Phoenix Share Discussion Threads

[growthpotential] 01/10/2024 16:43

I heard Brigs was culling in order give a lifetime of possibilities

[netcurtains] 30/9/2024 16:14

I think you're right.

PHNX fell slightly less than LGEN and MNG so one assumes the fall might have had a slight break as some people are still holding out for the dividend and or buyers still buying for the dividend....

[dope007] 30/9/2024 15:13

Because they are UK ones?

[netcurtains] 30/9/2024 15:06

Do we know why all the shares are going down?
Is there a virus in the stock exchange?

[devonbeachbum] 30/9/2024 13:36

Guru -I was thinking more of the budget end of October, as could be some surprises. Like you, if I don't get the right price before ex div will have no probs being here longer term - as long as the current three year stays on track. Already picked up some nice dvidends so far. And 566 still gives me a yield of 9.41% @ 53.3p without doing anything.

[netcurtains] 30/9/2024 11:20

Yes goes ex-div on the third but sellers will want to lock in profits....

[gurunostradamus] 30/9/2024 11:13

Only reason I would sell is if I get the 6%+ and then I would wait to invest back in either PHNX, LGEN or MNG. The sell would be based on the assumption that there would be a correction leading up to the US election and a rise after the election results!

[spud] 30/9/2024 10:58

Interesting to note that most short term trades usually end up as long term holds.

spud

[mcunliffe1] 30/9/2024 10:56

If you take the profit Guru where do you then reinvest that profit?

I'm after overall growth and am very happy if that derives from dividends reinvested. Each March I extract from my SIPP and amount that I'm happy with given I'll be paying some tax as I'm in receipt of the full, new State Pension these days.

Thus far, since I last extracted £16k in March 2023, the SIPP has grown a further £19k. I trade rarely, in fact, the last purchase I made with the intention of selling after a hoped for 5-10% growth was ABDN. Bought at £1.65 and since then enjoyed an approx. £220 divi (reinvested) with a £98 loss in the holding. So, about £120 up on the deal thus far.

I'm likely to retain the ABDN holding now. Selling is, I find, the hardest decision.

[gurunostradamus] 30/9/2024 10:40

Given my buy price is around 541p, I am in two minds whether to take profits or wait for the dividend which is around 4.9%. If the price stays below 565p level then I am inclined to take the dividend and stay invested for the long term. However, if the price goes above 570p level then I would be taking profits and not the dividend!

[marine boy] 30/9/2024 10:32

Ex-divi is 3rd Oct so three full trading days before it goes ex.

[netcurtains] 30/9/2024 07:44

You would think there would be a big fall today
as pre ex-dividend sellers take profits...

Ready to buy again on the dip post ex-dividend.
We will soon know by - well by 4:30pm that is....

[devonbeachbum] 30/9/2024 07:25

Guru - FTSE steady today but others in the sector slightly down a touch. Any buyers from here onwards can only be here for the divi. Don't see it going much higher unless there is overall market increase and this gets swept up in that.

[gurunostradamus] 29/9/2024 14:55

DBB - of course there is still an outside chance that we get a double top around 580p levels tomorrow or early Tuesday and if this happen then I’m out of here without the divi but take the 6.8% on offer before the ex-divi date!

[petewy] 29/9/2024 14:39

Sept 23rd ii
Straight in at number one is life and pensions company Phoenix Group Holdings
, which makes its first appearance in the 10 most-bought stocks in ISAs since June.

[yump] 29/9/2024 10:09

The FTSE’s all time high is just above what it was in 2018.

Exciting isn’t it ?

So either that’s a diabolical risk if the US tanks, or a great opportunity if there’s a lot of funds looking for the next market that might give a decent rise over the next few years.

[devonbeachbum] 28/9/2024 20:14

feeling that may be the way forward for me Ron. Half hold and compound, half trade. I'd be very happy with 10% plus no problem,

[rongetsrich] 28/9/2024 19:07

Nobody KNOWS but you can usually extend an informed guess.No strategy works perfectly on its own, a hybrid with a moving fulcrum works nicely. Apart for using algos it's as good as you can be.

[devonbeachbum] 28/9/2024 18:14

Some good points being made here on both strategies. I'm currently fully invested but will take a pause should I get the right price here. I know nothing about POLR but have the same reservations as Wllm. I wouldn't buy any stock for trading that I didn't want to hold long term.

[tag57] 28/9/2024 18:00

Net, are you a trader or investor? I think about trading around the divi but ultimately I invested for compounding the dividend over time, either by reinvesting into Phoenix or using it to diversify further.
Ultimately no one knows what will happen to the share price on ex- divi day but at least you know what dividend you will get.
Personally I try to not get too excited by the share price movements and focus on the fundamentals of the business.

[netcurtains] 28/9/2024 17:33

This is my PHNX situation...
So far I have made about 5% gain in the share price.
If I wait for the ex-dividend date I get (I think) another 4%....

If I sell before ex-dividend date I definitely lose the 4%
but I definitely gain the 5% I have already made...

Greed says hold on and get the extra 4% - sure it might bounce down
but it probably will bounce back up....

Fear says : keep the 5% and walk away from the table...

As its stands Greed is winning.
So far I think I'll hold and try take the full monty.

[rongetsrich] 28/9/2024 16:18

The cost is minimal, Alan. You are looking at 0.5 percent, and a sale and a buy which is 8 pounds.

[rongetsrich] 28/9/2024 16:16

Graham, trading is great on this share. I've done similar on this and its peers.Plenty of numpties will decry you, but won't produce evidence of simply holding is best. Each to their own, it's the bottom line that counts.

[wllmherk] 28/9/2024 11:36

That is interesting Graham, there are definitely shares that you can trade in and out of. CSN used to be a good one, buy at 270p and sell at 300p, it traded in this range for years until interest rates rose, not sure if it has establised a new trading range or will revert to the one I describe as interest rates fall. My issue with POLR is they are an AIM stock, my record with small caps is poor so I tend to avoid. Also, the likes of PHNX, LGEN, MNG etc are unlikely to go bust so I sleep soundly holding these.

wllm :)

[grahamg8] 28/9/2024 10:54

Hold and compound the dividend is one way to play PHNX and similar shares. An alternative is to sell on rises and buy dips. If there is enough volatility then you should be able to make 10%pa pretty easily. POLR works best IMO as there is no stamp duty, it's pretty volatile and gives a good divi while you wait. Since April 2022 I have 9 buys 8 sells and never fully sold out, earned 5 dividends on the way. Comfortably in front even though the share price has fallen by 10% in that time.