Phoenix Share Discussion Threads

[ptolemy] 03/1/2017 10:25

PHNX

Currently showing one of the clearest examples of George Lindsay’s uncommon technical pattern, “3 Peaks and a Domed House.” Question is are moves 26-28 complete?

[essentialinvestor] 29/12/2016 09:10

Added a few this AM.

Really wish I had topped up CSN a couple of weeks ago, hesitated.

[jonwig] 29/12/2016 07:39

Henry Staunton (PHNX Chair) used to be on the board of LGEN until 2013. A noted City grandee.

[garycook] 29/12/2016 02:55

Karen Staunton £280,118.Could it be the Chairman,s Wife or daughter ? Looking at Staunton,s holdings in PHNX.He holds 70,000 shares.20,000 purchased on 23/10/2015.He took up his rights in full of 11,666,and the latest purchase of 38,334.Also he owns 314,069 shares in LGEN.

[rcturner2] 28/12/2016 18:24

Significant purchase by director associate.

[garycook] 22/12/2016 13:46

RCT2,I believe you are correct on the Dividend.The actual quote from memory was 50.15p.

[rcturner2] 22/12/2016 13:30

One thing that might be holding the share back is that the current level of the dividend is on one level an unknown quantity. Although I assume that it will be about 50p, until Phoenix actually declare their next dividend no one knows for sure.

[skyship] 22/12/2016 09:31

Encomium - strewth Jonwig, would hate to play you at Scrabble!

Will try to get that one into general conversation over Christmas....will help to cement it into a diminishing brain...

[skinny] 21/12/2016 12:45

Not to be confused with Echium!

[jonwig] 21/12/2016 12:44

Sounds like an enema doesn't it. Painless but not discussed in polite company.

[rcturner2] 21/12/2016 12:42

I had to look it up.

[speedsgh] 21/12/2016 12:10

"He received an encomium".

Sounds awfully painful. Did it require a general anaesthetic? ;-)

[jonwig] 21/12/2016 10:30

He received an encomium, so probably not.

[essentialinvestor] 21/12/2016 09:38

Is the recent director departure in any way significant?, it seemed quite sudden.

[rcturner2] 21/12/2016 07:09

I doubled up on this yesterday.

[garycook] 20/12/2016 13:14

If Blackrock has topped up.Then they know its good value.

[stun12] 16/12/2016 16:20

Thanks, hiddendepths, I knew we were below the pre-rights price was wasn't sure how much. I even managed to pick up an odd amount to get me back to a round number (458 shares) at under £7 which was well over a 7% yield based on the estimated 50p divi.

[edmundshaw] 16/12/2016 13:50

hiddendepths, on the button.

[garycook] 16/12/2016 10:10

hiddendepths.I believe you are totally correct.

[hiddendepths] 16/12/2016 10:03

Just looking at this stock.

FWIW The share price has been weak because of the dilution effect of the rights issue, sometimes known as the bonus element of the rights.

This is how to get the theoretical ex rights price.

Before the rights was announced, holders had 12 shares (or a multiple thereof!)valued at 880p/share = £105.60

They receive 7 more shares at the 508p each = £35.56

So the new holding is 19 shares worth 105.60 + 35.56 =141.16

This is equivalent to 743p per share, known as the theoretical ex rights price and is the equivalent of the old 880p price.

So the shares are down about 3%, probably due to some insitutions reducing their weightings back to where they were before taking the extra shares. This is a normal and temporary overhang and should be corrected in due course.

[orinocor] 13/12/2016 16:00

up 6p
on fire


Phoenix Grp Hldgs
Regulatory Consent - Abbey Life Acquisition
RNS Number : 7468R
Phoenix Group Holdings
13 December 2016



REGULATORY APPROVAL - ABBEY LIFE ACQUISITION



Phoenix Group Holdings

13 December 2016


Phoenix Group Holdings announces that the Prudential Regulation Authority has consented to the acquisition of Abbey Life Assurance Company Limited

[rl34870] 08/12/2016 09:46

This share has been left behind in the recent rerating of financial stocks. Any reasons?