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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Just Group Plc | JUST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 1.38% | 102.80 | 14:22:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 103.60 | 101.80 | 104.00 | 101.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/03/2024 | Final | GBP | 0.015 | 11/04/2024 | 12/04/2024 | 15/05/2024 |
| 15/08/2023 | Interim | GBP | 0.0058 | 24/08/2023 | 25/08/2023 | 04/10/2023 |
| 07/03/2023 | Final | GBP | 0.0123 | 13/04/2023 | 14/04/2023 | 17/05/2023 |
| 09/08/2022 | Interim | GBP | 0.005 | 18/08/2022 | 19/08/2022 | 02/09/2022 |
| 10/03/2022 | Final | GBP | 0.01 | 21/04/2022 | 22/04/2022 | 17/05/2022 |
| Top Posts |
|---|
Posted at 20/3/2024 18:06 by clive7878 Just Group Plc. (JUST:LN) PT Raised to GBP1.60 at JPMorganMarch 20, 2024 JPMorgan analyst Farooq Hanif raised the price target on Just Group Plc. (JUST:LN) to GBP1.60 (from GBP1.35) while maintaining a Overweight rating... |
Posted at 11/3/2024 06:50 by 18bt From FT Weekend: Headline UK’s pension buyout boom leaves insurance investors wanting moreWorth a read, but behind a paywall. Conclusion is roughly Just Group’s low valuation has reflected unambitious targets for ROE, So beating the new, over-12 per cent target sent the shares up 13 per cent. But needs to earn the trust of the market by sustainable earnings growth. Just Group will need to to find sufficient suitable investment providing good returns to match the supply of bulk deals. |
Posted at 10/3/2024 11:14 by 1jat Just turning this around a bit…..the larger insurers typically pay out 50-70% of their earnings in dividends.If Just earns 30p sustainably for the next few years until it starts to look like the other insurers, a 20p dividend at 8% would lead to a share price of 250p. The Shareholder NAV would need to be 300p and would take about 6-7 years to get there which is near the end of Transitional Measures…. This does not appear implausible but requires consistent delivery as the market will continue to evolve. I anticipate annual share price increases around 20p pa for the next few years plus the currently small dividend rising at 15-20% pa. That is currently a 20% investment return, reducing to the teens as the company grows. |
Posted at 09/3/2024 21:00 by clive7878 L&G is paying 9% dividend.but then Just is on a pe of 3, so there could well be more mileage in the share price of Just to come, maybe next week even. |
Posted at 08/3/2024 10:30 by 18bt On the call, David Richardson was asked about share buybacks vs dividends and for a 2024 forecast! He claims shareholders have braodly stopped asking for dividend increases because of the scale of the opportunity, but they like the positive signalling. So he was uncommital, but he did say they would continue to look at signalling the positive environment through increased dividends. |
Posted at 08/3/2024 10:02 by clive7878 Posts 1872 from clive7878 - a no brainer - and 1877 from 1jat - a pe of 3 is not justified - posted a couple of days ago tells then of the prospect of a share rise.And its happened today. This is a solid stock going forward. Just has attracted a lot of business over the last 12 months and the stock was cheap on a pe of 3 prior to this. Dividend could be better though. |
Posted at 26/2/2024 11:07 by 1jat RivermanI would agree that earnings are less meaningful for insurers(and banks for that matter) than the capital position. The IFRS17 reporting now into its second round are intended to show a more stable IFRS profit as most of the asset price volatility /liability measurement changes will go through the contract service margin and be spread over 30-40 years for a company like Just. They will report a new business profit (what they add to the CSM in expected future profits) and this should provide direction over whether they are growing profits year by year. However the health of the company and what they can afford to distribute is governed by the capital position. Just has been rebuilding its capital and is entering the range when it starts to hold more capital than it needs so it should start increasing its shareholder returns (dividend and buy back). I expect they will raise the Dividend in line with their growth in underlying earnings (15%). If they can do a meaningful buy back (5% / £40m) as well that could really help the share price Their HY 23 capital position was an SCR of 204%…they only really need to hold 160-180%. So there could be room for an additional capital return….lets see. |
Posted at 01/2/2024 11:29 by 1jat hxxps://www.justgrouThe £400m deal is announced in the company news feed. The above article also caught my attention with the significant number of excess deaths continuing to feature post pandemic. While this is UK wide data and economic disparities have affected excess deaths, I would be surprised if this was not also evident among the insured customers of Just and the other annuity providers…..we can expect some reserving adjustments to come through in the next couple of years…..a bit of a reversal of the last 30 years of ever improving life expectancy. |
Posted at 02/1/2024 22:07 by eigthwonder "earnings" and "NAV" are all a bit moot in a world where actuaries tell accountants what the numbers are. One of JUSt's problems is that this is a sector where dividend yield matters (because investors don't trust many of the other numbers) and JUSt's yield is paltry in comparison with the peers. Sure there is dividend growth and there is promise of more to come but JUST is the poor relation here and demonstrably doesn't have the cash flow to fund premium rates of both growth and income. |
Posted at 20/10/2023 13:15 by 1jat I suspect that Brookfield may well want to play a part in the BPA market….but it will be as a reinsurer rather than originator…The originators pay away significant profits to reduce their capital commitments….The extension of the story to encompass buying (a stake) in Just / PIC may just be journalistic porky pies. It would be much easier to acquire a stake in PIC/Rothesay from their PE / SWF owners than to bid for Just (as far as I am aware there is no need to Just to raise capital so there is no route to acquire 10-20% in a capital injection transaction) So I am not expecting a bid for Just to emerge particularly given global conditions. But I do think Just is a good value share investment at these prices…..I think we will see some decent increases in the dividend (which is not generous)….if they are targetting 15% CSM growth then that should feed through. |
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