The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I like the analogy Nick.
I think having a core holding position and trading a few when there is an opposite probably the less risky way with this.
I added mng, Dec and sepl for income and hex for fun. Will be selling hex so not a tip. It’s a trade.
I think I got mng too early. Looks like sub 200p could be on but it will bounce at some point. Yield is going up sp is going down. Madness!
ECB rate decision at 1330 today. Will likely be unchanged
Good day all, the Phnx will rise.
Usual caveats
Trek
Its like skydiving and knowing when to pull the ripcord, Did like some others with a large topslice but dont really care how I get back in, at any of these prices it looks great value
Yeah, 500 would be sweet, but my attention span is limited so I hit the button at 514.xx and went to make some tea..
Hoping to nab this at 500p and below....Another 15p...
Yield is at 10pc at the moment.
There's always MNG to accumulate
Deutsche Bank raises Phoenix 570p , nice
Already had the Div, would now be nice if it dipped further in the next few weeks or months, or go skyward win win either way as this still looks so undervalued
Saw price this morning and was better than I expected so took som off at a tad under 521 to split between SEpL who are double xd soon and cash to put back in here. May add a few more Dec see how it goes but with macro some O&G and gold (TRR) is prob sensible. Plenty of time to sell there and come back for sept divi.
Also if anyone hasn’t been made aware HEX is worth checking out. Looks like a good punt. US helium play. Average in now and sell or slice before the drill later this year. SP should be much higher before drill. But remember protect capitol so don’t listen to the rampers if you double your money which is v possible take half out and buy income!
Still got 15k shares in here at under 500p so holding them. Will hopefully have some trading profits to add back before next xd just before sp runs back up.
Good luck all
Usual caveats
Trek
So far not overdone, snapped a 1000 back under 520 win or lose
I’m holding my shares. Just because I’m holding my shares
I sold mine today because a director has also sold his.
Il prob get back in very soon
This morning which actually showed as a buy just as I was nervous of hotter cpi figures and a subsequent tumble in the states. Think we could get a decent down leg over there which we will of course follow. Market seems awful toppy over there but will be itching to get back in these if we near £5.10 or £5 levels again
Going to add 1000 in the hope after the X-div tomorrow this will start to recover
The more it drops this afternoon the better the chances of a good ex div day tomorrow with bounce momentum.
Looks like my sell came to fruition possible add in the coming days, see how overcooked the drop becomes
US CPI data made the decision for me, HELD.
Will top up tomorrow if the drop is overdone.
Higher risk today than usual with US CPI at 1.30, you could sell and then market takes the price + or - 10p, so you could win or lose but I’m holding this time.
Tough to call, although not probably worth the risk if holding long term, I might even hold and add ex divi anyway.
Have stocked up today and will be another wedge ex div tomorrow to average out the fall a bit....;-)
Interesting to see how it pans out.
Probably less risky if phnx didn't have the upwards momentum and a general rising market but hey ho, you takes your chances as they say
My average is 510, undecided whether to top slice today and buy back after ex divi, MNG dropped more than the Divi, NWG has since continued its rise post ex divi.
My average was 500, Sold this evening at 552, hoping to buy back in again. Time will tell if I’ve made the right call.
Hairydavey - Snap on the age. But no where near what you have in one stock. Of course if it represents 10% of your portfolio, then the risk is well spread. But still don't have that much in absolute terms.
Looking to get into PHNX and hoping it'll drop by an annual divi this Thursday. MNG dropped 11pc compared to the day before ex-div....so more than a year's worth.
But nothing is a guarantee and have to admit, their recent rsults were received very well.
Currently hold MNG and LGEN in an ISA. If PHNX drops by 10pc, then I'll throw my dry powder into that, otherwise double my MNG holding.
Have a spread of funds and individual yield stocks. Can't complain over the last year.....moved up 10pc (mix of fund price rise and income paid in).
Whilst i understand the compounding.....I had that approach a while back and whilst the number of share rose, meaning you bagged more dividend, which went to buy more shares, you never saw the income to spend it. That stock crashed at on point and the dividend was slashed. In the end, I ended up after 10years with the same amount I put in. Hence I keep the dividend...store it and then either use the money to pay for stuff or buy other stocks to broaden the portfolio.
No right or wrong answer.
Thanks Trek much appreciated. Im 46, but like you winding it down now aiming for a 55 years old retirement. Compounding now as much as I can in the next 9 years.
Hi hairdavey,
You are doing it smart reinvesting the divi’s mate. Compounding from 5:13 at an escalating divi will give you a significant pot.
I have one third of my pension paid by Phnx. So a lot of shares. I dont reinvest divi as I retired at 51, self funded, enabled by some lucky trades! All in an ISA! So I need the income and there’s none better than Phnx imo.
It’s not for everyone as I have to manage my own pf dynamically and that takes time. Having made money on ‘hot stocks’ the majority of which are way down now I tipped the profits into income. I only step outside of income now for rare opportunities and even then with less risk than I used to.
Hence TRR had to be convincing. I posted an expo on Tecan. They will pay a divi in a year or so. If you are young it’s a good small cap addition to your pf. I look at loads of stocks and now only buy perhaps 1 in 20 and keep even less. I usually turn down trading unless I am 95% sure as I have to protect my capitol.
Rule one of investing is protect your capitol!
Rule two, see rule one!
Especially as I can’t earn money now.
Anyways doing ok and at 59 now and it beats working!
Trek
From The Times part 2 ‘ So far, Phoenix has set aside £70 million to cover a possible charge, which is only 0.6 per cent of its long-term free cash.
Investors should also beware that while payouts have stolen the limelight, shareholder equity has suffered. Although Phoenix has consistently delivered operating profits, non-operating costs (such as amortising intangible costs from mergers and acquisitions) mean the company has a basic loss per share of 13.8p. Shareholders’ equity has dropped from £5.8 billion in 2021 to £2.5 billion in 2023, and is expected to fall further, although management has maintained that it will remain positive.
But Phoenix’s investment case is its status as a cash machine, and the market prices it as such. The shares trade at a forward price to earnings ratio of 12, higher than the other London-listed insurers Legal & General and Prudential, both at around 10. Analysts now forecast a 9.8 per cent forward dividend yield, and with new, higher cash targets and a commitment to deleveraging the balance sheet, this looks enticing.
Advice Buy
Why Well-supported generous dividends, with aims to improve balance sheet’