Phoenix Group Spread Betting
Where Can I Spread Bet on Phoenix Group?
At the moment, you can spread bet on Phoenix Group, in addition to a variety of other related online markets, with providers such as:
|Broker Ratings - Sponsored by IG
Phoenix Group Broker Ratings
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Phoenix Group:
|01-Apr-14 ||Neutral ||Based on last 5 Ratings ||673 ||630 ||-6.42%|
A look at the latest Phoenix Group broker ratings:
|31-Mar-14||Buy||Canaccord Genuity Corp||684.5||800||16.90%|
|24-Mar-14||Buy||Canaccord Genuity Corp||710||865||21.80%|
|12-Mar-14||Hold||Numis Securities Ltd||118||130||10.20%|
|11-Dec-13||Buy||Canaccord Genuity Corp||681.5||865||26.90%|
|15-Nov-13||Buy||Canaccord Genuity Corp||725||865||19.30%|
|03-Sep-13||Buy||Canaccord Genuity Corp||769.5||785||2.00%|
|29-Aug-13||Add||Oriel Securities Ltd||741.5||750||1.10%|
|01-Aug-13||Hold||Numis Securities Ltd||153||140||-8.50%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Phoenix Group?
The live CFD trading chart and prices below provides users with a useful guide to the Phoenix Group market.
The above Plus 500 chart is usually based on the Phoenix Group futures contract.
If you would like to access live spread trading charts and the current prices for Phoenix Group, you will generally need a spread trading account.
Also, a spreads account would let you speculate on the shorter-term spot markets. Please note that all such accounts are normally dependent on credit, suitability and status checks.
If your application is approved, you can log on to check the prices and charts. These are usually provided for free. Having said that, you'll probably receive the odd call or email from your spread betting provider.
If you were to trade then, before you start, you should be aware that financial spread trading and CFD trading involve a high degree of risk to your funds and can result in you losing more than your initial investment.
See below for more on advanced Phoenix Group charts.
Phoenix Group Analysis & News
Phoenix Group Share Price Update:
The share price is trading above the 20 DMA of 660.4p and below the 50 DMA of 705.9p.
- Current Price(i): 667.0p
- Closing Price: 660.0p
- 1 Day Change: Down -0.53%
- 5 Day Change: Down -0.08%
Long-Term PHNX.L Data
Price data from Google Finance. Also see Live PHNX.L Share Price & Charts and About Phoenix Group for more information.
- 52 Week High: 811.0p
- 52 Week Low: 560.5p
- EPS(i): £0.67
- PE Ratio(i): 9.94
- Volume / Average Volume(i): 0.006m / 0.949m
- Market Cap(i): £1,500m
- Shares Outstanding(i): 225m
Update by Jenna Cutly, Editor,
||[10:36am] Phoenix Group -4.15%
Phoenix Group has plummeted after private equity firm TDR Capital has said it has raised £145.2m from the sale of 22m shares in the firm. TDR now holds 14m shares in Phoenix Group, approx. 6% of the issued share capital.
Update by Sam Fox, Trader,
||[10:21am] Phoenix Group -1.59%
Phoenix IT Group warned its earnings this year would take an estimated 2m pound knock after one of its suppliers said they were ending their contract with the company. The managed hosting and cloud services group said it was working to mitigate the effect of this and was putting in place alternative arrangements to minimise any disruption to its customers.
Update by Max Cohen, Trader,
||[10:54am] Phoenix Group +2.71%
Phoenix Group extended its strong financial performance into the second half and is on track to achieve the top end of its 2013 cash generation target. The insurance provider confirmed year-to-date cash generation of £734 million, and said it was bound for its full-year cash generation target of between £650m and £750m.
