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
  21.80 3.20% 703.10 1,094,834 16:35:20
Bid Price Offer Price High Price Low Price Open Price
702.50 703.10 704.50 681.00 681.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 2,549.00 259.00 66.80 10.5 5,072
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:30 O 1,663 703.10 GBX

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Date Time Title Posts
14/9/201915:51PHOENIX GROUP ::::::::: Zombie Fund3,485
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 681.30p.
Phoenix Group Holdings Plc has a 4 week average price of 626.40p and a 12 week average price of 626.40p.
The 1 year high share price is 735.20p while the 1 year low share price is currently 537.50p.
There are currently 721,405,434 shares in issue and the average daily traded volume is 1,101,147 shares. The market capitalisation of Phoenix Group Holdings Plc is £5,072,201,606.45.
jonwig: According to the FT, PHNX's beta is 0.85, so in a loose sense, 85% of its share price movement is "with the market". Put another way, if the FTSE100 falls 1%, PHNX can be expected to fall 0.85%. I think the beta coefficient is calculated over a number of years of data. Recently PHNX has underperformed by quite a bit. (10% over 1yr vs 6% for FTSE.) Personally I'm much more concerned about a prolonged period of near-zero rates globally than a minor local event. The eurozone banking system will possibly need a bailout, and I'm not at all clear about what will happen to insurance solvency under these conditions. If someone can throw more light on this I'd appreciate it.
jonwig: CSN has a more volatile share price (or it seems so to me). Things like L&G aren't pure closed-book companies. I wonder what the future of annuities will be? At near-zero rates why buy one, when you're giving up your capital? We offer annuities to existing policyholders when their pension policies vest across both the Phoenix Life and Standard Life product ranges. The majority of our vesting annuities are from pension policies which included guaranteed annuity options on maturity.[AR 2018 p14.] That looks like a risk to me.
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.
tournesol: schoflp So do you think that the weak pound was what caused the fall in PHNX at the end of last year? Might one argue that a weak pound makes UK stocks cheaper for those from other currency zones - so likely to support the share price rather than depress it?
tournesol: I think you have misunderstood my comment. Far from bringing politics into this discussion, I'm objecting to other people dragging politics into it. I'm also objecting to attribution of causality which is not supported by evidence. We hear this being done all the time. eg 1 "The Dow fell today because of increased tension in the Gulf." eg 2 "The Dow rose today because of increased tension in the Gulf." It is always useful to report fact - ie that something rose or fell. But when causality for the rise/fall is then attributed to some factor then it is not objective simply to rely on assertion alone. That way lies fake news. The problem is the "because". To claim that a fall in PHNX was caused by Brexit is prima facie lacking in objectivity. Do we think that Brexit influenced the entire market or just PHNX? Is there a particular negative/positive issue which relates specifically to PHNX but not other stocks? Why do we think that Brexit affected PHNX in a specific period but not before or after? What other factors might explain share price weakness? My portfolio, like many others is displaying Goldilocks characterisitics - some stocks have risen, some remain unchanged, some have fallen. Can I safely blame Brexit for the fallers? If so, should I give credit to Brexit for the risers? You get the general idea. My reference to the BBC arises from my observation that their once rigorous reporting of news has become increasingly influenced by political bias. Last week they said that language teaching in schools was being scaled back because of Brexit. I mean really? That's just lazy reporting. It's making Brexit into a pantomime villain. All I want is that we stop blaming Brexit (or anything else) for things which are most probably unrelated.
schofip: My recollection of the last rights issue, which I took part in and bought additional shares was that the share price virtually collapsed soon after by about 20% and still has not fully recovered to where it was. So rights issues aren’t exactly a one way street,
aleman: Last August the 10-year gilt yield was 1.7%. Now it's 0.8%. Where is the corresponding fall in PHNX's yield through a higher share price?
garycook: Pierre O'Reilly.The last PHNX RI was issued on 28/09/2016,at 508p and until payment day PHNX only dropped to a intraday low of 699.90p on the 02/11/2016.On the Nil paid Rights day on 25/10/2016.The PHNX share price ranged from 730p to 780p,and finished at 755p.PHNX share price has only dropped below £7 once since until now on 12/12/2016 at 697.50p The Offical Nil Rights price on 22/06 is 691p.Mr O'Reilly if PHNX drops to 518p,then you need to buy as many as you can afford,because PHNX at 518p will not be at that price very long if at all.IMHO around the £7 area is as low as the PHNX share price will go Sir !!!
jonwig: Just to add to #2703: the PHNX RNS on 23 Feb was made when the share price was around 750p, so the calculation would have been (assuming 1:2) as follows: Existing shs ... 393.26m @ 750p RI shs ......... 196.63m @ 483p Total .......... 589.89m @ 661p SLA award ...... 147.38m @ 661p = £974m, which looks about right. But, now that the PHNX share price has risen to around 795p, SLA are indeed getting their shares on the cheap! If the PHNX share price had fallen in the interval, the opposite would have been the case. They could rectify the situation by accepting that they need to raise less that £950m or by reducing the cash consideration - I doubt either will happen!
stun12: That would be quite the lump to add. Personally, I'd like to see it happen, though no doubt some volatility in PHNX share price would ensue. Is this why we've had a few days of mild down when the wider market has been ticking up?
Phoenix share price data is direct from the London Stock Exchange
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