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“I have a target SP of 738?
Is that realistic and if so what time scale do you think that would be achieved?”
I think 700p will be a tough one to crack. Tbh SP is looking toppy now. I am not selling just saying.
We have results on Monday if a sell off follows then your target will defo have to wait. If there’s more buying momentum then I guess it’s possible. We could also get a regulator boost from solvency 2 ratio’s short term.
From a TA standpoint look back at how many times the sp has breached 700p in the last 5 years. It has actually spent quite a bit of time in the 700’s but I think with inflationary pressures and war it’s a tough call short term.
These stocks tend to have a good Christmas, that would be the earliest foray into your price range imo.
From here though I think it’s more likely to go back to 650 than through 700 before having another run. Hence I am happy to hold but wouldn’t add here now.
That’s all my opinion of course as The Kingdom are happy to buy!
Usual caveats
Trek
I have a target SP of 738?
Is that realistic and if so what time scale do you think that would be achieved?
Thanks
Well glad I stuck here.
Insurers getting a lift from weaker inflation numbers. I mean 8.5%…whoppeee! Lol!
Typically the one that got the biggest boost was ABDN whose results were imo awful!
There don’t you just live how Mr Market keeps us guessing!
Usual caveats
Trek
papucel, that does sound like the most sensible option covering all strategies, with everything that's been going on in the world, i couldn't predict what will happen next week let alone 1-5 months, but i get your point
cheers and GLA
robleo I did both strategies to check if there is a better methodology. Technically they should be equal if no other factors, BUT if there is a macro economic interference it will significantly go lower as I managed to pick up some at 5.80.
Rather than asking yourself should you sell or not before ex div you should rather give it a thought if in 1.5 months recovery some crisis would pop up or not.
The target is 7 you are on 6.1 (I am on 6.2) both below the target. I don't want to be completely out as I hope for a take over offer or a split so my advice to you would be to sell half do you could cover both sides.
GLA
Robina, you may have a good point about a rocky road ahead in the coming months, my break even here is £6.10 so in profit at the moment, the big question for me is, should i sell up now before exdiv, and just hold in cash for a possible much larger than the dividend drop
would welcome your thoughts please guys ?
Sensible commentary below.
I have a sound track record of buying just before a turn in the individual stock or the market in general so am in the red on almost everything. Need PHNX to get back to £7 but the dividends are a mitigation! Guess it's like a holding a bond that pays 7%. Only add when the market takes a major hit as I fear it will do more frequently and violently from here on given the madness in the world.
Hi Trek, sounds like a good strategy ( only buy what you are prepared to hold long time), agree there has been some good buying opportunity's of late as long as funds allow of course and have also been pooling all my dividends together and using them to buy or top up shares that are trading at a discount, trying to find that bottom price though is an impossible task for me, biggest problem is shares that were purchased before pandemic and before this inflation war etc. so some will just have to remain in the red until we see some sort of economy recovery, thank goodness for shares similar to phnx that are continuing to pay full dividend in the mean time
You seem to be doing well with you buying an selling also, so well done for that, something i have come unstuck with
best of luck
Hi robleo,
I do this to fund my early retirement and it’s also a hobby now.
I don’t win them all and I have been very lucky. TBH the recent vix has thrown up lots of opportunities, it’s the timing that is critical and PHNX + a few others keep offering opportunities. You can tell from the timing of my posts here.
My mantra is never buy a stock that you aren’t buying to hold so that way if any trading goes against you then you should still have a reasonable investment.
Good luck with your investments
Usual caveats
Trek
60% gain over 8 years,
circa 6% / yr compound.
No secret to making money here. PHNX it is a bolt on LTH income share. I have held for 8 years, taken both of the rights issues and reinvested the dividends as they are paid. Very satisfied with a 60% gain over that time.
lol, rob leo ; )
TrekMadone , you seem to be pretty unique, most people i speak to seem to be in the red right now with most of there shares, you must be very lucky to buy low and sell high on everything, or very very good, well done for that
nice day.
sold a few more,
now half remain.
