Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.80p -0.28% 633.00p 631.60p 632.30p 644.30p 630.00p 638.00p 1,525,193 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 6,084.0 -7.0 -7.0 - 4,565.19

Phoenix Group Share Discussion Threads

Showing 3176 to 3199 of 3200 messages
Chat Pages: 128  127  126  125  124  123  122  121  120  119  118  117  Older
DateSubjectAuthorDiscuss
10/1/2019
21:27
An uptrend would be nice now.
actybod
09/1/2019
19:35
In the ISA for income.
rogerbridge
09/1/2019
13:51
I think in time to come many will look back on the recent weakness in this stock as the best Christmas present they ever did or did not get.
schofip
27/12/2018
20:27
Appreciate the answer Jon, many thanks.
essentialinvestor
27/12/2018
19:43
EI - I was looking at CSN earlier today with similar things in mind. I think a key number is the "Shareholder Capital Coverage Ratio" which was 180% at 30/06. This is, I think, the same as the Solvency Ratio where 100% covers the insurance liabilities with reasonable confidence, and 150% is regarded as healthy. That means asset backing would need to fall by 17% to reach 150, and by 44% to reach 100. Since the supporting assets will be more bonds than equities a 17% fall looks quite unlikely. I'd also think that any index-linked liabilities would be safely covered by index-linked US, UK bonds so pretty secure. So the dividend will probably depend on the SCCR as much as anything else, given that cash flows are pretty predictable. It will be interesting to see how the 31/12 number has dropped from the 30/06 one. What PHNX tends to do is maintain their dividend and regard it as sustainable. I'm not entirely confident about the above, as insurance accounts are not the simplest to grasp!
jonwig
27/12/2018
18:28
Speaking of the dividend, does anyone have a view how safe, or otherwise, the dividend is through the next cycle?. Thanks.
essentialinvestor
27/12/2018
11:09
Nice yield here! Picked up some.
hugepants
21/12/2018
21:06
Uncrossed trade
actybod
21/12/2018
18:19
Thought it might be something like that. Thanks Jonwig I will put the champagne away.
schofip
21/12/2018
17:10
schofip - the 4.6m trade at 16:35 was uncrossing at the closing auction, not therefore a 'buy'.
jonwig
21/12/2018
17:07
Looks like there was 6M buys at the end of the day. Assume this is not some technical balancing.
schofip
12/12/2018
09:35
Jon/Edmund - thank you for that info, much appreciated.
ianood
12/12/2018
06:24
edmund - sorry, missed that bit!
jonwig
11/12/2018
20:52
Jon, the other bit from that source is that they reckon SLA (Standard Life Aberdeen) sold their insurance arm off 20% too cheaply. It doesn't take a rocket scientist to work out that means a 25% upside for Phoenix to fair value on that purchase (ignoring costs at least). No wonder they were pleased with it!
edmundshaw
11/12/2018
20:12
This from RBC Capital Markets: We expect the European insurance sector to outperform the market in 2019. An increase in underlying customer demand with little change in supply should increase insurers’ pricing power, leading to growing earnings. Investors can be assured by a highly prudent solvency regime which keeps balance sheets strong and high-yielding dividends safe. Top Picks – Aviva, Beazley, Just Group, Legal and General . Outperforms – Ageas, Direct Line, Lancashire, Munich Re, Phoenix, RSA. UK life – limited Brexit risk creates buying opportunity. The subsector has underperformed due to the uncertainty caused by Brexit, but even in a No Deal scenario, solvency and growth are only dented. We see bulk annuities as the best structural growth opportunity in the sector — there is significant latent demand which is independent of economic growth and the prospect for large reserve releases due to slowing life expectancy. The yields are highly attractive and dividends are extremely safe. Source: FT Alphaville, Markets Live.
jonwig
11/12/2018
15:27
Expecting an rns after 4 here let’s see
linton5
11/12/2018
08:57
jonwig - many thanks for the explanation
nwb
10/12/2018
20:50
Just a thought jonwig....
deltrotter
10/12/2018
18:50
nwb - 721m is correct. NAV is therefore 436p from the latest balance sheet. However ... NAV doesn't capture the whole story because it omits future cashflows from in-force and new policies. Before Solvency2 they used an MCEV which did this, and would be higher than NAV - in fact, a lot higher than the current share price deltrotter - dividend cut? Cashflows will cover the dividend, easily. But they need to retain a minimum Solvency2 capital surplus as well as service debt interest. If their underlying assets (which are bonds and shares) fell enough they would reduce their dividend. Their current capital surplus is a "164% coverage ratio" which I don't really understand, but if it fell to 100% (ie. by 39%) maybe that would be the trigger. "Purchase and hold forever" - up to you on that one!
jonwig
10/12/2018
18:13
A quick question. ADVFN shows shares outstanding of 721 million. Stockopedia shows 436 million. A big difference in NAV per share of 830 p v 437 p. Any thoughts ?
nwb
10/12/2018
16:50
BUT, as a possible first time buyer - how about this as a purchase and hold for ever in my SIPP at this price? Likelihood of a divi cut????
deltrotter
10/12/2018
16:48
My worst investment ever kidda shocked its phnx
linton5
07/12/2018
09:25
edmund - yes, I think there are two sides to this. If rising rates are a threat to asset values - bad. if rising rates enable maturing bonds to be reinvested at a better coupon - good. I think the first wins here, because of the asset bubble we're in and the threat of collapse.
jonwig
07/12/2018
09:16
Jon I remember reading that rising interest rates were supposed to be mildly good for Phoenix? Admittedly that was a couple of years back. Do you think that has changed after the acquisitions since then?
edmundshaw
Chat Pages: 128  127  126  125  124  123  122  121  120  119  118  117  Older
Your Recent History
LSE
PHNX
Phoenix Gr..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190121 22:05:47