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Wow Trek - 50%? You're a braver man than me. I also have confidence here and have topped up twice recently. But 5% is my limit on any individual share or I'd never sleep.
Phnx, Lgen and av all used to be fairly close yield wise. Of course things change but Phnx is miles behind and its results say it should be closer to Lgen now.
Phnx are 5.44 and currently yield 9.67%
AV yield 6.7%. Phnx would need to be 800p to match
Lgen yield 7.93%, Phnx would need to be 770p to match
Take a 7.5% yield as reasonable and that’s 710p for Phnx
So still a 24% upside.
That’s why I averaged up considerably to a tad under 500p after the results and am now getting a 10.70% well covered and annually increasing yield.
Usual caveats
Trek
200dma is a key driver for the short to close, now more will and we get a squeeze. onwards and upwards. the dow flying this evening isnt a bad thing either.
And I thought I was fully loaded at 20% !!
I added 510, 520 and 528 recently. Got my average now up to 500p exactly. This is my top holding at nearly 50% of my pf!
Super confident now that this has recovered from covid, Liz, Ukraine and inflation. That’s a pretty good test for the stock especially as they have hit their numbers two years early and increased guidance.
I am not surprised at a rerate. I think it will rerate to around a 7-8% divi which will bring it alongside peers Av & LGEN.
So that’s a way to go still but I still reckon there will be a bid!
Usual caveats
Trek
Twice as many purchase today than sells.
darientaylor hopefully your right
Shorts have halved in the last week or so - I can only hope they took a good old fashioned Yorkshire wallop 😂😂
I see the directors are exercising their options before the share goes ex-div in a couple of weeks.
540 was a key resistance , off to the races me thinks.
As you can now see this was artificially bought down over the last year and the shorters got there greedy little hooks into it,
should see a steady rise back to proper value
Seems to be dragging itself up by its bootstraps - about time!
Crossed the 200 DMA on friday, if it stays there 2 more days we are off to the races
Looks like a short dropped off, maybe could see a nice steady rise, got fully loaded under a fiver as long term keeper
Don’t see why this can’t easily go on a run up to 600 then 650. Will buy more on a dip, or if not on xd. And there’s 10% divs in the next 6 months.
I agree Lord - The more I've studied the results and the growth projections the more I like, plus a c. 10% div backed up by a tonne of cash. I was tempted to top up before the results but sat on my hands DOH!
Hey ho I'm topping up today
Added 1000 shares at 526p good discount from the price at start of morning at 535p
Also waiting to add, might just leave it until after x-div as well
Looks like ex is 11/04, maybe I’ll get a few after pay day after all
FYI I do have savings but they’re locked away and I don’t eat into the cash I keep aside for jobs bills or repairs
Wish I had a few £ to throw at this before ex date but I don’t until pay day. I’ll have to be happy with my 2000 shares at 520p avg . Reinvested a few divis
Interesting BBC News pieceToday 10:09
https://www.bbc.co.uk/news/business-68634968
Faisal Islam’s take on likely economic news in the Three Key Dates section.
Looks like shares going up up up
What great results, an increased dividend that looks underwritten for years. As interest rates come down this won’t be a 10% plus yield stock for long.
PHNX and LGEN are occasionally tipped in the investment pages of the US press.
Can you Elaborate on why it’s interesting , i would like to know more , please
CNBC interview with Andy Briggs…
https://www.cnbc.com/video/2024/03/22/phoenix-group-ceo-still-interested-in-ma-but-bar-is-higher-now.html
Interesting that it’s an interview on a US-facing media outlet.