Phoenix Share Discussion Threads

[mister md] 19/4/2024 14:00

There are currently plenty of high yield shares out there. The trick is determining which ones have shareprices which will catch up & bring the yield back to normal levels and which ones are going to cut or cancel dividend altogether (which in turn often leads to further shareprice declines). Historic pay-out trends, dividend cover etc all help decide.

[philby1] 19/4/2024 13:17

Great post Kenmitch. Always used to read your insightful posts on the MW site and have since bought many of the high yielding stocks that you mentioned.

[kenmitch] 19/4/2024 12:57

gbh2

I’ve just added to my post in response to your “head in the sands,”reply. I.e Pension Funds shunning the UK market.

[cwa1] 19/4/2024 12:55

I hope this hasn't already been posted, apologies if it has:-

RBC raises Phoenix Group price target to 615 (600) pence - 'outperform'

[gbh2] 19/4/2024 12:52

LOL, I may be a holder but I refuse to stick my head in the sand!

[kenmitch] 19/4/2024 12:49

The dividend data site is THE go to site for accurate dividend information. And they update as soon as a dividend is announced. Here’s the page for PHNX and in it is a link for the historic record of Phoenix’s dividends. Note that they have INCREASED the annual dividend every year since 2015!



The dividend yield is about 11% and that’s a decent return even without any share price gains.

AND if the share price falls that’s a good opportunity for top ups to get an even bigger dividend yield, especially as there’s a high chance they will continue to increase the annual dividend.

Posters who think buybacks are the solution perhaps still don’t realise that buybacks make it easy for SELLERS as they’ve got a willing buyer of their shares. I.e Phoenix. And lots of selling doesn’t help the share price.

PHNX is getting it right imo. Those who disagree have the obvious option …SELL!!

It’s strange how posters moan about shares they hold instead of selling and moving on to shares where they are happy with Management AND have confidence in the Companies they hold. We surely want portfolios we are happy with?

I’m very happy with Phoenix. It’s NOT the fault of Management that the share price performance has been so dismal. The same applies to so many UK shares, including others paying huge dividends and buying back heavily. The key reason UK shares are so unloved is Pension Funds refusing to invest in the UK. If that changes (perhaps via effective Government incentives to pension funds and other big investors to invest in the UK) then shares like Phoenix, MNG, LGEN, AV. etc etc will go up a lot…..and will bring dividend yields back to more normal levels as a result.

Meanwhile just enjoy the huge dividends and look, as I have now, to have a portfolio FULL of very big dividend paying shares and Investment Trusts.

[skinny] 19/4/2024 12:47

A Happy Friday to our resident down marker (not).

[skinny] 19/4/2024 12:41

I prefer to work with birds in the hand.

But yes - 'adequate' :-)

[gbh2] 19/4/2024 12:40

Only because the share price is very low,

[cyberbub] 19/4/2024 12:38

We're splitting hairs... The divi is basically *very high* :-)

[cassini] 19/4/2024 12:36

Final divi took the dividend over the last year to 52.65p.

However, the final divi was 26.65p, up 2.5%.

Annualising that (going forward) gives a full year dividend of 53.9p.

[skinny] 19/4/2024 12:25

Surely 52.65 / 476 = 11.06%.

[cyberbub] 19/4/2024 10:06

Simple maths, 54p divi / 476 share price = 11.3%

[paulboz] 19/4/2024 10:01

It may well be right. I queried a yield with them recently and this was their reply:Our yields are forward looking not backwards looking and take account of the timing of the various dividends, so can be considered to be an APR.

[barnes4] 19/4/2024 09:49

Unbelievable this

[montyhedge] 19/4/2024 09:29

On dividend max they have the yield at 11.2% is that right? If it is better than I thought.

[yump] 19/4/2024 09:29

Someone mentioned MNG also taken a disproportionate hit, so its not necessarily company specific.

I see advfn numpties around in volume.

If you’re an income investor posting on an income stock, that your capital has just been eroded, based on a week’s movement, then either:

1. You’re just posting because you’ve got nothing better to do and just having a moan.

2. You’re an idiot with no strategy

3. You’re a trader not an income investor.

If you’re a trader make the most of it.

[skinny] 19/4/2024 09:24

A bit like ABDN......

[thebutler] 19/4/2024 09:20

Totally agree, jonny, a share buyback is a no brainer. Poor strategy by PHNX which is being reflected in the share price They only have themselves to blame.

[monet] 19/4/2024 09:14

I think it was no coincidence last time barclay's was downgraded the market futures were down about 80 pre market this morning about 45.(UK stocks are expected to drop sharply on Friday morning after a flare-up of tensions in the Middle East.

The FTSE 100 was being called to open around 60 points lower than Thursday's close 7,877.05 – a drop of 0.8%.)
I think they're doing it for maximum damage to the share price.

[spud] 19/4/2024 08:51

My view fwiw and I'm not normally one for conspiracy theories.The Institutions are deliberately forcing companies share valuations down through downgrades. Their aim is to force those companies to instigate buybacks which in turn will allow those selfsame Institutions an easy exit route from the FTSE.spud

[adejuk] 19/4/2024 08:50

jonny - not a fan usually but if there is ever a good time, imo this is it.
i think barclay's behaviour is strange. collusion with shorts?

[jonnybig] 19/4/2024 08:48

They need to announce a share buyback ASAP and hoover up these cheap shares

spud