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Partnership Share Price - PA.

Share Name Share Symbol Market Type Share ISIN Share Description
Partnership LSE:PA. London Ordinary Share GB00B9QN7S21 ORD 10P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25 -1.45% 152.75 152.75 154.00 155.00 152.75 154.75 22,820 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Life Insurance 752.1 24.1 5.0 30.6 611.00

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Date Time Title Posts
12/8/201520:32Partnership Assurance473

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DateSubject
15/4/2015
00:13
rathkum: Partnership Assurance downgraded by Canaccord By StockMarketWire | Tue, 14th April 2015 - 16:15 Canaccord Genuity has downgraded its recommendation on Partnership Assurance (LON:PA.) to 'sell' from 'hold', citing concerns over free cash flow and cost of capital as the main reasons behind its change of stance. The broker added: "We update our forecasts post the FY14 results and 10-year £100m bond issue to Cinven at a 9.5% coupon. We think the 9.5% cost of debt suggests a higher cost of equity. We argue that Partnership's MCEV calculation is inflated by the low discount rates, which do not reflect the cost of capital, which we think is in the low teens." Nevertheless, analysts have upped their price target to 115 pence a share (from 92 pence), after changing their valuation basis, which is still well below the current share price. At 4:14pm: (LON:PA.) Partnership Assurance Group share price was +0.63p at 143.63p
14/1/2015
20:40
rathkum: By Dave Baxter | Published 10:38 Partnership boss defends debt consideration More on Insurance Partnership Assurance Group’s chief executive has dismissed the idea that his company is considering debt because the approaching pension reforms have battered its share price. Having specialised in annuities, Partnership is among the companies that could be hardest hit by the pension rules coming into force in April. On 19 March 2014, the day George Osborne unveiled his pension reforms, Partnership shares fell more than 50 per cent, opening at £3.19 but closing at £1.43. But Mr Groves said Partnership was probably the only listed life insurance company with no debt, and that it was not the “optimal structure” to be entirely funded by equity. His comments followed the announcement that Partnership had hired Bank of America Merrill Lynch and Royal Bank of Scotland to arrange a series of fixed-income investor meetings to assess a sterling-denominated subordinated debt transaction issued by Partnership. On 7 January 2015, the day of the announcement, Partnership shares opened at £133.75 but closed at £132.50. Mr Groves said the company was looking to raise capital for ongoing projects, including expansion in the US. Adviser view Colin Rodger, managing director of Glasgow-based Alexander Sloan Financial Planning, said: “There has been quite a downturn in the annuity business, and I do not really see that changing in the forseeable future.”
26/3/2014
10:20
captain_kurt: http://moneyweek.com/hargreaves-lansdown-share-price-jumps-as-annuity-companies-slide/ Shares in Partnership Assurance (LSE: PA.) have slumped 55% to 138p, while Just Retirement (LSE:JRG) has tumbled 42% to 154p. Both companies are specialist annuity providers, and so their business is threatened by George Osborne's planned reforms. However, I think these share price falls are overdone. That's because Parternership and Just Retirement are both 'good guys' in the annuity world. The real scandal with annuities has been that too many retirees were given a poor deal when they bought an annuity. They didn't realise they could shop around between annuity providers and get the best deal. Instead they took the annuity they were offered by their pension pot provider. If these pensioners had shopped around and declared all their health problems, they might have been able to boost their pension income by 40%. Partnership and Just Retirement are specialist annuity companies, they don't provide pension saving products. So if you end up with an annuity from either company, either you or your adviser has shopped around. Under the chancellor's new plan, everyone will be offered free financial advice when they retire, so that should mean more people will shop around at retirement. Granted, many folk will decide not to bother with an annuity. Instead they'll either go into drawdown or just take all the money from their pot after paying some income tax. But some people will still want an annuity, and I believe a higher percentage of annuity buyers will end up at Partnership or Just Retirement. So yes, I can see both companies' share prices have fallen. I just think the falls are too large.
