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JR. Just Retire.

76.00
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Just Retire. Investors - JR.

Just Retire. Investors - JR.

Share Name Share Symbol Market Stock Type
Just Retire. JR. London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 76.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
76.00 76.00
more quote information »

Top Investor Posts

Top Posts
Posted at 19/10/2013 20:40 by whibbled
Looks like a 'fat cat only' IPO

"The Global Offer consists of an institutional offer only and ordinary shares of the Company will be offered to (i) certain institutional investors in the United Kingdom and elsewhere outside the United States and (ii) in the United States only to QIBs in reliance on Rule 144A or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act."

Don't think I would want to play anyway....The 2009 little 'arrangement' cost me a loss of £9k !!
Posted at 24/9/2009 12:50 by wonder boy
Does anyone understand what is going on here? Looking at the announcements from 10th August, JR told us that Avalon have to come in with a bid by tomorrow, 25th Sep! Avalon said on the same day that the deadline was 1st Oct.

The JR announcement also stated that they would release full year results before the deadline. This has not happened! Why not???

I think if Avalon walk away the share price could actually increase. So long as the delayed results aren't a problem. And if they don't walk then new investors pick up 9% in a week.
Posted at 28/4/2008 07:20 by welsheagle
RNS Number:1854T
Just Retirement (Holdings) plc
28 April 2008



JUST RETIREMENT (HOLDINGS) PLC
("JUST RETIREMENT" OR "THE COMPANY")

THIRD QUARTER 2007/8 NEW BUSINESS FIGURES

Just Retirement, the specialist UK life assurance group focusing on the
provision of financial services to those at or in retirement, today announces
its new business figures for the third quarter ended 31 March 2008.

HIGHLIGHTS

* Group total sales in the third quarter of #184.7m, up 12.1% on
corresponding period of previous year (#164.8m)
* Group total sales in nine months to 31 March 2008 of #571.7m, up 20.5%
year-on-year on the corresponding period (#474.4m).
* Based on a recent study by Watson Wyatt, Just Retirement now expects the
total UK annuity market to almost double in size over the next three years
and for enhanced annuities to increase their share of this market from the
current market share of 11%.
* Equity release distribution partnership signed with Bradford & Bingley,
one of the largest providers of equity release products in the UK, giving
the Group access to 197 branches nationwide.

NEW BUSINESS RESULTS

#m (unaudited) 3 months ended 3 months ended %
change
31 March 2008 31 March 2007

Annuity Policies 147.6 130.7
12.9%
Equity Release Mortgage Advances 37.1 34.1
8.8%
Group Total 184.7 164.8
12.1%


#m (unaudited) 9 months ended 9 months ended %
change
31 March 2008 31 March 2007

Annuity Policies 460.7 401.8
14.7%
Equity Release Mortgage Advances 111.0 72.6
52.9%
Group Total 571.7 474.4
20.5%


Mike Fuller, Chief Executive of Just Retirement, commented:

"I am pleased to report that the positive indications highlighted in our recent
interim results are now becoming apparent in our new business figures.

Despite a slow annuity market - where we believe that up to one quarter of
retirees may have taken the decision to delay purchasing an annuity - we have
delivered year on year growth of 14.7% in sales. We are confident that these
deferments will begin to be reversed in the next few months since it is not
generally possible for the majority of retirees to forego the income generated
in the medium term.

As anticipated, our equity release business has continued to progress well. Year
to date growth against the comparable period is a very strong 52.9%, while the
business has shown resilience in current conditions, delivering 8.8% growth
against the equivalent quarter last year.

I am delighted to announce that we have signed a distribution agreement with
Bradford & Bingley Group plc enabling Just Retirement Solutions, our advisory
distribution business, to market equity release products via its 197-strong
national branch network and to their large existing customer base. This
arrangement should increase volumes in the coming financial year over and above
those already generated by SAGA and a number of large IFA groups which already
introduce their customers to the Group.

