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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Phoenix Group Holdings Plc | LSE:PHNX | London | Ordinary Share | GB00BGXQNP29 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -8.80 | -1.82% | 476.00 | 5,233,784 | 16:35:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 479.80 | 480.00 | 486.60 | 478.80 | 480.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Life Insurance | 22.81B | -116M | -0.1159 | -41.42 | 4.81B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:28:33 | O | 1,100 | 484.634 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/4/2024 | 15:25 | ALNC |  IN THE KNOW: Barclays double-downgrades Phoenix Group to 'underweight' |
| 12/4/2024 | 16:41 | UK RNS | Phoenix Group Holdings PLC Supplemental Circular to the 2024 Notice of AGM |
| 10/4/2024 | 09:43 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
| 09/4/2024 | 08:33 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
| 08/4/2024 | 14:15 | UK RNS | Phoenix Group Holdings PLC Notice of AGM |
| 05/4/2024 | 16:06 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
| 03/4/2024 | 13:02 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
| 02/4/2024 | 17:26 | UK RNS | Phoenix Group Holdings PLC Total Voting Rights |
| 02/4/2024 | 16:45 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
| 28/3/2024 | 17:40 | UK RNS | Phoenix Group Holdings PLC Director/PDMR Shareholding |
Phoenix (PHNX) Share Charts1 Year Phoenix Chart |
|
1 Month Phoenix Chart |
Intraday Phoenix Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/4/2024 | 23:50 | ::: PHOENIX GROUP ::: [Moderated] | 3,491 |
| 12/12/2023 | 10:02 | The Phoenix Group PLC | 171 |
| 24/7/2023 | 13:46 | PHOENIX GROUP ::::::::: Zombie Fund | 6,827 |
| 02/3/2016 | 16:56 | Phoenix Group latest news and comments | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-17 17:28:33 | 484.63 | 1,100 | 5,330.97 | O |
| 2024-04-17 17:10:55 | 483.00 | 271 | 1,308.93 | O |
| 2024-04-17 17:10:55 | 483.00 | 28,476 | 137,538.51 | O |
| 2024-04-17 17:09:11 | 482.49 | 3,825 | 18,455.36 | O |
| 2024-04-17 17:09:11 | 481.75 | 5,330 | 25,677.12 | O |
| Top Posts |
|---|
Posted at 17/4/2024 09:20 by Phoenix Daily Update Phoenix Group Holdings Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PHNX. The last closing price for Phoenix was 484.80p.Phoenix currently has 1,001,100,000 shares in issue. The market capitalisation of Phoenix is £4,805,280,000. Phoenix has a price to earnings ratio (PE ratio) of -41.42. This morning PHNX shares opened at 480.60p |
Posted at 04/4/2024 20:26 by garrymon Here is my attempt at valuing PHNX. I’ve used Operating Cash Generation minus costs, rather than IFRS profits as cash is what counts in the end. It’s also the metric that the company is focusing on.Total operating cash to be generated 2024-26: 4.4bn Total non-operating costs 2024-26: 1.2bn ie about 400m pa including debt interest Cash available for dividends, debt reduction, investment in growth etc: 3.2bn or 1.07bn pa Lots of growth opportunities available at IRRs of 15%+ so decent chance the non-dividend cash (about 50% of the total) is not wasted by management. CEO expects Operating Cash Generation to grow by mid-single digits post 2026. Assume it grows at 5% for 5 years until BPA boom fades out and then falls at 8% pa every year thereafter as cashflows run off - I think an 8% rate of decline is pretty conservative. Discounting these cashflows at 10% gives a share price of about 890p. Discounting at 12% takes the share price down to 790p. To get to the current share price of 550p you need to discount by 19%. As Kirkie001 pointed out in a previous post, there are risks around the execution of the investment into annuities. There is also credit and longevity risk but, at the current share price, PHNX seems to pay you very well for taking on those risks. |
Posted at 02/4/2024 11:54 by richie1218 FTSE 100 insurer Phoenix Group Holdings (LSE: PHNX) recently raised its annual dividend to 52.65p a share, from 2022’s 50.8p. This gives a yield on the current £5.50 share price of 9.6%.It remains one of the very few shares in the leading index that pays an annual return of over 9%. By comparison, the average current yield of the FTSE 100 is 3.8%. So, £10,000 invested now in Phoenix Group would make me £960 this year in dividends. If the yield averaged the same over 10 years, then I would make £9,600 to add to my £10,000 investment. Crucially however, if I reinvested those dividends back into the stock, I could make an additional £16,017 instead! This would give me £26,017 in total, paying me £2,373 a year in dividends, or £198 a month. Over 30 years on an average 9.6% yield, I would potentially have £176,113, paying me £16,060 a year, or £1,338 a month! Is the high yield sustainable? In 2023, Phoenix Group built a cash pile of over £2bn, exceeding its already-upgraded target of £1.8bn. New business long-term cash generation was just over £1.5bn, achieving its 2025 target two years early. This should allow it to keep paying high dividends in the coming years. It should also be a major engine for continued high growth. Last year saw its Pension and Savings business grow 27% compared to 2022, and new business net inflows jumped 72% to £6.7bn. The firm now expects operating cash generation to rise by around 25% to £1.4bn in 2026. It is also targeting a £900m IFRS-adjusted operating profit by that year. Consensus analysts’ expectations are for earnings to grow 41% a year to end-2026. Earnings per share are also expected to increase 54% a year to that point. One risk for Phoenix Group remains a new global financial crisis. Another is a deterioration in the recent major improvement in its