Phoenix Share Discussion Threads

[skinny] 11/8/2021 12:23

FWIW - the BBOX trimmings went into MNG.

[williamcooper104] 11/8/2021 12:16

And the pricing at the moment in logistics and my own little area - life sciences/knowledge economy real estate - basically reflects no end to the cycle - ever

[williamcooper104] 11/8/2021 12:14

BBOX is a particularly superb return when measured against its risk (which was always pretty low) It's a hard call now on trimming; I trimmed quite a bit and added to ASLI/EBOX - in view that European logistics/e-commerce penetration are behind the U.K. But the weight of capital into U.K. logistics keeps growing. The big risk is gilts/inflation materially moving out, especially as newer logistics leases are CPI (not the artificially higher RPI) caped at 3 percentThe one unalterable fact is that commercial property is always highly cyclical - newer/alternative CRE are just on a different cycle; but many investors get confused with that and thinking there's no cycle

[williamcooper104] 11/8/2021 12:05

Maybe not with PHNX; but if LGEN keep delivering 22 percent ROE - a big if of course - then you should see similar levels of total returns as with BBOX

[williamcooper104] 11/8/2021 12:03

Apollo were the first to build up an insurance/annuity platform (and increasingly are becoming basically an L&G; albeit with somewhat higher paid staff, and more PE exposure of course) Now KKR, Brookfield and (to a lesser extent) Blackstone are at too As one well known property/finance entrepreneur told me 10 years ago; an annuity is the best line of credit (referring to the gilts minus 50 bps that super long annuity exposures are transferred at)

[skinny] 11/8/2021 11:26

Probably like many, I've had capital growth here and now view it as I put it above -'near stress free income'.

BBOX - the +100% capital is nice and even the yield isn't too shabby, although I have been trimming the holding.

All part of a balanced portfolio I guess.

[my retirement fund] 11/8/2021 11:17

Any chance of capital growth here let alone anywhere near bbox, well your going to be very very frustrated imo.

[skinny] 11/8/2021 10:47

Having been my largest holding for some time - recently overtaken by BBOX, I'm quite happy to hold and take the near stress free income.

Probably be blue by lunchtime anyway! :-)

[tournesol] 11/8/2021 10:34

This is already my 3rd largest holding at about 8% of my total.

The smaller holdings are very much smaller.

It's in my SIPP which is patient money and I'm confident that in addition to the exceptional dividend stream, it will provide decent capital appreciation from here on. Just needs some time. Fortunately I'm in no rush.

[cwa1] 11/8/2021 10:24

LOL, sounds like somebody got out of bed on the wrong side this morning :-) I'm happy to accumulate at the right price

[jonwig] 11/8/2021 09:43

If it's marginally missed consensus forecasts I'd take that as irrelevant. All that has happened is that some bids have been withdrawn from the order book and some short-term bets have closed. (I can't see trades data as I'm away.)Can't say more right now.

[pdt] 11/8/2021 09:36

It missed broker expectations on revenue and earnings. This was balanced by good cash generation and an attractive 7% yield. Therefore the share price reaction is not surprising. I am here to collect the dividend and expect the share price to remain relatively stable. For those seeking income it's great, my bank savings account pays 0.1% so Phoenix is 70 times higher!

[edmundshaw] 11/8/2021 09:35

I doubt that boonkoh... No one in their right mind pumps a FTSE 100 stock...

[bluemango] 11/8/2021 09:31

A respected, established company with secure 7% dividend and solid results, hardly needs any 'pumping'; this is simply shareholders venting a bit of understandable frustration.

FWIW, could the lukewarm market reaction indicate some might have expected an increase in dividend from the last final payment (paid in May)? Rather than sticking with 24.1p as they have done.

[boonkoh] 11/8/2021 09:27

Wow, so many pumpers on this stock coming out on results day all of a sudden.Results must be bad or lacklustre then, seeing how hard the pumping is going...

[my retirement fund] 11/8/2021 09:06

Jeez Down, SPEECHLESS !

[garycook] 11/8/2021 08:55

Good time to buy now at 686p,with a 7% dividend guaranteed.

[adejuk] 11/8/2021 08:51

the uk is a strange country. we seem to enjoy punishing success.

[cwa1] 11/8/2021 08:32

Oh well, backed myself and took a few more at almost 685p. Fingers crossed...

[masurenguy] 11/8/2021 08:25

Peel Hunt upgrades Phoenix

Peel Hunt has upgraded savings and retirement group Phoenix (PHNX) after it strengthened its cash position following its acquisition of ReAssure last year. Analyst Andreas van Embden upgraded his recommendation from ‘reduce’ to ‘hold’ and increased the target price from 650p to 690p, which was trading up 0.5%, or 4p, at 698p. ‘The ReAssure deal was better for Phoenix than we had anticipated and gives it optionality to grow new business and integrate further transactions across 2 administration platforms that it operates,’ he said. He added that there is ‘significant organic growth potential in the near term, which combined with further cost synergies, should deliver low-teens cash returns in the next 3 years’.

[garycook] 11/8/2021 08:11

Did the same with ABDN,and MNG yesterday.Seems the norm atm.See PHNX rising to 800p by year end.