Phoenix Share Discussion Threads

[stun12] 19/10/2021 19:03

MNG still lagging too. Nice to see PHNX doing better again.

[williamcooper104] 19/10/2021 13:48

Wondering if Swiss re related

[williamcooper104] 19/10/2021 13:47

Was wondering LGEN down a little and flat market

[nigelmoat] 19/10/2021 13:25

Perky here today. Any news or upgrade?

[my retirement fund] 18/10/2021 23:38

You'll find Porche face down in the toilet at parties with a load of white powder around the floor tiles and a smoking burnt roach burning a hole in the shower matt.

[pander45] 18/10/2021 19:41

So negative. What happened to make you so venomously bitter?

[linton5] 18/10/2021 12:49

Gap at 650 porshobutt

[alter ego] 14/10/2021 17:06

Life expectancy fell slightly over the last year because of covid which may be a positive for annuity providers. Whether it is a trend is yet to be seen.

[williamcooper104] 14/10/2021 16:20

And the growth in pension risk transfer on higher rates could be exponential for a few years; thus it's great that PHNX has uped its ability to price across most of the pension risk transfer market Must check again the relative valuations of UK relative to US life companies - last I looked their was a big discount and all do the big PE houses want to own life companies now

[williamcooper104] 14/10/2021 16:17

Generally yes higher rates all other things being equal should be positive The biggest sensitivity to their capital position was to longtivity - but what they don't model is how that risk is lessened if rates are higher - eg if you write an annuity at 3 percent and the annuity holder lives 20 years longer than expected then you've to reinvest for another 20 years; if you are reinvesting at 1 percent then there's a big problem; if you are reinvesting at 5 percent then there's no problem Also higher rates reduces the cost of corporates transferring their pension schemes to insurers, so is likely to see more growth in earnings from pension risk transfer

[williamcooper104] 14/10/2021 16:13

Those director buys looking good

[skinny] 14/10/2021 10:52

Yes - just above the 50DMA.

[bluemango] 14/10/2021 10:43

A glance at, say, the five year chart shows this is actually around the middle of its normal range. Year high was 824p.

Plus with inflation and general market concerns there will be a flight to relative safety and the excellent yield here.

[rogerbridge] 14/10/2021 09:56

Cheap as chips

[aleman] 14/10/2021 09:54

Rising interest rates? I thought rising inflation and interest rates meant less spare capital had to be held against future liabilities so that unlocks more cash. I could be wrong. I usually get lost in complexity when I try to understand it.

[warranty] 14/10/2021 09:48

Anybody any idea why we’re suddenly going up sharply here, I’ve not seen anything to justify it, or is it just that PHNX is very cheap?

[xasy] 14/10/2021 03:36

the combination of AIDS dementia and Tourette's is quite ugly

[wllmherk] 13/10/2021 11:53

Yep, joined my filter list as well.

wllm

[alter ego] 13/10/2021 08:34

unfortunately that poster isa a repeat offender. already filtered ages ago.

[bothdavis] 13/10/2021 08:30

My Retirement Fund..............filtered.

Such language is unacceptable on ANY thread.