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JRG Just Retirement

154.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Just Retirement Investors - JRG

Just Retirement Investors - JRG

Share Name Share Symbol Market Stock Type
Just Retirement JRG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 154.60 01:00:00
Open Price Low Price High Price Close Price Previous Close
154.60
more quote information »

Top Investor Posts

Top Posts
Posted at 06/3/2015 10:02 by scrapheap
Other than the 90 day lock up (which can be waived) the problem now is potentially a perceived overhang of 52% owner of the business as a seller waiting to bail out.

That could cap the potential price recovery from here albeit it's quite normal for these sort of investors to want to get out asap post IPO.

For something bullish we need some 'good' investors to appear on the share register as a result of the sale - that will be encouraging if it happens!
Posted at 25/2/2015 19:40 by scrapheap
Investors Chronicle appears not to realise the dust is likely to start settling very quickly in a mere month and a bit!!

IC View:
New business sales have been impressive given the gale-force headwinds unleashed by last year's Budget, and the shares trade at a big discount to embedded value. Contrarians may spy an opportunity, but it's hard to see Just Retirement making much progress until the dust settles on the pension market. We remain cautiously neutral for now. Hold.
Posted at 24/2/2015 18:29 by scrapheap
Telegraph article



Key bits

The board and management are reasonably chuffed with the results, as they clearly show to the market that we are still a growth company,” Rodney Cook, chief executive, told the Telegraph. “If we have managed to achieve this in a very challenging market, we will leave it up to investors to think what we can achieve when markets are better.”
..

Deutsche Bank analyst Oliver Steel said the company's half-year results were “just remarkable”, writing in a research note that “the group is building a sustainable foundation for future sales” through its bulk annuity deals.

"The outlook remains uncertain in respect of individual annuities given that the Budget changes come into effect in April 2015. That said we would highlight that around half of JR’s profit has been driven by new business which we believe reinforces our view that the company is far from being a run off business," wrote Barrie Cornes, an analyst at Panmure Gordon.
Posted at 10/11/2014 20:47 by scrapheap
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“Whilst there remains uncertainty over the future level of demand for longevity products, trading at a 34 per cent discount to embedded value in our view incorrectly assumes that there is no value in the business going forward,” said Barrie Cornes, insurance analyst at Panmure Gordon. “We believe that this has created an excellent buying opportunity for those investors able to take a 12 to 18-month view.”
Posted at 01/5/2014 15:42 by hawkhybrid
I agree mostly with the article.

I don't like this line however :
'I still mildly prefer Partnership to Just Retirement, mainly on valuation grounds.'

just because it has dropped more, it doesn't mean it's better value.
it feels like they're stubbornly sticking to their guns. despite the
fact that by their actions jrg have probably made investors more
confident in holding onto their shares, hence the better rally.

each company should be credited by it's individual merits.

I'm out now, whilst jrg could still rise further it may take much
longer for them to do so. most importantly it'll take a more
capable person than me to increase my profits from here.

good luck all

HH
Posted at 22/11/2013 13:31 by salpara111
I'm guessing there are some pretty unhappy institutional investors here!
Not sure at what point they represent value but not going to do anything anytime soon.
Posted at 13/11/2013 10:23 by salpara111
Seriously heavy volume going on and weighted to the sell side so all those disappointed institutional investors clearly still have their hands in their pockets.
I am tempted to take a stake but the share price just lurched quickly towards the 190 line which leaves me feeling rather uneasy.
I think I will keep an eye on it today and see if it stabilises before taking a stake.

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