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Started: TrekMadone, 20 May 2024 09:18
Last post: Jediknight, Today 10:32
Are there actually any genuine rumours of potential suitors in the near term?
Unless an offer comes in at 750p which would still be a yield of 7% & hopefully rejected.
How low will it go????
Can’t see it happening this side of the election A.P.
When are we going to see phnx back at 650p!
The balance of payments could become less negative. It has to be positive for exporters & might encourage more tourism into the UK. Don't forget, Trussy was opening up pork markets. Hey, is that a pig I see up there.
HL are not out of the woods…haha ..regarding Woodford’s mess yet.
They have questions to answer esp Dampier
Had my from Hl - early for them....
Not sure what to make of the bid for HL though?
As and when mine arrives, will probably wait as this has a habit of falling below 490s, or reinvest in my others as and when they fall below averages
Got mine from AJ Bell and reinvested.
Div received from IG and reinvested in AGR on the 3% drop this morning
Started: RT003, 21 May 2024 09:11
Last post: Sean1986, 21 May 2024 16:33
I’m hoping this stays here for a couple of days, this is a trading stock, so with my Aviva dividend I’ll be back in on Thursday am, hopefully.
GLA
Dividend too good to ignore
Went through at 508.50 earlier
Started: DramChart, 13 May 2024 07:40
Last post: Sean1986, 20 May 2024 21:30
I have used HSD, AJBell, HL and now use I use II. AJ Bell were good, but not cheap, though they have now raised their game. II is cheap, has an informative site and is quick with replying to secure messages.
Interactive Investor would be my recommendation.
There’s a lot of expectation that cpi will drop significantly on 22/05, which is when the divi lands.
So we may not be able to reinvest cheaply ?
I agree Jim & that's why Mrs G & I moved our many millions from HL to AJBell & some to Vanguard.
It was all very straightforward & we are both happy with the outcome, good luck.
Robina - think that’s more a reflection on HL than on Phnx.
When I started with HL they had comment on all shares in 250, listed trades almost live and averaged out brokers quotes.
Now they do none of these and service getting worse - time to move SIPP and ISA shortly I think.
Started: PanamaPete, 14 May 2024 17:53
Last post: Svend, 16 May 2024 21:27
Trek,
Agree let's land & secure the div first, then reinvest and let it rip at higher prices soon.
I am expecting a buyback here. They have not allotted the 300m cost savings from the acquisition. I thought special divi but it may be a buy back now. US investors prefer buy backs.
I prefer a special divi but the market may like to see stock bought at this price. Ut hey we’ll find out soon enough!
Wish the SP would hold until the divi lands next week!
Usual caveats
Trek
A point of interest from today's AGM:
Resolution No. 23 - To authorise the Company to make market purchases of its own shares (Special Resolution). - Passed
Started: deepjoy, 9 May 2024 14:51
Last post: 1.ARMANI, 13 May 2024 02:51
AGM Tuesday 14th May
gla
Wasn’t a single trade, it was a cumulative deal which could have been in progress for weeks etc, it only gets announced when it is complete.
30m trade ? Some big boy moves afoot
Some people got fleeced yesterday afternoon and allowed a large buy order to be filled... onwards to 540 and close the gap...
Started: Gary59, 7 May 2024 17:33
Last post: seen_it_done_it, 7 May 2024 18:04
Good job Gary, but you can do a little bit of trading while waiting for the next dividend too. Of course it's a risk for selling if your timing is wrong though. So, I am still learning my day trading skills. Just took profit again before closing and made only £216 this time. Will buy them back again tomorrow if the price is right....hahahaha..
Yes SIDI & Nervous a profit is a profit. I purchased 1,004 of these babies this morning at £5.13 & my folio is now showing at close of play today a healthy £42.01 profit after expenses. I won't be selling any time soon as I'm here for the + 10% dividend. God I love the stock market!! Good luck all.
Started: deepjoy, 7 May 2024 08:05
Last post: seen_it_done_it, 7 May 2024 16:14
Lol yes, I am trading mainly with my ISA account. My trading account so far for this year from April 6 already made over £2700 profit, nearing to the max CGT allowance. The rest are in my ISA account, up to now just made over £13k of profit. So, there will be no tax liability so far, but still 11 months to go yet for the current financial year. To avoid CGT, I may have stop trading with my trading account.😂😂😂
I'm with you SIDI. A profit is a profit. After fees/spread/taxes still over 3% assuming you have a reasonable number. I'd take that all day long. Just unfortunate for me I was not able to sell on Friday.
Then compound tax free for ever more in the ISA. Love it.
Well, I am a part-time day trader. Only make small profit every time. 😂😂😂
Well that wasn't that lucrative given the spread and tax etc ..
