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Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group Holdings Plc LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.40 -0.53% 641.60 642.60 643.20 648.00 638.80 645.00 1,443,742 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 4,704.0 1,270.0 91.8 7.0 6,411

Phoenix Share Discussion Threads

Showing 4451 to 4475 of 4925 messages
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DateSubjectAuthorDiscuss
03/6/2021
10:45
News leaking on that European business sale, perhaps?
bluemango
29/5/2021
00:04
Surely Phoenix needs Aladdin
growthpotential
28/5/2021
09:32
All quiet on the European business sale. So far.
bluemango
25/5/2021
22:26
Plodding on upwards which is encouraging
pander45
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!
woodhawk
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
williamcooper104
18/5/2021
09:17
Were there rumors of buying M&G couple of weeks ago?
hirani2
18/5/2021
07:20
Special dividend would be nice !
masurenguy
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?
jonwig
17/5/2021
22:45
City sources said that a deal could be announced as early as this week. hTTps://google.com/amp/s/news.sky.com/story/amp/phoenix-close-to-offloading-european-arm-to-elg-in-550m-deal-12309460
bluemango
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
nigelmoat
14/5/2021
22:18
HTTPS://www.thetimes.co.uk/article/m-amp-g-in-full-bloom-after-schroders-takes-a-look-tt2phv336 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.
speedsgh
13/5/2021
14:43
Interesting news: Https://www.thephoenixgroup.com/~/media/Files/P/Phoenix-Group-v3/Media/Phoenix%20Group%20Funds%20Electric%20and%20Hybrid%20Vehicle%20Manufacturing%20in%20Sunderland.pdf 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.
lauders
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.
hyden
09/5/2021
18:26
Well if you don't think rising from sub £5 to where we are now bouncing!! plus big dividend- reinvest lovely growth. Not a day trader or smash and grab in sight!!
bothdavis
09/5/2021
18:25
Still bouncing painfully along multi year resistance levels here, nothing changes around here does it.
my retirement fund
09/5/2021
18:21
"All told, the 55-year-old reckons Phoenix could rake in more than £800million from new business this year – up from £766million last year. 'If we're able to get that above £800million that will be the trigger for us to consider growing the dividend organically,'" So 4.4% growth and he'll consider a dividend increase..... Not beyond the wit of man ?
fenners66
09/5/2021
14:48
Jeff, thanks for that. I have some caveats about "workplace pensions", and the only comment under the article is worth quoting: It's incredibly difficult to make proper money in workplace pensions. Briggs is right the money flows into them are huge and relatively stable however the margin is incredibly thin due to dwp charge capping on default funds. Unless you have massive scale and a firm control of your cost base it's a tough market to succeed in. Defined Benefit is a different business from Phoenix's Defined Contribution business. Are they going into competition with the new firm Pension Bee? However, I guess he is a Man with a Plan.
jonwig
09/5/2021
13:41
It seems that Andy Briggs has a growth strategy for Phoenix:- https://www.dailymail.co.uk/money/markets/article-9556873/Phoenix-chief-Andy-Briggs-sends-upbeat-message-investors.html
jeff h
07/5/2021
08:42
The Irish business is small beer in the grand scheme. Imo the cash will most likely be retained for corporate purposes rather than a special dividend / share tender.
hyden
07/5/2021
08:28
Interesting. That would be a lump of cash coming in. Special dividend? Share tender?
stun12
07/5/2021
08:02
One liner from RBC this morning:- PHNX LN +1% ...Great-Life May Buy Phoenix Units, Irish Times Says https://www.irishtimes.com/business/financial-services/irish-life-parent-circles-dublin-based-standard-life-international-1.4557674
cwa1
05/5/2021
19:04
Nice bounce today.
pander45
04/5/2021
09:55
Current yield is 6.72% (advfn figures don't yet reflect next interim likely to be new half year payment of 24.1p) A share price of 803p would still give a very respectable 6% yield.
bluemango
04/5/2021
08:13
Looking at the one year chart I'd expect PHNX to bounce up relatively sharply from these levels.
bluemango
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