Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group LSE:PHNX London Ordinary Share KYG7091M1096 ORD EUR0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.50p -0.97% 768.00p 768.00p 768.50p 771.50p 761.50p 771.00p 659,893 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 7,373.0 -70.0 -34.3 - 3,019.06

Phoenix Group Share Discussion Threads

Showing 2351 to 2375 of 2375 messages
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older
DateSubjectAuthorDiscuss
17/8/2017
05:59
Thank you jonwig. That helps a lot. Cheers!
lauders
17/8/2017
05:39
Lauders - general insurance (ADM) and life insurance (PHNX) both manage large amounts of cash which they pay out in the event of claims. Hence regulators need to know that they have enough cash managed properly - that's your Solvency II. The similarities don't go much further, though: life insurance and annuities work in a reasonably predictable manner with long-term horizons. General insurance is pretty cut-throat with new entrants trying to cash in on low margins. Check out the "combined ratio" for a useful metric. ADM seems to manage better than most, though I don't know much about it. edmundshaw is correct: the so-called Ogden discount rate is all to do with stage payments in accident insurance and seems to have been messed up by the government.
jonwig
17/8/2017
02:25
I thought they were in the same sector edmund? Solvency II is mentioned in their results too, but perhaps I am mistaken. Apologies if so.
lauders
16/8/2017
18:36
ADM not really in the same business, surely? I cannot see how the change in the Ogden discount rate is going to affect closed life business!!
edmundshaw
16/8/2017
12:28
ADM results today knocked the company's share price back a bit but it is recovering now. No doubt due to some concerns about the dividend yield. Doesn't seem to have dented PHNX too much. Next week we will see what PHNX have to say.
lauders
16/8/2017
09:28
A week tomorrow, 24th August.
peterburn
16/8/2017
09:16
When is results day ta
stevenrevell
08/8/2017
09:53
Breaking out of Symmetrical Triangle Potential turn 23/24 October 2017
bamboo2
04/8/2017
08:20
FWIW JPMC have upped their target price a few coppers:- 04 Aug 17 JP Morgan Cazenove Overweight 0.00 826.00 837.00 Reiterates
cwa1
03/8/2017
07:54
Good results from AV. today may help the recent momentum here continue. With luck!
lauders
01/8/2017
12:14
Provisional dates are shown on the company's website trogerswinning and doubleorquits. Http://www.thephoenixgroup.com/investor-relations/financial-calendar/forthcoming-events.aspx
lauders
01/8/2017
11:51
hTTp://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=phnx Nothing will be announced until results at end of month but the above outlines perevious dividend data
doubleorquits
01/8/2017
11:49
Any idea when the next dividend is due?
trogerswinning
27/7/2017
02:48
The latest article from PHNX on their website: Http://www.thephoenixgroup.com/~/media/Files/P/Phoenix-Group-v3/Attachments/press-releases/pr-2017/The%20amazing%20internet%20-%20Phoenix%20reveals%20what%20British%20adults%20are%20getting%20up%20to%20online.pdf The amazing internet: Phoenix reveals what British adults are getting up to online * Finding a new partner, dealing with cancer and discovering you are adopted are just some of the life changing benefits of using the internet *84% of Brits use the internet to manage their finances *However, 77% of us dread having to use the internet in some way *British adults spend over 30 hours a week on the internet, though this time falls to 23 hours with the over 55s
lauders
25/7/2017
15:51
Upgraded at Fitch, FWIW. Text: "Fitch Ratings-London-25 July 2017: Fitch Ratings has upgraded Phoenix Life Limited's and Phoenix Life Assurance Limited's Insurer Financial Strength (IFS) Ratings to 'A+' (Strong) from 'A'. They are two of the principal operating life companies of Phoenix Group Holdings (Phoenix). Fitch has also upgraded Phoenix's Long-Term Issuer Default Rating (IDR) to 'A' from 'A-'. The Outlooks are Stable. Fitch has also upgraded Phoenix's senior notes to 'A-' from 'BBB+' and subordinated notes to 'BBB' from 'BBB-'. A full list of rating actions is below. The upgrade reflects Fitch's reassessment of Phoenix's capitalisation and leverage to very strong (from strong previously), combined with the group's progress in integrating AXA Wealth Limited and Abbey Life Assurance Company Limited, both acquired in 2016. This progress, and given Phoenix's track record in successfully integrating large portfolios, means the remaining execution risk is low, in Fitch's view. The ratings also reflect Phoenix's strong debt service capabilities and financial flexibility, earnings and business profile. KEY RATING DRIVERS Fitch views Phoenix's capitalisation and leverage as very strong. In the agency's Prism Factor-Based Model (FBM), Phoenix's score remained 'Extremely Strong' based on end-2016 financials. The Solvency II regulatory capital requirement coverage at Phoenix Life