Phoenix Share Discussion Threads

[davethehorse] 24/4/2024 18:52

Not much though lol.....and getting worse.....

[schofip] 24/4/2024 17:26

MCunliffe. I knew there must be something good about living in the UK. Lol

[davethehorse] 24/4/2024 16:40

UT trade tells you everything...

[porous lover] 24/4/2024 16:40

A falling tides sinks all ships!

[mcunliffe1] 24/4/2024 16:19

schofip - not in the US you haven't got a 50% chance. They have a ZERO and a DOUBLE-ZERO both fail irrespective of your Red or Black choice, your Even or Odd or 1-18 or 19-36 choice.

Europe only have one zero so slightly better to play in Europe.

[montyhedge] 24/4/2024 16:12

If the FTSE 100 falls big time, the good, bad and ugly all get hit.

[schofip] 24/4/2024 16:09

You are better off on a roulette table. At least you have a 50% chance of success.

[cassini] 24/4/2024 15:37

The US 10 Year Treasury yield is hitting 4.66%. The market sets longer duration bond prices and the market currently wants higher compensation (yield) for the perceived risk going forward. It's instructive to keep an eye on this rate if it edges nearer to 5%, it signals stress in the debt market.

This is not positive for stocks, high yielders tend to drop in price when interest rates rise, to compensate for higher yields in bonds.

It's already looking more doubtful that the US will cut rates this year, although the Federal Reserve has cornered itself so it's damned if it does and damned if it doesn't.

This will probably weigh heavily on stocks like PHNX. On the other hand it makes PHNX cheap to buy...

[mylands] 24/4/2024 14:45

The rise of the past couple of days is rapidly being eroded.

I was sucked into believing this would break through 500p, but it's not going to yet.

[montyhedge] 24/4/2024 14:42

Only sold 25% of my Phoenix to go into Bats, just to get an extra dividend in with Bats.Of course if FTSE 100 as a downturn, if the old adage sell in May comes right this year, everything gets hit, the good, bad and ugly.

[porous lover] 24/4/2024 11:57

Monty

Agree re BATS - i bought in when it dropped sub-£23. Far too few FTSE100 stocks are fairly rated

[netcurtains] 24/4/2024 09:50

I took the reverse view (as an experiment) - I bought some ex-dividend as someone worked out the percentages... Its just over 50% chance that you make more money buying ex-dividend compared to before ex-dividend.

[montyhedge] 24/4/2024 09:37

It's great but next dividend due in 6 months, that's why I sold some, put in Bats.

[porous lover] 24/4/2024 08:54

Tornado

Agreed. At sub-500p and >10% sustainable yield these are attractive. Just need a re-rating - AV. is getting there.

[tornado12] 24/4/2024 06:34

Another strong opening on the cards today. Not sure exactly why the FTSE has turned so bullish. Quite typical before the divi reinvest season starts. These are still a good price even at 550p so are on my radar for topup . Just hoping market does not run away until then .. GLA

[jubberjim] 23/4/2024 16:22

Monty ????

Oh ye of little faith !

[montyhedge] 23/4/2024 11:19

Got a nice profit with the 26.65p dividend on top, I think may sell a few above 490p and put into Bats, just feel more chance of shareprice growth, with a high dividend. But will only sell 25% of my Phoenix shares.

[netcurtains] 23/4/2024 11:09

So far out of my three purchases this morning

NAT WEST best...
PHOENIX OK....
ITV struggling....

So really its been a bit like chucking darts...
But early days.

[2wild] 23/4/2024 09:34

Even after today's rise to 490p his lower target still forecasting a 32% increase.

[montyhedge] 23/4/2024 09:12

Another cut for target price, wonder why with a buy recommendation.

[davethehorse] 23/4/2024 09:04

Huge opportunity to buy cheap here....wont last imo....

[skinny] 23/4/2024 08:49

Thanks Masurenguy.

[gbh2] 23/4/2024 08:46

Shocking share price performance, despite its attractive dividend.

[netcurtains] 23/4/2024 08:31

OK I bought a tiny few...
Still a bit unsure but probably worth a bit of a punt..