Phoenix Share Discussion Threads

[cestnous] 27/12/2024 11:28

A pathetic performance to date.

[my retirement fund] 24/12/2024 08:38

Feliz navidad, Prospero ano y Feliz Navidad!

[tag57] 20/12/2024 15:00

Or don’t play the MMs at their game just buy hold and reinvest dividends.

[2wild] 20/12/2024 13:59

Well you can sell before going Ex dividend and buy back when it has fallen twice a dividend amount. Thereby giving you a 20% return per year.

[renewed1] 20/12/2024 08:16

Well anything is possible but hats not what the board have guided.

[muffster] 20/12/2024 08:09

Good call but according to Simply Wall Street it's a 100 percent payout rate.Also negative earnings reported and analyst consensus for negative eps growth.May see dividend cut amid boardroom changes.

[renewed1] 20/12/2024 08:06

For the next 10 months its over 11%
Lovely!!

[this_is_me] 19/12/2024 22:43

The dividend is just over 10% (tax free in an ISA) and increasing slowly. Even if the share price goes down you are not going to loose money in the long term.

[jubberjim] 19/12/2024 18:51

I think it more likely we retest the recent lows dividends not withstanding

At this moment their is no backbone anywhere people are running scared and I am happy to let it find it's own level,

I ve shut up shop and will await developments but is not looking good.

Dividends the draw here and still some way off

So be careful

[adejuk] 19/12/2024 15:14

i don't get this
keeping rates up should be good for insurers given their gilt holdings.
uncertainty removed for 6 months
wtf is going on?
shorters?

[cherryandwhite1] 19/12/2024 08:47

I can't see this share price getting anywhere near the 560s what it was when the last dividend was announced

[montyhedge] 18/12/2024 15:23

I thought British Gas was bad at answering the phone, Phoenix the worst company I have dealt with.

[dudishes] 13/12/2024 09:27

cherryw1,

waldron posted detail at a request from me, 2nd opinion.

One of my pensions is with Sunlife.

Position 502p, looking positive methinks.

10%+ divi very attractive.

cheers

[waldron] 13/12/2024 08:53

521.00 GBX +3.00 (0.58%)

Dec 13, 08:49 GMT
521.44 GBX ‎08:49

Open
518.00

High
521.47

Low
516.50

Mkt cap
5.22B

P/E ratio
-

Div yield
10.22%

CDP score
A-

52-wk high
581.22

52-wk low
475.00

[waldron] 13/12/2024 08:45

Cherry, Heres to a hearty welcome to this advfn thread

In answer to your question regarding my RNS repeats

Its a memory aid for me and of course others who have many companies to follow

It helps me visualise the companys potential in these unpredictable times and understand if possible the turning points up or down

Have a great day on this Friday 13th and the forthcoming weekend

CHUCKLE AND CHEERS

[cherryandwhite1] 12/12/2024 20:47

Out of curiosity why post these old rns

[waldron] 12/12/2024 18:40

FROM THE ASHES IT APPEARS TO CONTINUE IN LIFE

WE WILL SEE AGAIN TOMORROW

[waldron] 12/12/2024 18:38

Phoenix Group Holdings PLC 2024 Interim Results
16/09/2024 7:00am
RNS Regulatory News

RNS Number : 2311E
Phoenix Group Holdings PLC
16 September 2024


Phoenix Group is building operating momentum as it executes on its 3-year strategy

Commenting on the results announcement, Phoenix Group CEO, Andy Briggs said:

"Phoenix's vision is to be the UK's leading retirement savings and income business, and I am pleased with the initial progress we have made in executing on our 3-year strategy, as our 2024 interim financial results demonstrate.

We have delivered 19% growth in Operating Cash Generation and remitted total cash generation of £950 million in the first half. We have generated 3%pts of recurring Solvency II capital and our resilient balance sheet has enabled us to repay £250 million of debt and to invest in our business. Strong growth in our capital-light Pensions and Savings business in particular has supported a 15% increase in operating profit. The Board has declared an Interim dividend which is a 2.5% year-on-year increase.

I am confident that as we continue to execute on our strategy we are building a growing business that is on track to deliver our financial targets and create shareholder value."