Holdings Limited level was 141% at end-2016 (on a pro forma basis including the GBP300 million of Tier 3 notes issued in January 2017; end-2015: 130%). As the Solvency II ratio is dampened by the restriction of surplus from strong with-profit funds and the PGL staff pension schemes, Phoenix also reports the ratio excluding these effects - "shareholder capital coverage" ratio - which was 171% on a pro forma basis at end-2016 (end-2015: 154%). Phoenix's Fitch-calculated financial leverage was strong at 29% at end-2016 (end-2015: 31%). This has significantly improved in recent years, having fallen from 50% at end-2012. Fitch expects Phoenix's financial leverage to range between 25% and 30% in the medium term. Fitch regards Phoenix's debt service capabilities and financial flexibility as strong. This view is supported by Phoenix's strong access to capital markets as evidenced by the issuance in 1H17 of GBP450 million of subordinated Tier 3 notes (GBP300 million plus GBP150 million tap) and USD500 million of subordinated Tier 2 notes, as well as new equity issues of GBP929 million in 2016 to fund acquisitions. Phoenix's fixed-charge coverage, based on reported operating profit, was good at 3.9x in 2016 (2015: 3.2x), in line with the 2012-2016 average of 3.6x. Based on net operating cash generation, which reflects Solvency II emerging surplus and run-off of capital requirements, fixed-charge coverage was strong at 5.4x in 2016. Phoenix has reported strong operating profitability in recent years and its Fitch-calculated operating return on assets and equity ratios were stable at 0.5% and 11% in 2016, respectively. Net income has been weaker and more volatile over the past five years due to economic variances. Phoenix is the largest consolidator of closed life assurance funds in the UK with total assets of GBP75.4 billion (excluding reinsurance assets) at end-2016 and gross written premiums of GBP999 million in 2016. However, as Phoenix's strategy is to acquire run-off portfolios only in the UK, the group's geographical diversification is limited. This exposes Phoenix to any economic and regulatory changes in the UK. RATING SENSITIVITIES The ratings could be downgraded if Phoenix's score in Prism FBM falls to low in the 'Very Strong' category or financial leverage exceeds 30% with Fitch expecting it to remain above this level. A downgrade could also be triggered by fixed-charge coverage based on net operating cash generation falling below 4x for a sustained period. An upgrade of Phoenix's ratings is unlikely, given the group's focus on closed books in the UK and hence the lack of geographical diversification compared with higher-rated peers. The rating actions are as follows: Phoenix Group Holdings Long-Term IDR: upgraded to 'A' from 'A-'; Outlook Stable Senior unsecured notes' long-term rating upgraded to 'A-' from 'BBB+': --GBP300 million (outstanding GBP122 million) 5.75% (XS1081768738) Subordinated notes' long-term rating upgraded to 'BBB' from 'BBB-': --GBP428 million 6.625% Tier 2 (XS1171593293) --GBP450 million 4.125% Tier 3 (XS1551285007) --USD500 million 5.375% Tier 2 (XS1639849204) Phoenix Life Assurance Limited Insurer Financial Strength Rating: upgraded to 'A+' from 'A'; Outlook Stable Phoenix Life Limited Insurer Financial Strength Rating: upgraded to 'A+' from 'A'; Outlook Stable "
stun12
25/7/2017
08:29
Brief mention in Tempus column in today's Times... HTTPS://www.thetimes.co.uk/edition/business/trusted-to-pick-those-with-solid-growth-7lv8z57p9 ...Phoenix Group is generally regarded as an income stock, but it has been at the forefront of consolidation within the insurance industry and is seen as a potential buyer of parts of Standard Life when the merger with Aberdeen Asset Management completes...
speedsgh
19/7/2017
11:26
Why worry about it. U gets your money in Sept. And a good rise is share price to come. HEDGE FUNDS can go and naff off.
hvs
18/7/2017
10:12
hvs - you'd better tell PHNX they have their announcement date wrong. Last year's interim div was announced 25 Aug, xd 8 Sept, paid 3 Oct.
jonwig
18/7/2017
10:05
The dividend's usually in October, isn't it? Do your HOMEWORK. Barclays have been that for ages. Thats why they sold sold their OWN SHARES TO THE ARABS ON THE CHEAP.
hvs
18/7/2017
09:57
Thanks, jonwig, even better!
woodhawk
18/7/2017
09:49
Recent broker views: HSBC Hold, tp 790p, Deutsche Buy 875p, Barclays Sell 673p. (Barclays have been that for ages.) Consensus dividend for 2017 is 50.2p (so 6.75% at 744p). H1 Results 24 August.
jonwig
18/7/2017
09:38
The dividend's usually in October, isn't it?
finkwot
18/7/2017
09:38
More like 6.7% projected yield.
edmundshaw
18/7/2017
09:27
Had some more this morning. Big fat divi soon. Circa 6.5% annual at this level. Nice.
woodhawk
17/7/2017
09:06
Just hedge funds churning. Just wait for the the results and JUICY DIVI.
hvs
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

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

P:40 V: D:20170820 19:27:36