paddingtonbear
03 Oct 2019
Precautionary sale Sold out after many years of good performance and chunky dividends. If the market does plunge, a life insurer which depends on bond yields and share dividends to feed its policyholders is not the place to be. Having welcomed the dividend payment recently, it is another five months to the next one. It seems improbable to me the high share price will break upwards, nor another significant deal after the Standard Aberdeen one will be made for a while. Good or frothy stock markets (irrational exuberance) may be gone for now, especially as Mr Trump seeks to extend trade tariffs to Europe as well now. Seared into my mind is looking at a computer screen in the depths of 2008/9, wondering whether to buy Legal & General for 26p. If I am fearful without cause and nothing untoward occurs I can always buy back in next Spring PB
paddingtonbear
28 Feb 2019
Promotion to Ftse 100 Our little baby has grown up. It will be interesting to see how much in dividends the new company can support. PB
paddingtonbear
29 Nov 2018
Preventative firefighting Another company update shows good early progress with the integration of the Aberdeen and other portfolios, good cashflow and the intention to make this now massive company UK rather than Cayman based from a operational and legal perspective. The move to put another face in the chain between customers and Phoenix may also help to lessen the all too predictable bad publicity whenever people whinge about policy terms or conditions they probably ignored/accepted decades ago before Phoenix bought their portfolio. Gla PB
TX2
23 Aug 2018
Results Results seem as expected.What we need to remember about Phoenix is that we are buying the share for the dividend,capital growth if any will be minimal.The capital value of my shareholding has modestly increased by around 17% over the total cost of my original purchase plus the recent & previous rights issues,vastly less than the market has generally increased in value.But that is more due to a hunger for dividends rather than the merits of the company. Essentially we are in constant decline as the closed insurance books we own gradually run off.Unless we continue to find new closed books at the “end of the day†we will be left with the regulatory capital of the former businesses which with luck may be the approx capital we have invested.
Bowman
23 Aug 2018
Results 2018 Interim Results [click here to view RNS] At first glance they seem quite respectable, with the IFRS loss narrowing quite a bit. At least the SP seems to be holding up quite well, and we appear to be moving into the 700’s.
Bowman
09 Aug 2018
Details of offer We seem to have finally managed to close above the XR price of 691. Maybe we can now move upwards to recover previous highs. phnx.png2812x2054 348 KB
Bowman
27 Jun 2018
Details of offer We are now about 4% below the XR price of 691. It seems that a lot of people might be selling down their holdings and allocations. Hopefully this will only last a short time, and once cleared we can move back up to the 700+ region.
skimp
26 Jun 2018
Details of offer Thank you Bowman, I much appreciated your reply.
Bowman
26 Jun 2018
Details of offer @skimp, Do not get too disheartened. I only found out this morning because I now get the RNS’ s emailed to me from the LSE. I checked my Broker’s account only to find nothing. I called them and was told the details would be put on the account today (they had been waiting for it to go XR. I know people are having problems getting news now on here, which is why I posted the link.
skimp
26 Jun 2018
Details of offer totally fed up, i have only just woken up to this information. been fussing around trying to navigate and missing all the important things that i should know. can’t even find the info on my broker account. to top it all all my strawberries have been pinched on my allotment. how does the song go, sell the shares and run away.
TX2
26 Jun 2018
Details of offer I will also be taking up my rights.Rights will start trading today under separate “tickerâ€;their value will make up the apparent loss on existing shares for those who do not wish to take up new shares in full or only partly take up & they may sell in the market those that they do not require.
Bowman
26 Jun 2018
Details of offer RNS on admission of nil-paid rights. So we have now gone ex-rights, which would explain today’s large drop in the SP. Now waiting for my Stockbroker to post the Corporate Action so I can take up my rights. phnx chart.png2812x2054 174 KB
Bowman
20 Jun 2018
Too good to be true ???? JJB, It is always the way, sometimes one is looking so hard for something one becomes blind, it happens to me often. It is especially true when the presentation has changed and one keeps trying to see the old. Initially the way ii have done it annoyed me, but now I can see their logic if one accepts the usefulness of the comparison table.
Jar-Jar_Both
20 Jun 2018
Too good to be true ???? Found it!!! Staring me in the face…it all seemed so simple on the old site. Thanks for your help Bowman!
Bowman
20 Jun 2018
Too good to be true ???? Go to the Company specific site, and after the chart there is a section that shoes comparisons. Thvve first row should be the Company you are looking at. This row contains the yield, which for PHNX is 6.46%.
