Phoenix Share Discussion Threads

[jonwig] 11/7/2019 08:10

Interesting article, thanks. This bit gives a comparison hint:

Reassure was a strong contender to join the FTSE 250 index of mid-sized companies. Last year it looked after 3.3 million policies, had £40.4 billion of assets under administration and operating profit of £233 million.

PHNX had op pft of £708m last year, and has a MCap of £5.1bn, so pro rata, Reas. should have a value of £1.7bn. But the IPO was pitching at £3bn. So no message there to PHNX shareholders. Just greed on the sell-side.

(I know the value comparison is crude - maybe enterprise value - but any more depth would involve some calculation and research.)

[yupawiese2010] 11/7/2019 07:45

Reassure flotation in doubt.

[actybod] 10/7/2019 20:48

Is this heading to 650?

[schofip] 06/7/2019 22:45

Good point Fenners66 I really shouldn't let drunken fools get under my skin. Done.
In terms of HMRC I must add that this is my ISA account.

[eurofox] 06/7/2019 22:43

grateful thanks from HMRC

[fenners66] 06/7/2019 22:41

schofip

If those details are legit I would delete them immediately if I were you.

an open bulletin board is no place to publish some of those details...

[schofip] 06/7/2019 22:32

I have never seen comments by Sefton1 before so I am guessing he assumes this thread is just for small fry investors.

[schofip] 06/7/2019 22:20

Whats up Sefton1 has the beer run out?

[sefton1] 06/7/2019 19:04

Well sonny, I dumped half of my £2m PHNX holding last week and took my £1m profit so yah sucks to you buddy.

[schofip] 06/7/2019 18:47

Dumped my total PHNX holding on friday. Bought heavy at £5.75 at beginning of year and is currently looking overbought at the moment. Do I think this is a good share to hold,yes . Will I be back, definitely when the relative strength heads towards being oversold.

[actybod] 06/7/2019 17:39

With so much regulation around master trust and so little margin this surprises me.

[meathed] 06/7/2019 11:33

HELP, HELP, I'M BEING OPPRESSED by J. Wig

[masurenguy] 05/7/2019 16:15

Topped up today.

[lauders] 05/7/2019 13:43

Two new bits of news on PHNX's website recently:

Standard Life Assurance Limited, part of the Phoenix Group, awarded master trust authorisation approval



Phoenix Group wins big at the Insurance Investment Exchange Awards

hxxps://www.thephoenixgroup.com/~/media/Files/P/Phoenix-Group-v3/Press%20releases/Insurance%20Investment%20Exchange%20Awards%20press%20release%20final.pdf

[ianood] 03/7/2019 08:33

Well, with the Swiss Re float indicated at at 280-330p (£2.8 to £3.3 bln) and which the GS connected Rothesay has been sniffing around since the beginning of the year I think the sector is still gaining recognition for income investors. Conversely you could also argue that there may be some "market massaging" ahead of the Swiss Re ipo. Either way its gaining my interest at the moment.

[rcturner2] 03/7/2019 07:30

mrf, there are plenty of REITs at the moment paying much bigger dividends.

I'm not sure that the chart is that useful when you have had 2 very large share issues in there. I am pretty sure that this will be back to 650p.

Remember that this is the pause before the storm for UK stocks once Brexit comes back into view again.

[aleman] 02/7/2019 22:18

Chart looks interesting. Complete inverted head and shoulders and consolidate?


free stock charts from uk.advfn.com

[actybod] 02/7/2019 21:59

I'm sure he will be back in at 660. Maybe that's the point. Range bound so trade it.

[my retirement fund] 02/7/2019 18:07

Sold at 720 on the basis that its been lower hmmm. Think I'll stick around for 8 and over and keep collecting the staggeringly large and reliable dividend meantime.Of course if you can tell me where I may get a similar large and safe dividend meantime, I'm all ears.

[riverman77] 02/7/2019 15:40

Thanks Aleman. Phoenix appear then to hedge away their market exposure, which gives this a different risk profile from other insurers.

[rcturner2] 02/7/2019 13:49

I must admit I have sold up at 720p today. Had a fantastic run with these and managed to bag the steep drop at the start of the year. They tend to be very range bound and I can see them slipping back in due course.

[aleman] 02/7/2019 13:24

PHNX quote here that a fall of 0.8% in risk free interest rate makes virtually no difference to shareholders' capital or cash generation from 2018-22 and then compares a 1% fall to other insurers which also shows a negligible effect for PHNX while others take a hit. (See pages 48-50).




If PHNX is a steady flow of cash into the future that is little affected by normal market variations in asset values and interest rates, then you would expect that flow of cash to be valued like a bond.

[riverman77] 02/7/2019 12:48

Aleman - lower bond yields are usually bad for insurance companies as it increases the present value of their long term liabilities (lower discount rate).

[edmundshaw] 02/7/2019 12:34

It's been £8+ before, I see no reason to suppose we will not be back over £8 in the future...

[aleman] 02/7/2019 12:19

Last August the 10-year gilt yield was 1.7%. Now it's 0.8%. Where is the corresponding fall in PHNX's yield through a higher share price?