Member Info for Popeye62

Phoenix timing to move back into Gilts is looking very good.

Stockdale- Yes you're right, it does need some spinach!!! Lol.

Looks like GLG partners are exiting their short position altogether in Phoenix Group. Let's see if Citadel also now close their position. Phoenix Group is now our largest holding within our portfolio. As others have pointed out, in time Phoenix will get back to £6. It's just going to take a little bit of patience. I still maintain that Phoenix will be 525-545p by year end 2023. Good luck to all holders. Atb Popeye.

Clued - I second that. I also hold Aviva. I reinvested the dividend yesterday in Aviva, so I'm already up 9% on the reinvestment on that so called basket case!!! I'm just waiting for Aviva to issue an rns to confirm the rumours. Once that happens the whole sector will go ballistic, because everyone will be trying to second guess who is next??? Have a look at the short declarations for Aviva. Our dear old friends GLG Partners are showing a position from the 4th October!!! That position is toast. It could well just be rumours with Aviva. Let's wait and see. Good luck. Atb Popeye.

Nicknaim - I think the 52 week low is 449.30p. But more interestingly look at Aviva today. Up 7% on bid rumours!!! With a figure of £6 doing the rounds. The sector is extremely undervalued at present and some of these companies will disappear overseas with their present extremely low value. GLG partners short position is now at the lowest it's been for over two years, which would signal we're now at the bottom. I'm sure there's others that would disagree. I'm more than happy to hold and add at these levels and pick up the big fat dividend along the way. GLA. Atb Popeye.

Meconopsis - Excellent post. Thank you highlighting the facts, all from the companies accounts. It makes Phoenix quite an attractive investment. GLA. Atb Popeye.

Istabrraq - Phoenix Group now represents 80% between my wife and I in our portfolios. At the moment PHX represents excellent value and in my opinion is extremely undervalued. My price prediction for year end this year will be anything between 525-545p. With a trading update in December it's possible that the SP could be higher than my upper estimate, depending on how strong the cash generation numbers are. Good luck. Atb Popeye.

I also noticed that GLG had reduced It'sposition. It's still 1,100,000 shares. There's only 12,500,000 to go, before all the shorts are closed. I suspect that they may well have reduced their position today as well???

Toffee said we need to listen and learn, so we don't make the same mistake again!!! I added a load more yesterday at 4.73p. We sold half of our BAT after booking the dividend. This will be back above £5 sooner than you think Toffee. Listen and learn, so you don't make the same mistake again!!! Lol

I've also added more today below 510p. This is now by far our largest holding, between my wife and I in our ISA's. We will just sit back and continue to collect and reinvest the dividends.

It would be interesting to see if the shorts reduce on the back of the JP Morgan recommendation!!!

Extremely bullish. Not entirely unexpected though.

Velladean - The dividend will be 26p and we may be in for a nice little surprise in the form of a special dividend IMHO. I sold my holdings in Direct Line this morning for 175.70p and immediately put all the proceeds into Phoenix Group. Looking forward to the results and the juicy dividend. Good luck. Atb Popeye.

Codered - There not exactly getting mopped up!!! The SP is down on the day.

Charlie - I couldn't sit on my hands. I sold shares yesterday between 2.74 and 2.752. I was holding quite a few shares, so it was good to take a chunky profit. Now I will sit on my hands. I hope it goes higher for all LTH'S. I've learnt from many years of trading always to take a profit and not to be too greedy. GLA. Atb Popeye.

Fastfood - You need to change the record!!! At the moment this is a traders dream. It went as low as 1.42p on the 20th July and hit 2.80p yesterday, Friday 28th July. That's virtually a 100%. I like many other traders, will trade the life out of this. So instead of bashing the company and looking for negatives, why don't you jump on board and make some money??? There's a good chance it will break 3p on Monday. Have a great weekend I know I will. Atb Popeye.

Panamabob - I've noticed everytime they drop the ask to 1.90 or below it's triggering buys. I bought in for the first time on Monday after the RNS of LOI. I've managed to pick them up at between 1.80 - 1.95p. I had set a buy order at 1.85p to try and add some more. My own personal opinion is that this is cheap below 2p, hence the reason I'm a buyer. I feel for those that need it to 3,4 or bag to breakeven and do hope it does for them. I would be happy with 3 or 4p. I hope it goes a lot higher for the LTH's. Good luck. Atb Popeye.

Jedclampit - Yes in means the deal is dead in my honest opinion. Cinche bought the 20% stake as a blocking tactic as was reported in all the press over 18 months ago in an off book trade from former director Tony Bramley at 102p. They're now using their stake to block the deal which was always their intention right from the very start when they acquired their stake. Look at the amount of trades and the size of them after the bell on Friday. Hambro who gave an irrevocable undertaking for their stake are now all but out. For Cinche owners, it's better for them for it to stay under it's current ownership. I think another bid coming in, is just wishful thinking on the part of some. They should have done what Hambro did and start lobbing immediately!!!

I have to agree with Shaun and nitrox. I added more yesterday into the close by selling another stock. I've also added this morning and under 2580p by once again reducing my holding in another stock. I will carry on adding if it continues to drop. This is just a cycle with BAT. I've seen it before. But as long as you sit tight and keep collecting the dividends, in the long run it's win win!!! With dividend yield now approaching 9%, this current price is an absolute gift IMHO.

Firstly we do know that we're going to run out of cash. That's a given and a fact, not an assumption. Secondly this was a fantastic short term trading opportunity when the SP was below 10p!!! But that ship has sailed. NICE has been common knowledge for a long time and also the associated recommendation time frame. Unfortunately the company has wasted an awful lot of resources and shareholders money pursuing covid tests, of which none have come to fruition. From the companies own presentations they expect AIHL to produce revenue of £5m per annum, once it has been rolled out in it's entirety across the UK NHS. That is £5m revenue, not profit. With GDR's cash burn the company will still be making a huge loss. GDR need the USA and Europe in order to become profitable which a lot further down the road. LTH's should be extremely grateful that the rainbow chasers jumped on board and pushed the SP to it's recent highs prior to the inevitable placing that is coming. Remember there are no institutions currently invested in GDR, they will have their opportunity in the fund raising. PI's will also get an opportunity to take part in the placing, as was the case in the placing in October 2021, but PI's chose not to take part and only a very small percentage took up their allocation rights.