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PHNX Phoenix Group Holdings Plc

546.80
4.60 (0.85%)
Last Updated: 12:11:45
Delayed by 15 minutes
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
  4.60 0.85% 546.80 546.60 547.00 550.20 541.20 544.20 1,198,279 12:11:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -34.59B -1.83B -1.8270 -2.99 5.47B
Phoenix Group Holdings Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PHNX. The last closing price for Phoenix was 542.20p. Over the last year, Phoenix shares have traded in a share price range of 436.40p to 600.60p.

Phoenix currently has 1,001,100,000 shares in issue. The market capitalisation of Phoenix is £5.47 billion. Phoenix has a price to earnings ratio (PE ratio) of -2.99.

Phoenix Share Discussion Threads

Showing 2026 to 2048 of 10100 messages
Chat Pages: Latest  92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
28/12/2016
18:24
Significant purchase by director associate.
rcturner2
22/12/2016
13:46
RCT2,I believe you are correct on the Dividend.The actual quote from memory was 50.15p.
garycook
22/12/2016
13:30
One thing that might be holding the share back is that the current level of the dividend is on one level an unknown quantity. Although I assume that it will be about 50p, until Phoenix actually declare their next dividend no one knows for sure.
rcturner2
22/12/2016
09:31
Encomium - strewth Jonwig, would hate to play you at Scrabble!

Will try to get that one into general conversation over Christmas....will help to cement it into a diminishing brain...

skyship
21/12/2016
12:45
Not to be confused with Echium!
skinny
21/12/2016
12:44
Sounds like an enema doesn't it. Painless but not discussed in polite company.
jonwig
21/12/2016
12:42
I had to look it up.
rcturner2
21/12/2016
12:10
"He received an encomium".

Sounds awfully painful. Did it require a general anaesthetic? ;-)

speedsgh
21/12/2016
10:30
He received an encomium, so probably not.
jonwig
21/12/2016
09:38
Is the recent director departure in any way significant?, it seemed quite sudden.
essentialinvestor
21/12/2016
07:09
I doubled up on this yesterday.
rcturner2
20/12/2016
13:14
If Blackrock has topped up.Then they know its good value.
garycook
16/12/2016
16:20
Thanks, hiddendepths, I knew we were below the pre-rights price was wasn't sure how much. I even managed to pick up an odd amount to get me back to a round number (458 shares) at under £7 which was well over a 7% yield based on the estimated 50p divi.
stun12
16/12/2016
13:50
hiddendepths, on the button.
edmundshaw
16/12/2016
10:10
hiddendepths.I believe you are totally correct.
garycook
16/12/2016
10:03
Just looking at this stock.

FWIW The share price has been weak because of the dilution effect of the rights issue, sometimes known as the bonus element of the rights.

This is how to get the theoretical ex rights price.

Before the rights was announced, holders had 12 shares (or a multiple thereof!)valued at 880p/share = £105.60

They receive 7 more shares at the 508p each = £35.56

So the new holding is 19 shares worth 105.60 + 35.56 =141.16

This is equivalent to 743p per share, known as the theoretical ex rights price and is the equivalent of the old 880p price.

So the shares are down about 3%, probably due to some insitutions reducing their weightings back to where they were before taking the extra shares. This is a normal and temporary overhang and should be corrected in due course.

hiddendepths
13/12/2016
16:00
up 6p
on fire


Phoenix Grp Hldgs
Regulatory Consent - Abbey Life Acquisition
RNS Number : 7468R
Phoenix Group Holdings
13 December 2016



REGULATORY APPROVAL - ABBEY LIFE ACQUISITION



Phoenix Group Holdings

13 December 2016


Phoenix Group Holdings announces that the Prudential Regulation Authority has consented to the acquisition of Abbey Life Assurance Company Limited

orinocor
08/12/2016
09:46
This share has been left behind in the recent rerating of financial stocks. Any reasons?
rl34870
06/12/2016
10:11
A brief mention of Phoenix in the IC, in an article about rights issues:

"Phoenix Group's recent decision to buy Abbey Life for £935m looks to be a much shrewder move. After much media speculation, the life insurance fund specialist finally convinced Deutsche Bank to cede its ownership for 23 per cent below the traditional measure of the book's value. Deutsche's perilous financial situation made it an eager seller, leaving Phoenix, and those who backed the £735m rights issue, with a potential bargain.

Abbey Life's unit-linked vehicles require less capital than guaranteed products such as annuities, so there's a chance it will lift Phoenix's Solvency II ratio. Marcus Barnard at Numis reckons the acquisition could boost future cash flows by £1.6bn, and ensure that the extremely attractive dividend continues to grow. Based on these estimates, the shares, which have barely moved since the agreement was first announced, are worth picking up."

rcturner2
01/12/2016
11:26
Weakness here may just be general market jitters due to the Italian referendum this week-end.
orinocor
01/12/2016
09:07
Brief written interview (2 pages) with Phoenix Life's Andy Moss...

Firing Line: Phoenix Life's Andy Moss -

speedsgh
01/12/2016
07:32
Anything under 750p is a bargain in my opinion.
rcturner2
01/12/2016
06:51
Regarding the share price, MCEV is sensitive to interest rate increases/swap rates. There's reference to this in the annual reports and we discussed it here, though not recently. The market tends to get jitters from time to time about this sort of thing.

PHNX has made two decent acquisitions this year. Chesnara has just bought L&G's Dutch life business at a very big discount. I think Solvency II is causing big companies to dispose of non-core operations at a discount, benefiting both parties. The only constraints will be the appetite of shareholders for more fundraising and the time and effort in integrating new operations. I imagine there won't be more for a while.

jonwig
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