Phoenix Share Discussion Threads

[jonnybig] 18/9/2024 15:18

Nearly sub 540, exactly as I predicted. But still looking very weak. May hold out for circa 500

spud

[gbh2] 18/9/2024 14:24

That will depend upon the company being in a position to maintain its dividend, silly comment without knowing the facts!

[gurunostradamus] 18/9/2024 14:23

Well could not resist the opportunity to buy at 540.65p - it seems rude not to accept 15% yield over the next 13 months. This is my first investment with PHNX.

[panshanger1] 18/9/2024 11:25

Anyone buying today will get 15% back in dividends over the next 13 months Fully loaded otherwise I'd be adding !

[mylands] 18/9/2024 11:05

Looks like we are heading for an exact 10% yield.

[kernelthread] 18/9/2024 09:39

Well it looks like it will reach their "price target" today, so that was an easy call. Not very useful, but easy.

[shbgetreal] 18/9/2024 09:37

Why does anyone pay attention to these charlatans lol

Watch every 'elite' investment bank zip their forecasts up and down every few months and get it wrong almost every time.

[skinny] 18/9/2024 09:14

FWIW :- Goldman Sachs starts Phoenix Group with 'sell' - price target 543 pence

[netcurtains] 18/9/2024 07:31

MNG not evens on morning...
so fall not univeral.

[klotzak] 17/9/2024 20:37

To call her a cxxt would be worse.
She used to be really pleasant but I think her massive Covid loss took her to the brink. Have a read back, all there.

[neilyb675] 17/9/2024 19:41

WHEN IS EX DIV ?

[nerja] 17/9/2024 16:47

Well the yanks sucked them in but is it a blow off top, time to be very very careful for me, buy the rumour sell the news for me a good possibility.

[kirkie001] 17/9/2024 15:33

It was there yesterday, @grahamburn ? Including a version with the management comments helpfully annotated.

[grahamburn] 17/9/2024 14:25

Has anyone seen the company presentation from yesterday. RNS said it would be available on the company website following its conclusion at this link



but can't find it there.

[mcunliffe1] 17/9/2024 13:35

Same link as PJ84's (thankyou) without a paywall.

[pj84] 17/9/2024 12:03

A warning from the City regulator that it is investigating the market for protection products has derailed a plan by Phoenix Group to sell its SunLife business.

[yump] 17/9/2024 11:27

That would be comical if they didn’t get paid a fat salary for pen-pushing.

[cwa1] 17/9/2024 11:20

JPM going out on a limb with this price target increase ;-)

JPMorgan raises Phoenix Group price target to 510 (505) pence - 'underweight'

[jubberjim] 17/9/2024 11:07

I think I must be near the top for the most downticks

Thanks to A.W and his accolytes

Just out of interest anyone know what the record is

[jubberjim] 17/9/2024 10:14

Skinny

I would like to offer 'How pickled is the market'

Making money by sitting in the warm autumn sunshine and slowly getting pickled.

Not making any money but not worrying or losing too much either

Oh if life was always this simple

Good luck everyone

[woodhawk] 17/9/2024 10:12

Almost every single thread I watch seems to have a resident down-ticker making it even more of an utterly pointless exercise.

[laurence llewelyn binliner] 17/9/2024 10:02

IIRC the IFRS reporting rules on hedges are confusing, losses are reported if the spot prices are ahead of your locked in hedges, you report a loss against what you would have made not what you actually made so it looks upside down, if the hedges are ahead of the spot prices then you report the profits you would have made..

FCF is what matters.. :o)

[fenners66] 17/9/2024 09:52

kibes - its not the usual kind of business.
Loss as a result (some will put this better than I can) of a mark to market of interest sensitive investments that are most likely held to maturity and are locked in vs their liabilities. When interest rates reduce the unrealised losses reverse.
If liquidity was horrific they may have to crystalise those losses to gain cash.
But , and this is why liquidity matters more , they generated oudles... was it £900m+
so dividends can be increased not reduced.
Its the cash that matters.

[kibes] 17/9/2024 09:43

£646 million loss and shareholders equity on the balance sheet reduced to £1.8 billion? How can this have a market capitalisation of £5.45 billion? I don't get it. Where is the good news?