Share Name Share Symbol Market Type Share ISIN Share Description
JRP Group LSE:JRP London Ordinary Share GB00BCRX1J15 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.30% 135.70p 135.60p 135.80p 135.80p 132.70p 132.70p 7,805,790.00 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 3,940.9 198.8 20.2 6.7 1,265.94

JRP Group Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
29/3/2017
18:16
Slowly ticking back up. Hope their brokers and IR team can convince more city types of value to be he here... be interesting if still sitting at a c40% discount to embedded value, DYOR, whether another firm will "take a look" as it were?! Happy to have topped up this morning .... gla and all IMO
qs99
29/3/2017
11:08
I liked the extra 20m from "strong investor demand" piece, despite any "flannel" that may be in that statement. Likewise the PE firms are now down significantly on shareholding, are they desperate sellers or willing to hold on for longer? We will find out once 90 day lock up is up, seems quite short which is a shame, but hopefully JRP will continue to deliver, so yield plus intrinsic value IMO DYOR over £2 and Numis £2.20 TP bodes well when you can today buy at £1.33....GLA..
qs99
29/3/2017
08:46
"the Sellers announce that due to strong investor demand the size of the placing has been increased." 75M shares initially to 95M. Hmmm ... taken a position this morning. GLA
flagon
29/3/2017
08:17
I have to confess that I didn't realise that almost 50% of the company was in the hands of private equity and that they still have almost 39% after this large dump. I guess the question is how quickly do they intend to sell down this huge stake. If they want to liquidate their position that will undoubtedly hold back the share price for the foreseeable future. I have watched this one for some time with a view to taking a stake but I am not so sure now.
salpara111
29/3/2017
08:08
and just noticed broker upgraded TP to £2.20....NUMIS I believe,,DYOR
qs99
29/3/2017
08:06
NOW we know why there was weakness in the shares IMO.....this explains a lot and hopefully overhang now cleared!DYOR
qs99
28/3/2017
15:08
To be fair to Odey they initially reported a disclosed position last May at around 140p. Rather than take profits, it appears greed got the better of them because, they elected to double up their short position at the summer lows, only to see the share-price then surge by 60%, and turn a large winning position into a loss. During the next few months as the shareprice eased, Odey began closing out at/around their average price but, then found the shareprice in the run up to the Prelims quickly get away from them and, following the strong results and encouraging outlook, they elected to avoid crystallising a heavy loss by increasing their short again. A potentially risky strategy considering the embedded value, strong results/outlook and rising market/sector. AIMHO/DYOR
mount teide
28/3/2017
13:54
I really don't get the short position given its underlying value, but really appreciate your post Mount....yield will help....gla
qs99
28/3/2017
13:36
Odey Asset Management are running a short, with an average price i would estimate at around £1.30 going by their public disclosures. They are the only II with a disclosed short position. Odey capped the strong price rise on results day following the rise to £1.60 by increasing their short by a further circa 1.0m shares to 1.55%. Since then they appear to be controlling the book without increasing their short further by triggering stop losses and from year end profit taking. I'v been adding heavily under £1.40 - There is now a rising tide under JRP's market/sector - "It is easier for us to be selective with respect to the risks we take when markets are growing. The 2016 margins demonstrated this, and we remain selective in relation to new business," Rodney Cook/CEO - 10 March 2017
mount teide
28/3/2017
09:01
Puzzled at the recent falls. Recent Broker forecasts are from 160 to 220 and are nearly all Buy or Outperform. At 137/138 level surely this is a "no-brainer" Buy???
fez77
21/3/2017
12:15
Hopefully seller now cleared?
