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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phoenix Group Holdings Plc | PHNX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.60 | 1.12% | 504.00 | 15:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 502.50 | 498.40 | 506.00 | 498.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 12/11/2024 09:36 by stun12 When looking at the multi-year performance, it should be noted that there were two heavily discounted rights issues which returned money to shareholders if they took up their rights or sold them in the open market. The share count was thus increased, but investors were paid for the dilution. |
Posted at 07/11/2024 08:47 by scruff1 jubberjimtotally agree. The conclusion that its taken me far too long to arrive at is that the market is currently the preserve of out and out gamblers or Buffet grade investors - and I am neither. Currently I will not be reinvesting dividends - they will remain as cash and I will certainly not be adding any extra funds. Any stocks not returning yields of 6% plus I will be looking to unload though even that in the current climate is not that attractive. All in all its a bit of a bloody mess. |
Posted at 07/11/2024 07:19 by masurenguy Is Berkshire Hathaway’s record cash pile telling investors to be cautious?On 2 November Warren Buffett stated that the Omaha Nebraska-based company sold $36bn of its share portfolio in the third quarter, pushing its cash pile to a record $325.2bn. This means cash now represents just over a third of Berkshire’s market capitalisation. While it may provide a defensive buffer against market volatility, it is over 10 x the tactical cash position which Buffett has held historically. Last quarter marks the eighth consecutive period of net stock sales including another 100m of Apple shares, representing a cumulative 600m Apple shares sold in 2024, with the remaining stake worth around $70bn. These actions might suggest Buffett is preparing for tough times ahead and following his own advice of ‘becoming fearful when others are being greedy’. Adding weight to this view is the fact Berkshire has also halted share buybacks for the first time in 2024. Buffett believes it only makes sense to conduct share buybacks when the shares are trading at a discount to his estimate of intrinsic value. Berkshire shares are up around 23% so far in 2024, outperforming the S&P 500 index and taking the market value of the company to over a trillion dollars for the first time. Buffett does not try to forecast the short-term direction of the stock market, but he has in the past referred to a long-term indicator he describes as ‘probably the best single measure of where valuations stand at any given moment’. The calculation involves dividing the total market value of all publicly quoted stocks by GDP. This measure is equivalent to a price to sales ratio for a company. The indicator, which is sometimes referred to as the Buffett Indicator has identified prior peaks such as the technology bubble of the late 1990s. The reading as of 30 August 2024 was a record 209% (the market value of all stocks is 2.1 times US GDP) suggesting US stocks are trading 68% above their long-term trend line. |
Posted at 03/11/2024 21:49 by scruff1 'believe that investors have responsibilities to society as well as rights'Thats novel. Never be allowed to become affiliated to the TUC with that attitude !!! Interesting though Aleman. |
Posted at 31/10/2024 09:12 by alotto It takes days with Barclays usually, so I wouldn't complain too much.Why the yield is so high for phoenix? Are investors put off by anything I cannot spot in the company financials? |
Posted at 30/10/2024 19:15 by scruff1 Investors in the LSE maybe. Definitely not so those invested in their own business. Politicians haven't a clue (they cheered the 1p drop in a pint). |
Posted at 30/10/2024 17:51 by pander45 Today was a good result for investors. Could have been much much worse. |
Posted at 25/10/2024 06:58 by jubberjim My only worry with Phnx et al is that investors will look at yesterdays action in Abdn(a company not entirely distanced from Phnx) and that we might follow a similar pattern at least in the few days remaining until we know the Governments plans.Not much we as investors can do but get the worry beads, rosary beads and prayer mats out and hope she (Reeves) doesn't throw a spanner in the works. The job and all the attendant difficulties is not helped by the moronic Bailey at the Bank of England. Good luck over the next 10 days. The countdown has begun |
