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Robina, don't know when, but at some point, the bear market will hopefully turn into a bull market, so maybe reinvesting dividends when these prices are down will reward us eventually, let's hope so, has not been a good time for investors lately, unless your buying
good luck
Well JPM has a new 800p target. That's 100 above my buy price last year. On that basis it won't happen!
However, if the dividend is maintained I won't lose much each year against the backdrop of inflation.
and some more.
bought a few.
Cheers Tacly for info , always use Dividendmax
@Roofer62, ex-dividend date is 25th Aug see https://www.thephoenixgroup.com/investor-relations/financial-calendar . 18th I think is for A burden Plc (Abrdn).
Ex Dividend date 18th Aug (Thu) , showing but not declared yet, took some today paid 5.78p , Gla
There is no jeopardy IMO, just people who don’t understand the IFRS “loss” reported in the accounts.
I may be naive but I don't see where the jeopardy is to justify these sorts of dividend yields.
Surely this is worth holding for the div ? Unless it gets to at least 700 or more
After a brief pull back off again with a strong close today. Dow having a bounce. So PHNX should open up again tomorrow.
Anyone looking to take profits would probably target 650p now, back to 670 may be on but not sure that will stick just yet.
I decided to hold here now. Having been robbed at GLO with a paltry t/o price I now need to fill the huge income gap from that gem - 8.55% quarterly 2.8x covered! PHNX will have to do to cover some of it.
Good luck with your investments
Trek
Nice to be back in profit here, hope it keeps rising all the way upto exdiv
Her tiz,
Like anyone believes these ‘muppets’ more often wrong!
“ BROKER RATING CHANGES
Goldman Sachs raises Phoenix Group to 'buy' (neutral) - price target 857 (700) pence”
Usual caveats
Trek
Just a solid business. They had some very decent announcement prior to the recent drop which briefly pushed the SP back above £7. They also pay, unlike other in the sector the dividend in equal split which smooths or should at least smooth out the ex dividend drop. However, my theories on how this should perform have been wrong time and time again. I was happily buying at £7 last year and even happier to add at recent levels.
I’m surprised too! And at this moment 6.32.Can’t find any news that would explain jump.
Incredible move today briefly through 630! Didn’t expect that!
Trek
A grabbed some at 579, 580 after tax and fees having exited previously at 620. Also managed to bag both of the last divi’s here. Been a traders dream this one as lots of liquidity and often a tight spread.
Going to sit now for the August xd and see how it goes. Chart showing 630ish resistance. Buying around 600 should protect one from the divi drop. Getting below 600p looks like a bargain imo!
Usual caveats
Trek
The IFRS loss is not to worry about, see my post of 19August.
The IFRS loss arises due to hedging against falls in equity prices and lower interest rates, so the financial results benefit when equity values fall and suffer when equities rise as they have done over the last 6 month period. However the increase in future investment returns is not reflected in IRFS results so the IRFS position is volatile reflecting the value of hedging instruments in any reporting period. Therefore a more stable or reliable picture is reflected by looking at operating profits rather than IRFS profits.
So there is no bad news that I can see in these results, in fact the results are broadly good news masked by IRFS reporting requirements. Hence I’m happy to buy more at these prices and more I f the market drags the price even lower.
By the way no money left to buy at 580p lol
I also took a position yesterday at 604 already down by 24p I am worried about the recent results which showed a loss
My view yes it could go to its recent low 560 or it’s prepandemic low of around 550, but there’s limited downside risk from here and the balance of risk is to the upside. I’ve bought today and will buy more if it goes there.
Not sure. I am buying them in small batches. Having bought my first batch at 601p I just bought another small batch at 581p. For me any dividend yield over 8% is good enough.
Getting very tempted to take a trade position again in PHNX if SP 580 holds,
but waiting for now in case we see a further dip down to SP 560.
Take a look at the TA chart trend and support lines.
Any thoughts?
Ditto.
added.