Phoenix Share Discussion Threads

[growthpotential] 02/7/2024 17:07

Phoenix needs to not give in to the woke DEI agenda

[gbh2] 02/7/2024 13:01

I sold 50% @ 530.92P so very pleased with today's drop.

[cassini] 02/7/2024 12:50

gbh2

Good timing, better than mine! I'm still out on the 20% I sold at ~523p.

Patience needed...

[gbh2] 02/7/2024 12:32

I've now bought back those I sold yesterday.

[gbh2] 02/7/2024 12:25

Insurers are a necessary evil.

[divmad] 02/7/2024 11:56

Which insurer has returned the highest total return over a medium to longer term period, I wonder?

[petersinthemarket] 02/7/2024 11:52

I share the commonly held doubts about the way the PHNX business is managed, but a near 10% yield makes me hesitate to hit the sell button. pete

[nablus07] 01/7/2024 19:04

wba1 Thanks for your comment. I suppose one expects the worst from Phoenix because of their desperately bad reputation with customers. I know this has been discussed many times on this board and illustrated on public reviews like this one [...]

I used to hold shares in Phoenix but take the view that if their customers neither like or trust them, they are unlikely to be a good long term hold but of course we must all make our own decisions.

[wba1] 01/7/2024 17:28

Apparently the banks faster payments system is still holding up some payments after the problems which appeared on Friday. I do not know whether pension payments from Phoenix are affected (and it may depend on where they are going) but it is a possibility.

[nablus07] 01/7/2024 17:24

Thanks MCunliffe1. At least Standard Life was able to make its payments on time! It doesn't seem a lot to ask but as you may have read on older comments here (and elsewhere) that Phoenix (under its various names) has very poor customer ratings. If customers wished for something better than the service we got from Standard Life, I don't think the Phoenix / Tata approach was what they had in mind.

[mcunliffe1] 01/7/2024 16:55

nablus: Hi. I had to chuckle when I read your comment in post #4527 thus:

"This may be because the Phoenix / Tata organisation is less efficient than Standard Life"

Having been a Std Life With Profits pension plan holder (several to be precise) for many years the thouoght that they could be efficient I find laughable.

Worry is, now I've moved my pension to an ii SIPP I have a large investment in Phoenix Group. Perverse, I agree.
I hope your payment arrives tomorrow.

[netcurtains] 01/7/2024 14:54

Of all the big pension/insurers
PHOENIX has the lowest market cap compared to its turnover.
This might mean (if we're lucky) that Phoenix is significantly
undervalued compared to its peers. Touchwood.

[skinny] 01/7/2024 14:49

Indicators looking positive and looking to close the gap @540p.


free stock charts from uk.advfn.com

[nablus07] 01/7/2024 14:27

I have an annuity with Standard Life. The money has always arrived in my bank account on or by 1 July. Phoenix recently acquired the policy from Phoenix (without the stakeholders ever being asked to approve the deal) and this year the money has not turned up on time. This may be because the Phoenix / Tata organisation is less efficient than Standard Life or yet another example of Phoenix being uncaring about its customers. Either way, it looks bad.

[cassini] 01/7/2024 13:37

Re: #4525,

I hope so.

I have money in CSN, PHNX, LGEN, MNG and AV. prefs (GACA, AV.A) and only the prefs have shown any trend towards capital appreciation. MNG has been OK I suppose.

I know, they're not growth stocks, but divi stocks ought at least to keep pace with inflation (over the long run).

[ttcroft] 01/7/2024 13:25

Not ambitious at all. It was 750 plus before this rate hike cycle began. 600 is nothing when the money begins to shift.

[panshanger1] 01/7/2024 12:57

Ambitious I would have thought !!Certainly on a nice uptrend since the sun life announcement

[ttcroft] 01/7/2024 11:34

This will be over 600 by August when it's probable a there will be small rate cut. Money will pile into this and LGEN at these yields from safe havens.

[svend2] 01/7/2024 10:52

cyberbub agrees once the price closes above 530 following 8-9 daily consecutive higher lows indicating persistent price accumulation i.e. the train has departed from the station and is heading towards a retest towards 560 meanwhile further out consensus analysts' target price remains at 591.5 some 10% above here and potentially violating/breaking the 4 years weekly/monthly down channel resting somewhat above 567 Note also the monthly volume is above average for the past 4 consecutive months.. GLA

[cyberbub] 01/7/2024 10:00

Heading back to 560 possibly?If you look at the recent rise on the 3-5 year chart, it's now starting to form something that looks like a bottom formation after the long down-channel?

[growthpotential] 30/6/2024 22:50

Briggs is bringing this company down

[montyhedge] 30/6/2024 09:03

You're right growth like Bats in the dividend when you're getting such a high yield. That's the way I look at it.

[williamcooper104] 29/6/2024 19:34

There's a lot in that but would add that being listed in the UK means it's cheap So a take out at some point is possible, which to my mind is a little more likely than their being some horrific skeleton The biggest tail risk I'm worried about is Ozempric and what it could do to longtivity especially for those most likely to have an annuity

[spud] 29/6/2024 19:02

PITM - It's a dividend/yield stock, not a Growth one. I thought everyone knew that right?spud

[my retirement fund] 29/6/2024 18:07

It's gor 280BN of AUM, and the problem is it's all but tied to the British Economy that, as you well know, has flatlined since Brexit and there's little reason to imagine that situation will improve anytime soon. Anyone investing here with even the remotest hope of capital growth will be on a fools errand. Clearly you made a mistake Petersinthemarket, this is an investment that has a shrinking capital base as it makes good its books and therefore you should expect it to remain at a significant discount but simply enjoy the dividends thrown off whilst hoping there's no skelingtons hidden in those books otherwise a significant chunk of your investment may disappear in a flash along with your dividend income.