company | |
| Key Insights Significantly high institutional ownership implies M&G's stock price is sensitive to their trading actions The top 13 shareholders own 51% of the company Insiders have been buying lately To get a sense of who is truly in control of M&G plc (LON:MNG), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 76% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of M&G, beginning with the chart below. See our latest analysis for M&G ownership-breakdown What Does The Institutional Ownership Tell Us About M&G? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that M&G does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at M&G's earnings history below. Of course, the future is what really matters. earnings-and-revenue-growth Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in M&G. The company's largest shareholder is Silchester International Investors LLP, with ownership of 8.9%. Meanwhile, the second and third largest shareholders, hold 7.9% and 6.5%, of the shares outstanding, respectively. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 13 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Story continues Insider Ownership Of M&G The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that M&G plc insiders own under 1% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around UK£5.3m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. General Public Ownership The general public-- including retail investors -- own 13% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Private Equity Ownership With a stake of 6.5%, private equity firms could influence the M&G board. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. Next Steps: I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example - M&G has 2 warning signs we think you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com |
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| 11.12.23 00:04:31 | Britain's M&G invests in crypto derivatives platform GFO-X | |
| LONDON (Reuters) - Global Futures and Options (GFO-X), a digital assets trading platform, said on Monday that Britain's M&G Investments has led a $30 million second round of funding ahead of its launch. GFO-X is licensed by the UK's Financial Conduct Authority for global institutional investors to trade digital asset futures and options that will be cleared at the London Stock Exchange Group's Paris clearing arm LCH SA. M&G Investments, which provided most of the latest $30 million funding, is part of M&G Plc, and will have a seat on the board of GFO-X Holdings. "The strategic investment will fund GFO-X through its forthcoming launch and support future innovation in the regulated digital asset sector, enhancing trust and credibility in the market," GFO-X said in a statement. M&G portfolio manager Jeremy Punnett said the lack of regulated trading venues is materially hampering the growth of the crypto derivatives trading market. "The UK has the potential to become a global hub for crypto asset technology and investment, making London an excellent destination for GFO-X’s new global trading exchange," Punnett said. LSEG's LCH SA clearing arm in Paris said it will provide a regulated marketplace for bitcoin index futures and options. (Reporting by Huw Jones; Editing by Susan Fenton) |
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| 26.10.23 10:00:00 | Treasury Rout Lures M&G to Buy More as US Stocks Seen Too Risky | |
| (Bloomberg) -- US stocks carry too much risk and buying Treasuries will pay off, according to M&G Plc as the $402 billion fund house navigates the brutal selloff in global markets. Most Read from Bloomberg Controversial Chip in Huawei Phone Produced on ASML Machine Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C Headphones Israel Is Losing Support as Fury Grows Over Its Strikes on Gaza Trump Ally Mike Johnson Elected House Speaker, Shifting GOP Further Right Post-Earnings Meta Rally Fails to Prop Up QQQ: Markets Wrap The strategy — with US equities now its biggest underweight —- is predicated on the risk of recession in the world’s biggest economy and the Federal Reserve nearing the end of its tightening cycle, said Fabiana Fedeli, chief investment officer for equities, multi asset and sustainability. And despite the months-long rout in global debt markets, M&G has stepped up purchases of long-dated bonds in the US, UK and Germany since August, she said. “The equity risk premium now is quite high,” said London-based Fedeli, arguing that the shift away from US stocks isn’t an extreme move. “You’re looking at growth possibly declining everywhere in the world.” M&G’s playbook is contrary to the fear gripping markets in recent weeks, as traders priced in a more resilient US economy and interest rates staying higher for longer. Treasuries have continued to sell off this week, after a brief respite, even as billionaire investor Bill Ackman exited short positions and said growth is decelerating faster than data indicated. The US is due to report third-quarter gross domestic product later Thursday, with economists expecting an annual growth rate of 4.5%, more than double the pace in the prior period, according to a Bloomberg survey. M&G has been adding 10-year and 30-year bonds in the three major markets, and bought more recently as the market sold off, the 24-year investment veteran said. Long-term yields will peak, she said, without giving specific levels. Story continues Ten-year yields have jumped 102 basis points since the start of August, while the 30-year yield is up 110 basis points over the period. The S&P 500 Index has declined nearly 9% after hitting a 16-month high at the end of July. “We are still invested in equities because we feel that there’s so much uncertainty in the market right now that you really need to stay diversified,” Fedeli said. There’s “still a lot of value that we find in pockets of equities,” she said, adding that Asia is in a good position relative to the rest of the world. Most Read from Bloomberg Businessweek X, One Year Later: How Elon Musk Made a Mess of Twitter’s Business Sam Bankman-Fried Takes Stand in Reminder of Crypto’s Epic Fall Venezuela’s Primary Sweep Puts Maduro and Biden in the Hot Seat No One Understands Corporate Boycotts Like This Former Trump Researcher The War That Broke Social Media ©2023 Bloomberg L.P. |
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