Just Retirement was a sponsor of the Watson Wyatt 'At Retirement Study' the most
extensive analysis of its kind to date in the UK. The results suggest
significant sustained growth of almost 20% per annum in the annuity market over
the next ten years. The study's approach was substantially evidence-based and
data-driven, however its findings are supported by the fact that personal
pensions were introduced exactly 20 years ago. Monies invested from this time on
are now starting to mature as a growing number of people reach retirement.

Based on the information contained in the study, the individual annuity market
is likely to grow from #11bn in 2007 to #20bn within the next three years.
Additionally, we are confident that the share of the market taken by enhanced
and impaired annuities will continue to grow from the 11% level achieved in the
final quarter of 2007, boosted by impending regulatory initiatives in regard to
the operation of the Open Market Option, in the context of the FSA's Treating
Customers Fairly. The medium term outlook is therefore very strong both from a
market perspective and the Group's state of readiness to secure growth from it.

During the third quarter, annuity market conditions remained subdued, owing
largely to consumer confidence. However, there are recent signs of improvement
which may suggest that these adverse conditions could be coming to an end.
Current trading remains encouraging for equity release as we reap the rewards of
a new pricing strategy adopted early in the New Year. We remain confident of
meeting our expectations for the current financial year."

A conference call for analysts and investors will be held at 9.00am this
morning. Please contact Lindsay Noton at Citigate Dewe Rogerson on 020 7282 1032
for dial-in details.
Posted at 17/1/2008 09:16 by masurenguy
Announced yesterday that Langholm Capital, a London based mid-market PE investment company, purchased 3m shares to take their JR shareholding up to 51.94%.

About Langholm

Founded in 2002, Langholm Capital is an independently owned and managed mid-market private equity firm. Langholm manages a fund of almost €250m, Langholm Capital Partners L.P. Investment focus is mid-market private companies, capitalised at between €20m and €200m in high-growth consumer sectors in Western Europe, mainly UK, France, Benelux, Germany, Spain and the Nordic region. Langholm is unique in that it combines private equity techniques with an added value approach by leveraging the sector expertise, local market presence, credentials and other resources of its investors.

Just Retirement: A UK financial services organisation focused purely on the needs of those in and approaching retirement. Just Retirement is focused on retirement products and specialises in enhanced pension annuities and equity release schemes. Fair and flexible terms are provided based on the clients individual circumstances. Experienced management team driven to deliver high standard of customer service. Products are sold through Independent Financial Advisors. Acquisition made in August 2004. Langholm Board member: Bert Wiegman.

Investment Rationale
1. Strong sector growth driven by the ageing of the UK population and consumer's requirements for tailor-made retirement solutions.
2. Brand and product differentiation will drive company growth and provide market leadership.
3. Capacity to re-enter market quickly using proven systems, IFA goodwill and experienced management.
Posted at 06/5/2007 16:34 by stegrego
THIS is a sweet time for Just Retirement. Since the specialist life insurer floated last November, it has produced two impressive sets of sales figures. Last week it announced an 89.7% rise in annuity policies for the past three months. Over nine months the figures are better, rising by a whopping 145%.

Just Retirement has cleverly exploited niche markets. Its so-called impaired life annuities offer smokers and those with serious medical conditions a higher level of income when they retire because they have a lower life expectancy. Just Retirement's other business is equity release plans, allowing the elderly to unlock the value of their homes without having to sell up. Both are booming.

Mike Fuller, the chief executive who has a stake worth £63m in the business, has a track record – he set up and made Britannic Retirement Solutions profitable before it was closed by its cash-strapped owner, Britannic, in 2003.

But Just Retirement's success needs to be put into context. The company is only a couple of years old and its storming results compare with a period when the business was in start-up mode. Sales will moderate as the business builds – or, as Fuller observed, "you can't keep doubling volumes ad infinitum".

So far, investors have lapped up the story, driving the shares up by 90% and valuing the business at £822m. But it's time to take some profits.

grant.ringshaw@sunday-times.co.uk
Posted at 01/3/2007 08:32 by johnrxx99
The Momentum Investor. While not in their portfolio however, which as performed very wellover 3 years.

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