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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
31.50 | 6.45% | 519.50 | 515.50 | 516.00 | 531.00 | 487.40 | 490.00 | 13,479,449 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Life Insurance | 22.81B | -116M | -0.1159 | -44.48 | 5.16B |
Date | Subject | Author | Discuss |
---|---|---|---|
24/2/2018 00:39 | Good news from PHNX. One of my better decisions was switching from BDEV to PHNX for income in June 2017. Also wish to "never sell" RCT! | lauders | |
23/2/2018 17:22 | Yes, wish I'd held... | zcaprd7 | |
23/2/2018 12:43 | BE = Bryce Elder. (Idiot? No.) | jonwig | |
23/2/2018 12:39 | FTSE 100 contender for sure Who is this IDIOT BE ????? | hvs | |
23/2/2018 12:38 | A £338m annual dividend at the current dividend yield of 6.5%, is a £5.2bn market cap Which implies a current share price of about 818p The question will be whether the deal will allow the stock to be re-rated, with the yield moving closer to its UK life peers yields of Legal’s (6.2% FY18 yield) and Aviva (5.8% yield). Which would be a share price of 869 - 945p | stemis | |
23/2/2018 11:53 | FT Alphaville: BE Phoenix has found something to buy, as it needs to otherwise it dies. 11:18 am BE And Aberdeen has dumped the insurance business it tried to dump previously into a Scottish Widows JV. 11:19 am BE Probably most interesting to look at from the Phoenix side initially. Deal is £2.9bn, which is pretty much Phoenix's market cap. 11:20 am BE Or £3.2bn depending on how you price all the moving parts, which include £1bn of vendor finance. 11:21 am BE and SLA getting a 20% shareholding in Phoenix. 11:21 am BE Brokers happy-ish. Here's Numis. 11:22 am BE This appears to be a very good deal for Phoenix, adding significant future cashflows, and priced at just 84% of Standard Life Assurance’s estimated Solvency II Own Funds of £3.5 billion, in line with recent transactions. 11:22 am BE And Barclays. Who go though the hard numbers. 11:23 am BE Phoenix estimates that its annual dividend capacity will increase to £338m from current £197m. A £338m annual dividend at the current dividend yield of 6.5%, is a £5.2bn market cap – an equivalent market cap to FTSE 100 insurance Admiral (£5.4bn) and Direct Line (£5.3bn). Phoenix estimates that the dividend, pro –forma for the equity raise and Standard Life Aberdeen’s 19/9% stake, is equivalent to a 3% increase. However, the flow of new business from Standard Life Aberdeen, coupled with its bulk annuity aspirations, will lead to a much more stable cash generation to support the dividend. The company also confirmed it is in its first exclusive talks in a pension close out deal / bulk annuity. The Solvency ratio will decline to 147% (currently 164%), and the leverage ratio is maintained in its target range of 25 to 30% (on Fitch basis). In our view, this is a significant acquisition for Phoenix, they have acquired a material book of business on attractive terms that supports the current attractive dividend yield of 6.5%. The question will be whether the deal will allow the stock to be re-rated, with the yield moving closer to its UK life peers yields of Legal’s (6.2% FY18 yield) and Aviva (5.8% yield). While the company deal supports the dividend, the company requires future deals to grow the dividend, but this deal does show Phoenix is capable of finding large, meaningful deals. 11:23 am | jonwig | |
23/2/2018 11:22 | Sold out here 2 weeks ago, so bad timing on my part. Portfolio was looking unbalanced. Good news for holders, if you have the cash for the rights! | mozy123 | |
23/2/2018 10:24 | Except it wasn't hindsight was it? | rcturner2 | |
23/2/2018 10:17 | Glad I topped up at 734p on the 2nd Feb. And gloating on 23rd Feb. Hindsight is good. | hvs | |
23/2/2018 10:17 | Glad I topped up at 734p on the 2nd Feb. And gloating on 23rd Feb. Hindsight is good. | hvs | |
23/2/2018 09:16 | Sitting on a loss on ISAT currently. Made many losses in the past, fortunately Carillion wasn't one of them. I was about the first to go negative on the Carillion thread. The posts are all there to read. | rcturner2 | |
23/2/2018 09:15 | RCT2.Have you never made a Loss.If so you are a one off investor mate ! LOL | garycook | |
23/2/2018 09:14 | Ive just bought some more. | my retirement fund | |
23/2/2018 09:04 | lollllllllllllllll gary I sold mine at 300p in 2016. I made a profit lol. I think you were the one holding on and making losses. | rcturner2 | |
23/2/2018 08:58 | Out at 814. Couldn't look a gift horse in the mouth. Great deal, great yield, but overloaded with financial stocks so this was an opportunity to lighten up and take an unexpected profit. Good luck to you all, you won't need it here. | lord gnome | |
23/2/2018 08:55 | RCT2,Well done on your recent purchase.It will make up for some of your losses on CLLN. | garycook | |
23/2/2018 08:35 | What is not to like indeed. Enhanced dividends, greater visibility and sustainability of the dividend (beyond the already 10 year+ horizon we had before today), a management that continues to execute great deals, and all the synergies and benefits of the last two major transactions ahead of targets. pre XR date £8 seems just a starting point for the likely share price rise here. | edmundshaw | |
23/2/2018 08:34 | Glad I topped up at 734p on the 2nd Feb. | rcturner2 | |
23/2/2018 08:30 | MRF - Not xr, that's why the price is well up on anticipation | ianood | |
23/2/2018 08:29 | The document will be published in APRIL | solarno lopez | |
23/2/2018 08:29 | tv,Not yet published i believe ! | garycook | |
23/2/2018 08:28 | There needs to be a publication on the rights issue setting out the timetable surley? I assume its ex rights to new holders already? | my retirement fund | |
23/2/2018 08:25 | Anyone found the rights issue terms please? A bit impenetrable. Looks a good deal though judging by the share price performance. | topvest | |
23/2/2018 08:24 | Anyone found the rights issue terms please? A bit impenetrable. Looks a good deal though judging by the share price performance. | topvest | |
23/2/2018 08:13 | Thanks jonwig for some enlightenment... through the opacity ;-) Of course everything will depend on future prospects which, given management’s performance, should lead to better dividends, than 3%. The issue is in all this, how much value will the market give it... and, therefore, will the yield tighten from the 7%’ish we’ve grown used to? | sogoesit |
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