Phoenix Share Discussion Threads

[skinny] 08/5/2019 13:09

Yes - its certainly ticked my boxes over the years.

[rcturner2] 08/5/2019 13:06

montyhedge does not know what he is talking about

[jonwig] 08/5/2019 12:51

In May 2014 the share price was 430p after back-adjustment for the rights issues. That's 9.6% pa growth. You'd also have collected around 250p in dividends.

In retrospect, an OK investment, I reckon!

[shauney2] 08/5/2019 12:40

The same price as it was 5 years ago not including last rights issue of 7 for 15 at 515p.Compounding the 5 quid dividends from the last 10 years would also have boosted any holding considerably.

[montyhedge] 08/5/2019 10:17

Yes income stock but below what it was 5 years ago. Like a corporate bond but with more risk.

[this_is_me] 07/5/2019 18:11

23.4p dividend

[chinese_takeaway] 07/5/2019 18:11

https://twitter.com/GoodnightCharl1/status/1125792575493943296?s=19

[shauney2] 07/5/2019 18:02

1620 Have you got the right thread?
This went up to 720p after it was 660p on ex divi day.A nice 24p dividend in the account today.

[montyhedge] 07/5/2019 16:56

Yes its like having a Corporate bond but with more risk. No growth.

[porsche1945] 07/5/2019 16:34

Will slide back to 16.20 ish over coming months, its like direct line, you buy in the troughs and sell as it approaches divvy, have been doing very nicely with that over last few years with these " usual suspects ", hopeless growth but can use how range bound they are and dividend dependant.

[lauders] 05/5/2019 02:29

A PHNX related piece from April 27:

I have copied the relevant parts below as it is a free subscription site with limited reads and I know many probably aren't interested in the hassle of registering.

Alex Wright, the manager of Fidelity Special Situations fund and Fidelity Special Values investment trust, says that it is not just overseas investors who are shunning UK shares. “It is unusual to meet a UK-based client who is increasing their exposure. It may be a cliché, but investors really do hate uncertainty.”

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Wright highlights financials as another vulnerable sector, with investors worried about the quality of investments they hold. He believes that these fears are exaggerated and that financial companies should be able to continue paying their dividends even in a downturn, while the growth opportunities for areas including the life insurance sector remain attractive.

Unloved stocks

Wright holds three life insurers — Phoenix Group, Aviva and Legal & General — and all have high dividend yields of 5 or 6 per cent. Wright is confident that they will be able to achieve good long-term growth. He also holds some UK high street banks, including RBS, which he thinks has the most attractive balance of risk and reward in the sector.

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Jason Hollands of Tilney Group, a wealth manager, selects Fidelity Special Values investment trust and Temple Bar investment trust. He says: “Fidelity’s Alex Wright is a contrarian who seeks to buy stocks that are out of favour with the market, but where he perceives the risk of further falls to be limited. Stocks typically fit into four categories: turnarounds, growth companies on low valuations, hidden jewels with unrecognised potential, and companies with an above-average chance of being involved in takeovers.

The last part is more of a link to Alex Wright who favours PHNX.

[ianood] 03/5/2019 13:35

% wise still in to the 90s

[aleman] 03/5/2019 08:23

Belinda Richards and Alastair Barbour got big votes against re-election. Anyone know why?

[rcturner2] 15/4/2019 12:09

One thing that does seem to be happening across the market is that reliable dividend payers are being more highly rated again, presumably on the back of government bond yields dropping. I can see lots of my shares up nicely over the last few months.

[skinny] 03/4/2019 12:23

Barclays Capital Equal weight 695.10 680.00 694.00 Reiterates

[jonwig] 01/4/2019 05:39

It was ... 21 March for 23.4p.

[dhanji2] 01/4/2019 04:30

When is ex Div date

[aleman] 29/3/2019 16:09

Hi, edmundshaw. Yes, third time in and, with a bit of luck, the third time I'll make a profit. It seems that, every time they issue new equity, loose sellers drive the price down subsequently for bargain hunters.

Inverse head and shoulders? (Suggesting back to 750p in coming weeks?)

[edmundshaw] 29/3/2019 14:41

Hi Aleman, didn't know you were in these. I have been in since 2015, with very predictable dividends and good growth to boot. One of my top holdings, possibly the most reliable performer in my portfolio!

[snorky123] 29/3/2019 08:24

Just put my buy order in

[aleman] 29/3/2019 08:18

With long bond yields tumbling and central banks starting to cut short rates, could these head to £10?

[lauders] 29/3/2019 01:00

Perhaps anytime now is good given that we are near the oversold area of the RSI?

Failing that keep an eye on the share price and wait for a time when the RSI actually falls into the oversold area and then buy? Of course you could just wait for any market crash and then the last point will happen anyway and then you can buy.

[snorky123] 29/3/2019 00:35

Looking to buy this as great div stock in a period when turbulence is likely. Any thoughts ?