Update by Max Cohen, Trader,
Technical Charting Packages for Phoenix Group
Even though charting software and packages tend to differ across the various firms, in order to help your analysis, the majority of charts usually come with useful features and tools that include:
The charts offered by FinancialSpreads.com also offer more advanced features such as:
- A host of different time periods such as 15 minutes, 2 hours, 1 month etc
- A variety of chart views such as candlestick, OHLC and line charts
- Tools for drawing and adding features such as Trendlines, Fibonacci Arcs, Time Zones and Fans
Example equities chart
- Back Testing, Customisable Indicators and Optimisation tools
- Key technical overlays such as Moving Average, Bollinger Bands, Chande Kroll Stop etc
- A selection of indicator charts such as Momentum Percentage, Williams %R, Projection Bands etc
- Customised alerts when the markets reach a given price
The spread betting firms in the list below give users access to live trading charts/prices:
Where Can I Spread Bet on Phoenix Group for Free?
Speculating on the markets always includes an element of risk, but if you would like to open a completely free Demo Account, which lets you trial financial spread betting, then please see below.
When thinking about which investment option is right for you, don't forget that, in the UK, spread trading is tax free*, i.e. there is no stamp duty, capital gains tax or income tax.
If you are interested in a free financial spread betting site then you should note that you can speculate on Phoenix Group with no brokers' fees, and zero commissions, via providers like:
If you are looking for a completely free Demo Account where you are able to get a feel for spread betting, including markets such as Phoenix Group, then you can always take a look at:
The spread trading companies listed above provide a Practice Account which investors can use to practice with a host of trading orders, test trading strategies and study charts, such as candlestick and bar charts.
How to Spread Bet on Phoenix Group?
If an investor decides to invest in firms such as Phoenix Group then one solution could be to place a spread bet on the Phoenix Group share price.
Looking at a spread trading platform like Capital Spreads, you can see that they are showing the Phoenix Group Rolling Daily market at 635.2p - 639.3p. As a result, an investor can spread bet on the Phoenix Group shares:
Increasing higher than 639.3p, or
Decreasing lower than 635.2p
When financial spread trading on FTSE 350 equities you trade in £x per penny. So, if you chose to have a stake of £4 per penny and the Phoenix Group share price changes by 28p then there would be a difference to your P&L of £112. £4 per penny x 28p = £112.
Rolling Daily Equities Markets
You should note that this is a 'Rolling Daily Market', therefore unlike a futures market, there is no settlement date. Therefore, if you decide not to close your trade by the end of the day, it will stay open and roll over into the next day.
If your bet is rolled over and you are speculating that the market will:
Go up - then you will often be charged a small financing fee, or
Go down - then you'll often receive a small payment to your account
To see a fully worked example read Rolling Daily Spread Betting.
Phoenix Group Rolling Daily - Shares Trading Example
If we continue with the spread of 635.2p - 639.3p and make the assumptions that:
Then you may choose to go long of the market at 639.3p and invest, for the sake of argument, £5 per penny.
- You have completed your research, and
- You think that the Phoenix Group share price looks like it will increase and go above 639.3p
Therefore, you win £5 for every penny that the Phoenix Group shares move higher than 639.3p. On the other hand, such a bet also means you will make a loss of £5 for every penny that the Phoenix Group market moves below 639.3p.
Looked at another way, if you were to ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
As a result, if after a few trading sessions the stock rose then you might consider closing your trade and therefore lock in your profits.
Taking this a step further, if the market did go up then the spread, set by the spread betting company, might move up to 661.4p - 665.5p. You would close your trade by selling at 661.4p. As a result, with the same £5 stake you would make:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (661.4p - 639.3p) x £5 per penny stake
Profit / loss = 22.1p x £5 per penny stake
Profit / loss = £110.50 profit
Speculating on equities, by spread betting or otherwise, is not simple. In the above example, you had bet that the share price would increase. Of course, the share price might fall.
If the Phoenix Group shares weakened, against your expectations, then you might decide to settle/close your spread bet in order to limit your losses.
So if the market dropped to 620.1p - 624.2p then this means you would settle/close your trade by selling at 620.1p. As a result, your loss would be:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (620.1p - 639.3p) x £5 per penny stake
Profit / loss = -19.2p x £5 per penny stake
Profit / loss = -£96.00 loss
Note: Phoenix Group Rolling Daily spread betting price quoted as of 01-Feb-13.
Phoenix Group Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Phoenix Group with
'Phoenix Group Spread Betting' edited by DB, updated 24-Apr-14
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