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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
|
|
|---|---|---|---|---|
| -3.40 | -0.70% | 481.80 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 485.00 | 479.80 | 489.40 | 481.80 | 485.20 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 20/4/2024 09:46 by meanreverter The fund-management sector, as a whole, looks bonkers cheap at present. However, there are traps for the unwary here. I did consider JUP a while back. In hindsight, I'm jolly glad that I resisted the temptation of the trailing yield at 10% or 15% (even touching 19% at one point), which soon became a forward yield of under 4%. Now the dividend payout has begun to recover, perhaps the bell for the bottom of JUP's share price really has rung, with the trailing yield just under 8%.On the whole, I prefer fund managers (e.g. MNG, CSN, PHNX) that offer products which add value for clients, such as pensions and insurance. Products that amount to just a collective form of savings are readily sold by investors who can reinvest proceeds in an index fund with minimal charges (e.g. Vanguard) which will outperform almost all actively managed funds in the long run. |
Posted at 19/4/2024 12:49 by kenmitch The dividend data site is THE go to site for accurate dividend information. And they update as soon as a dividend is announced. Here’s the page for PHNX and in it is a link for the historic record of Phoenix’s dividends. Note that they have INCREASED the annual dividend every year since 2015!The dividend yield is about 11% and that’s a decent return even without any share price gains. AND if the share price falls that’s a good opportunity for top ups to get an even bigger dividend yield, especially as there’s a high chance they will continue to increase the annual dividend. Posters who think buybacks are the solution perhaps still don’t realise that buybacks make it easy for SELLERS as they’ve got a willing buyer of their shares. I.e Phoenix. And lots of selling doesn’t help the share price. PHNX is getting it right imo. Those who disagree have the obvious option …SELL!! It’s strange how posters moan about shares they hold instead of selling and moving on to shares where they are happy with Management AND have confidence in the Companies they hold. We surely want portfolios we are happy with? I’m very happy with Phoenix. It’s NOT the fault of Management that the share price performance has been so dismal. The same applies to so many UK shares, including others paying huge dividends and buying back heavily. The key reason UK shares are so unloved is Pension Funds refusing to invest in the UK. If that changes (perhaps via effective Government incentives to pension funds and other big investors to invest in the UK) then shares like Phoenix, MNG, LGEN, AV. etc etc will go up a lot…..and will bring dividend yields back to more normal levels as a result. Meanwhile just enjoy the huge dividends and look, as I have now, to have a portfolio FULL of very big dividend paying shares and Investment Trusts. |
Posted at 19/4/2024 09:29 by yump Someone mentioned MNG also taken a disproportionate hit, so its not necessarily company specific.I see advfn numpties around in volume. If you’re an income investor posting on an income stock, that your capital has just been eroded, based on a week’s movement, then either: 1. You’re just posting because you’ve got nothing better to do and just having a moan. 2. You’re an idiot with no strategy 3. You’re a trader not an income investor. If you’re a trader make the most of it. |
Posted at 19/4/2024 07:57 by montyhedge Don't forget analysts are there to generate commission fees, get investors buying and selling, couple days before Barclays target, who said 570p target. I don't take much notice of analysts, just collecting a near 11% yield, way above inflation tax free in ISA. Got to make up your own mind. |
Posted at 18/4/2024 12:27 by jubberjim Stop fretting enjoy the returnDividend gets paid in few weeks time time enough to top up as and when funds available The dealers and investors have changed their tune in little under a week Ignore and collect dividends as they are paid still 6 months before next divi starts the game again I bought 20 pence better than I set out at 504.5 originally Market choking itself . Stay aloof and solvent. 10.73 % What's not to like Good luck |
Posted at 18/4/2024 12:21 by fenners66 WE would prefer them .The retail investors that use the income. But in that respect we are pretty much irrelevant. For small companies / REITs or whatever , they probably have directors with lots of shares , who run the company and are in line (like retail investors) to gain cash flow from dividends. Probably have small share registers and the added cost is less and if the directors are acting more like "private owners" their interests in cash flow may overide that bit of additional cost. Huge companies like Phoenix where the directors are well paid and have likely huge share options etc, may even have a reason to have shares become volatile so their share options can be "timed". But larger registers and more cost. If the current dividend payments cause or allow more volatility - then the institutions who hold most of the shares probably love it , gives them more opportunity. But the question is - what is in it for the company to pay more often ? We sometimes look at these investments from OUR perspective - we are co owners so we should be catered for. I think we get catered for but only as a secondary or collateral concern |
