Image source: Getty Images The dividend forecast for Phoenix Group (LSE: PHNX) shares is unbelievably high at the moment. Currently, analysts expect a payout of 53.9p per share this year and 55.5p next year. So, at today’s share price of 505p, we’re looking at yields of a whopping 10.7% and 11%. Can these forecasts be trusted? Are shares in the UK insurance and savings company risky? Here are a few things investors need to know about Phoenix Group and its enormous dividend. Low dividend coverage There are certainly some red flags in relation to Phoenix’s dividend payout. Currently, dividend coverage…
Author: user
On Monday, Piper Sandler confirmed its positive stance on Veritex Holdings (NASDAQ:), maintaining an Overweight rating with a price target of $30.00. The affirmation follows recent investor meetings with Veritex’s CEO Malcolm Holland, CFO Terry Earley, and Director of Strategic Development Will Holford, which took place in Boston, Baltimore, and Washington, D.C. last week. The meetings left Piper Sandler with a strong conviction in the potential for Veritex shares to rise, as the bank’s performance continues to exceed expectations. Analysts were particularly impressed by the bank’s direction, noting significant strides in improving credit trends, reducing commercial real estate concentrations, enhancing…
October 31, 2024October 31, 2024 0 By Stella Odueme As the Federal Government moves to attain a vibrant steel and metals sector, the Minister for Steel Development, Prince Shuaibu Abubakar Audu, has called on global players in the sector to choose Nigeria as a prime investment destination in Africa. Prince Audu made the call while speaking at the ongoing International Mining and Resources Conference (IMARC) holding in Sydney, Australia, from October 29 to October 31, 2024, highlighting the huge benefits of investing in Nigeria under the Renewed Hope Agenda of President Bola Ahmed Tinubu. A statement…
If the 1968 C1-series 100 established Audi as a serious competitor to brands like Rover and Mercedes-Benz, the 1976-82 C2 series solidified the German automaker’s foothold in the market. Today, Sharon Hall’s 100L Avant is thought to be the only roadworthy example remaining in the UK. Audi began developing the second-generation 100 in 1972, with the saloon model debuting in August 1976. Engine options ranged from a 1.6-liter and a 2.0-liter four-cylinder to a 2.1-liter five-cylinder—the latter marking Audi’s first use of this configuration, which the company claimed was “better than a good four, better than a poor six.” Audi…
On Monday, Citi reiterated a Neutral rating on Constellation Energy (NASDAQ:CEG) with a steady price target of $284. The commentary from the firm pointed to recent developments indicating challenges for the company’s nuclear fleet in executing future co-located deals with datacenters. This observation comes in the wake of a workshop by the Federal Energy Regulatory Commission (FERC) and the rejection of the Talen deal, which the analyst believes complicates Constellation’s strategy. The stock experienced a selloff that the analyst suggests reflects a market adjustment in expectations, from approximately 7.7 gigawatts (GW) to about 4.7 GW in co-location deals with datacenters.…
(Bloomberg) — Shares of nursing home operator PACS Group Inc. tumbled as much as 48% on Monday after Hindenburg Research released a short report alleging that the company has been — among other things — “systematically scamming taxpayers.” Most Read from Bloomberg The drop triggered volatility halts in the shares of the health-care firm, which made its debut as a publicly traded stock in April. PACS pared its decline, but is still on track for its worst day since its initial public offering. The stock closed at a record high of $42.94 on Friday, more than double the IPO price…
This seemingly immaculate Lamborghini Huracan Sterrato harbors a hidden flaw: it was once submerged in water. The type of water, whether saltwater or freshwater, significantly influences the severity of damage and the subsequent restoration process. Unfortunately, this particular Sterrato’s primary damage is listed as “water/flood,” a major red flag for potential buyers. While a pristine Sterrato typically commands a retail value of around $200,000, these rare supercars often sell for double that price on the market. However, investing in a flood-damaged vehicle, even at a seemingly discounted price, can quickly become a costly endeavor. Lamborghini Huracan Sterrato Flooded Model Up…
In the aftermath of the pandemic, freelancing has taken off in ways few anticipated. The shift from traditional work settings to remote, decentralized work environments ignited a new era for independent contractors and freelancers globally. Approximately 38% of the U.S. workforce engaged in freelance work in 2023. Statista projects that this figure will rise to 50.9% by 2027, suggesting that remote and flexible work arrangements are here to stay. This surge is particularly beneficial for platforms like Upwork Inc. (UPWK), which connects freelancers and clients in a dynamic, increasingly digital work economy. Upwork, a top player in this evolving space,…
Lamborghini recently celebrated the grand opening of its redesigned San Francisco showroom, showcasing its full hybrid lineup. The event featured the powerful twin-turbo Temerario, the groundbreaking V12 plug-in hybrid Revuelto, and the luxurious Urus SE. This comes on the heels of a record-breaking first half of the year for the Italian automaker. Located at 620 Du Bois St, San Rafael, CA 94901, the showroom boasts a sleek new design, cutting-edge technology, and a range of exclusive fashion and customization options. The Ad Personam customization room allows clients to personalize their dream cars with an extensive array of colors and materials.…
Image source: Getty Images The Glencore (LSE: GLEN) share price has had a tough time, as the slowing Chinese economy hits commodity stocks across the board. The FTSE 100 miner’s stock is down 5.56% over one year and 22.17% over two. Natural resources is a famously cyclical sector, and right now it’s out of favour. During the glory years of the Chinese economic miracle, when Beijing reported double-digit growth year after year, the country consumed 60% of global metals and minerals production. Can this FTSE 100 stock bounce back? With the country slowing sharply and repeated stimulus packages falling short,…