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Obviously investors own high yielding shares for the dividend/income. Whilst an increase 📈 in share price always has a feel good factor and suggests the market generally has increased faith in the company, it would be unlikely in most cases to increase the net dividend. I invest here because from this share price I earn 10%+ on my investment. I see this as a remarkable return especially when interest rates are likely to fall. I don’t really understand investors in shares like PHNX who obsess about the share price.
Exactly, nice to see a measured response instead of the usual histrionics.
Yes, growth v income investors -seemingly two different animals which don’t fully understand each others remit. Maybe if discussed in better detail (to me anyway) starting with ‘growth companies will eventually become behemoths of market share, dominance and investor income’ - this would be a starting point to demonstrate we’re on the same page(ish).
@chillphill - Your headline gives away your prejudice - implying anybody who doesn't agree with your understanding lacks mature understanding. PHOENIX has been a poor investment for holders over most timescales. If you want to stay in the UK insurance sector LGEN & AV have performed much better.
Smaller dividends maybe, but much superior financial returns - if only for the immature.
AceOfClubs
Hi @aceofclubs - not my headline, just replying/commenting to and existing thread. Admittedly would not have been my choice headline. Is that better now?
Apologies chillphill - my comment was more appropriate for "Rothers".
AceOfClubs
Ace o f Clubs. You shoud bear in mind that when one reaches a certain age (I am91) the. dividend income is far more important. than. capital growth. The Phoenix. divs have been brilliant and have nelped me to. enjoy a good life - lots of travel , help for children and grand children, house renovation etc.
@kentio - Congratulations on reaching 91 years of age; that certainly qualifies you for a mature understanding of high dividend shares.
AceOfClubs
I fully concur with Ace here - That sort of encapsulates where we all want to be really! A choppy week next week with the elections and all. Collective considered thoughts for weekend reading please ? I’ve sold a small part holding of my AV which has hit 10% growth and produced the last div so if I’m left holding the cash having misjudged any of next weeks (unexpected???) growth I won’t be too upset. Will drop a repurchase in should the opportunity arise. Good luck all.
Company now streamlining, maybe similar tactics as Aviva whom have seen near 28% rise in sp in the last year, im expecting a nice steady upswing 550p
Generally goes to 550p+ just before ex-dividend. Then drops back after ex-dividend. So 550p is an easy prediction by mid to late September.
Stockdale consensus target price based on combined analysts covering the company is currently 591.46 so maybe this time the bird can flap its wings and fly past the 550 mark before it lands again. It's been knocking on these 530 levels for the past couple of months.
Kentio, book your next holiday to the U.S. - I can think of at least one geriatric who desperately needs your help.
Many congratulations, and for being mentally alert and internet savvy.
Although twenty years younger than you (I'll be 70 in a couple of weeks), I'm also a dividend hunter and earn enough from this to follow my passion in (shared) Racehorse Ownership, out of dividend income.
Svend, The SP climbed to current levels on takeover rumours. It went up to 555p before the last ex-dividend. Dropped back below 500p subsequently. The pattern is there. It may change but there's little evidence of that right now. Being hopeful is the cross all share investors bear.
Stockdale I agree the recent spikes in volumes have been profound, especially this last 2 weeks, a close above 560.50 could signal that the tide has turned and the boat is floating higher again GLA
I'm in the Kentio club over here & just invest for the dividends. That's why my meagre pittance is currently positioned in individual high paying shares & I'm not that concerned about SP fluctuations.
I have learnt through time & experience that you might just as well put your money in tracker funds if you want growth, you have to be extremely lucky to call it right every time otherwise.
Once you have made some serious money in your funds & you get to a certain age you invest for dividends & spend them on the things that please you (in my case motorbikes) Good luck all.
Should I be suspicious about the high dividend yield, if the dividend was secure/forecasted to be well covered, I would expect a higher share price and a lower % dividend, 5-7%. What's putting investors off?
Alessandro, I guess it's people who think like you.
Once the share price has risen to 650p, you can then buy for an 8% yield which will make you feel more comfortable.
Lol I bought for 500p as the yield is too good to ignore, I can easily offset losses with such a high dividend. I guess retail investors would be more comfortable/less suspicious with a high price, but institutions must know more than a common person knows about valuing a company. They are the main drivers of share price movements.
My position is small, I'd add more but I was wondering if anyone knows any cause of concern.
Alessandro, Whether or not PHNX can maintain the dividend is just one aspect that needs to be considered. You aslo have to consider the current "risk free" return on cash. The best 1 year fixed rate return on cash is currently 5.25%; so the yield on PHNX (and other high dividend yield shares) will always be 4-5% higher to reflect the additional capital risk. All other factors being equal, when the base rate starts to drop PHNX's share price should start to rise.
Thanks TheTrotsky
@Alessandro: "What's putting investors off?"
UK shares are deeply unpopular... Most UK investors prefer companies such as Tesla, etc. The share price performance of the FTSE and PHNX has been terrible, though it's somewhat better when you include dividends. UK shares seem to have had a little boost lately - perhaps that's it? I've held PHNX for some time and from what I see, the dividend is sustainable. If we can believe what we're told, the business seems to be doing well and generating lots of cashg. Once interest rates start to drop the value of their bond portfolios should rocket and make the fundamentals look better as well. It's very hard to review the fundamentals of these companies, especially with the new accounting rules.
Usual pullback as per pathetic uk economy, to be expected as currently run by muppets and then a change over later this week by other types of muppets
Best to sell a few when it runs up and buy them back 5% cheaper a week or two later
Average under a fiver and already sold some, may sell some more when they go 550 or add if they fall under 490, I wont average up, only down as always keep a large tranche for chunky Dividends