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Trek Baloney - '...Also had a cracking run on PHNX, bagging the divi selling down and winning on the last 4 trades ready to sell again now! Posted them over there...'
Surprised you see bagging the Phoenix circa 27p divi as a 'win' when you could have sold Phnx at any time in the fortnight or so (circa 540 - 550p) leading up to ex-divi date then bought back any time in the week or so since for a 50p+ discount (circa 480p - 508p)on the pre-div share price.
Maybe you're not the genius you credit yourself with being ?
Timing is everything lol! Got this one on pretty much on the nose with the last 5 trades!
Also bought SEPL yesterday, went in big, for me! 3 lots of divi due soon and chance of divestment!
Can’t beat a bit of luck in this game!
Trek
Well, it did jump up. I may have to hold my fire for just now. LOL
Except most of it's not mark to market.
Noises emitted by crying shorters...
“ Time for me to buy back. Hope that the SP won't jump up too soon tomorrow morning”
My thoughts exactly, being in cash with these I bought on the close at 479 today. Expecting a bounce tomorrow from a technical oversold position and based on the ‘MNG lag’.
Don’t worry though doesn’t change my view as I will be selling again. Just gotta make sure to clear the taxes and spread then hopefully a good profit to add to the trading pot!
If I am the wrong side I don’t mind averaging down from here is my long term view is buy. Lots of opportunities here when the volatility is high!
But timing is everything!
Usual caveats
Trek
What do you feel will happen if rates reduce by say one percent during the next twelve months.I may be wrong , but at worse rates will remain the same inmv so the book value will eventually increase as these bonds mature and new ones are taken on.With the remaining bonds increasing in value if and when rates fall . inmo
A lot of problems under the hood with this, bond market dynamics have completely changed, the crap they are sitting on if they need to mark to market is horrific, typical U.K. share, buy for the divi and lose two thirds of your capital. Terminal, like the entire ftse.
Time for me to buy back. Hope that the SP won't jump up too soon tomorrow morning.😂😂😂
If all is well with this share I just can’t understand why it would drop by 75p.. the divi was only 26.
If you sell before ex divi do you not get the dividend ? I thought you needed to purchase them before ex divi but not sell ?
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
My average after a number of buys and some sells is just north of £5.40 but I'm nicely above water including a good few years of dividends
make of it what you will but in the absence of any rns or capital market day that i know of it seems a back of a *** packet view to be honest:
'double-downgrade' from barclays.
the investment banking arm of the high-street lender moved to 'underweight' on stock in the long-term savings and retirement group with a price target of £5 a share.
in a brief note, it said: "phoenix faces insufficient cash from operations alone to support management's targets, a weaker capital position than peers, and a change in strategy from historical areas of strength to areas where the group is not meaningfully differentiated, in our view. targets may only be fully evident in 2027."
Cheers for all the replies guy's, always interesting to see
Having sold 2 Tranches before EX Divi Day over £5 I fancy this could be Oversold and shareholders have suffered enough SP retracement
Added a reasonable tranche at COB even though markets looking weak
My average is Just under a fiver but looks to moving in super bargain territory, next load up low 470s, I dont care if I have too many of these as you get 2 masive divs as all the others will be half value for the summer Div, will be top slicing heaven in a few months, watch this space
If the government want to help UK stocks recover, they should ban shorting. Its a ridiculous idea.
Blatant SP suppression.
£5.28 for me stupidly averaged up just before xd, not my best decision in hindsight
So 22 March this went up nearly 10% on results after they achieved 2025 growth target two years early, then we get a down grade from Useless Barclays and the share price declines to well below 500,just cant make this market out anymore
£5.12
Same boat, lost count of the purchase,s made over the last twelve months, for long term tax free income, its a no brainer, will continue to add as and when the sale sign appears, I hope to have my investment covered in 8 years ish.