Member Info for stockdale

LeeRex, not nice to laugh at others decisions. At least LGEN still provides a decent dividend, especially with falling interest rates. At least all invested here will get some return better than a bank account. I feel for those invested in some AIM shares where no dividends are paid out.

Svend, The SP climbed to current levels on takeover rumours. It went up to 555p before the last ex-dividend. Dropped back below 500p subsequently. The pattern is there. It may change but there's little evidence of that right now. Being hopeful is the cross all share investors bear.

Generally goes to 550p+ just before ex-dividend. Then drops back after ex-dividend. So 550p is an easy prediction by mid to late September.

The BoE can not change interest rates just before an election. They can not be seen to be influencing voters. They will have to wait till August now.

It was straight after the redemption RNS.

I see blackfriars has flamed me as I stated the incorrect pension company having issues. Both Standard Life and Equitable Life have had issues. I stated the wrong one in this case. I apologise. I have been suitably chastised. 🙄 However the point still stands. Banks and pensions companies can not be allowed to fail and the government will more likely sort out any extreme issues with them. Mobile phone companies are unlikely to experience the same concern. Phoenix is a major pensions company.

Vodaphone is a mobile phone company. Phoenix is a major pensions and finance company. There's a big difference. We've had one pensions company going under, Standard Life, and the rescuing of that went up to government level. Vodaphone would just fail. There are many mobile phone companies. Pensions companies are rather more important. Many have to rely on them for their pensions. I do. They are also financial experts. Vodaphone purport to be experts in mobile phones. Some may disagree.

If you are looking for income switching from Barclays and Nat West to Phoenix looks like a good idea. I've not been monitoring Barclays or Nat West but I don't think they pay as well as Phoenix dividends. The lower the price you pay the higher the return. Seems obvious to me but then I'm not you.

Oversold or not. It hasn't stopped the SP from sliding down again today, strangely. There must be some desperate for cash. Can't be any other reason. 🤔

Interesting how underweight from Barclays and shorting from others act to force the price down. It's almost like they are looking for a cheaper price to but back in at. Last September Barclays were overweight and very happy with Phoenix. Nothing has changed with the company. 🤔 Meantime the dividend is well covered and very good at this price.

Thanks.

Can't see an ex dividend date yet. Might have missed it.

I understand they had previously set a target increase of 5%.

It's certainly recovering and the usual doom laden suspects have disappeared.

146 million.

Keep digging Porsche. Soon the hole will fill up with water and you may just get drowned out.

Just watched an interview with John Cleese. He remarked at how he's now realised how important 'luck' is in our lives. People think they are a financial wizz when they've just been lucky. So many times I've made decisions which were right for the circumstances at the time but then changed when circumstances changed. Covid, war in Ukraine, Gaza. All change the investing climate and you're just lucky if you benefit from any of them.

Dividends coverage is based on the ability of a company to pay the dividend. The SP has no bearing on it. The only connection is if the SP falls because the company's finances are in difficulty. Then the dividend coverage can become difficult. That's not the case with PHNX, according to their CEO.

Institutions follow their company policy and will often automatically reinvest as PHNX is a high dividend return investment and institutions will manage funds for income or capital gain. PHNX will fall into the income group.

A thought: With most of the shares being held by institutions it may well be likely they will reinvest the dividend. In which case there may well be a significant up tick next week?