Current Message	Return to posts
From: Denc 🗡
Heidi agrees…. UBS analysts upgraded Phoenix Group (LN) (PHXXF) from Neutral to Buy with a price target of GBP7.70 (from GBP6.70). The analysts comment: "Phoenix generates at least £300m p.a. of excess cash above its uses. Currently, this excess cash is being utilised to reduce debt leverage. We expect this to be completed in c.6 months (by 1H25). Following this, we believe Phoenix can deploy its excess cash generation into organic growth (UBSe: £100m) and excess shareholder returns (UBse: £150m p.a. share buybacks). Allowing for these share buybacks, Phoenix trades with a >10% all-in yield, one of the highest within the sector."

Current Thread	Author	Time
I awake to even more surprising good news from the ftse. big gains on PHNX ( do not ... [more]	Denc 🗡	12:09:51
>> Up 13% since I bought some, I await your thanks 🙃	Hamsterwheel	12:23:47
>> Must be time to sell. 51% total return in the last 12 months so you must have ... [more]	Denc 🗡	12:37:33
>> It’s been flirting with700 for most of the last year , finally bounded through it.	Denc 🗡	12:47:43
>> 30 May. Pension cash cow fund.	Hamsterwheel	12:45:00
>> Up 11% since June 9th plus approx 4 % divi payment.	Denc 🗡	12:53:31
>> Less my commission, I’ll send bank details	Hamsterwheel	13:05:14
>> Fair enough , your reverse version	Denc 🗡	13:06:39
>> Heidi agrees…....[more]	Denc 🗡	12:15:04

You must log in or register before you can post messages (you'll be returned to this page once logged in).