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PHNX Phoenix Group Holdings Plc

538.00
3.50 (0.65%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  3.50 0.65% 538.00 1,167,597 16:35:07
Bid Price Offer Price High Price Low Price Open Price
538.50 539.00 540.50 532.50 533.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 22.81B -116M -0.1158 -46.55 5.35B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:49 AT 443 538.00 GBX

Phoenix (PHNX) Latest News

Phoenix (PHNX) Discussions and Chat

Phoenix Forums and Chat

Date Time Title Posts
26/7/202417:51::: PHOENIX GROUP ::: [Moderated]4,838
12/12/202310:02The Phoenix Group PLC171
24/7/202313:46PHOENIX GROUP ::::::::: Zombie Fund6,827
02/3/201616:56Phoenix Group latest news and comments-

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Phoenix (PHNX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:36:49538.004432,383.34AT
2024-07-26 15:36:49538.004432,383.34AT
2024-07-26 15:35:07538.0027,435147,600.30O
2024-07-26 15:35:07538.00353,0451,899,382.10UT
2024-07-26 15:29:55539.00316.17AT

Phoenix (PHNX) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by 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 534.50p.
Phoenix currently has 1,001,544,989 shares in issue. The market capitalisation of Phoenix is £5,398,327,491.
Phoenix has a price to earnings ratio (PE ratio) of -46.55.
This morning PHNX shares opened at 533p
Posted at 04/7/2024 11:27 by gbh2
The news about PHNX is there's new news anywhere about PHNX, the share price is weakly following the market trend but as it's over two months to the next ex dividend date the share price may well back track to fill gaps.
Posted at 17/6/2024 17:38 by mcunliffe1
Better than an annuity. Assuming the PHNX share price doesn't drop to zero an income seeker comes out OK compared to the annuity buyer.
Posted at 17/6/2024 15:40 by lord loads of lolly
The dividend looks great until you study the long term share price.

Its trend has generally been downwards since the end of 2020.

Over the past 5 years, the share price has dropped more than 30%
And over 1 year, it's down nearly 13%

Both of which put the divi into perspective.

Things may improve once we see there's a sustained trend towards lower interest rates. But in a way that's a given already, so probably priced in to some extent. The only unknown is how far & fast rates here & elsewhere will fall.

I'm not a holder here yet, but am monitoring the share price and would be tempted to buy at around 450p if it ever gets there.
Posted at 08/6/2024 14:33 by tag57
2wild, who fooled you? Your yield should have increased with the progressive dividend and if you reinvest in the shares you are compounding at 10% plus at current share price
The fundamentals haven’t changed, just the share price which may or may not come back to £6+ if/when interest rates reduce.
I am a LTH and therefore try, as best as I can, to ignore share price movements.
Posted at 30/5/2024 14:05 by williamcooper104
PHNX share price is not being held down by shorts The few that have shorted it - the large global macro hedge funds - aren't on a campaign against the company and can easily cover without moving the share price much
Posted at 24/5/2024 12:16 by thebutler
I cannot see any meaningful advance in the share price until interest rates are actually cut. The FED and BOE are so obsessed with the 2% inflation target I can't see the first cut happening until it's reached of which there is no guarantee so rates could stay the same for a fair while, and there is talk across the pond that it might not even happen.

A couple of weeks ago PHNX redeemed the £250 million loan notes early because the interest rate on these loans were set to rise in June to 5% plus the rate of treasury yields which would have given rise to a rate going on for 9%. So as debt costs remain high, the PHNX share price will remain low.

A great time to invest, however, if you're confident interest rates will eventually come down.
Posted at 18/5/2024 09:50 by netcurtains
Yes, you can look at large dividends in a negative light.
Eg you can assume, if in equilibrium (no growth), a 10% dividend yield
equates to a 10% fall in the share price (to stay in balance)..

The difference is, now, the economy is turning the corner, inflation is falling,
and the UK population has been rising and needs more pension products
(especially with the housing market falling out of favour)....