hedging strategies for its capital position. However, both are somewhat mitigated by the huge cash war chest and by its continued high growth, in my view. Undervalued shares? Despite a recent rise in price after its strong 2023 results, the stock is still down 8% from its 12-month high. I think it now looks very undervalued against its peers. This means to me that there’s a reduced chance my dividend gains will be wiped out by share price losses, not that this can be guaranteed. Specifically, Phoenix Group trades at just 1.8 on the key price-to-book (P/B) measurement of stock value. This compares to a peer group average of 3.7. On the equally important price-to-sales (P/S) valuation, it also looks undervalued compared to its competitors. It trades at just 0.3 – the lowest in its peer group, the average valuation of which is 1.6. Will I buy more? I will be buying more Phoenix Group shares very shortly for the three key reasons analysed in depth above. But to reiterate, the very high yield looks to me like it will continue, generating significant passive income in the years to come. Plus I think the business shows all the signs of continuing to grow stronger. And despite the recent price rise, the stock still seems to be undervalued. |
Posted at 26/3/2024 07:26 by dpmcq Motley Fool UK 2024 -FTSE insurer Phoenix Group Holdings (LSE: PHNX) closed 9% higher on 22 March after releasing strong 2023 results. Even though yields fall as share prices rise, a dividend increase alongside its results means it is still giving a 10% return. It is one of the very few FTSE 100 stocks that give such a high payout on money invested in it. The stock only appeared on my radar screen last March, as financial stocks tumbled on fears of a new crisis. I hadn’t realised that the 10%-yielding company operated the giant insurance brands Standard Life and SunLife. I bought the shares then, and despite their recent price spike I’m considering buying more now. I’m not unduly bothered about buying stocks that have risen sharply in price. My only proviso is that they still offer significant value. The core business is growing stronger Its 2023 saw a 13% year-on-year rise in IFRS-adjusted operating profit before tax — to £617m. This was driven by a 27% increase in its Pension and Savings business. New business net fund flows also jumped – by 72% year on year to £6.7bn. Its post-tax IFRS-adjusted loss was £88m, compared to £245m the year before. This 64% reduction was the result of improved hedging of its capital position in less volatile markets. A reversal of this positive trend remains a risk for the stock. Another is a new global financial crisis. Both these are mitigated in my view by the huge cash pile built by the firm. This totalled just over £2bn in 2023, exceeding its already-upgraded target of £1.8bn. New business long-term cash generation was just over £1.5bn, achieving its 2025 target two years early. This huge cash war chest means the company should be able to keep paying high dividends with ease. It can also be a major driver for growth going forward. The firm now expects operating cash generation to rise by around 25% to £1.4bn in 2026. It is also targeting a £900m IFRS-adjusted operating profit by that year. Consensus analysts’ expectations are for earnings to grow 47% a year to end-2026. Earnings per share are also expected to increase 57% a year to that point. Is there still value in the shares? Just because a stock has risen in price, doesn’t mean it has no value left. It may simply be that the company is worth more than it was before. In fact, it might be worth even more than the current share price reflects. On the key price-to-book (P/B) measurement of stock value, it trades at just 1.8. This looks very good value compared to the peer group average of 3.7. The same can be said for its key price-to-sales (P/S) measurement as well. Phoenix Group currently trades at a P/S of just 0.3 – the lowest in its peer group, the average of which is 1.5. On both key measures there looks to be significant value left in the stock, despite the price rise. |
Posted at 24/3/2024 07:31 by ammons Might be of interest here, apologies if already posted.hxxps://uk.finance.y ================== New dividend policy sends the Phoenix Group share price up 10%. Time to buy? Phoenix Group Holdings (LSE: PHNX) just announced “strong full-year 2023 results and [a] new progressive dividend policy,“. As a result, the share price quickly jumped 10%. On 22 March, the company said its “vision is to be the UK’s leading retirement savings and income business.” To that end, we saw £1.5bn in new business cash from its Standard Life operation. That’s a new record. And it means Phoenix has hit its 2025 growth targets two years early. Share price The Phoenix Group share price is still down 20% in the past five years. So is it cheap? For me, the key with a stock like this is cash. Phoenix reported £2.024bn total cash generation for the year. That’s up from £1.504bn in the 2022 year. And it’s well ahead of the firm’s target of around £1.8bn. The board reckons it means a big boost to long-term cash generation. And hitting its 2025 cash target so far ahead of plan seems like great going. This is all ahead of analyst forecasts too. They already looked good to me, and we’ll have to wait to see how they’re updated now. Dividends CEO Andy Briggs told us that confidence in the firm’s strategy “is demonstrated by the new progressive and sustainable dividend policy we will operate going forward.“ The FY payout for 2023 rises to 52.65p per share. On the previous day’s close, that’s a huge 11.5% dividend yield. There were few details of the new dividend policy, other than that the board “expects the interim dividend to be in line with the previous year’s final dividend.“ The City had expected strong dividends for the next few years. And I think this adds a bit of confidence. No-brainer buy? With all this good news, and these rivers of cash we might expect in the coming years, are Phoenix shares a no-brainer buy for me now? Well, no, nothing is. The stock has been on my candidates list for a while. But I still see significant long-term risk. Phoenix stock, on earnings-based measures, doesn’t seem cheap. We’re looking at a forecast price-to-earnings (P/E) ratio of 65 for 2024. |
