Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last month I observed that in terms of the shares of fund manager M&G (MNG) I was ‘taking it off my personal potential buy list’ despite having previously post spin-off loved up a 250p target price potential (a level effectively hit on Valentines Day earlier this year). As today’s first half numbers show, you still get a lots of assets under management and administration (AUMA) at £339 billion for its £4.5 billion market cap (to save you the maths, it trades at 1.3% of AUMA) and a 6p interim dividend should put it well on the way to generate a high single digit dividend yield. So far so good, right?…
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