Partnership Share Discussion Threads

[alyo] 08/5/2014 19:57

The PA share price suggests a 70% fall in takeups.

[scrapheap] 08/5/2014 18:39

See JRG thread where Pru's annuity fall details are now public too.

I would suggest that anything less than 50% would be a good number for either of the 2 specialists...

[badtime] 08/5/2014 18:19

Actybod...you are right..''slide'' is a bit dramatic...softened would be more apt...my apologies

[actybod] 08/5/2014 17:29

Wouldn't call it 'sliding' badtime!

[badtime] 08/5/2014 12:39

Sliding pre results

[scrapheap] 07/5/2014 09:14

ex dividend, repeat 100x

[scrapheap] 07/5/2014 08:06

Legal & General (L&G) saw its individual annuity sales drop 40% in the first quarter of the year, with sales down from £406m in 2013 to £244m.

[scrapheap] 06/5/2014 08:46

Ex dividend date tomorrow (3p)
Trading update Weds 14th.

Won't be dull here I imagine...

[actybod] 01/5/2014 23:28

I agree topinvest - bulk annuity market should reap further returns.

[topvest] 01/5/2014 20:30

It's never going to be 90% in my view. If you look at other international markets, annuities still represent a signficant proportion of the offering. 50% is probably a reasonable guess at this stage. Partnership should be able to adapt and pick up new business in the defined benefit pension area, as well as other new products. They will also need to focus on profitability in their growing in-force business.

Could trigger a merger between Partnership and Just Retirement....just a thought, but it must be an option at some point.

[actybod] 01/5/2014 20:00

So if SL say 50% fall not as bad as the 90% predicted!

[alyo] 01/5/2014 17:49

All that means is that pa and jrg will have a monopoly now

[scrapheap] 01/5/2014 16:33

More views to suggest the market did over-react...

Hold the obituary, plenty of life left in the old annuity yet

[alyo] 01/5/2014 13:50

Things look great for partnership. As long as we are signing new contracts unrelated to annuities.(like the £30m previously), we will still be making under £100 m profits per annum . As stonking great value buy

[scrapheap] 01/5/2014 13:12

I called that then at least!!

Also agree entirely with the articles views.

[ashbox] 01/5/2014 13:02

Mentioned in the Money Week daily newsletter

[scrapheap] 01/5/2014 10:53

A flurry of small 'o' trades buying just kicked off.... might be a few retail punters if it's been tipped in a mag etc somewhere?

just another guess...

[scrapheap] 30/4/2014 14:01

3 big trades just gone through - over 2,200,000 shares in total.... is the hedgie buying up to the 5% mark?

price nudging higher at least!

[scrapheap] 30/4/2014 08:31

Standard Life annuity sales fall 50% following Budget

[scrapheap] 29/4/2014 14:17

MGM job cuts with comments from JRG and PA.



Just Retirement, which issued an annuity sales warning earlier this month, would not comment on the potential for future job cuts.

Just Retirement customer insight director Stephen Lowe says: "It is too early to predict how consumers and advisers will change their behaviour as a result of the Budget. We are keeping a close eye on progress and we will update the market as and when we make any firm decisions."

Partnership director of corporate affairs Jim Boyd says: "It is too early to assess the impact of the Budget on consumers and advisers.

"Clearly we will need to a close eye on the situation and if we do make any decision we will be very clear about that."

[scrapheap] 28/4/2014 10:43

more likely is they haven't a clue what this means for their business and are so just carrying on business as normal and hoping it all dies down without 2 big an impact...

[scrapheap] 28/4/2014 10:21

Here's a crazy long-shot, optimistic shout... what if one of the big insurers has approached them about buying them on the cheap, then they'd not be able to be buying in the market?

Wishful thinking probably.

[topvest] 28/4/2014 09:02

The Annual Report has been released. They can buy.

[django 2012] 27/4/2014 21:20

One of the reasons they can't buy is because directors aren't allowed to within 2 months of results being published. Year end was December 31st 2013... so final year results are expected to be announced any day. So may be they'll buy after those are released.

[techno20] 27/4/2014 21:07

Me too - made a few hundred pounds, but didn't deliver the bounce I'd expected. Very disappointed by the failure of the directors to buy. Unlike Just.

Think the next set of new business figs will be sobering to say the least. Suspect this will pay off in the long term, but investors will need to be patient IMV.

Techno.