Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group Holdings Plc LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -11.00 -1.49% 727.00 1,345,435 16:35:05
Bid Price Offer Price High Price Low Price Open Price
726.20 727.00 740.00 726.40 732.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 4,182.00 351.00 8.70 83.6 7,264
Last Trade Time Trade Type Trade Size Trade Price Currency
18:40:54 O 2,536 731.416 GBX

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Date Time Title Posts
02/3/202123:52PHOENIX GROUP ::::::::: Zombie Fund4,375
02/3/201616:56Phoenix Group latest news and comments-

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Phoenix Daily Update: Phoenix Group Holdings Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PHNX. The last closing price for Phoenix was 738p.
Phoenix Group Holdings Plc has a 4 week average price of 688.20p and a 12 week average price of 667p.
The 1 year high share price is 824.40p while the 1 year low share price is currently 459.05p.
There are currently 999,224,466 shares in issue and the average daily traded volume is 1,602,836 shares. The market capitalisation of Phoenix Group Holdings Plc is £7,264,361,867.82.
zangdook: 27 July, after new shares were issued for ReAssure, SL held 144,114,450 directly and 34,686,092 indirectly, for 17.9%. 24 December SL held 144,114,450 directly and 24,345,899 indirectly, for 16.86% So they disposed of just over 10m indirectly held shares - perhaps Claire H means they didn't sell any actual shares, just some derivative. Not counting the indirect holding would fit in with the "approx 14%" statement.
bluemango: Thanks. This is curious - perhaps she's going by the Company's website, which appears not to have been updated to reflect the holding notice of 24th Dec reducing from 17.9% to 16.86%, nor the info released yesterday to say that SLA's holding had dropped further to 14%? Here's the current company website page stating 17.90%: hTTps:// Which doesn't reflect this Dec 24th holding notice reducing from 17.90 to 16.86%: hTTps:// Nor this extract from yesterday's news release: "SLA became a leading shareholder in Phoenix and today has a strategic shareholding of circa 14%."
bluemango: A different take here, on the Standard Life story. "Standard Life already sold its insurance arm to Phoenix in 2018. Standard Life Aberdeen took a significant stake in the provider as part of that deal. The Phoenix business only benefits from scale, so Standard Life Aberdeen may cash in by proxy through selling more parts of its business to the provider, since that may see Phoenix’s share price rise" hTTps://
bluemango: A final comment from me on the previous dividend guidance. If full year dividend does become 48.2p, that makes the yield at current price an enviable (and sustainable) 6.78% - which should obviously, all other things being equal, put more upwards pressure on the share price
bluemango: speedsgh9 Mar '20 - 08:11 - 3697 of 4318 0 1 0 Future dividend guidance in today's results... HTTPS:// "The Group's enhanced cashflow profile post the acquisition underpins the Board's proposal to increase the final 2020 dividend per share by 3%." So final payment in May 2021 will increase to 24.10p. I assume that this increase will apply to both interim & final payments from May 2021 onwards? If so, full yr dividend post increase becomes 48.20p. FY19 final - 23.40p/share (payable May 20) FY20 interim - 23.40p/share (payable Sep 20) FY20 final - 24.10p/share (payable May 21)
soi: HI I cannot offer a view on why the drop in PHNX share price albeit stocks generally seemed to be struggling much of the day. I got back in lower than my 727 sell price and with some adds hold more than twice my prior holding. Poor initial entry @ 706, then added down to 691. This a mix of share buys and SB ( spread bet ) longs. More so on the latter. I do not think I would add any more share buys, SB longs maybe a bit more. GL All
jonwig: mrf - there are some companies which generate oodles of cash but no organic growth. They pay out the cash and raise new equity if they want to grow by acquisition. Their share prices are determined by a simple calculation of discounted cashflows PLUS market sentiment. Phoenix is one such; utilities, infrastructure funds, renewable energy funds, even insurance companies are like this. So ask yourself, why should investing in an offshore wind farm have anything to do with Brexit? Why should investing in Phoenix have anything to do with Brexit? There are no factors which impact. An investor should not lament the political situation and complain. He should ask, given the situation, how can I best make money or avoid losing money from circumstances which are above my control. Moaning never made money!
lauders: Given PHNX's strong ESG stance now some may consider the Social part of their policy at odds with the benefits that may result from the discussion above. A bit of a catch 22 situation or am I mistaken? This piece, while a promotional one to a great extent, makes some interesting reading. I am happy, after watching the recording of the last Capital Markets Day, that the dividend is safe for many years and with future M&A activity may grow. Https://
jonwig: Yes, this was on the 1 o'clock news. You either accept this as a welcome positive news item for the share price, or decide not to invest in PHNX for ethical reasons. The major drug companies involved have made a limited decision to sell at no profit, but that's a different matter as tey aren't bound by long-term contracts.
speedsgh: Very reassuring results today. However, there surely has to be a reasonable chance that the PHNX share price will fall below 650p what with the rising levels of uncertainty (Brexit, US-China trade war, Iran...)? In such circumstances company fundamentals often go out of the window, irrationality reigns. I would view such an eventuality as a decent top-up opportunity.
Phoenix share price data is direct from the London Stock Exchange
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