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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jelf Group | JLF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 214.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 214.50 |
| Top Posts |
|---|
Posted at 25/3/2014 15:18 by barefoot141 Would be good to see JLF close at 130 or above |
Posted at 21/2/2013 11:34 by squaddie Hi Control 1. Its got to be an A. My SIPP is looking a lot healthier as Im sure are your options. Another good set of results, but, and this is the question facing a lot of brokers, what happens when you,ve cut staff and closed offices ?. You can only do that once !. 82 p on a 1.8p divi thats about right. Hope to see continued progress on debt reduction which remains very high. Could see this go a little higher, but the divi will need to increase to support any major move. |
Posted at 13/12/2012 07:39 by 0rb1t More coverage: |
Posted at 20/11/2012 09:59 by 0rb1t Not long to the finals. Hopefully they declare a dividend. It sounds like they have the resources to do so. |
Posted at 17/5/2010 19:16 by palmleaf Quiet board here - just had a look at the last accounts. £16.5M is in "Fiducary Cash" (Client money). JLF has only £2.5M itself in cash. The Balance sheet looks pretty thin - not much real asset backing and way too much in intangibles for me. I'll watch for now.......DYOR |
Posted at 19/2/2010 09:03 by 29palms JLF has more cash reserve than MCap!!Has this been overlooked by the wider investment market? DYOR |
Posted at 19/11/2009 21:57 by changecharlie Whats driving this JLF down? I can't see any reason for it, other than being overlooked and that; previously, quicker profits were available elsewhere. Now the blue chips and banks have soaked up all the side line money and profits are taken as we get toppy, surely JLF will be getting some LOVE again? Thoughts? |
Posted at 12/3/2009 12:32 by squaddie Control 1. You only have to look at the insurance times or any other Insurance publication for details of commission levels. Either JLF,s Commission/Income levels are to low or overheads are to high ?. But the current end profits (EBITDA) are just to low. Until such a time as EBITDA is sorted nothing much will change. I hope your right about passing the others on the way up, but this will only happen when your leaders sort out the profitability of the company and come more in line with the other majors. Your no longer a "regional independent" You are a national company, and the sooner everyone stats to think like this and get the same deals as other nationals the sooner Jlf profits will reflect somthing like the normal. And yes when, or if this happens the share price will look very silly. I still hold and will look to add at this level. Good luck |
Posted at 05/3/2009 13:26 by squaddie Gogoalex. I,m still here, just don't look in quite so often, as Control1 says what can you say about this thats news. Lots of turnover but little profit. I know what commision levels Aon, Giles, Bluefin, Marsh, Towergate are on. why is Jlf any different ?. General Insurance avg is about 30%, and yes the likes of AXA, NU are looking to reduce this by 5 points, but by taking on MID and delegated claims work this can be increased to 40%+. One can only surmise that the current business model compared to its peers is flawed. For what it's worth I still think this will come good, either that or one of the others will pick up a bargin. Some of the companies this group has bought were amongest the best independents in the market. |
Posted at 28/8/2008 11:33 by squaddie Control1. I guess we both work in similar circles. I work for a company that went down the 3i path some 4-5 years ago, and thankfully we managed to get free with a decent deal. I have friends that work for JLF, and it seems they are having some problems keeping senior staff after the buy-out period. This is not an uncommon problem as many smaller brokers sell to retire. The problem for Jlf is converting turnover ( commission and fees ) into profit. Income of £40.6 million profit £2.6 ?. Look at your competitors Oval £101 income £24.6m profit. VP £135 - £35 Towergate £353 - £140.5 Aon £510 - £93.5. All about 20-25% compared to JLF 6%. You can see that JLF have a lot of work turning aquired income into profit, and it is prehaps for this reason that investors are turning to companies that are more mature in the consolidation market. In regards to the others being "skint" Aon are reported to be eyeing up JLT after bidding £844 million for Benfield. Paying 10 x earnings, which would value Jlf at £26 million or about £130 per share, on the posititive side it is 3 x turnover which values jlf at @ £5.40. The real figure based on similar companies is @ 22% profit from income @ £9m x 10 £90m or @£3.50 per share. This will only happen if and when JLF improve profits. Control1, take a pay cut !!! and increase the profit. Good luck with your options, and the plan...... |
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