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Bargains when it touched 5.05. Onward and upward. I reckon this will start to head back to £6.30 as they are doing really well with their achievments
Its a down day across the board anyway so things do look a little worse in reality than they actually are, this does seem to track the ftse so all in all a good day for re-entry what ever way you look at it
Bang on Nick - Markets don't go up in a straight line. Unfortunately too many investors see a down day and think it's Armageddon.
I have doubled my holding post ex div just under 512p, that will do me, decent support level around there and I am happy to hold from here and keep adding on short term weakness
I put some back in at a tad under 512. That’s some of the ones I sold xd for 521 so got 35p divi on them! Nice!
I had parked some in SEPL as they got 3 x divi’s landing in quick succession. I already hold there so know the stock quite well and in the past it hardly moved after xd recovering next couple days. Also they have takeover news pending. Balances out the pf a bit.
Usual caveats
Trek
Trek
Where did you get the 35p dividend?
Risking it the point is it is not a down day ftse 100 up over 80 points and phoenix is down i hate to think what it would be if ftse was 80 points down
Hi bwf,
Like a 35p divi, cleared 9p on the trade and 26p to come as a divi.
Looks like US inflation woes is taking its toll on insurers again. Don’t get it given Phnx beat guidance in tougher macro conditions than these and most of their plays are hedged. It’s like the insti’s just cba to DYOR or just sell everything!
Usual caveats
Trek
Gap to close to 493..if that happens I'll double up a very considerable holding already... at over 10% yield they will come back as they always do
Pulled the trigger and bought 1679 shares of this at £5.026.
Wasn't going to hang around for 2p.
Have a good weekend.
Just sold my BP today and thinking of putting it in here which will more than double what I have .
The divi looks very attractive.
Trek
Get you. I sold Tuesday pm at 552, put the whole lot back in today at a tad below 510 just after midday. In hindsight should have held out longer to buy back but hey hoo it’s done. After tax and charges I have 7.27% more shares than I had on Tuesday so happy with that. If I had waited to get dividend payment in my ISA to reinvest SP will be higher ( one would hope!) so couldn’t buy as many. That’s my logic, right or wrong only time will tell.
Divi dodging worked this time B W F - Well done 👍
8.5% drop from high was overdone imho but great if you played the game correctly
Gone to cash with my insurers now. Can’t believe they gone up since selling!
Can see the El Niño winter adding to food price inflation + ME woes. Most don’t go xd until sept now so thought better off sitting in cash even if means paying more later.
I remember when Ukraine kicked off it was better off being out and waiting to buy back cheaper.
Hanging on to oil, gold and stocks with US ops.
Trek
Still think we will have some good days to come when Dividends start getting re-invested , will do some more top-slicing then, perhaps
“ 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
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
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
On the plus side, our dividend money will be buying more shares!
Each to their own Trek
All the best mate
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
Very disappointing share price . Disappointing markets.
We really need a bull run, just to get back on track, never mind progress
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