Bought my shares back at 506 after selling them at 524.4 last week. I knew it would fall back after a sudden spike. They usually/always do.
Last post: Slownsteady, 7 May 2024 07:59
Lol yes. Not the phrase I would have used.
But je suis ready. We have had a golden "once in multi-decade" opportunity to build up a Portfolio of UK Stocks and lock in superb Yields. Blue chips such as PHNX. BATS, LGEN, IMB, HSBA and others, that offer between 8-10% yields. Thank you very much, Mr. Market.
A ticking time bomb?
Sean1986 agree 100 %
I think a lot of Friday was to do with several factors.
The £250,000,000 debt reduction in on go was significant, not just because it saves interest but it also proves PHNX is generating the cash to do so, and pay the dividend. Algos take time to reflect these facts, hence the delay.
Other factors include the US starting to notice the bargains here. PHNX is a small fish to the US funds, and if it is eaten up it may be that the shares are bought by cash generating funds to supplement growth.
We are sat on a ticking time bomb, let’s hope we are ready.
Agree someone is happy to buy some £ 50M/10m worth of shares either they know something or they covering their shorts..
Started: bocasefarm, 3 May 2024 15:03
Last post: TrekMadone, 6 May 2024 18:58
GLG increased their short on 2nd May. Ouch!
Trek
Thanks Slikoil and bro-ken-broker for advice re reducing the adverts on here and I'll try your suggestions later. I don't get them on my laptop, which I'm currently on, because I've "Ghostery Tracker Ad Blocker" Chrome Extension blocking the adverts, but this and similar others don't work for smart phones !! And I'm not paying to block them !!
Looking forward to see what happens with PHNX tomorrow re why large price rise 3/5/24 and what if any action our Shorters take !!
Ads- click on the 'cookies' icon bottom left then click on preferences to remove any ads you dont want to appear👍
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!!
Started: bocasefarm, 4 May 2024 12:01
Last post: Slikoil, 4 May 2024 14:34
There was a massive spike in volume that started suddenly at 2.38pm and continued until close.
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
Started: blackfriars1, 4 May 2024 11:55
Last post: blackfriars1, 4 May 2024 11:55
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.
Started: Sean1986, 3 May 2024 23:54
Last post: Sean1986, 3 May 2024 23:55
Stronly!! A few beers too many, a good day to celebrate!
Looks like our market is set to fly on Tuesday. A nice change, and perhaps there’s news coming for Phoenix!
Got to be in it to win it.
GLA for those that are holding.
Started: Mulder, 3 May 2024 18:06
Last post: Mulder, 3 May 2024 18:06
Rest of the week average was 1-2M/day.
This is not normal!!
Started: Dylan54, 3 May 2024 16:12
Last post: Dylan54, 3 May 2024 16:12
Again in my view another pointer that a lot of value in UK companies is not reflected in the share price
Started: ToffAppleton1, 3 May 2024 15:21
Last post: ToffAppleton1, 3 May 2024 15:40
Deepjoy
Right. Barclays beancounters are very badly lacking.
The bank has a lot of talent - especially the investment arm, but the beancounters are a pack of re***ds.
They very recently downgraded JD Sports for a proposed takeover that initially went down very well with the markets.
Fell ten percent on the back of their beancounters downgrade. I rate JD because there’s a major football tournament this summer and that’s nothing but good news for sports retailers.
And their takeover target will give them increased exposure to the massive US market.
Obviously Barclays beancounters aren’t football fans. Doubt if they know what a football looks like.
If I was Barclays management I would go through them with a wrecking ball.
Just my luck I sold them at £499 earlier..As they did this beginning of week and fizzled back down. Alas...Looks like it isnt this time. Typical.
Could be a takeover bid or maybe just a rumour of. I’m here for the divs but wouldn’t mind if the bid was 650.
I wouldn;t want to be that Barclay's analyst as the outlier two weeks ago. I bet their phone is ringing alot !!
Don't believe that.. We can see how it plays out into close if your hypothesis is correct. Too much churn in my view. Either a welcome day for liquidity and focus.
Started: Sunshine111, 3 May 2024 15:37
Last post: Sunshine111, 3 May 2024 15:37
So many times phoenix has comfortably exceeded the 500p barrier during the last year only for it to dip below it let us hope this time it sticks
Started: bocasefarm, 3 May 2024 15:01
Last post: bocasefarm, 3 May 2024 15:01
this could be the reason. released an hour or so ago.
https://***************************/phoenix-group-holdings-plc-32.7-potential-upside-indicated-by-berenberg-bank/4121154889
Started: deepjoy, 3 May 2024 08:56
Last post: dedino, 3 May 2024 14:56
US markets are rallying now
Twice daily volume and especially since US opened, Not complaining mind but no idea why unless shorts closed..
Is PHNX being put in play?