Posted at 22/3/2024 17:37 by mcunliffe1 Woodhawk22 Mar '24 - 15:55 - 3061 of 3066 0 1 1 Perhaps if he'd put miserly as "miserly" you would have got it? Doh. -------------------- Skipping past your rudeness (Doh!) the question still stands. If edmundshaw intends to sell shares in PHNX because they now stand him at a profit he will lose the (almost) 10% yield he's currently getting now. Ok, I appreciate that should the share price rise to, say, £6 then the yield 'drops' to 8.76% from the current 9.93%. The share price at £7 yields 7.52% I also appreciate es will be in profit on the share price itself. But where would he invest the proceeds to reap a better than 8.76% or 7.52%? I am assuming he is a divident income seeker. If he's a trader then my question becomes "Where do you see the best home for the sale proceeds for a recovery stock". |
Posted at 16/3/2024 12:36 by kenmitch Mcunliffe/unastubbsUnfortunatey I’ve lost my complete record of ABRDN’s buybacks but they’ve spent a LOT on them since starting with:- 2018 a £750 million buyback programme in when the share price was about £5. In 2019 they announced a big £1.75 BILLION buyback programme. Share price at year end £3.30 In 2020 they spent £400 million on buybacks.Share price at year end £2.82 2021 £300 million?? Not sure if this figure is correct. Share price at year end £2.490 2022 £300 million Share price at year end £1.90 2023 £300 million. Share price at year end £1.70 Since they started buybacks in 2018 the share price fall has been relentless and is now down over 70% to just 140p. Were the buybacks a waste of money? The above figures provide a clear answer! SO many commentators and bb posters trot out the convincing buyback theory without ever doing the obvious in checking whether and how often that theory works!! |
Posted at 16/3/2024 09:43 by mcunliffe1 Aleman: I remember that vote very well.30 against: 12 for. It's a considerably larger margin than the Brexit vote and both topics create a similar polar debate. I'm against. I'm invested in both LGEN and PHNX for the same, single reason. Dividend payout. I have said it many times before, the movement in the share price up or down is of little interest to me other than affording the opportunity to buy more when low in order to reduce my average cost of purchase. Even when they rise I'm uncertain if I would sell as to do so would deny me the very dividend I seek. So, in some respects the sine wave style movement of the share price can therefore be beneficial and wll the time I'm collecting the dividends. Now, look at ABDB (Aberdeen - abrdn); it's share price is mostly on a downwards trajectory but with occasional up-ticks. If you can catch those at the right times you can make a bit of money and whilst holding and awaiting the 'sale' time you may well catch their dividend. Whilst it remains. That's because abrdn have spend £300m in a share BB over the past couple of years and they've little free cash left even for the next div. which is, I believe, 7.3p Who knows what the share price would have been without the BB but we do know that abrdn would have had £300m more cash than they have now. Meanwhile, Rolls Royce is the complete opposite to LGEN and PHNX in my view. I recently bought three chunks of RR each at a higher share price than the previous. But it's a clear, rising trajectory and with no current dividend and one not in near sight. That's a growth stock for me and I couldn't care less if they blow my cash on a BB. They won't though - because they don't need to. Nor do LGEN or PHNX. ABDN did - and it appears not to have provided the desired result. |
Posted at 29/2/2024 07:37 by jubberjim Personally feel the hold back on the phnx share price is the overhanging shares with AbdnUntil that turns this will continue to languish Stj is not in the same markets but will have effect on Abdn and indirectly Phnx but expect more impact on HL. and AJB Matters are not helped by the announcement of Robin Hood Intentions to enter the fray More pressure Results coming apace over next month or so so will have a clearer view then Until then with the 52 pence total? dividend will look to add to my holding at 522 when it suits |
Posted at 28/2/2024 10:28 by 1jat ABDN not saying they are going to sell their PHNX stake (10%), they were big on how they monetized 4% last year….I expect they will need the cash / want to distribute to their shareholders at some point…. This may keep a l;id on PHNX share price in the short to medium term….for long term buyers that should mean PHNX can be acquired at slightly below long term rates. |
Posted at 14/2/2024 07:53 by jubberjim JonwigI have thought and have been sharing that particular view for some time that this might have been behind the decline in Phnx share price. This in turn has been overhanging the other shares in my particular basket of woes namely Aviva and Lgen. I can see no other reason for the decline in these particular shares bearing in mind the dividends on offer. Results are out later this month so hopefully we will get a clearer picture then. Good luck |
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