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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -0.21% 679.00 679.20 679.40 684.60 678.80 684.60 1,507,380 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 4,704.0 1,270.0 91.8 7.4 6,785

Phoenix Share Discussion Threads

Showing 4576 to 4600 of 4600 messages
Chat Pages: 184  183  182  181  180  179  178  177  176  175  174  173  Older
DateSubjectAuthorDiscuss
21/7/2021
18:04
The US figures do show stark differences between different socio-economic groups and annuity holders are likely to be wealthier and thus healthier than the average population (grim but likely to be true)
williamcooper104
21/7/2021
17:54
All of ours favourite grim subject https://www.npr.org/sections/coronavirus-live-updates/2021/07/21/1018590263/u-s-life-expectancy-fell-1-5-years-2020-biggest-drop-since-ww-ii-covid?t=1626886357564This is for US only - but likely to be similar over here 1.5 years is a big deal in terms of PHNXs solvency ratios Long covid impacts haven't been felt yet; but could be significant too
williamcooper104
20/7/2021
15:43
More added. 663p. Bottom draw and collect divi
rogerramjett
14/7/2021
11:02
Looks like a good swap for its Irish holding.
stun12
14/7/2021
10:51
Https://www.thephoenixgroup.com/newsroom/news/phoenix-group-completes-ps230m-bulk-annuity-transaction-agfa-uk-group Phoenix Group, the UK’s largest long-term savings and retirement business, today announces that it has completed a £230 million bulk purchase annuity transaction with the Trustee of the Agfa UK Group Pension Plan. This buy-in is the Plan’s first transaction, covering 70% of its pensioner liabilities. As part of the Trustee’s long term de-risking strategy, the Company provided additional funding support which facilitated a pensioner buy-in, increasing the long-term security of all members’ benefits. This latest transaction is in line with Phoenix’s ambition to become a market leading BPA franchise, with a continued focus on value not volume.
lauders
13/7/2021
13:00
At the same 0.9x NAV as the sale, phoenix should be trading around 670-690p. So suggests there's not much upside to current price, but also offers downside protection. So those looking for long term dividend income, the current share price is probably OK.
boonkoh
13/7/2021
10:57
The transaction seems at a good price. Cannot see the proceeds changing PHNX value materially, but good to see positive management activity accreting value... every little helps...
edmundshaw
13/7/2021
07:20
This transaction simplifies our European operations and accelerates the cash release from this business. The Group expects to redeploy the capital into higher return growth opportunities to drive incremental future cash generation. Phoenix continues to progress a range of management actions to maximise shareholder value from its remaining European business, Standard Life International DAC, which provides strategic optionality to the Group over the longer term. Seems fine to me ;-)
lauders
08/7/2021
07:09
Also if you have a weighting to pharma/life sciences then you've got a bit of hedge against longevity increasing I looked at buying a US life reinsurer, which gives an excellent hedge against longevity; but didn't bother as looked like it would get covid hit in the shot to medium term
williamcooper104
08/7/2021
07:05
If rates stay low, or go lower, and longevity increases materially then the divi will be under pressure (covid, obesity and peaking of longevity for time being are favourable tailwinds) Absent that though and someone dropping a bomb on the economy and it's safe It's certainly the best Ftse yield if you weigh the risk with the size of the yield (IMO) On a portfolio basis most of us will be exposed to higher rates via equity discount rates rising; so it's great to have something that will benefit from higher rates
williamcooper104
07/7/2021
23:29
Expect a steady rise now imho
pander45
06/7/2021
15:53
monty I expect they will not only keep the dividend going but increase it by 3%.
look alive
06/7/2021
12:11
Even if the company is eating itself then so long as the divi yield is less than the discount rate used to calculate the embedded value of the legacy assets (as adjusted for the discount to embedded value that the share price might imply) it ought not to be a problem Unfortunately companies in run of rarely actually run of and always seek to reinvest (there's little incentive to actually run off) - which may or may not work out as well as their legacy/run of assets have
williamcooper104
06/7/2021
11:36
The problem is that the market doesn't yet believe that that the company isn't 'eating itself' i.e. that part of that dividend isn't effectively a capital return due to the book running off. However, IIRC, Phoenix stated in its last results that new business is now matching the run off so hopefully it can begin to sustain itself. Whether the new business can be as profitable remains to be seen, though.
wmb194
06/7/2021
11:34
Can't see them keeping that dividend going.
montyhedge
06/7/2021
11:15
It is probably one of the safest yields on the FTSE given their business model.
rcturner2
06/7/2021
10:52
Safer than GSKs was
williamcooper104
06/7/2021
10:04
Is that yield safe?
montyhedge
05/7/2021
22:47
Except "something like a 7% dividend yield on that one" would be a bit more accurate!
edmundshaw
03/7/2021
07:54
"Phoenix Group, where Swiss Re recently sold a 6% or 7% stake and knocked the price down a bit. I think that's a good buy. And you're looking again, at something like a 6% dividend yield on that one. So definitely load up on that one." Jim Mellon.
masurenguy
03/7/2021
07:20
I see and hear that PHNX and AV. (hold both) are mentioned in this Jim Mellon piece. Seems he is bullish on them both. Https://moneyweek.com/investments/investment-strategy/603500/jim-mellon-what-im-buying-now-uk-stocks-agtech-and
lauders
02/7/2021
08:29
Sunak has announced a review of City regulation post-Brexit. Among the changes will likely be a relaxation of Solvency II, which would be welcomed by the insurance industry: The Association of British Insurers argued in February the changes could allow insurers to redeploy a total of £95bn of their capital and invest more freely in areas such as infrastructure and green assets. [FT]
jonwig
29/6/2021
08:34
or buying......
skinny
28/6/2021
19:34
Big volumes last two days. Can't be Swiss RE as they've agreed to lock up for a while.What other institution are dumping their stakes?
boonkoh
28/6/2021
09:48
Supposedly they charge by the hour and don't get paid as salesmen However IFAs signed off and promoted all sorts of dodgy property SIPP products
williamcooper104
Chat Pages: 184  183  182  181  180  179  178  177  176  175  174  173  Older
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