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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.
I think anything under £6 ia great value historically for Phnx and with the recent results, they look to be a more resiliet business than ever. The large increasing dividend yield definitely adds up nicely over time as a return each year.
Mines around 590 as I bought the first lot 3 years ago at 679 but last batch was at 500p ,must of had an average of 150p in dividends for 50% of my holding
Thanks for the replies DeepJoy and Armani. I'm in the same boat, Phnx is an investment I feel I can sleep at night holding, especially with the large dividend cash yield for just holding our stakes. It definitely looks very undervalued at the moment, on a historical basis
Have been waiting for an 'in' for a while.
Half position in case their is any future volatility to take advantage of.
Time will tell.
GLA
Rojen3
I bought 2 positions on results day 521/35p + stamp duty & 528/20p + stamp duty
Less recent dividend.
gla
Like poster 'deepjoy' I am relaxed.
5.28 and I am relaxed. The best thing this company can do is to go the quarterly divis, stabilise the share price no end :)
Hey everyone, just wondering what people's share averages on this board are for Phnx, if anyone's willing to share?
Mine sits at £5.0326
Cheers
PHNX
Results day PHNX opened 510p then in nanoseconds 518 into 520 +++
It's only days ago that some posters wished they'd added more shares.
Aviva has also gone ex-dividend and retraced 10%
MNG fell off a cliff from recent highs and retraced 18%
Thankfully I managed to reduce my LGEN by 21,000 shares above the 250p, as I was overexposed.
I'm happy to hold my main pot at 492p less recent divi.
gla
Very disappointing share price . Disappointing markets.
We really need a bull run, just to get back on track, never mind progress
There is also the possibility that there will be no rate cuts this year in hindsight the market was getting carried away that there would be 3 rate cuts this year that is why the dow jones climbed to nearly 40000 looking back it was always going to pull back but i have been surprised that is has pulled back over 2000 points
Each to their own Trek
All the best mate
On the plus side, our dividend money will be buying more shares!
Hi deepjoy,
I agreed with all that on Friday but this week is different!
The world is changing so quickly.
Bouyant US jobs has meant Fed won’t cut now until possibly as late as September. Earnings out today have shown that the economy is super resilient so it can absorb higher for longer.
US 10years have kicked on to 4.6 now!
Then look at the weather. El Niño could see food inflation back on agenda. Esp in UK as farmers haven’t been able to grow crops in flooded fields.
Then the biggy is the ME tensions. Impossible to call but if Iran starts throwing drones about then the straights will be impassible even for US warships! Contrary to what they tell ya they cannot deal with waves of thousands of drones on after another! They couldn’t even bring down all 300 when Iran told them they were launching and the had hours to plan and react!
Any hostilities adds to inflation and even the spectre of $120 oil or more as well as the risk of contagion!
Let’s hope it doesn’t come to that!
However, I am happier sitting in 505 cash which is a trading profit + a divi to come and being able to pick my reentry points that watching it threaten my previous average.
I will scale back in for the very reasons you say when I think the time is right.
Notice that none of this is negative Phnx. It’s just macro. There are stocks that should be more resilient and that’s the ones to invest in. Insurers have shown us they don’t do well in inflation/high rates. Even though ironically Phnx have beaten guidance it’s not viewed like that by the market. So that means one can likely get back in cheaper.
Gotta protect one’s capital!
Good luck.
Usual caveats
Trek
Different strategy for me...fully loaded for the following reasons:
1. Yield is covered and dividend policy will be progressive.
2. The company balance sheet will continue to generate FCF given forward earnings not accounted for
3. unemployment rate up and inflation nailed on to be lower tomorrow putting pressure on BofE
4. £ taking a hit and increasingly attractive returns to US based investors after their index meltdown
5. I just like the company
GLA
“ Gone to cash with my insurers now. Can’t believe they gone up since selling!”
Well I think that was fortuitous timing from yesterday. Must say I did wonder when it hit 510. But one has to accept its luck if you pick the top or the bottom.
I am still on the sidelines here and will average back in when I think the time is right. Atm there is no hurry. It’s a long haul before catching the run up to September.
Atm I can use the cash to hopefully make some trading returns before tipping into here and MNG.
GLA
Trek
Thanks Mardler and George. I get it now.
Hi Svend,
Thank you for that - I understand.
Kind regards
You been short n wrong for way too long to ever be taken seriously.
You may have to assume that Porch is 78 years old approx and made poor pension provisions and is now a bitter and twisted old person. I don,t recollect a positive post from them. Obviously something amiss.
Whenever Porch posts his guff I have a mental picture of that Baghdad Bob/Comical Ali chap with the tanks in the background. 😂
When the market tanks to 5300 later in the year this will be sub 3.50. Ftse 100 just doomed anyway, nobody buys U.K. shares since 2016 except for a few self harming U.K. PI’s.
Https://www.5paisa.com/finschool/course/technical-analysis-course/price-gaps/#Price%20GapsGap explanation
Gap:
When a SP moves either up or down say on a spike ...so there's a gap in the share price where at a point in the future its usually filled.
Dropped my average here this morning and topped up LnG ready for ex, trouble when ftse tops 8000s any drops bring these down and also Barclays tipsters dont help, shady bstrds most likely connected with the shorts