[waldron] 12/12/2024 18:23

Phoenix Group Holdings ( (GB:PHNX) ) has shared an announcement.

Phoenix Group Holdings has applied for the admission of 2,100,000 new ordinary shares to the Official List of the FCA and trading on the London Stock Exchange, anticipated to be effective from December 16, 2024.

These shares, fully paid and on par with existing shares, are part of the Company’s ShareSave Scheme and Deferred Bonus Share Scheme, with potential implications for shareholder value and market positioning.

TIPRANKS

[waldron] 12/12/2024 18:19

Here’s the growth forecast for Phoenix Group shares through to 2026!


Looking for top growth stocks to buy on the FTSE 100? Phoenix Group shares aren’t just about big dividends, argues Royston Wild.



Posted by
Royston Wild ❯
Published 17 November, 4:36 am GMT

PHNX


Phoenix Group (LSE:PHNX) shares get lots of attention from investors because of their huge dividend potential.

This isn’t surprising. At 11.1%, the financial services provider has the largest forward dividend yield on the FTSE 100 today. Phoenix also has a long record of dividend growth, with cash payouts having risen in nine of the last 10 years.

What gets less focus is the company’s colossal growth potential. Earnings rose 38% year on year in 2023. And City analysts expect them to continue growing strongly through to 2026 at least, as the table below shows:
Should you invest £1,000 in Phoenix Group Holdings Plc right now?

When investing expert Mark Rogers has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Phoenix Group Holdings Plc made the list?

Year Earnings per share Annual growth Price-to-earnings (P/E) ratio
2024 45.27p 38% 10.8 times
2025 55.08p 22% 8.9 times
2026 62.31p 13% 7.8 times

Phoenix’s share price is down 9% in 2024, and has slumped more recently over moderating expectations on interest rate cuts. But if City forecasts start to look accurate, I’d expect its shares to spring higher again.

But how accurate are current earnings estimates? And should investors consider Phoenix shares for their portfolios?


Turning the corner

After earlier interest rate shocks, Phoenix bounced back strongly in 2023 and hit its growth targets way ahead of schedule.

It enjoyed strong demand at both its Pensions and Savings and Retirement Solutions divisions, the latter driven by a boom in bulk purchase annuities (BPAs). This meant it achieved incremental new business long-term cash generation of £1.514bn, hitting a target of £1.5bn two years ahead of plan.

Phoenix’s trading performance has remained rock-solid since then. Adjusted operating profit leapt 15% in the six months to June, helped by strength across its product ranges as well as widespread cost-cutting.

Impressively, total cash generation also rose 6% year on year to £950m, and its Solvency II ratio was 168% as of June, at the top end of its 140-180% range. This is significant, as Phoenix has the strength to invest for growth while also continuing to pay its large dividends.

Looking good

But can the business keep its impressive run going? I think it can. It has massive structural opportunities to capture, as the world’s rapidly ageing population drives demand for pensions, wealth and retirement products.

And Phoenix has well-loved brands it can use to exploit its growing market. The likes of Standard Life and SunLife have around 12m customers on their books.

There are still risks to company earnings, of course. The firm’s first-half performance was dented by the continuation of higher interest rates and adverse movements on equity markets. These could remain problematic too if global inflation stays ‘sticky’.


A bargain?

But on balance, I think things are looking good for Phoenix’s bottom line, driven by those demographic opportunities. The outlook’s also supported by an expected fall in interest rates over the next couple of years.

With earnings multiples below 10 times for the next two years, I think the risks to growth forecasts are currently baked into Phoenix’s share price.

In fact, with the company also carrying those double-digit dividend yields, I think it’s a top value stock to consider.








Royston Wild

The Motley Fool

[waldron] 12/12/2024 17:42

NEXT EX DIVI APRIL 2025

TO BE PAID IN MAY

[my retirement fund] 10/12/2024 13:29

Some interesting industry action today though with Japan's Nipon life in 8.2Bn takeover of Resolution life group whom I gather is currently headed by Clive Cowdery.

[renewed1] 10/12/2024 11:08

Ho Ho Ho it must be Christmas...JP cut target to £5 this time last year they cut to £4 ..what happened to that!!!

[bargainsniper] 10/12/2024 11:02

economic growth is in the US not EU