Phoenix Share Discussion Threads

[spcecks] 30/11/2020 18:12

pj fozzie I'm also heavily weighted here but not worried....will add more if share price falls further as here for the dividend.

[skinny] 30/11/2020 17:27

And as I said, there were another @2million at the same price after the auction - hohum!

[jonwig] 30/11/2020 17:17

Funny things happen - like CSN being quite steady today!

Certainly odd activity, and the 16:35 UT of 27m was a bit heavy.

[cwa1] 30/11/2020 17:01

It WAS an uncrossing trade-and yes anybody from CWA1 to Aviva COULD have been involved...

[masurenguy] 30/11/2020 16:59

If it was an uncrossing trade then either Aviva or Vanguard could also have been involved.

[cwa1] 30/11/2020 16:57

The 26.7M trade was not a "sell". It was the normal daily uncrossing trade in which buyers and sellers were matched(albeit large in scale!). I for one was on the "buy" side for better or worse...

[masurenguy] 30/11/2020 16:55

Re: #4179: That volume was only due to one institution making a disposal. it must have been either Standard Life Investments, Artemis or Threadneedle Asset Management since they are the only investors who were holding more than 25m shares yesterday.

[pj fozzie] 30/11/2020 16:55

Ouch! And that's the problem with having a portfolio heavily weighted towards one share. 10K down on PHNX today - whole portfolio is 14K down.

Oh well, not gonna panic. Still confident that the div is safe.

Cheers,
PJ

[skinny] 30/11/2020 16:52

And probably another couple of million @716.80 after the auction....

[steeplejack] 30/11/2020 16:51

Somethings leaked.The volume is the highest for a year.

[masurenguy] 30/11/2020 16:49

The late 26.7m Sell should produce an RNS - interesting to see which institution disposed !

[my retirement fund] 30/11/2020 16:42

Someone certainly has a clear view to be flushing 200 mills worth of stock away!

[my retirement fund] 30/11/2020 16:41

200,000,000 pounds worth dumped at 7.16 pence. Nice !

[cwa1] 30/11/2020 16:39

Decided to try for a few in the auction, put in a limit of 720 but didn't expect to get any at that level. However I got filled at 716.8p and now I'm not sure whether to be happy or sad ;-)

[masurenguy] 30/11/2020 16:34

Perspective - less than 0.4% of issued shares traded today - only twice the average daily trading volume. Average transaction was circa 300 shares - or just over £2000. Mostly retail sales.

[spcecks] 30/11/2020 16:32

Added a few more to my holding on the dip.

[cassini] 30/11/2020 16:26

Sheesh. I thought Phoenix was the most reliable of my investments as well...

[my retirement fund] 30/11/2020 16:25

Some heavy dumping coming in now

[bluemango] 30/11/2020 16:20

Only 7.2% down on the day, with still no clear guidance on management plans - nothing to see here, move along now ...

[bluemango] 30/11/2020 14:54

"What the hell is going on here?"

It's the usual cliché, investors & the market hate uncertainty. A few days ago, management confirmed they were assessing an approach for their European business. But since then, zilch on the implications for earnings and the dividend, how quickly they'd look to deploy the proceeds, etc.

At the very least, I'd want to see a very clear justification, with figures, for how this could be beneficial to shareholders; particularly those primarily here for income.

[geko5trade] 30/11/2020 14:37

I was wondering that!
Looking at the chart it does like to jump off the high board and is pretty volatile for a big stock. It was well overbought so maybe just a technical correction on the chart. I have a few of these for the dividend but I'd rather it didn't upset my stomach!

[my retirement fund] 30/11/2020 14:21

What the hell is going on here?

[bluemango] 30/11/2020 12:53

Optimistic angle: if they went ahead and then immediately bought an equally (or more) profitable income stream with the proceeds, that would clearly be seen as a good outcome.

[skinny] 30/11/2020 12:45

Its certainly put a dampener on my lot today!

[bluemango] 30/11/2020 12:42

Ironically, I diverted proceeds to Phoenix from (amongst others) Pennon, because the latter announced plans to sell off their profitable stake in Viridor.