21/3/2014
08:59
techno20: Hate to give him airplay, but for once agree with EK... Shares in Partnership Assurance Group (PA.) were knocked sharply yesterday and have fallen again today to 126p thanks to the budget proposal to allow folks not to take an annuity when their pension is due – annuity provision is a major part of Partnership's business. Bear raider Evil Knievil reckons the market has got it wrong and has bought the shares. Evil argues that the Net Asset value of partnership is – last seen – only slightly below the current share price and that this limits the downside. He further argues that good parts of Partnership's business will not be affected by the proposed changes, something the company itself stated: "We believe that these proposals do not affect our range of Defined benefit, Care annuity and protection products." Moreover he believes that although pensioners can now opt not to take an annuity many will decide to "play it safe" and still take an annuity. Thus the impact on partnership's profitability will not be as great as the share price reaction appears to indicate. - See more at: http://www.shareprophets.advfn.com/views/4554/exclusive-evil-knievil-buys-partnership-assurance-shares#sthash.dPQgHdkD.dpuf
16/10/2014
19:44
topvest: Rubbish. Annuities are still the best way forward for many individuals. Their business will adapt over time to market changes. In the meantime the embedded value in the existing portfolio covers the share price.
20/3/2014
11:07
tsmith2: Shares in Partnership Assurance Group (PA.) were knocked sharply yesterday and have fallen again today to 126p thanks to the budget proposal to allow folks not to take an annuity when their pension is due – annuity provision is a major part of Partnership's business. Bear raider Evil Knievil reckons the market has got it wrong and has bought the shares. Evil argues that the Net Asset value of partnership is – last seen – only slightly below the current share price and that this limits the downside. He further argues that good parts of Partnership's business will not be affected by the proposed changes, something the company itself stated: "We believe that these proposals do not affect our range of Defined benefit, Care annuity and protection products." Moreover he believes that although pensioners can now opt not to take an annuity many will decide to "play it safe" and still take an annuity. Thus the impact on partnership's profitability will not be as great as the share price reaction appears to indicate. - See more at: http://www.shareprophets.advfn.com/views/4554/exclusive-evil-knievil-buys-partnership-assurance-shares#sthash.KDFrCnkh.dpuf
16/10/2014
07:46
topvest: Yes, a big slow down. Confident that things will turn around (maybe slowly at first) in 2015 and beyond. In the meantime, they have the run-off business anyway supporting the share price.
27/8/2014
10:14
scrapheap: Groves (pictured) said he did not believe the company’s share price reflected its opportunities and backed it to expand in the US and innovate in reaction to the Budget changes. ‘At the moment, I do not believe that the share price accurately reflects the opportunities ahead of the company therefore, I took this opportunity to “put my money where my mouth is” and purchase additional shares at the current valuation,’ he said. ‘I have huge confidence in Partnership – its potential growth and its ability to adapt in a changing environment to deliver both its existing annuities and other innovative solutions to prospective customers here and in the USA.’ http://citywire.co.uk/new-model-adviser/news/partnership-chief-groves-backs-revival-with-117k-investment/a768832?re=30424&ea=199352&utm_source=BulkEmail_NMA_Daily_PM&utm_medium=BulkEmail_NMA_Daily_PM&utm_campaign=BulkEmail_NMA_Daily_PM
23/3/2014
23:01
sh0wme: Investor Chronicles view on P.A. Share price. Quote:- " Despite the Chancellors move, the market annuities isn't going to disappear - leaving Partnerships share price slide looking like a significant over-reaction. The shares now trade well below June's 385p floatation price and almost at embedded value. That's unsustainably cheap. Buy".
21/8/2014
15:30
ochs: Went back to all time lows today (116p) - what do people think will happen to the share price over the next 3/4 months?

Partnership Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
2,270 154.91 04 Sep 2015 16:52:55 GBX


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