qs99
17/3/2017
08:03
Buy tip in IC this morning, summary: Born out of a merger between Just Retirement and Partnership Assurance last year, JRP (JRP) has set out its stall as a life assurer focused on quality rather than just quantity of new business. And while many predicted that the introduction of so-called pension freedoms in 2015 would lead to a savage drop off in individual annuity sales - one of JRP's key markets - there are encouraging signs that retirees still want these products even at a time of ultra-low rates. What's more, the withdrawal from the market of large insurers, such as Prudential (PRU), and rising "open market" sales means there are more potential customers up for grabs. Meanwhile, the life assurer's prudent approach to writing policies helped it double its new business margins last year. At the same time the group is diversifying geographically and by product line. Despite the growth opportunities on offer, individual-annuity worries, which we think increasingly look overstated, mean the insurer's shares trade at a discount to its peers. It's not always a positive having the IC behind you, but in general I think they get more calls right then wrong.
18bt
11/3/2017
12:28
There's an interesting chart on page 35 of the presentation showing the massive slow down in increase in life expectancy since the Finanical crisis. If this continues, JRP will benefit massively from earlier deaths than expected. There's a new CMI projection model due out soon, which could change the mortality tables used to calculate liabilities. All in all, I see a number of positive catalysts for a JRP re-rating or takeover later this year.
18bt
11/3/2017
12:11
Results and presentation read very upbeat on prospects. EEV per share grew 8% YOY and growth in insurance liabilities shows that this should continue. If the 32% discount doesn't narrow, it will be a takeover target either for a closed fund or more likely one of the big boys who would see value in the new business distribution. The PA bit still is not operating on a SII internal model and I wonder whether there is a slight solvency coverage upside when it does get approval - this appears to be with the PRA at the moment. The difference between SII and economic capital coverage is striking. The onerous SII risk margin costs about 65% of capital. ONe could view this as upside if the current EU review of SII ameliorates this or HMG do this post PR exit. The could be an important speech covering this on Mar 20th at the LBS. My other main takeaway is just how much the distribution companies (now rebranded HUB Financial Solutions) are losing £12.4m. If these don't move towards profitability soon, there should be a lot of shareholder pressure to sell or close them.
18bt
10/3/2017
13:19
just reading Panmure G's update, pretty upbeat IMO DYOR etc, £2.07 TP against £2.20 intrinsic value.....as you say sellers out of the way and IMO this is going to start trending higher again, gla...
qs99
10/3/2017
12:30
A lot of trading in shares - suspect some of this will be employees out of a close period using up CGT allowances, now that spreadsheet Phil has made it even less efficient to hold shares outside an ISA
18bt
10/3/2017
08:29
EPS of 20p a share too, big discount to embedded, merger benefits coming through and in the GIFL market so many other providers have pulled out now that they are the main go to insurer for this product now even for other insurers and their books it increasingly seems.... not just for we IFAs
scrapheap
10/3/2017
08:21
lovely jubbly, 15% discount to embedded value gets you around another 10%+ from here, wonder where market will take it....DYOR
qs99
10/3/2017
08:09
Well thumbs up from market so far IMO
qs99
10/3/2017
07:28
agreed, I think market had bigger discount to see if JRP could make merger work and start delivering, now it is IMO this discount will narrow, otherwise as you say, it will get taken out...gla
qs99
10/3/2017
07:27
QS - At this level of discount to embedded, they will get taken out later this year if the shares don't start responding
18bt
10/3/2017
07:23
embedded value £2.19, interest rate cycle turning ever so slightly, yield return and growth of yield stated, decent margin....reckon these may trend higher on this today...all IMO natch, DYOR
qs99
10/3/2017
07:10
At first sight, results look even better on margin than expected and return to dividend growth ought to be well received. As always with a life company, will bear a much longer look at - probably over the weekend in my case. One significant area of interest is confirmation that the Standard Life and Pru reviews of internal vesting are bringing back the "Open Market Option" market - which is what lead to the growth of JR and PA in the beginning.
18bt
03/3/2017
09:09
gla all for next week, holding on to that £1.50 level well IMO ahead of what hopefully will be a positive update next week DYOR
qs99
Chat Pages: 4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20170330 20:35:18