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.
Hello Share Snafflers. Well, it seems the old Footsie has called a halt to its record-breaking run into ground-breaking highs. Does this surprise anyone? Of course not. What keeps on going up has to come down. So it’s possibly time to pause in our headlong rush to find shares which put on capital value. Let’s instead turn once again to an ever-important part of the armchair tycoon’s income - the dividend.
