Phoenix Share Discussion Threads

[skinny] 09/6/2021 19:34

Sitting on the 200 ma.

[pander45] 09/6/2021 19:12

Totally agree, capital gain from rinse and repeat nested within rising trend coupled with good divi return. What's not to like?

[riverman77] 09/6/2021 18:51

I sold this at 740 a couple of weeks ago - was quite regretting this decision so very pleased to get back in below 720. Intend to hold on to it this time.

[masurenguy] 09/6/2021 18:25

Made a small top up this afternoon.

[williamcooper104] 09/6/2021 16:57

Wondering if the sector weakness and slight sell of in the pound is down in part to NI protocol/trade sanctions threats Topped up a little

[woodhawk] 09/6/2021 16:47

That's how I see it too, Pander45. PHNX is my ninth most profitable investment to date. Plenty of trading opportunities with the backup of a well above average divi too.

[pander45] 09/6/2021 15:10

Sector weakness just an opportunity imho

[woodhawk] 09/6/2021 15:01

Really? I prefer to buy cheap!

[my retirement fund] 09/6/2021 14:21

Looking weak very weak. Not good!

[cwa1] 09/6/2021 13:47

Drifting down towards a tempting price?

[lauders] 08/6/2021 11:05

Phoenix Group (“Phoenix”), the UK’s largest long-term savings and retirement business, announces the appointment of Michela Bariletti as new Chief Credit Officer within its Asset Management team. In this newly created role, Michela will lead the Credit Research and Internal Credit Ratings team for all asset strategies pursued by Phoenix Group, which will have capabilities to assign internal ratings to private credit and illiquid assets.

Michela joins Phoenix from Pension Insurance Corporation where she served as Head of Ratings and Credit Research. Prior to that, Michela spent 14 years at S&P Global Ratings, London, most recently as Senior Director, Infrastructure Ratings – EMEA Analytical Head, managing a team of 20 analysts and a portfolio of over 150 issuers in the infrastructure sector. The portfolio included corporate and project finance transactions covering social infrastructure, road, transport and renewables. Michela started her career at Goldman Sachs within the Equities Division.

[bluemango] 03/6/2021 10:45

News leaking on that European business sale, perhaps?

[growthpotential] 29/5/2021 00:04

Surely Phoenix needs Aladdin

[bluemango] 28/5/2021 09:32

All quiet on the European business sale. So far.

[pander45] 25/5/2021 22:26

Plodding on upwards which is encouraging

[woodhawk] 21/5/2021 14:39

Good to see some upward movement, I didn't understand why PHNX was languishing recently - especially so after the potential sale news!

[williamcooper104] 18/5/2021 09:27

They'd been part of a consortium that looked at buying M&G but decided against - and that was when MNG share price was lower than currently So unlikely to buy now

[hirani2] 18/5/2021 09:17

Were there rumors of buying M&G couple of weeks ago?

[masurenguy] 18/5/2021 07:20

Special dividend would be nice !

[jonwig] 18/5/2021 07:17

The Board of Phoenix Group Holdings plc ("Phoenix") notes the recent press speculation regarding the potential sale of its European businesses and confirms that it is now in advanced discussions in respect of a potential sale.

A sale of the European businesses will only be considered if it maximises value for shareholders. Discussions are on-going and there can be no certainty that any transaction will be agreed.

What to do with all that cash?

[bluemango] 17/5/2021 22:45

City sources said that a deal could be announced as early as this week.

[nigelmoat] 17/5/2021 20:28

* PHOENIX GROUP HOLDINGS IS CLOSING IN ON A DEAL TO SELL ITS EUROPEAN OPERATIONS IN A DEAL WORTH ABOUT £550 MILLION - SKY NEWS* PHOENIX FINALISING DETAILS OF A SALE OF ITS EUROPEAN OPERATIONS TO EUROPEAN LIFE GROUP HOLDING - SKY NEWS

[speedsgh] 14/5/2021 22:18

Shares in M&G rose 9¼p, or 4.2 per cent, to 229¼p after Bloomberg reported that Schroders had spent months exploring a tie-up to create an enlarged asset manager with more than $1 trillion of assets under management.

Schroders walked away after deciding that it did not meet its risk and return requirements, but M&G may be a target for other buyers, analysts said.

Among those could be Phoenix, which has a track record of successfully buying businesses and making savings and has been diversifying from closed books of business into other areas.

Other interested parties could include Rothesay and Pension Insurance Corporation, both pensions specialists similar to Phoenix. Standard Life Aberdeen, which is rebranding as Abrdn, was also named by analysts...

... Phoenix’s new chief executive, Andy Briggs, has also said that he is interested in deals. Briggs completed a deal with Abrdn in February to buy the Standard Life brand, in a culmination of a series of previous deals under which Standard Life’s insurance business was sold to Phoenix and the two entered into an asset management partnership.

The ties between the two include an agreement for Abrdn to manage about £147 billion of assets for Phoenix until “at least” 2031. That agreement may mean that Phoenix would only want M&G’s insurance arm and not its asset management business...

The asset manager M&G appeared to be in play as a takeover target with a price tag above £7 billion yesterday, after revelations that its rival Schroders had considered making an offer.

[lauders] 13/5/2021 14:43

Interesting news:



Phoenix Group (“Phoenix”), the UK’s largest long-term savings and retirement business,announces an £80 million-pound investment to support Nissan Motor’smanufacturing of electric-only and hybrid vehicles. The investment has been made as a five year loan, guaranteed by the UK Export Finance agency of the UK Government,into the Nissan plant in Sunderland, which has been designated as the company’s main production plant for new electric cars and SUV’s for the European Market. The plant currently employs around 7,000 people.

[hyden] 09/5/2021 18:51

The £800m might be the pivotal point at which New Business coming in exceeds the run-off of the heritage book, hence the company is growing larger organically rather than by acquisition. Past dividend increases have tended to be linked to increased cash flows arising from acquisitions. If we assume that future acquisitions will have similar run-off profiles then growing new business is the only way to ensure the company's long term survival imo.