Phoenix Group Holdings PLC (LSE: PHNX)

Phoenix Group Holdings PLC (LSE: PHNX) is an FTSE 100 index listed savings and retirement business.

Upcoming Update: On 13 March 2023, PHNX expects to release the FY22 results.

Market Update

• FY22 Trading Update (for the year ended 31 December 2022, released on 06 December 2022):
  • In FY22, PHNX expects to deliver around £1.2 billion of incremental new business long-term cash generation through organic growth.
  • It has also set the target of around £1.5 billion in cash generation by FY25, reflecting a 25% growth from FY22. This should further support the dividend growth.
• Interim Results (for the six months ended 30 June 2022, released on 15 August 2022):
  • In H1 FY22, operating cash generation was £950 million (H1 FY21: £872 million), while Fitch leverage ratio was reduced to 27% on 30 June 2022.
  • The operating profit declined by 4% YoY in H1 FY22. Notwithstanding, the Company declared an interim dividend of 24.8 pence per share, reflecting a 3% YoY growth.

Share Price Chart

(Data Source: REFINITIV, Analysis done by Kalkine Group)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Phoenix Group Holdings PLC closed the trading at GBX 635.20 on 6 February 2023.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 6 February 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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