Yes, high enough for me now , sold now , ususal trick kept profits in shares n capital back....... decision on interest rates due 4th Aug ......Gla
sold a few.
Looking like 630 close is on cards at last..
Xd around 19th Aug. Still yielding well over 7.8% (3.9% interim) at this level.
This will trade without all the divi and more imo so could see 30p off for a 24.8p divi.
May be worth considering selling half ahead of divi and buying dip as it should climb back up after given all the 700p broker reviews. All depends on macro of course.
Remember Briggs sold 47k shares at 645 in March so one could argue it’s toppy around that price.
If I was in over 610p I’d be picking an exit with a view to getting back in after riding the divi either by holding and selling after or exiting in the run up.
Anyone below 600p should be able to enjoy the boredom until the next black swan dip in which case sell before 600p with profit + the divi.
Just my take…. Easy money! Lol!
Usual caveats
Trek
One way ticket this for a while! Kingdom holding are buying. They accumulated MNG recently.
Just goes to show peeps chasing small caps and AIM and you can make good money on the ft100-250 with the right plays!
I am up over 20% here with trades a dividends and did even better at MNG with a 20% gain in 2 weeks!
Just needs a little luck and a bit of patience!
Good luck with your investments
Usual caveats
Trek
Robina, i like your honesty mate, as we know not all shares live upto our expectations, but just hold on there, when things settle i expect inflation to push up the share prices, but we will have to be patient for a while
Good luck
This has been the share that just keeps on giving!
I added on the last pullback 3 lots below 580 hoping that it would run through the 600’s again and on to 630 before the next 24.8p divi.
It looks like that is on yet again!
If you get in below 600, and there have been plenty of opportunities due to the vix then there is always the CHANCE to take the divi and sell your stock at a profit.
I run a spreadsheet that shows the xd dates, yields etc and use the charts and historic pull backs to try and time buys and sells.
You can then take your money off risk between divi’s or head to the next target.
August has good pickings with so many XD but what sets PHNX apart is it’s 50/50 interim/final split. So you get a comparatively larger divi compared to interims elsewhere like MNG etc
If you also track quarterly payers you will see that some the SP often doesn’t move after paying the divi. It deducts it at the start of day but by the end or over the next couple of days the SP is back where it was. SEPL is a good example if you chart it.
Anyways I will likely hold here after the xd as I have a ‘low’ average as I see a recovery but if 600 is under threat I may sell some to recycle. We’ll see.
Ps don’t know if anyone else has looked at the last investor ppt. What a load of tripe!
Loads of fancy pictures of mouths wide open and plenty on diversity, net zero targets, ethics, internal demographics and equal pay… all important but after they tell you where all the money is invested for each book!
That’s my main worry here. For sure their capital tier 1 ratio’s are well covered but they don’t have sufficient handle on investment diversity.
There should be a pie chart for each book showing where the money is and then expanding out for lower level detail. To be fair MNG have all that covered very well but not PHNX. Disappointing. It looks like it’s run here exclusively by HR!
Usual caveats
Trek
Rob- seems you have.
Longer term, it's been wildly up and down but overall down 10% over 5 years.
With the right timing it looks like one could trade the ups and downs. Somehow that never works for me though. When I invest in something it seems to set things on a downtrend only. Funny that. I bought on the drop in Jan 21 at around £7 so I'm sorry folks - it'll probably never get back there!
Robina, well it's back up over my top up price, dare i say i may have got away with it on this occasion ??
Robina, just my normal bad luck at buying, usually drops the next day, just hope the dividends hold up, as that was my reason for topping up, best of luck, hope you time it better than myself
Rob - this just shows that no matter what price you buy at it'll then go lower. That's my experience anyway.
Just topped up at 597, may go lower, but should be a good dividend yield at this price
Gla