Posted at 18/4/2024 10:24 by montyhedge Investors who rely on an income stream, like quarterly especially tax free in an isa. |
Posted at 18/4/2024 09:05 by montyhedge Some big trades are the bears closing. I wish they would pay dividend quarterly, like GSK, HSBC, Bats, Unilever. I think if they did shareprice would be 550p I wonder why they don't, unless some technical reason. Does anyone know?Investors love quarterly dividends, especially 10% yield. |
Posted at 16/3/2024 19:44 by advfndean Una / RongetsrichWhat exactly do you define as being a dividend pool - if not excess capital? The co. has spare cash; it has no need of further R&D, it cannot see any suitable acquisitions, its management / running costs are known / fixed, the remuneration team / investors have indictaed that the BOD receive enough remuneration as is, it is earning regular profits so the cash pile will only grow. That pile is owed to the shareholders - irrespective of how relatively small each shareholders proportion actually is. To whom else does that money belong? Hopefully not the BOD to do with as they wish. Co. prospectus and memorandi will dictate what can and cannot be done with that money - unfortunately that does leave most co.s able to perform BB's - that doesn't mean that it is in shareholders interests or is universally liked by investors (a straw poll on this thread found the majority did not support BBs). As you say, the only way to overturn the BODs abilty to have BB's is to vote - what chance does the PI have in such circumstances - thin to none. Doesn't mean to say that BB's are in the best interests of investors, particularly the PI's - it is unfortunately merely a reflection of accepted co. protocol. |
Posted at 02/10/2023 19:13 by muscletrade From II websiteIncome investors circling the 10% yielding Phoenix Group Holdings PHNX 2.07% have been joined by directors of the Standard Life owner after they made insider purchases totalling £190,000. An investment of £100,000 connected to chief executive Andy Briggs led the way, while chair Alastair Barbour spent £40,000 and two non-executives committed £25,000 each. Invest with ii: Top UK Shares | How to Start Trading Stocks | Open a Trading Account Their moves, which took place on Thursday and Friday, were priced between 473p and 478p after shares began trading without the value of the forthcoming interim dividend of 26p. That payout worth a total of £260 million represents a 5% rise on a year earlier, and as we reported last week, is due to land in shareholder accounts on 23 October. The company is the UK’s largest long-term savings and retirement business, managing £269 billion of assets on behalf of about 12 million customers. The outlook for future dividend payments was boosted last month when results showed new business written in the first half of the year is set to generate £885 million of cash over its lifetime, double that written in the same period last year. Analysts at Bank of America said the figure was 55% higher than it had expected and 71% ahead of the City consensus. The upside surprise means Phoenix has already met its full-year threshold of £800 million new business long-term cash generation to offset the run-off of its back book and support dividend growth. As well as being on track to achieve overall cash generation at the upper end of management’s targeted £1.3-£1.4 billion range, there was also encouragement that Phoenix has £800 million of debt capacity for deal-making activity. Sun Life of Canada UK was bought for £250 million in April and has seen good initial progress with £46 million of cash generation remitted within the first three months, equating to 20% of the purchase price. Bank of America added last month: “M&A can generate value for Phoenix and it stands ready with firepower for more deals today. However, after few deals in the past three years, we think investors are impatient and increasingly sceptical on M&A upside.” The bank recently disclosed a target price of 620p, while counterparts UBS highlighted 580p after reviewing last week’s supplementary release of half-year figures based on IFRS 17. Under this newly implemented accounting standard, total profit is unchanged over the lifetime of a contract but the timing of when profit emerges is different. There’s no impact on the company’s strategy or dividend and it continues to focus on delivering cash and capital. UBS said the main investor concern in relation to IFRS 17 earnings appeared to be that recurring group losses will mean that Phoenix does not cover its dividend cost, leading to a structurally increasing debt ratio. However, the bank’s note references the company’s comments that IFRS17 does not impact Phoenix's dividend policy given its focus on delivering cash generation. UBS added: “Phoenix screens cheap with a 10%+ dividend yield and we remain Buy rated.” It’s a view shared by interactive investor customers after Phoenix ranked as Friday morning’s second most traded stock on our platform, 95% of which were “buy” orders. |
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