The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ads- click on the 'cookies' icon bottom left then click on preferences to remove any ads you dont want to appearđź‘Ť
MTB Thanks for the informative post/view maybe it is another of the mighty 10 who have an appetite to bag a bargain...
This isn't really a traditional insurance company any more - it's a bulk annutiy company where large UK pension schemes move mostly pension (but some deferred) liabilities to them and pay a premium for doing so. The gilts crises actually accelerated this process as it actually increased funding for most UK schemes to the such an extent that many more can now afford to undertake these transactions. The growth and success here is being underplayed due to recent accounting changes which force annutity companies to recognise profits through the P&L over time rather than one lump which is why they now focus on operating cash generation rather than eps - and it will be generating op cash broadly equivalent to its market cap over the next 3 years!!. The market believes that the dividend is unsustainable, but I believe the opposite - that it will continue to grow from here. I suspect the stock is indeed a ripe target for someone, though not convinced it's WB as this is a different area of insurance than he is familiar with. Overall - very strong buy!!
Clued, try using the Brave browser to minimise ads.
There was a massive spike in volume that started suddenly at 2.38pm and continued until close.
Funny you should say that, Toff, I was thinking Warrenn for the same reasons you did. He likes and has made his fortune on Insurance. And Coca Cola, amongst a few others.
That would make sense Blackfriars except the timing does not add up. The RNS was out at 11am but the shares did not move until 14.30
FWIW…………the £250 million early debt repayment announced in yesterday’s RNS saves north of £14 million per annum on interest, this alongside the deleveraging of the balance sheet the most likely explanation for the share price rise.
Whoever is staking the Phoenix is also having a nibble at Abrdn who has a 10% stake in Phoenix, which might be useful in case of a meaningful takeover.. unfortunately, foreign companies do not appear on 13F as they are not listed on the US stock exchange.
Gwm121, may take your advice as the intrusive adverts on here are also giving me a very bad flustered experience !! After I looked at the BP forum and could access old pages there, on returning here I can now access old pages here !! A mystery to me, maybe LSE's programmers working today ?
That would be great news for next week ToffA !! If only.... !!
Clued
“Wonder who would bid for PHNX ?“
Maybe the great man himself
Warren - he cut his teeth on insurance
He likes it because it’s cash generative and premiums are paid up front.
Is it worth looking at advfn instead of here? some of the boards here aren't so good now, vod is flooded with a competition for guesses on share price with no research.
Nothing in the press yet about takeover phoenix, anyone seen anything to explain the 6 percent rise?
All, I tried to see messages on here before 2 pages back but can't !! Has LSE now blocked this as one of their new great strategic ideas along with limiting access to trades and making adverts even more intrusive and annoying for non members ?
Whoever it was they put their money where their mouth was
Karv
“I think this this was just the lemming effect and miss the boat reaction to a price rise,unless some mysterious news pops out.”
There’s nothing more positive in markets than a hefty rise driven by huge volumes.
As we saw yesterday.
Maybe Elliot or some other stock operator has bought a large stake.
Wonder who would bid for PHNX ?
HH88, Penalties aren't high enough and those who cheat, etc... take a Risk Cost v Benefit approach. Even the banks that are fined millions doesn't usually unseat those responsible and it's not the latter's money so hay ho !!
Karv
Well with those volumes it certainly wasn’t PIs chasing the price up!
AAL climbed before any news was published so if it looks like a pig, smells like a pig etc.
From what I can see of the authorities they are as toothless as the ones in football & quite probably the two teams who recently admitted cheating in the Prem will still be there next season.
I think this this was just the lemming effect and miss the boat reaction to a price rise,unless some mysterious news pops out.
Do not forget BOE has made it 100% clear it is all about the inflation inflation no matter what happens to the economy.
On the speculation on some news and the volume ,I do not think any corporate trader would risk any type of inside knowledge trading no matter the profit unless they were desperate due to the fall out from the FCA this is just my view maybe they would..
On a side note why would anyone buy a stock when it up 7 or 8 or even 9% with little to no news is beyond my understanding.
Do I believe it undervalued yes but it just bonkers the way the market reacts.
I missed the spike up yesterday ........I'm seven hours ahead of UK time in Asia.
Early morning 488p ish to 531p ++ increased volume!!
I expect to read some speculative articles over the weekend.
Rumors about Aviva many months ago woke the market up.
BHP made a play for AAL only a few weeks ago and GLEN rumoured to join the bidding or parts of AAL
UK-listed shares are under-valued....IMO
gla
Is what true?
Is this really true?
I used my abdn and NatWest divis plus a bit of cash to top up Bt group , but wish I’d bought here yesterday!
I have 2300 shares here. I’ll reinvest my divi tho
I notice that the market reports in the financial press have skirted around the Phoenix rise, like it didn't happen, so clearly they are at a loss to explain it.