JRP Group Share Discussion Threads

[scrapheap] 15/9/2016 09:25

if the GifL market is returning and the other parts doing well too, it is surely inevitable that a big boy will come and buy the firm up - probably not Aviva as they own Friends Life now and that's the only other Care fees annuity provider in the market vs JRP (was JR and PA. too before the merger) but I'd guess L&G as frankly I don't know what their USP products are these days...

[18bt] 15/9/2016 08:11

Good share price reaction at the start ...

[18bt] 15/9/2016 07:48

This is quite a confident statement: "This demonstrates a continuing improving trend in the GIfL market now that the pensions reforms announced in the 2014 budget have taken place, and advisers and consumers have had a chance to adjust to the new pensions landscape."

The other striking thing for me is that there is no mention of the US. Will be interesting what thye have to say to analysts about that.

[18bt] 15/9/2016 07:44

Interims out - a bit better than I expected and with merger synergies increased by £5m pa. GIFL sales up - pretty amazing considering the interest rate environment, but they seem to be using the increased yield in equity release to support a better annuity yield. Seemingly v strong DB sales since 30/6 - bodes well for the full year.

Interesting new distribution strand offering impaired income for life through corporates.

Care plan sales up strongly: perhaps less surprising given the news today about the pressures on the care sector - this could be an engine of some growth at good margins.

[king kong dong] 15/9/2016 07:36

Looks like business going well here!

[bigdazzler] 23/8/2016 09:52

Well that's my momentum trade finished nice little profit.

Good luck all.

[bigdazzler] 23/8/2016 09:02

Cheers 18BT nice when it works out that way.

[spectoacc] 23/8/2016 07:29

Discount to a growing NAV or a shrinking one? No position here, bought them after the Brexit vote but luckily got back out again. Also wonder what plans Hammond might have to tinker around in the Autumn Statement. Hopefully he'll be too busy splurging on infrastructure to do a George Osborne.

[18bt] 23/8/2016 07:13

Prob good call dazzler - reassuring update this am. Massive discount to NAV. Would hope to see a bounce

[bigdazzler] 22/8/2016 16:11

Gone long on this on spreads. A small amount as going against the main trend and a close stop.

However on the daily chart I see weakening downward momentum and today's price confirmation of this fact.

Maybe early on this one but let's see.

[scrapheap] 19/8/2016 18:31

looking a bit grim but here's some welcome news

hxxp://www.professionalpensions.com/professional-pensions/news/2468403/amey-enters-gbp65m-bulk-annuity-with-just-retirement?utm_medium=email&utm_campaign=PP.Daily_RL.EU.A.U&;utm_source=PP.DCM.Editors_Updates

[dusseldorf] 06/7/2016 09:31

Just FYI for holders - A friend of a friend works in Just Retirement is finding out about redundancy plans in next couple of weeks (whether they keep their job) - I guess this is part of the £40m cost synergies

[18bt] 20/6/2016 16:59

hxxp://www.moneymarketing.co.uk/pru-pulls-open-annuity-market/

Less competition, but possibly less access to Pru pensioners - won't be good for the Pru pensioners!

[18bt] 13/5/2016 08:48

Summary on long term prospects from a KBW note of Tuesday:
Greater visibility is still required on what level of growth can be sustained under the new SII regime, especially considering that a relatively low pro-forma coverage ratio of 1.3-1.4x includes the benefit of transitional capital reliefs but new business does not. Looking through the capital constraint, we believe that secular and circular drivers imply high levels of demand for JRP’s medically underwritten products – the baby boomer bubble, DB-to-DC theme, the large closed-scheme DB industry, the risk-adverse nature of UK retirees, the regulatory bias towards increasing the OMO, the optical attractiveness of medical underwriting rates to the consumer, the deferral of retirement due to low interest rates seen since 2008 and the societal need for equity release product driven by generational issues with wealth allocation in the UK.

[18bt] 11/5/2016 07:28

Q3 IMS from the forgotten company in the FTSE250. Some encouragement from annuity sales and DB de-risking should make a come back in Q4. Absolutely nothing on cost savings; presumably this will wait to until the finals. I would be hoping for them to raise their cost savings targets at that point.

[18bt] 27/4/2016 13:32

More evidence that annuities aren't dead?:

hxxp://www.moneymarketing.co.uk/quarter-of-a-million-use-pension-freedoms-in-year-one/?cmpid=pmalert_2241000&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_news

[3rd eye] 15/4/2016 08:25

Yep but look at the drop in share price, approx 16% since the deal went through. Im a trader rather than an investor so I dont want to be holding medium term here, anyway Ive sold out.

Thanks for the help its been much appreciated. Me that made the mistake of taking the trade on not knowing the full terms of the deal. And thats rank bad trading from me.

cheers hope everything goes well for you.

[18bt] 15/4/2016 08:03

What's your problem with the merger terms - v small premium to PA shareholders for giving up control to JR shareholders, massive synergies making the whole much more than the sum of the parts ...

[3rd eye] 14/4/2016 17:29

Right thanks for clarifying that 18BT, I cant believe shareholders of JRG voted the merger through on those terms, but must have. Wonder what is in it for the board. And the big boys. Obviously from the way the share price as performed since the merger a lot more like me are a little miffed.

ohh well I count on 1 or 2 duffers per year, this is the first one.

cheers.

[18bt] 14/4/2016 16:53

If you held JRG stock, there was no change to your shareholding, but you should benefit from a share of the significant synergies (announced cost savings £40m) plus, hopefully some revenue synergies.

[3rd eye] 14/4/2016 12:31

18BT...Right still havent got my head around this one, if you held stock in JRG on the 4th of april, what were you supposed to get out of the merger, what were the terms per share.

Ive sold JRG stock since the 4th but surely that wont effect my position!!.

Your help would be appreciated, Ive taken my eye of this one and waded through RNS after RNS and still none the wiser.

[3rd eye] 14/4/2016 12:01

Good to find you.

Why is the share price so weak.

[18bt] 13/4/2016 09:23

A new thread for the newly merged Just Retirement and Partnership groups: FTSE250 constituent