Phoenix Share Discussion Threads

[gbh2] 18/6/2024 13:32

I've lived through a few Labour governments and never found them cheap or productive.

[mcunliffe1] 18/6/2024 11:52

We all have bad day gbh2. Mine was earlier at B&Q ;-(

I know little of Starmer so I hope you are at least partly incorrect scruff1.

[gbh2] 18/6/2024 10:11

MC - I only trust the next dividend payment, after that it's all guesswork imo.

My plan, I currently stand to receive a few thousand pound from the next dividend, however I "think/hope" the capital gain on my holding in the run up to the next dividend with exceed what I would receive if taking said dividend. If so, how I act will be governed by what we find out once Labour start to show their true colours.

All that aside, calling a fellow contributor a silly sod, is not my usual approach (unless I'm dealing with a brainless fool attempting to destroy a Forum) so I apologise, I was having a bad day.

[mcunliffe1] 18/6/2024 09:18

On that same logic gbh2 there's no guarantee that the 'next' dividend (interim) will be paid. So, technically, we buy shares in the hope of (in this instance) 11%

I can see what you're trying to suggest but other than Labour nationalising Phoenix Group I could not envisage how even Labour's antics could have such a devastating effect in such a short timeframe to cause the cancellation of dividends.

One possibility may be....... Starmer forms the next government and is appointed Prime Minister. Waits a month, resigns and hands over power to Corbyn who with the backing of the unions is then elected leader of Labour and hence, Prime Minister.

Cameron, May, Boris, Truss, Sunak. Precedence well and truly set.

[gbh2] 18/6/2024 07:48

The dividend left for this year 5.25% when buying at £4.83
No one knows what may happen when the Labour thieves are in government so claims of 11% are silly imo.

[cwa1] 17/6/2024 20:14

Funny old world. I'm always looking for what I perceive to be "silly" and am usually gleeful to alight upon it. Takes all kinds to make a market I suppose☺ᥧ9;

[marine boy] 17/6/2024 18:45

The greater the pressure on the spring, the bigger the rebound.
Unless PHNX inform otherwise, I'll take it that everything under the bonnet is tickety-boo & the slide in the share price is just markets being silly.
And we don't want silly.

[mcunliffe1] 17/6/2024 17:38

Better than an annuity. Assuming the PHNX share price doesn't drop to zero an income seeker comes out OK compared to the annuity buyer.

[cyberbub] 17/6/2024 17:12

Not a daft sod at all?!Buying today gives you a divi of 11%. Basic maths.If someone bought higher up they also have unrealised capital losses. Obviously (smacks head). That wasn't the point being made though.

[gbh2] 17/6/2024 16:37

I've traded it down so my ave is ca 495p and look to dump it in the run up to the next ex dividend date, at which point I hope to have ca 4% profit.

None of which alters my opinion of the silly claims re 11% dividend when it's clearly as consequence of a dire share price performance.

[lord loads of lolly] 17/6/2024 15:57

gbh2 - capital losses can't be overlooked.

That said, you did post on here earlier today saying you'd added. So presumably you see the current share price as decent value, even though you plan to ditch once you're in profit.

[gbh2] 17/6/2024 15:41

"11% divi at these prices?"

Daft sod, look at your capital loss,

[lord loads of lolly] 17/6/2024 15:40

The dividend looks great until you study the long term share price.

Its trend has generally been downwards since the end of 2020.

Over the past 5 years, the share price has dropped more than 30%
And over 1 year, it's down nearly 13%

Both of which put the divi into perspective.

Things may improve once we see there's a sustained trend towards lower interest rates. But in a way that's a given already, so probably priced in to some extent. The only unknown is how far & fast rates here & elsewhere will fall.

I'm not a holder here yet, but am monitoring the share price and would be tempted to buy at around 450p if it ever gets there.

[bpc10] 17/6/2024 14:19

11% divi at these prices?

[mcunliffe1] 17/6/2024 13:11

scruff1: I'm fine with wider discussions than PHNX even on a Monday as little will be happening on the markets between now and July 4th in my opinion.

But, you may get some more input on Chomsky if you ask on the SHA thread here on ADVFN. It would also benefit us on the same thread to have an input, even if second hand, about events in Dubai and A.I. in general.

SHA is here:

[cassini] 17/6/2024 13:00

Well whatever Marr believes, whether he is inside The Matrix or not, here is the three minute clip of Chomsky and Marr that I just attempted to paraphrase, well worth watching IMO:

[scruff1] 17/6/2024 12:53

Yep. I was aware of his linguistic and philosophical work but he seems to have become a bit of a left leaning political activist. I just wondered if anyone could provide some clarity. Thanks for your comments

[gbh2] 17/6/2024 12:46

Yet another lack luster day for the sp, I added again but the next time I see a profit I intend dumping the lot.

[tornado12] 17/6/2024 12:45

The share price remains in doldrums while no clear water for interest rate or bond yield cuts. French elections adding fuel to fire and some months away before trading update. I don’t see strong positives to recover share price in near term. Could be more pressure on the down side. Sitting on my hands until results GLA

[scruff1] 17/6/2024 12:44

tournesol
Not a lot to be honest but the son in law whos a director of an international company developing AI and based in Dubai is doing a PhD E-Research and technology through Lancaster University. He uses me as a sort of intellectual testing ground as he develops ideas for his thesis. I have my doubts about where AI is heading. He has no such reservations (hes in his 40s, Im in my 70s !!!) We have online debates and he sends articles for me to consider and to issue a response. The last one was largely about Chomsky (who I never thought had any great input into current AI thinking) and I thought his ideas were a tad weak. I just wondered if anyone had any deeper insight into the man that could help enlighten me. Obviously nowt to do with PHNX for which I apologise - but it was Sunday!

[skinny] 17/6/2024 12:13

I thought that's exactly why he left the BBC.

[cassini] 17/6/2024 12:09

I remember Chomsky talking on TV to Andrew Marr about bias in the media.

From memory, Chomsky imputed that Marr was a water carrier for his masters, so to speak.

Marr was gobsmacked and a bit indignant. He asked Chomsky if he was questioning his journalistic integrity and independence?

Chomsky's reply was along the lines that Marr's bias wasn't conscious as such, but did he really think that he'd have been given his job if his masters hadn't been confident he had the right [i.e. their] world view and would therefore do the 'right' thing?

Chomsky was certainly right in the respect that one doesn't get promoted if one is going to contradict, ring the bell on, or undermine one's masters. Marr was a 'safe pair of hands', much like my Tory MP, who's first loyalty was always to his party, not his constituents, IMO.