The last time I wrote about the insurance (and related) business Phoenix Group (PHNX), I observed that “I am sure there are fans…but not me”. Since then, the stock has moved from a c. 700p price to more like a 600p one, however it has also continued to yield more than 7%. I guess that means there is potentially something for everyone.
Hello Share Scramblers. With so much spookiness about, the protection of strong financial institutions that help to secure our future, becomes more attractive. Today’s suggestion is encouraged by this trend. Phoenix Group (PHNX) is the UK’s largest long-term savings and retirement business.
Hello Share Squashers. In uncertain economic times, folks worry about their future. Leaving money in a building society or bank isn’t going to earn enough interest to offset galloping inflation. So the wiser person thinks of taking out more in the way of pensions. Step up Phoenix Group (PHNX), one of Blighty’s biggest pension providers.
I have written before about Phoenix Group Holdings (PHNX) but I noted back in mid-March that I was not a particular fan of the insurance services provider (even if its aim is “helping people secure a life of possibilities”). Insurance and related is a complex sector, but Phoenix Group has had an unusual share price profile.
Regular readers may recall what I said about Phoenix Group Holdings plc (PHNX), “one of the largest providers of insurance services in the United Kingdom” last August, when I observed that it was smarter to watch “a Phoenix Nights DVD rather than (own) Phonenix Group shares”. If you haven’t ever watched the comedy series from about twenty years ago, then my view remains that you really should. But what about shares in the latter which had its full year numbers today?
Fans of a fantastic comedy show of twenty years note the reference above, but let us talk instead about the large cap company Phoenix Group (PHNX) which is ‘helping people secure a life of possibilities’. In short it is ‘the UK’s largest long-term savings and retirement business’ and reported earlier this week.
