Jelf Share Discussion Threads

[barefoot141] 25/3/2014 13:18

Sigora. I think it will track sideways a bit between the 132-139 mark like it did on the way down. Be interesting if it breaks 140. AIMHO

[sigora] 25/3/2014 12:27

wow barefoot you were spot on was reading your posts on agy didnt buy in here but did in ple both going super

[barefoot141] 25/3/2014 09:32

looking to break through the 128 resistance level today and then next hurdle 130

[barefoot141] 25/3/2014 08:25

I'm now in based on the chart

[mctmct] 19/2/2014 11:21

What's up here? Imminent news?

[control1] 09/2/2014 22:48

Squaddie, debt..?Until the TIP aquistion, there was virtually no debt unlike some of our competitors (who shall remain nameless).

[mctmct] 27/12/2013 15:37

Results look good, IMO.

[saucepan] 31/10/2013 18:12

Hi folks, I bought an initial holding here today, partly on the basis of the chart pattern highlighted above, which I spotted on ShareScope. The PEG looks low, too; so I suspect value.

[mctmct] 21/10/2013 11:36

Paul Scott on today's update:

Insurance broker & financial consultancy, Jelf (LON:JLF) issues a reassuring trading update for their year ended 30 Sep 2013, saying that they have had a positive H2, with results expected to be in line with market expectations. The outlook statement sounds cautiously optimistic;



Markets remain challenging but we remain strongly cash generative and continue to focus on improving efficiencies and controlling costs whilst growing the business organically where opportunities present themselves.



It looks good value on broker forecasts - PER of 11.3 based on 7.7p EPS for 2012/13, and a PER of 8.5 on 10.2p forecast EPS for 2013/14. That's quite a big jump in forecast EPS though, so I'd want to do some digging on whether that's realistic or not?

Dividends were resumed in 2012, and the forecast yield is about 2%. Not great, but it should grow over time. I remember seeing management present at Mello Central some time ago, and thought it looked a boring, but reasonably priced business, and that seems to still be the case. Might be worth a look?

[davidosh] 05/3/2013 17:10

Anyone interested in a company presentation ?

[squaddie] 21/2/2013 11:34

Hi Control 1. Its got to be an A. My SIPP is looking a lot healthier as Im sure are your options. Another good set of results, but, and this is the question facing a lot of brokers, what happens when you,ve cut staff and closed offices ?. You can only do that once !. 82 p on a 1.8p divi thats about right. Hope to see continued progress on debt reduction which remains very high. Could see this go a little higher, but the divi will need to increase to support any major move.

[0rb1t] 11/2/2013 07:37

"The acquisition is part of Jelf's expansion plans, bringing the company's successful business model to more clients. With the arrival of Howell Shone into the Jelf Group, they now have over 27 offices across the South, Midlands and Wales."

Jelf had 30 offices at end of Sep 12. So it looks like they have achieved more cost saving by closing 4 unwanted offices.

[0rb1t] 05/2/2013 07:30

Good to see a director re-investing his dividends:

[0rb1t] 01/2/2013 15:37

Another bolt-on acquisition:

[0rb1t] 15/1/2013 07:41

elf appoints Wayne Pontin executive director
14 January 2013 | By Tynan Barton

Jelf has appointed Wayne Pontin as executive director, mergers and acquisitions.

Pontin, who is also currently chairman of the Association of Medical Insurance Intermediaries (AMII), was previously sales director for Jelf Employee Benefits.

Pontin's experience in the health insurance market will help him in his new role in identifying opportunities for growth.

Alex Always, chief executive at Jelf, said: "To maintain the success of our employee benefits business, and to deliver our targets, we believe our organic growth should be coupled with acquisitive growth, as and when the right opportunity arises.

"With all the experience and contacts Wayne has, he is ideally placed to identify these opportunities."

[control1] 08/1/2013 15:27

squaddie 1 Feb'11 - 13:08 - 196 of 205 0 0

Good set of results. EBITDA 14% and a small profit. Staff reduced by 5% and would guess more consolidation to come. PE still massive, but as debt gets paid down this should continue to improve. B+ for effort.


What's the mark awarded this time then squaddie..?

[0rb1t] 08/1/2013 08:52

New service offering:

[0rb1t] 20/12/2012 09:18

5/Dec - Finncap house broker updated forecasts to 13EPS 8.2p and 14EPS 10.0p. Div 1.8p

[0rb1t] 17/12/2012 07:41

Article on PMI for 2013:

[0rb1t] 13/12/2012 07:39

More coverage:

[0rb1t] 12/12/2012 09:14

225K just bought at 80p

[0rb1t] 07/12/2012 13:02

Cool, nice jump today.

[0rb1t] 20/11/2012 09:59

Not long to the finals. Hopefully they declare a dividend. It sounds like they have the resources to do so.