Phoenix Share Discussion Threads

[my retirement fund] 12/2/2018 14:24

Yes many bonds they buy they keep till redemption

[edmundshaw] 12/2/2018 13:41

Swings and roundabouts. This looks safe in a weak market and better in a strong one with rising interest rates. Maybe not the most dynamic stock to own, but pretty comfortable...

[solarno lopez] 12/2/2018 13:28

they receive more income when they buy gilts they which do for long term investment tied to annuities etc

[ptolemy] 12/2/2018 13:21

Could anyone please explain Bannister's comment of mid-January:

" rising gilt yields generally beneficial for life companies."

[edmundshaw] 06/2/2018 12:50

The market dip supposedly partly caused by bonds strengthening. The ironic thing about the market fall is that bond yields are now falling again! Making safer high yielding stocks like this more interesting!!

[sogoesit] 06/2/2018 08:55

Thanks for chart; good value coming back here at about 6.7% yield.
CSN still around 5%+

[bluemango] 02/2/2018 12:30

Last interim dividend was 25.1p giving annualised 50.2p or 6.64% yield. Advfn still showing out of date figures (50.60) before dividend was rebased.

[bluemango] 02/2/2018 11:37

About to hit lower trendline going back to late 2016 (see long term chart in header).

RSI in low 20s, oversold.

Yield on current offer price 6.7% with prospect of dividend growth and acquisitions possible which would further boost earnings.

Given all the above, I'd expect a bounce off the lower trendline.

[lauders] 02/2/2018 11:19

Looks as though you can buy around ~745p and sell at around ~782p fairly "regularly" here if you are into trading. Was shown some good momentum a short time ago and coming right back down again. Will it repeat the cycle. In for the long term so not really bothered, just making an observation while passing the time.

[rcturner2] 30/1/2018 11:16

The Prudential Regulation Authority (PRA) at the Bank of England is responsible for this prudential regulation and supervision of 1,500 banks, building societies, credit unions, insurers and major investment firms.

First hit on google.

[arf dysg] 30/1/2018 11:00

Can anyone explain the abbreviation below? I can't find what "PRA" means.



RNS announcement Phoenix Group Holdings Residency Update / 30/01/2018 7:00am

Phoenix Group Holdings


With effect from 31 January 2018, the PRA will treat PGH, and not Phoenix Life Holdings Limited ("PLHL"), as the ultimate EEA insurance holding company of the Insurance Group.

[skinny] 14/1/2018 12:34

Thanks Jonwig - all grist to the mill!

[stun12] 12/1/2018 12:25

Thanks, I'll take a look. Having a small punt in CVSG after the big drop. Slightly up currently; out if I make 8-10%.

[rcturner2] 12/1/2018 10:01

ISAT if you want something with a bit more excitement.

[stun12] 12/1/2018 09:08

Need 825p really as we'll be going ex-div soon enough (end of March, going by last year). Been a lovely run though. Way overweight in it with ~40% of mine and the wife's SIPP and 100% of the boy's LISA. Trouble is, I can't find anything else to buy...

[rcturner2] 12/1/2018 08:35

A nice bit of go forward here, 800p looks like a barrier on the chart. Hopefully we can break above that and it can become a support.

[my retirement fund] 11/1/2018 10:39

Im surprised to learn of the 27% leverage

[cwa1] 11/1/2018 09:03

Many thanks for that link jonwig, interesting and instructive. I liked, very much, the apparent commitment to the dividend and, it seems to me, the 50p level is safe for the foreseeable future. Mr Bannister came across reasonably well as a safe, sensible, pair of hands. As I have a largeish(for me) holding it is always good to put a little more flesh on the bone and hear how things are progressing.

[jonwig] 11/1/2018 06:54

Interesting podcast with Clive Bannister:



Key things for me:

- current book will support a 50.2p dividend for five yearts, then further dividends for 30 years.

- acquisition policy will be prudent, but they look forward to being able to make further transactions this year.

- rising gilt yields generally beneficial for life companies.

- Solvency II more strict than necessary, so more capital needs to be held against their book, but that means more can be released as policies mature.

[garycook] 11/1/2018 02:14

L,Agree,but good company with good management.Great yield still of 6.36% at 789p,and Full year results hopefully good on 15/03/2018.