Member Info for stockdale

Point taken Meco. I was just simplifying the situation. It is, of course, far more complex. It's just that Porsche was guessing and catastrophising on minimal evidence. In fact he presented no evidence.

For Porsche's information the current SP is entirely down to the geopolitics. He and Toff seem to appear to deride us all for our stupidity when the SP drops. They disappear when the SP recovers. Sad cases. Who would go on to a forum to abuse others of their investment? Obviously them.

Government Gilts are the usual safe haven. Gold is just another example where money can be placed, not gain, but not lose.

My point is that all have risk. Even the 2008 banking collapse shows money in the bank isn't actually safe. Relying on the government to guarantee an amount in an account isn't much when the government runs out of money.

A well run pensions and insurance company has to be a good bet when they provide a dividend well within their means.

So I'm not sure why the recent crisis in Gaza should mean everyone pulling their money out of a company like PHNX. But that is how the market seems to work.

It will recover within weeks or days.

There's nothing wrong with the fundamentals. At times of crisis money moves into safe investments. Maybe government gilts? What if governments have issues for those gilts? Gold? Is it really all that safe? Maybe a share with a 12% annual return is a pretty safe bet?

So it could drop even further? Or is PHNX at bottom already after the recent drop? That is the question.

Now should be a good time to buy. On Monday the dividend money is paid out and many reinvest their dividends. Some elect to do so automatically through their broker. Therefore it's likely the SP will rise next week. This is even more likely when it's realised how good the value is right now. The annual dividend return is approaching 12%, especially with the 5% dividend increase next year taken into account.

I think you're right Popeye. Just needs a bit of spinach.

Closing shorts normally results in a rise in the SP.

I really can not understand why anyone would bother to write such drivel as Porsche has when invested in this share. If he doesn't believe in it then why invest in it? If he's not invested then why bother to search out random forums to spout bile?

PHNX is a good company. It's just gone ex dividend with the corresponding drop in the SP along with a change in accounting procedure allowing Walter Mittys to attack the share.

It would be a joke except for the abuse and bile.

Nicknaim,

Indeed. PHNX and LGEN are in the same group of companies yet PHNX is the one getting hit. Maybe there are chinks in their amour with the new accountancy procedures that can be manipulated by shorters but it would seem many companies use the same procedures. I can only see this attack ending shortly as common sense returns. Many do reinvest their dividends and it will probably be at a good price. I see no reason for future dividends to be cut and so the % annual return will only increase.

If what Toff says is true then he's probably a very disgruntled investor who got in at 623p and is just releasing his bile on a forum.

Nicknaim,

The proof is in the share dropping. Why would the share of a perfectly good company drop so harshly? It's not the individuals working alone who come onto forums. It's the individuals working for the investment management companies, with their financial clout and expertise, that collectively push the SP down.

The direct question. Might work. But why would anyone be bothered to come on here and inform us all that this is going down unless that is what they want? Shorters achieve their target by the share dropping. Some of them scare people by frightening them into selling. Toff's long post will do that to some. Some will also sell thinking they can come back in at a cheaper price. Amounts to the same thing. Companies and employees of those companies get damaged by shorters.

Toff is shorting it even further and really shouldn't post late at night when he's had a few drinks. For some reason LSE asterisks a very mild word meaning drunk.

toff is ****ed again. in so many ways.

Your spelling is not the first thing that comes to mind.

So Toff and others appear again when the SP drops again and insult our intelligence for investing in such a share.

I've been questioned as to why they are shorters. Why else would anyone come on to a forum to ridicule the investment that others may wish to make? Personally I don't bother with shares I'm not involved with. So they are involved and wish to abuse us all of our investment.

If they think PNX is a 'dog' (or worse) they should really try many AIM shares. PHNX is a sensible, stable company with a good financial position. It's just the change in the accountancy system being latched onto with a Standard Life pensioner's accountant husband criticising the system when the experts chose to use it. So some investors panic, sell shares and the SP drops fulfilling the shorters wish. As soon as this rises again they will disappear again.

Shorters see weakness in the share because of the accountancy changes, latch onto that with doom laden predictions and the unwary sell in a panic.

The company can afford the dividend and is predicting a 5% increase next year. That would be 27.3p pay out twice a year. 54.6p annually. Buying in now locks in a 12% annual return. Where else can you get that income return?

Using future earnings in accountancy may not be to everyone's taste but it isn't "just an invention" if the predictions are valid.

The Times article has one concerned person who appears to be an accountant and husband of a Standard Life pension owner who doesn't like the new accountancy system. We're supposed to accept that as evidence that it's no good? Major companies like Phoenix use such a system with their high powered experts and we are supposed to accept the view of a disgruntled Standard Life pensioner?

At the current SP and the predicted 5% dividend increase next year the annual dividend would exceed 11%. Reinvesting the dividend is clearly a good option.

If shorters are closing the SP will rise with that. It should certainly return to where it was around 525p and above, and quite quickly.