Phoenix Share Discussion Threads

[jubberjim] 08/10/2024 14:34

UBS

Are talking through their hat

This produces 10.25% at these levels but such is the nervousness gripping the markets that it goes under the radar.

Until the markets get a grip I will continue to sit and sulk and do nothing

Be good all

[fenners66] 07/10/2024 12:15

Don't forget Sue Gray's Envoy non-job on £170k....
They don't say she took a pay cut to move. Thinking about it, she probably got a pay rise...

[badgal] 07/10/2024 10:20

It was mentioned earlier in the year…. insolvency issues? Potential take over?

[shbgetreal] 07/10/2024 09:54

Anything those charlatans downgrade goes straight to the top of my 'potential adds' list.

Investment banks and their 'analysts' - lol.

[mcunliffe1] 07/10/2024 09:28

My wife received a £30 increase in her tax coding when she worked for a estate agency company. This was to cover her costs in respect of cleaning her uniform. The uniform was provided by the estate agency but no cleaning regime.

Now, perhaps 30 years after leaving the employ, that increased tax code still sits on her record.

Joe Say: the report explained that teachers are often paid over £50,000 (heads, deputy heads, etc etc) and the unions felt it would be unfair to penalise public employees who have provided a lifetime of service to the state. I mentioned the employer contribution by way of ameliorating the 'pain' that could be felt by such selfless toilers for the state.

[jubberjim] 07/10/2024 09:12

I would imagine tax relief on dry cleaning should be high on the agenda.

That can apply from the highest in the land to the lowest of the low.

No excuses for the self entitled few

[joe say] 07/10/2024 09:04

But employers contributions would be irrelevant surely?

All that counts is what the EE contributes.

[mcunliffe1] 07/10/2024 08:53

The Mail today reports that the unions have advised Rachel to avoid hitting pensions in respect of the flat-line tax relief.

They say it would unduly affect public sector workers as many teachers etc. earn over the £50,000 figure mentioned and they would be in for a £1,000 tax bill.

I suppose such is the perils associated with over 28% 'employer' (us taxpayers) contribution towards a teachers salary.

[jubberjim] 07/10/2024 08:43

Think maybe fed up as am I with the inertia currently enveloping the FTSE until Rachel Reeves has her say .

Lethargy rules

[cumnor] 06/10/2024 23:29

And this from a company (thanks to CS) about to be declared insolvent within 6 months-wait and see.

[gbh2] 06/10/2024 19:11

UBS has downgraded shares in Phoenix Group Holdings PLC (LSE:PHNX) saying the "risk-reward" equation is now "balanced".

In a short note to clients, it moved its recommendation to 'neutral' from 'buy' with a target price of 530p, down from 610p.

"Low solvency and high leverage remain risks to investment case," UBS said. "However, [the] payout ratio and falling IFRS equity risks remain overdone."

Published: 4 Oct 2024

[growthpotential] 04/10/2024 18:01

UBS downgrade on solvency(?) wowzers

[lord gnome] 04/10/2024 17:51

Bad for the economy but ultimately good for the planet.

[netcurtains] 04/10/2024 17:28

Both the Ukraine war and the Israeli war will not end they just fade away from time to time
The big economic problem is the global collapse of the birth rate - too many old people and not enough workers...
There is no solution.

Oh well.

[jubberjim] 04/10/2024 16:32

This may seem off topic but is relevant

Way way back when the Iraq war kicked off Fred Goodman of Intasun had started an airline after (Freddie Laker) Europe Air.

The war took that down along with Intasun

People stopped flying

Everything went to hell in a basket in next to no time

So I will continue to stay in cash and listen to my inner demons which are telling me to avoid for time being the riches? On offer????

Have a good weekend everyone.

Interesting report from BBC as to the lead up to the current crisis.

And I couldn't t agree more.

Be safe and stay solvent

[netcurtains] 04/10/2024 16:02

Interesting

[adejuk] 04/10/2024 15:36

net
i have lived through so many mideast crises - as you have
a regional war is not on
too many global financial interests involved
i lived through 1972 and couldn't sleep even after having lived through the cuban missile crisis.
where have all the flowers gone?
not from nuclear war but a burning earth.
so glad i won't be around to see it
sometimes malthusian perspectives are correct.

[netcurtains] 04/10/2024 15:01

I bought a few more...
I think fall might have been over done...
But if not I still get 10% dividend...
I cant see it falling another 10% (touchwood) so I win 😀