So in this scenario (if you buy early like richie1218 and myself) you might get 10% dividend yield AND a share price rise....

I feel the new equilibrium will be when the yield falls to about 7% so assuming there is no cut in the dividend per share, the market will need a hefty share price rise to cut the yield to 7%.
Posted at 17/5/2024 17:06 by netcurtains
I've had to correct my above post - it now reads (See below):
====================================

Total dividend per share: 52.65p

Current share price: 525p

52.65 / 525 * 100 = 10.02% dividend

The share price would need to rise to 658p
before the dividend fell to 8%...

(In other words PNHX's share price would need to rise 20% before PNHX had a dividend the same as its average competitor)

LGEN yield is 8.1%
HSBC is 7%
ABDN is 9.57%
AV. 6.77%
MNG 9.54%
CSN 9.21% (CHESNARA)
ELLA 6.53% (ECCLESIASTICAL)
HSD 9.35% (HANSARD)
PGH 5.76% (PERSONAL GRP)
SBRE 3.29% (SABRE Insurance)
LRE 2.55% (LANCASHIRE)
JUST 2.02% (JUST GROUP)
AJB 2.97% (AJ BELL)
ADM 2.72% (ADMIRAL)
DLG 2.03% (DIRECT LINE)
HSX 2.58% (HISCOX)
PRU 2.08% (PRUDENTIAL)
STJ 4.8% (ST JAMES PLACE)

IG Group Holdings ticker IGG (its been having a good run)
Yield 5.73 PE: 10.74

Its difficult to find overseas competitors but I guess these two are:

Perpetual Equity Investment Company Ltd Australia ASX:PIC
Yield: 6.67% PE: 25.83

The BlackRock in NewYork NYSE:BLK
Yield 2.51% PE: 20.63
Posted at 25/4/2024 18:59 by mcunliffe1
That said, boxerdog4, I do empathise with your view. I'm a long-term holder of this and LGEN/BATS etc. but I'm not too keen on sacrificing share price for divi. I rather hope that as int. rates fall and the gen. erection is over SP's across many inherently sound companies on the FTSE-350 will see a rising share price

Alternatively, I'm using LGEN and PHNX in particular as a substitute for an annuity and, after say 20 years, the share price is very low I will have had a greater divi income than the income from the same investment in an annuity.
Posted at 20/4/2024 11:45 by kenmitch
2wild

I’ve held AA4 for a couple of years so no excuse for understating the now 8p dividend a year, paid quarterly and 38p share price, so a tad over 20% a year!! . They’ve promised to keep paying at least 8p until 2016. I’m not as confident as you are about the capital return being above the current share price, as it depends on the terminal value of the planes leased to Emirates when the leases expire. AA4 Management have made it clear that they don’t yet know either. There’s a good chance you’ll be right.

As for Fund Managers…̷0; they are easy to play as are housebuilders. Buy in bear markets and enjoy big share price gains and dividend increases and sell when markets or housing sector look toppy. I hold LIO 10.4% dividend, POLR 8.5% dividend but the yield was 10% until recent 20% share price rise on clear signs the worst is over. Also hold 10% yielder MNG.

Thanks for the further info on AEWU. I’ve held since the covid drop in 2020. It’s WELL worth checking out right now at 82p as the discount to NAV has widened from single figures to 18%.

Key fact about a portfolio full of these bargain priced big dividend payers like Phoenix; the dividends keep flowing in and pay for new buys so that the portfolio finances itself.

Finally as recent posts here have shown conclusively; it’s NOT the fault of Phoenix Management that the share price is so low. It’s the unpopularity of the UK market and again as posts here have shown, there are loads of shares like Phoenix that are way too cheap. Don’t moan….just cash in and enjoy the big dividends while waiting however long it takes for the UK market to go on an already long overdue big bull run.
Phoenix share price data is direct from the London Stock Exchange

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