Phoenix Share Discussion Threads

[lauders] 19/2/2020 15:01

Nice to see 800p. Will we hold or drop back below by end of play? News soon so hopefully it will be good and we will power ahead. Can't forget the recent director buy so bodes well.

[jonwig] 19/2/2020 13:25

Rothesay Life's positive trading update will have helped:

[williamcooper104] 19/2/2020 12:03

I'm complaining Reducing my long term total return as my divi reinvestment yield falls But I accept, worse things do happen

[richardbroughton] 19/2/2020 10:35

yes, has been a rapid rise from 750 although I'm not complaining!

[skinny] 19/2/2020 09:13

Some price consolidation would be nice.

[solarno lopez] 19/2/2020 09:12

Touched £8 so now what is next ?

[skinny] 17/2/2020 11:48

Two attempts at £8 this morning.

[bluemango] 15/2/2020 15:53

I tend to agree with the Buffett view that the best stocks are those you hold forever, just pocketing the hopefully increasing dividends. Happy to hold Phoenix for that purpose and take part in any open offers along the way. And as others have commented, where else do you put it, to have similar mix of good and safe yield.

[skinny] 15/2/2020 09:05

Masurenguy - not a problem per se, but I prefer to not have any individual holding above 6% - for info, my next biggest holdings by value are NG,BP,SSE and WJG - my CLIG holding is 3.87%.

Obviously with a holding such as PHNX, its not so much a problem as something like ITM (recently trimmed again) - which by its very nature, can prove to be very volatile.


I'll probably hold for now as I have no obvious comparable home for the money.

[williamcooper104] 15/2/2020 03:07

Annuity providers are hyper conservative (following equitable life) on reinvestment risk so so long as their annuities are duration matched with good assets then lower rates, in theory, aren't a problem (unless of course their hedging assets blow up and expose them to having to reinvest less capital at lower rates) Naturally lower for longer means that you would need to be senile to actually take out an annuity - so cannot be good for future production of annuities But for closed book aggregators that's less of a problem - at least in the short to medium term Lower for longer also means that corporates sitting on pension liabilities realiseThat they have to throw in the risk

[lauders] 15/2/2020 01:42

Still sticking with all mine. Nice income source and the future should be exciting. Not long until the next news:

[jonwig] 14/2/2020 17:07

That's the uncrossing at the closing auction. Not really a nice trade, just a boring book-squaring.
Always stamped at 16:35.

[panshanger1] 14/2/2020 16:49

Nice trade gone thru 250 000 @ 795.30

[jonwig] 14/2/2020 16:39

Skinny - a perpetual problem!

1) In the current environment, cash is an option on the future.

2) Solve your problem by vowing to sell x shares if the share price drops by y%: ie. run your winners until they aren't.

3) Study the effects of perpetual low/negative interest rates on the life sector.
Let us all know how you get on ... it has me beaten!

[masurenguy] 14/2/2020 16:36

Re Skinny post: 3637. Why is that percentage a problem? I have 25 stocks in my portfolios and currently the top holding is CLIG: @13.9%

[skinny] 14/2/2020 16:34

Therein lies the rub, some weekend homework.

[minerve 2] 14/2/2020 16:29

"I'm tempted to topslice with a view to buying back lower down."
"And besides more interested in long term than short term ducking and diving."

Which is it then?

LOL

[tournesol] 14/2/2020 16:18

I'm tempted to topslice with a view to buying back lower down.

Typically high peaks are not maintained for ever and pull backs are to be expected.

Hesitating because 800p might not be peak.

And besides more interested in long term than short term ducking and diving.

[tournesol] 14/2/2020 16:12

Skinny
I have a dilemma here as these now constitute 6.5% of my SIPP.

Bragging or complaining?

[skinny] 14/2/2020 16:10

I have a dilemma here as these now constitute 6.5% of my SIPP.

[masurenguy] 14/2/2020 15:45

Looking for a close above 800 !

[panshanger1] 14/2/2020 15:37

Very resilient lately still feel this wants to go higher