Phoenix Group Holdings Forum

its Aviva wots done it...

its a good income stock hold, recent up date v positive

div is 26.7 so doing rather well...

Yesterday's RNS, streamiining the debt structure and reducing the overall cost of debt, was very good news- I think today's move must be a belated reaction. So much for efficient markets!

Let's not forget the 53.4p annual dividend- which is pretty good compensation for a flat share price.

This stock is way too cheap. It has underperformed FLG and CSN, the other closed-life consolidators, since the FCA's foul-up and has considerable recovery potential in my view. The yield is now close to 9% and debt is coming down quite fast in the next 2 years, so dividend looks covered from cashflow going forward.

Looks a good tip this thanks

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I agree with all Lummox's points in his 22 Apr posting. I would only add that with even risky bonds yielding not much more than 5%, a secure dividend yield of 8% makes this an exceptional income stock once the FCA debacle fades into insignificance. It's my biggest holding now and I'm expecting at least 10% capital appreciation for the rest of 2014 plus the 8% yield on top.