Xps Pensions Share Discussion Threads

[eeza] 15/2/2024 07:39

RNS - TU

Continue to 'hint' at a beat - "at least in line with upgraded expectations".

[johnrxx99] 15/2/2024 07:34

An excellent Trading update:-

The positive momentum from 2023 has continued into the new calendar year and January was a strong month. Given the drivers of demand commented on below, coupled with new business success such as the win in Pensions Administration of the John Lewis Partnership contract, the Group continues to be well positioned for growth in FY25 and beyond. The Group remains confident of achieving full year results for the year ending 31 March 2024 at least in line with its previously upgraded expectations and expects to carry good momentum into the next financial year.

We are continuing to see high levels of client demand for our services. In our Pensions Actuarial and Consulting business, this is in part driven by regulatory reform, including the introduction of the new General Code of Practice for pension schemes which will come into force on 27 March 2024.

We are also continuing to work through GMP rectification projects for clients, which drives demand for services in both our Pensions Actuarial and Consulting business and in our Pensions Administration business. In Pensions Administration we are also busy supporting public sector clients through pensions rectification projects following the McCloud judgement.

We expect these drivers of demand to continue into FY25 and beyond. For example, there will be further material regulatory change with the introduction of new rules regarding how actuarial valuations should be carried out, which will affect all our defined benefit pension scheme clients. We expect these new regulations to be introduced no later than 30 September 2024.

All of this is happening against a backdrop of continued Government consultation on a wider agenda of change that could result in more pension scheme assets being invested in 'productive finance' to benefit the growth agenda in the UK. Any changes that arise from these consultations would also likely drive high demand for consulting advice from our clients.

[johnrxx99] 13/2/2024 01:52

Director sale not helping the retrace. I'll keep on watching though.

[wisecat2] 25/1/2024 10:04

Good Morning

[johnrxx99] 25/1/2024 07:19

New thread here if anyone interested. Cheers.

[johnrxx99] 25/1/2024 07:18

I hope this is OK. Please let me know if you like more added in the preamble.

[johnrxx99] 25/1/2024 07:16

XPS Pensions Group is a leading pension consulting and administration business focused on UK pension schemes. XPS combines expertise, insight and technology to address the needs of over 1,500 pension schemes and their sponsoring employers on an ongoing and project basis. They undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 81 with assets over £1bn.

[johnrxx99] 25/1/2024 02:59

Would anyone mind if I started a new thread. The name on this one is old and lacks some of ADVFN standard addons?

[basem1] 14/12/2023 09:35

Looks ok but better value elsewhere Price up with events on an EPS basis Chart is a firm buy however Just been alerted to it by Gervais Williams - Duverse income trust. He also likes PAY and I3e in the oil space

[huntie2] 12/12/2023 15:55

hmmm, come on, a little more Christmas spirit, please....

[scottishfield] 23/11/2023 08:45

A very good half year report I thought. RBC raises to 255, outperform.

[robsy2] 14/11/2023 14:28

Nice work Tom. The significance of this passed me by a bit. Great news.

[74tom] 14/11/2023 12:02

As per the annual report;

Pension Administration revenues rose 10% to £57.5 million (FY 2022: £52.3 million) helped by new client wins including Peugeot and BAA and a full year of our outsourced
contract with IBM. The wins saw the number of members we have under administration surpass the one million mark for the first time."

Yesterday's RNS;

"The Scheme covers nearly one hundred and sixty-five thousand members."

Assuming 1m members at the start of FY24, that worked out at revenue of £57.5 per member. Based on that yesterday's contract was worth ~£9.5m per annum.

Looks odds on to result in a further upgrade to FY24 expectations...

[kalai1] 17/10/2023 13:34

XPS Pension plc issued a post close trading update for the HY ended 30th September this morning. Strong trading momentum from H2 last year has continued and HY Group revenues have grown 23% year on year to £94.5 million, 19% organically. Strong demand across all the Group’s services, new clients, and the inflation-linkage of contracts across the business all contributed to the growth. Guidance was positive, valuation is average with forward PE ratio at 14.5x, while the share price remains in a solid uptrend. The balance sheet is also reasonably healthy. A pretty solid investment case. BUY...

...from WealthOracle

[babbler] 17/10/2023 09:42

Given up on the other one then have you?

[blackhorse23] 17/10/2023 08:23

Out now & going to buy GATC

[eeza] 17/10/2023 07:56

Looks all on track & ahead of expectations.

[melody9999] 17/10/2023 07:56

Yes - looks very positive to me

Canaccord target price raised to 262p

[robsy2] 16/10/2023 09:45

It looks like we are in for a very positive trading update tomorrow.

[wessie] 29/9/2023 13:15

Will probably hang on for a while, shame it hasn't held above 200 today.

[charlotte2020] 28/9/2023 18:49

Ticking away nicely here. Shares still look good value. Wouldn't be surprised to see a takeover. Given recent bids everything is up for grabs

[robsy2] 28/9/2023 18:44

My fear is an opportunistic takeover. XPS would make a tasty morsel for a US or other corporate that wants to buy a leading UK company in the lucrative pensions business.
Strong hold for me.

[melody9999] 28/9/2023 17:27

at the momment it seenms like things going down keep on going down. fortunately here the opposite is true! staying with it.