Phoenix Share Discussion Threads

[porsche1945] 22/8/2019 09:03

Wonder how low these are going, will start to build a position, if no brexit deal markets will be destroyed could see these back to 5.40 but will defo buy for yield, cant see where any capital growth can come from on ftse, its hopeless, 10 pc cent below where it was 20 years ago, uk a basket case

[skinny] 22/8/2019 09:02

Yes 630 looking pivotal today.

[bamboo2] 22/8/2019 08:54

RCT, tiny gap down today, 643.5-642.8, unless filled by the close it is a measuring gap.
These often mark approx half way in a move.

Assuming it remains unfilled today the tp is approx 611.3, which co-incides with the triple top tp.

Historical support is thin around the tp, so share price could in theory drop further.
540-550 much stronger.

I am monitoring for an entry point. No position. gla

[rcturner2] 22/8/2019 08:26

So 650 easily broken looks like 630 is next I wonder if 600 will go.

[bamboo2] 21/8/2019 12:53

Hi Skinny, fwiw this is my post from elsewhere a few days ago...

PHNX, Trippple top, tp 614
Did confirm, then price pulled back above confirmation line.
Historical support levels 630, 600, 537

Potential turns 19 & 30/8/2019

[skinny] 21/8/2019 12:46

Probably some technical reason like - "it's our turn".

[tournesol] 19/8/2019 18:59

Thanks to Snorky and RCTurner. Good to share ideas. Don't know why someone voted you down.

[woodhawk] 19/8/2019 14:01

snorky123,

With you on all those, except Lloyds (dabbled with them in the past but poor overall returns, in my case) - as you say 'compelling dividends' at current levels.

[robsy2] 19/8/2019 10:41

Thanks. Keep ‘em coming.

[rcturner2] 19/8/2019 09:26

There are good yields available in some investment trusts such as PEY and AEWU.

[snorky123] 19/8/2019 08:36

I recently put most of my funds into the following: Aviva, Phoenix, Lloyd's ( not sure about this now) and Vodafone. The insurance companies and Vodafone will not suffer unduly with Brexit and the yield is so compelling for people looking to dock into a safe port. Vodafone has such a diverse spread with good fx earnings and Lloyd's I feel will come good as domestic bank now.

[jonwig] 19/8/2019 06:28

CSN has a more volatile share price (or it seems so to me). Things like L&G aren't pure closed-book companies.

I wonder what the future of annuities will be? At near-zero rates why buy one, when you're giving up your capital?

We offer annuities to existing
policyholders when their pension
policies vest across both the
Phoenix Life and Standard Life
product ranges. The majority of our
vesting annuities are from pension
policies which included guaranteed
annuity options on maturity.[AR 2018 p14.]

That looks like a risk to me.

[robsy2] 19/8/2019 05:43

Interesting. I have used this as a safe haven in the past when things start to look difficult in the markets. Has anyone got any other alternatives? Chesnera? L&G? Or others. Any suggestions welcome .

[tournesol] 18/8/2019 22:31

According to my calculator, my latest top here will be producing a yield just shy of 7.25% on purchase price.

That's not bad at all

And it's v hard to see the core business being unduly affected by Brexit or by market collywobbles. Of course general market weakness affects everything buty PHNX looks pretty safe and secure to me in the long term.

[jonwig] 18/8/2019 20:21

Aleman - is the 80 bpp based on interest rate futures rather than a guess by IC? And UK inflation bumping 2% with weak sterling might suggest there's limited scope for deep cuts. Fiscal policy likely to loosen, too.

[aleman] 18/8/2019 19:06

Unlikely? The current 50-year Gilt yield of only 0.965% suggests the B of E need to cut MORE than 80 basis points to restore a normal time element to the yield curve (and normalise margins on bank lending). Everybody is behind the curve - including the IC.

PHNX will still realise £3.4bn or £3.5bn of cash by 2023 even on a negative B of E bank rate, though, making its yield look brilliant against alternatives. That's so long as the banking system holds together. (Deutsche keeps hitting new lows. Gold keeps going up on fears of banking stability.)

[jonwig] 18/8/2019 18:31

But IC is (still) a buyer:

Management said it is on track to generate £3.8bn in cash between 2019 and 2023, which would fall to £3.6bn in the unlikely event of an 80 basis point drop in interest rates. At the current price the shares offer a potential dividend yield of 6.9 per cent, backed by a Solvency II coverage ratio of 160 per cent. Buy for income.

Last IC View: Buy, 718.5p, 5 Mar 2019

[schofip] 18/8/2019 18:21

Im Sitting on the fence as well.

[rcturner2] 16/8/2019 07:53

I don't see any hurry to get back in here. The chaos around Brexit is highly likely to get worse before it gets better.

[actybod] 15/8/2019 21:37

Looking to get in again. Will wait to see if 625 beckons

[tournesol] 15/8/2019 13:53

Have topped up below 650p

[lauders] 15/8/2019 12:12

Good call RTC2. Didn't think it would go below but ex-divi and a negative sentiment market made it happen.

[rcturner2] 15/8/2019 11:57

And there goes 650p and probably 640p as well. Where is woodpigeon?

[jonwig] 15/8/2019 10:52

23.4p of it was xd, so 15p has gone. More than the market.