We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The cash pile is starting to look very attractive , never mind the business is now starting to really motor back into some proper operation.
Darien,
A bid is certainly possible. Attractive proposition to either the yanks or the Europeans .
The question is the price. Given the cash pile (£4b?) and the NAV and CSM (£6.8b) it will have to be at a significant premium to the current sp. Comfortably into double figures I reckon.
Any quesses?
Though I am perfectly happy collecting this level of divi for ever.
GLA
You are asking advice on a BB ... go talk to a financial advisor. Also asking for advice without giving all relevant info is asking for trouble.
Thanks Meconopsis
I’m only in the green with phnx by £500. And im a bit in the red on BT.
So I’m wondering if I should go 50/50 Bt and phnx into the isa on 06/04
I think Phoenix will be taken over before the end of this year
"Should I transfer these into the isa after 06/04, before or after ex date?"
It depends on your capital gains position.
Ideally - if you have capital gains allowance left - then sell as many shares up to the capital gains allowance on or before 5 April. This realises the gain in this tax year. If you have any gains in excess of the capital gains allowance then sell the residual on or after 6 April.
Ideally, you're aiming to get the shares in to the ISA the day before ex-dividend date.
I have some phnx shares outside my isa. Should I transfer these into the isa after 06/04, before or after ex date? I either get the divi paid into the isa , or I get a reduced share price into my ISA on ex date.
Also, I have other shares outside my isa.
Is phnx a good candidate , or should I transfer my Bt group shares in?
Citadel reducing, Gladstone gonna burn!
Trek
I bought plenty at 465 475, 500 514.
I made one last buy this morning 544p
That’s me done now , holding for divis
UT tread 1,728,305 at 552.6 16:35:08
Real value 650+ why sell short, some may have a shock if they think its going sub 500 again
Hell yea, now were talking
Hello 550p
What about shares in issue Phnx has half that of av and even less in issue that legal this should add value even further
Trek,
I completely agree. Whilst I’m not up at 20% I am above 10% for the same reasons.
I would add that the whilst the NAV is only £3.9bn that is after providing for £2.9bn of CSM. As this is a liability that is owed to future periods rather than a third party I consider it to be an asset. After all, if a bid was made for the company the bidder would have to pay for the CSM. So I make that £6.9bn in NAV which is approx £6.90 ps.
So the way I look at it is that at £5.40 ps I am buying at a discount to NAV of 22%.
Then consider the predicted annual cash generation of £2bn and it looks even more compelling.
Am I missing something?
GLA
TrekMadone - MNG on sale today...went ex-div
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 😂😂
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