Posted at 25/8/2024 15:46 by kenmitch A lot of small investors make the big mistake of only seeing one side of the investment case….i.e the plus case. Hence their extreme confidence they are right, even when holding early stage high risk shares.ADVFN threads on early stage high risk shares can see dozens of posts a day, all positive, on that high risk share and with any negative comment seeing immediate criticism.Don’t investors who check out negatives and positives and then decide have a much higher chance of investing successfully? It’s the same (except for it not affecting our wealth) with the plus and minus case for Brexit and the merits or otherwise of Conservative and Labour Governments. Those with closed minds see only the plus or minus case. Those with open minds realise that there are Brexit benefits and disadvantages. They also realise that the same applies with our Governments. Both Labour and Conservative Governments make terrible and very good decisions. Both Labour and Conservative Governments have Ministers ranging from good to bad, and sometimes very good to very bad. If anyone reading this fits the closed mind category (and is about to hit the down button deciding everything in this post is rubbish) check out first your own investment performance. Do you outperform or underperform the UK market? Or has only seeing the plus case for the investments in your portfolio in the same way you only see Brexit and Labour negatives, lead to holding too many losers? As for Phoenix ….fwiw 10% is 10% a year from dividends an ok return even without any capital gain? |
Posted at 14/5/2024 07:21 by richie1218 an article I came across yesterday may not mean much but thought I'd post for a bit of lite reading while we await the info on future strategy from Phoenix ..Schroders Capital to launch a UK venture and growth LTAF with £300 million awarded by the British Business Bank and Phoenix Group 06/03/2024 Schroders Capital, Schroders’ specialist private markets investment division, today announces it intends to launch a UK venture and growth Long-Term Asset Fund (LTAF), subject to regulatory approval, seeded with a cornerstone investment of £300 million and open to third party investors. The firm has been awarded £150 million by the British Business Bank (BBB) to invest into UK science and tech companies, as part of the UK Government’s Long-term Investment for Technology and Science (LIFTS) initiative. This will be matched by Phoenix Group, the UK’s largest long-term savings and retirement business. Both awards are subject to ongoing commercial discussions and the internal governance processes of all involved parties. The LTAF will aim to stimulate the UK venture capital ecosystem by mobilising institutional investment into UK technology and life science companies. It will seek to provide institutional investors with opportunities to invest long-term, through private markets as well as public, into early-stage growth businesses. It has the potential to realise significant value for both investors and for the UK economy. Peter Harrison, Group Chief Executive, Schroders, said: “It is a privilege to have been selected by the BBB to invest these assets into the UK’s leading science and tech start-ups enabling a broader pool of UK investors to benefit from the returns these assets can deliver. “The UK is one of the most innovative countries in the world, punching above its weight in many sectors, including science and technology innovation. This is why it’s critical we increase investment into these sectors to develop the skills and culture that will benefit savers today and in the future. “A UK venture and growth LTAF will act as a catalyst to unlock institutional investment, particularly from UK defined contribution pension schemes, and increase the supply of capital to UK technology and science start-ups. This initiative will ultimately strengthen UK economic growth and reinforce the UK’s position as the natural home for fast-growing companies. We’re delighted to partner with both the BBB and Phoenix Group to deliver this and open the opportunity to even more investors.” Andy Briggs, Chief Executive Officer, Phoenix Group, said: “Our successful bids into the LIFTS initiative, subject to internal governance processes, is testament to our continued commitment to give our customers access to the potential returns of a broader range of assets, in line with their international counterparts. Currently, the UK is significantly behind comparable international markets who typically invest 23% of their pensions in private market assets, compared to 9% in the UK. “Working in partnership with Schroders and BBB, will give us the opportunity to provide stable, patient capital to the UK’s most innovative businesses to accelerate their growth, whilst delivering potential higher returns to our customers. We will continue to work with all stakeholders to deliver a successful outcome that has customers at its core.” Last year, Schroders was the first asset manager to launch a Long-Term Asset Fund (LTAF), Climate+, designed to enable UK investors, with longer-term horizons, to invest in illiquid and private assets. It built on this last month with the launch of its second LTAF, Renewables+. Schroders has also been a key supporter of the UK’s Capital Markets Industry Taskforce (CMIT), an industry-led group which supports wider UK regulatory reform designed to reinforce the strength of the UK’s capital markets. With $84.4 billion of assets under management*, Schroders Capital provides investors with access to a broad range of private markets investment opportunities across the likes of real estate, private equity and infrastructure. It has previously been appointed by Nest, the UK’s largest workplace pension scheme, as well as the Wales Pension Partnership, to run significant private equity mandates in recent years. |
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