Member Info for PanamaPete

Greygeorge, it’s good to see you on this board. Last time I read one of your posts was on DEC when the share price was iro 850p, since when it has risen to nearly 1100p. This must be a good sign that PHNX will rise back toward 550p. Good luck to you & your boiler room boy chums in supporting the shorts but you know your time here is limited.

"Berenberg cuts Phoenix Group price target to 650 (739) pence - 'buy'"

Shorts reducing, coming up fast.

RBC raises price target to 615p from 600p.

Been adding over the last few days.

Final tranche this morning & very much overweight.

581,599,551 voted for the Share Capital Reduction

176,428 withheld

751,854 voted against the Share Capital Reduction - the mind boggles.

Adolfo has purchased 650,000 at an average price of 15.14p, so he is currently down £14,560 on a purchase cost of £98,410.

Look forward to him seeing a return on his investment.

SK, how's your short position today. Seems the bulls smell bear blood.

SK, perhaps you should read the full article especially from the paragraph 'The Negative Impact of Short Selling'.

I have bought in again after selling out at what at the time appeared premature at 18p a while back, missing the rise to 22p. I have greater confidence now AH is in full control & 12.5p seems very oversold to me.

“The Commencement Date for commercial operation of the expanded system will be May 1, 2024. Trans Mountain anticipates providing service for all contracted volumes in the month of May.”

https://www.transmountain.com/news/2024/trans-mountain-successfully-completes-pipe-pullback-for-mountain-3-hdd-and-provides-operational-update

After selling the family silver, the furniture went next. Then the floorboards were ripped up & sold. Finally, the roof was stripped & sold off & what was left of the core business was just a rotten apple unable to make a profit.

New credit facility with different terms than the Trafigura loan.

"UBS's Nasib Ahmed expects the long-term savings and retirement business to focus on its plans to deleverage and capabilities to increase its solvency II own funds and IFRS 17 equity.

He was also anticipating a final dividend per share announcement of 27.3p, against 26.7p for the consensus.

The firm's next three-year cash generation target was seen at £4bn, which would be in line with market expectations."

If these boxes are ticked, sp should at least hold up.

Who knows, it might even go up.

Keep an eye on MNG sp today who have just posted results. Might be a precursor for where PHNX sp goes tomorrow.

Much happier buying back at these levels with sensible dividend so back in my energy portfolio.

Good exit point for shorters.

Sold a tranche a while back at 508p.

Just bought them back.

Even more reason to avoid NS.

2024 Spring Budget - A British ISA will give extra £5000 tax free allowance for UK investments. The devil will be in the detail of course.

Be interesting to see if there is any announcement in today's Budget speech re NS O&G. UK needs all the cash it can get. Birmingham especially.

There is something seriously wrong with that photo. Could be a scene from Spitting Image

If it opens at £9.50 I’ll buy back for another 50p.