I would have expected Aviva to fly also if it was sector specific. That was some move, being sold into now
ABDN is looking very strong as well
Last post: stockdale, 3 May 2024 07:33
I see blackfriars has flamed me as I stated the incorrect pension company having issues. Both Standard Life and Equitable Life have had issues. I stated the wrong one in this case. I apologise. I have been suitably chastised. 🙄 However the point still stands. Banks and pensions companies can not be allowed to fail and the government will more likely sort out any extreme issues with them. Mobile phone companies are unlikely to experience the same concern. Phoenix is a major pensions company.
I shouldnt worry. Think about it . If this can hold around the 5.00 level from here and yield around ten percent. Then surely this is an excellent investment long term inmv
Everyone
I better hope every starts dying younger then , because that’s the only one which could happen !!!
'...What will it take for this to hit 650p again...'
Change in investor sentiment ? Long term interest rates coming down ? Reduction in life expectancy ? Continued new business growth ? More ice cream ?
Started: deepjoy, 17 Apr 2024 17:22
Last post: AllAtSea, 25 Apr 2024 11:36
Barclays? What do they know?
"BARCLAYS Q1 PROFITS FALL 12% AS MORTGAGE DEMAND SUBDUED
(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.
Pre-tax profit for the first three months of the year fell to £2.2bn from £2.6bn a year earlier and slightly better than its own consensus forecast of £2.195bn.
Loans and advances to customers fell by 1%, "reflecting subdued mortgage lending amid lower market demand", the bank added, while deposits were fell 2% as savers chased better rates elsewhere after years of paltry returns.
Group income fell 4% to £7bn, while net interest margin - the difference between what the bank charges for loans and savings - fell to 3.09% from 3.18%.
Income at its investment division fell 7% to £3.32bn after a strong performance in equities was more than offset by lower fixed income trading and weaker merger advisory fees.
Loan default impairments fell to £58m, compared with £113m last year.
Reporting by Frank Prenesti for Sharecast.com
Let's hope that Phoenix do not seek advice from the Barclays Muppets going forward. I wouldn't be surprised if they are facilitating some kind of deal with a foreign entity. Where they either take this over or become a major shareholder. Inmo.
Interesting how underweight from Barclays and shorting from others act to force the price down. It's almost like they are looking for a cheaper price to but back in at. Last September Barclays were overweight and very happy with Phoenix. Nothing has changed with the company. 🤔 Meantime the dividend is well covered and very good at this price.
We've been here before deepjoy - my plan is just to sit back and enjoy the well covered and rising dividends.
Thanks for posting
Hmm, price target £5, well is £4.76 now
Started: deepjoy, 24 Apr 2024 15:40
Last post: deepjoy, 24 Apr 2024 15:40
Not helping with bond proxy types shares like this sadly...
Started: HappyRob, 22 Apr 2024 08:05
Last post: upomega, 22 Apr 2024 08:24
They do not need to even ban it. All that is required is that stock lending becomes to expensive . I.E charge the borrowers a higher fee. What actually stinks inmho is that most people who invest into pension pots would be appalled if they realise that the very same institutions loan their invesments out to unscrupalous people who afre destroying decent companioes that they afre working for inmho
Started: AceofClubs, 19 Apr 2024 08:58
Last post: AceofClubs, 19 Apr 2024 08:58
I have held PHOENIX for more years than I care to think about and based purely on cost is my second largest UK holding. The current analyst "consensus" target share price is 600p. The last time PHOENIX hit the analyst target, 784p, was 24 November 2020. It has been a pretty steady and sustained decline since then. Book value per share was £8.92 Dec 2020, down to £2.99 Dec 2023. 5.25% interest rates are not an abnormality, it was the years of 0.25% that were abnormal and unsustainable.
Holding for that dazzling dividend can prove to be an expensive occupation.
AceOfClubs
Started: Sunshine111, 18 Apr 2024 15:29
Last post: greygeorge, 18 Apr 2024 16:12
In 2023 alone, Barclays issued 'analysis' for Phoenix on 14/02, 07/09, and 29/09. So, it's a timeframe of their choosing, lol.
Don't worry about it, there was a lot of director buying around this level some time ago and they know a lot more about their business than an analyst at Barclays.
Broker forecasts from my understanding are for a 12 month period from when they are made what is really worrying for me is that after the initial fall on the day Barclays forecast came out it has carried on falling on subsequent days
On the subject of broker recommendations, I think you need to ask yourself one important question : Is this 'target' price what they anticipate it to be on Monday, at the end of August, at the beginning of December, or a year from the recommendation issue date ? Unless you can answer that question, the recommendation is meaningless.
Barclays downgrade 500p current price 480p i will settle for 500p now as it would take a rise of 4 per cent to get to that and it seems there is a lot of downward pressure on the share price now