Phoenix Share Discussion Threads

[masurenguy] 24/6/2024 08:57

Well there is some trading volume this morning with circa 1m shares traded in the first couple of hours

[jubberjim] 24/6/2024 08:56

Glad you are happy GC

Gives me a lovely warm feeling

[gbh2] 24/6/2024 08:35

That would be a first in 20 odd years for me :)

[gbh2] 24/6/2024 08:03

imo the Monitor is showing signs of a large buy being fed in slowly, or it's just wishful thinking :)

[panshanger1] 24/6/2024 07:57

Interesting Expected this to drift back a bit this morning

[fenners66] 24/6/2024 06:32

Monitor news feed not working today ?

[masurenguy] 24/6/2024 06:21

"Phoenix has transformed itself from a small player to a blue chip by acquiring redundant life insurance policies and running them off for cash, which has funded large dividends. Questions about its long-term sustainability have grown, but Phoenix aims to focus on new growth areas rather than making large closed-book purchases, with a particular interest in pension risk transfers. The upside to its share price will come from management continuing with its strategy for cash generation & dividend growth. 483p"
Investors Chronicle

[garycook] 24/6/2024 01:50

Nice, Things back on subject now. Thanks all and GL.

[netcurtains] 23/6/2024 23:15

Gut feeling it’s the beginnings of a takeover
Apologies for making my opinion known on this tricky subject

[svend2] 23/6/2024 22:01

CASSINI Maybe let the Birds fly and possibly read the rewards of its returns the next few trading days are going to be interesting for sure.

[cassini] 23/6/2024 21:16

panshanger,

Yes, it's definitely not a wide window of opportunity, but if this mysterious price spike decays like the similar one in May did (see Skinny's chart), six weeks would see us back to where we were last week pricewise - maybe.

In a way it's about - is a bird in the hand worth more than two in the bush?

I'll see how it opens tomorrow...

[tournesol] 23/6/2024 21:15

Aspirin goI think this is a link to the piece you're talking about hTTps://seekingalpha.com/article/4700569-phoenix-strategy-for-rising-again

[panshanger1] 23/6/2024 20:16

Tricky to get your timing right with ex div for circa 5% coming up in September?

[aspringo] 23/6/2024 20:13

Just for info as not smart enough to post a link, piece on pheonix from seeking alpha.Effectively said worth it's current share price in their opinion all day long, with plenty of upside if management execute their plans. Sorry I can't post a link for more in depth, had a nice sunny shandy , cheers all

[cassini] 23/6/2024 18:43

The obvious question then becomes, is this a selling opportunity?

Not for laissez faire hands off investors obviously, but for gadabouts like me, looking for a way to opportunisticly offset that long term price decline.

Tricky.

There can't be a rate cut until August though so there may be a window of opportunity to bail out then get back in hopefully at a lower price...

[svend2] 23/6/2024 16:42

Indeed, if someone is quietly building a large holding, spreading the purchases out over several months would make it less obvious.

[masurenguy] 23/6/2024 14:34

On that basis you could consider the previous volume spikes on Friday May 3 & 31 also to be significant as they were both circa 400% above the daily average. However, the daily volumes returned to normal the following week to demonstrate that those Friday spikes were not significant. That was the whole point of my post #4394 above !

We will have to see whether the same subsequent pattern applies to the June 21 spike or whether this time there is higher daily volume buying that continues into this week.

[svend2] 23/6/2024 13:48

Masurenguy > If the average is between 2m and 4m then 14.3m is significant as it is more than 400% above the average anyways time will tell if this accumulation is done for now or if there is still more buying to come...

[skinny] 23/6/2024 11:59

free stock charts from uk.advfn.com

[masurenguy] 23/6/2024 11:48

Fridays "volume spike" (14.3m) is not necessarily significant. This happened twice last month on Friday 3 May (13.5m) and Friday 31 May (16.1m). In both cases daily volume returned to the average of between 2m and 4m during the following week. We would need to see much higher daily volumes - say circa 6m/7m plus - during next week in order to determine a significant change either in investor mood or attributable to some other beneficial factor.

[svend2] 23/6/2024 11:21

The spike in huge Volume speaks of the extraordinary accumulation, meaning someone is taking a serious interest in the company.

[rongetsrich] 23/6/2024 09:31

Watch and shoot! Aviva comes to mind, same thing last November which never even got to the rumour stage.