Phoenix Share Discussion Threads

[jonwig] 07/8/2018 11:23

fenners - just looked back in ARs, can't find.

But the ever reliable Daily Mail says it was last winter (17-18):



This could develop into a pretty gruesome exchange ... we'd better kill it off.

[fenners66] 07/8/2018 11:06

I thought they said a couple of years ago that the life expectancy had stalled - due mainly to the wrong flu vaccination being used one winter and subsequent large increase in deaths...

[jonwig] 07/8/2018 10:47

FT:

Improvements in life expectancy have slowed more dramatically in the UK than in any other major developed economy barring the US, the Office for National Statistics said on Tuesday.

Until 2011, the UK — in common with most of the developed world — had made steady gains in life expectancy for several decades, thanks to medical advances and a decline in the number of smokers.

Between 2000 and 2011, life expectancy at birth improved by an average of 13.1 weeks per year for men and 9.4 weeks per year for women across 11 countries. Since 2011, the average improvement has slowed to 10.4 weeks per year for men and 6.7 weeks per year for women.

But in the UK, the rate of improvement for men fell by 76 per cent, from 17.3 weeks per year in the five years up to 2011 to 4.2 weeks per year in the five years following. For women, improvements reduced from 12.9 weeks a year to 1.2 weeks a year.



This looks pretty significant, as longevity trends are given as a major risk to meeting cash flow targets. Rising interest rates will help, but I doubt the impact will be noticeable enough yet.

[skinny] 03/8/2018 08:06

Nicholas Lyons appointed as Chairman of Phoenix Group

The Board of Phoenix Group Holdings is pleased to announce that Nicholas Lyons has been appointed as Group Chairman effective from 1st September 2018, subject to regulatory approval.

Nicholas is currently a Non-Executive Director of a number of financial institutions including Pension Insurance Corporation, where he is the Senior Independent Director. He was previously on the boards of Friends Life Group Limited and Friends Life Holdings plc.

Nicholas read History at Cambridge before joining J P Morgan where he worked for 12 years in Debt and Equity Capital Markets and Mergers and Acquisitions. He then spent eight years at Lehman Brothers, as a Managing Director in their European Financial Institutions Group, ending his executive career as Global Co Head of Recruitment. Nicholas is an Alderman in the City of London Corporation.

Henry Staunton, Phoenix Group Chairman writes: "Nicholas is a tremendous choice to be my successor. He recognises the potential that the Group has following its impending acquisition of Standard Life Assurance, and he has extensive experience in the life sector."

Nicholas Lyons added: "I am extremely pleased to be joining Phoenix at this exciting time. Henry and Clive have built a strong platform and an outstanding team and there are excellent opportunities ahead. I look forward to working with the Board, management and shareholders in the years to come."

Alastair Barbour, Senior Independent Director, Phoenix Group, added: "On behalf of everyone on the Board at Phoenix, we pay tribute to Henry's leadership through this transformational period for the Group. Henry leaves Phoenix stronger and more confident than it has ever been and the Board thanks him for his leadership and guidance."

more.....

[lauders] 02/8/2018 16:56

PHNX diversifying their investment portfolio further:



Phoenix Group today announced that it has completed a multi-million pound private placement with Yorkshire Water. The UK’s largest consolidator of closed life and pension funds has lent £75 million to Yorkshire Water for 13 years. The transaction, which included a fixed tranche and an inflation linked tranche, provides regular, stable and long-term cash flows to match Phoenix’s liabilities.

[stevenrevell] 30/7/2018 09:45

Thanks Jon

[jonwig] 30/7/2018 08:39

@ steven r - Results and dividend dates:

[stevenrevell] 30/7/2018 08:33

When is next divi due ta

[aleman] 18/7/2018 17:17

Wrong thread

[skinny] 18/7/2018 10:23

Net Redemption Payment returned yesterday (HL.)

[ianood] 13/7/2018 16:47

Prior to actually going XR the Co had suggested that it would be 46.88p

[edmundshaw] 13/7/2018 10:41

46.9p? That is a bit higher than I had calculated. Do you have that from the horse's mouth?

[rcturner2] 13/7/2018 08:27

thanks speed

[speedsgh] 13/7/2018 08:23

Post RI div of 46.89p (give or take the odd 0.01p)

[rcturner2] 13/7/2018 08:19

Can someone remind me what the dividend will be after the rights issue? I have the figure of 44p a share in my head, is that right?

[hvs] 11/7/2018 09:26

Its a TAKE UP whichever way you sees it.

[jonwig] 11/7/2018 08:39

hvs - a takeup of 96.25% is pretty normal, I'd say. Remember it doesn't mean that 96.25% of rights were taken up by the original holders, as there was heavy trading in the nil-pd throughout.

Common reasons to explain the 3.75% lapse rate would be: shares in probate, holder ill or incapacitated, holder converted to extreme Corbynist views, etc.

[hvs] 10/7/2018 08:06

Take up very high , this is going higher (representing 96.25 per cent.

[hvs] 09/7/2018 12:47

09 Jul 18 RBC Capital Markets Top pick 674.75 - 820.00 Upgrades
04 Jul 18 Deutsche Bank Hold 674.75 827.00 740.00 Reiterates
15 Mar 18 Numis Hold 674.75 838.00 838.00 Reiterates
08 Mar 18 Berenberg Buy 674.75 880.00 905.00 Reiterates
07 Mar 18 Berenberg Buy 674.75 880.00 905.00 Reiterates
28 Feb 18 Numis Hold 674.75 785.00 838.00 Reiterates
23 Feb 18 Numis Hold 674.75 785.00 785.00 Reiterates

[skinny] 09/7/2018 10:07

Just a reminder :-

The latest time and date for acceptance, payment in full and registration of renounced Provisional Allotment Letters remains 11.00 a.m. on 9 July 2018.

[hvs] 09/7/2018 09:14

Thank you CWA1

It will not be long before it gets there.

[cwa1] 09/7/2018 08:46

RBC Capital Markets has upgraded Phoenix Group Holdings to Top pick with a price target of 820.00p

[essentialinvestor] 06/7/2018 17:35

I'm guessing Clive has more than enough to take up his nil paid rights!.