Phoenix Share Discussion Threads

[masurenguy] 17/1/2017 07:53

I note that Phoenix is currently the largest individual holding in the MFM Slater Income Fund.

Top Ten Holdings

Phoenix Group: 3.95%
Chesnara: 3.58%
ITV: 3.58%
Rio Tinto: 3.43%
Legal & General Group: 3.35%
Imperial Brands Plc: 3.17%
Royal Dutch Shell: 3.17%
Marston's Plc: 2.84%
NewRiver REIT Plc: 2.60%
Maintel: 2.52%

[rcturner2] 17/1/2017 07:10

I believe that the likely figure is 50p, based on the statements made by the company.

[essentialinvestor] 16/1/2017 20:24

Mas, there was a detailed discussion about prospective divi around the time of
the acquisition, have taken my cue from that, somewhere around 50 pence
would be lovely.

[masurenguy] 16/1/2017 20:14

Cheers CJ/EI - so the projected yield is 6% for the year just ended and 6.8% for 2017.

[essentialinvestor] 16/1/2017 17:53

Just over 50 pence was my understanding for '17.

[contrarian joe] 16/1/2017 17:47

Mas,that 44.3 is for 2016,2017 divi is 50.14 according to Jonwig calculations which is around 7% yield,that's if iv'e read it correctly.

[masurenguy] 16/1/2017 17:11

Cheers jonwig - so the revised figure is projected to be 44.3p which reduces the yield to 6.0%. Not quite as good as I originally believed but still a very worthwhile yield with some potential capital gain from this level in the forward mix too.

[jonwig] 16/1/2017 16:39

Mas - see my post #2054, and then the posts back in October when the RI was announced.

Then feel free to disagree!

[masurenguy] 16/1/2017 16:29

RCT - what will the lower dividend be this year ?

[wllmherk] 16/1/2017 16:06

it will still beat any high street bank account MrT. The tip in the daily mail hasn't helped the share price

wllm

[rcturner2] 16/1/2017 15:54

The yield isn't as high as that. They will be lowering the dividend on a per share basis since the new shares were issued.

[masurenguy] 16/1/2017 15:18

I've also taken an initial position here today in my ISA equity fund. Fundamentals look good and the 7.3% yield provides a very good income stream.

[linton5] 16/1/2017 15:04

I've just purchased Shoe essential a wee gem I'm sure,company has no debt results stable and a stonking divi. Superb bargain

[essentialinvestor] 16/1/2017 08:16

Added a small amount on the dip.

[linton5] 10/1/2017 17:12

I'm actually in Dlg at 351 from aback but was gonna top up from this dip but only if reaches 352. Check out esur I'm in that also read last updates,also a possible t/o target

[essentialinvestor] 10/1/2017 16:54

Nice day, markets overdue at least a breather though,
downside risks imv.


LINTON, Came close to adding some DLG this afternoon, risk/reward
looks interesting, providing nothing unexpected with the FEB FY.

[linton5] 10/1/2017 11:40

Yea very nice stock this one good income just like adm

[essentialinvestor] 10/1/2017 11:32

speed, appreciated, thanks.

[speedsgh] 10/1/2017 11:23

EI - 2016 cash generation target of £350-450m was prior to AXA acquisition (see 2015 Final Results -

AFAICS from today's rns...
Phoenix Group Holdings ("Phoenix" and, together with its subsidiaries, the "Group") announces that it has generated a total of £486 million of cash from the Group's operating companies in 2016. Of this total cash generation, £117 million has been generated from the integration of the AXA Wealth pensions and protection businesses ("AXA Businesses") that were acquired on 1 November 2016.

So £486m - £117m = £369m cash generation excl AXA Businesses, which therefore falls within original 2016 target of £350-450m.

[my retirement fund] 10/1/2017 11:19

Been able to get my fill over last few days, happy to be back with a decent weighting again.

[essentialinvestor] 10/1/2017 11:01

If the 2016 cash generation targets of 350M-450 were made factoring in AXA,
then today's confirmation of a significant exceeding looks a very strong
performance imv.

Any thoughts on that?.

[sogoesit] 10/1/2017 09:08

Ok, sure, follow now. Thanks, jonwig.

[jonwig] 10/1/2017 09:03

Sogoesit - no, the hoped-for buyers of their new debt will not be too keen.

[sogoesit] 10/1/2017 09:01

Thanks jonwig. My thoughts too RCTurner.
Jonwig : "I don't think... investors... too keen to see an equity dividend hike."
I don't follow. Are you saying, with a yield already quite high, equity investors would prefer that they retain capital thus moving the share price higher over time than take further income?

[jonwig] 10/1/2017 09:01

True, but I'd assume the bank stuff was variable but the new debt instruments were fixed (not necessarily at a lower rate than current bank), which would be their main motivation. And hence greater visibility.

Actually, their dividend record isn't over-generous compared with their cash generation. They've had historically high levels of debt (for a life company) and I think will continue to be cautious. Three years of merely maintained dividends remember? ('13-'15.)