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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| JRP Group | JRP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 135.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 135.10 | 135.10 |
| Top Posts |
|---|
Posted at 17/5/2017 10:45 by flagon Q1 TU due tomorrow according to JRP financial calendar. |
Posted at 10/5/2017 16:34 by fez77 "Your wish is my command" (JRP Genie) |
Posted at 10/5/2017 16:17 by mount teide Should be good news for JRP!www.pwc.co.uk/press- |
Posted at 08/5/2017 16:56 by fez77 British Bulls recommendation is to "Stay Long":-"Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 25/04/2017, 10 days ago, when the stock price was 126.5000. Since then JRP.L has risen by +2.21%.Market Outlook The bulls are strong. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security...." FT (05.05.17):- As of May 05, 2017, the consensus forecast amongst 8 polled investment analysts covering JRP Group PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 08, 2016. The previous consensus forecast advised investors to hold their position in JRP Group PLC. Share price forecast The 6 analysts offering 12 month price targets for JRP Group PLC have a median target of 187.50, with a high estimate of 220.00 and a low estimate of 140.00. The median estimate represents a 45.01% increase from the last price of 129.30. |
Posted at 03/5/2017 12:01 by scrapheap JRP should be worth more, says NumisRetirement specialist JRP Group (JRP), which was formed of the merger between Just Retirement and Partnership, should be worth more, according to Numis. Analyst Marcus Barnard retained his ‘buy’ recommendation and target price of 220p on the stock after full year results. The stock was trading flat at 124p at the time of writing. He said the results gave much clearer guidance on how the company aims to balance the mix between growing new business, maintaining the capital base and paying dividends to shareholders. ‘We believe the current share price discount to embedded value is difficult to justify and provides investors an attractive level to increase holdings,’ he said. ‘The business should be worth more now than it was a year or 18 months ago, reflecting the merger, the cost synergies achieved, the growth in assets under management, the higher margins achieved, the growth in the embedded value, and the growing earnings per share profile.’ |
Posted at 06/4/2017 07:28 by 18bt PE boys actions dictated by the life of their funds and their acquisition prices. They can't push for a sale under their agreements with the Co, but I'd expect JRP to be taken over in due course. |
Posted at 03/4/2017 18:13 by 18bt Last Thursday the latest version of the Continuous Mortality Investigation was launched. Broadly life expectancies produced by CMI 2016 are lower than those produced by previous versions of the model, with the reductions beingparticularly significant in relative terms at ages 85 onwards. If the projections are correct, this would result in significant reserve releases for most annuity writers. This would be less for those who like JRP reinsure a part of the book (c39% of reserves). |
Posted at 17/3/2017 08:03 by 18bt Buy tip in IC this morning, summary:Born out of a merger between Just Retirement and Partnership Assurance last year, JRP (JRP) has set out its stall as a life assurer focused on quality rather than just quantity of new business. And while many predicted that the introduction of so-called pension freedoms in 2015 would lead to a savage drop off in individual annuity sales - one of JRP's key markets - there are encouraging signs that retirees still want these products even at a time of ultra-low rates. What's more, the withdrawal from the market of large insurers, such as Prudential (PRU), and rising "open market" sales means there are more potential customers up for grabs. Meanwhile, the life assurer's prudent approach to writing policies helped it double its new business margins last year. At the same time the group is diversifying geographically and by product line. Despite the growth opportunities on offer, individual-annuity worries, which we think increasingly look overstated, mean the insurer's shares trade at a discount to its peers. It's not always a positive having the IC behind you, but in general I think they get more calls right then wrong. |
Posted at 11/3/2017 12:28 by 18bt There's an interesting chart on page 35 of the presentation showing the massive slow down in increase in life expectancy since the Finanical crisis. If this continues, JRP will benefit massively from earlier deaths than expected. There's a new CMI projection model due out soon, which could change the mortality tables used to calculate liabilities. All in all, I see a number of positive catalysts for a JRP re-rating or takeover later this year. |
Posted at 07/11/2016 11:18 by dasv 1. Why were bonds unrated?2. Doesn't 9% indicate a relatively high default risk? 3. unrated + 9% despite capital markets presentation? "JRP Group plc (JRP) today announces that, following the completion of a successful roadshow, it has raised £250 million of sterling denominated unrated 10 year Tier 2 capital. The bonds will be listed on the Euro MTF market of the Luxembourg Stock Exchange. The capital that JRP has raised increases flexibility and provides further room for growth at attractive rates of return. It also enables us to repay the senior bank debt, which stood at £98m at the end of June 2016. This debt did not benefit the regulatory capital position of the Group. By increasing its leverage, the Group has further diversified and strengthened its regulatory capital structure. On a pro forma basis, the Group's Solvency II capital ratio at 30 June 2016 would have increased to approximately 151%. The combination of this increased capital flexibility, the increase in targeted synergies by £5m to £45m per annum, as well as the material improvement in margin as the combined Group sees the benefits of growing markets and a strong competitive position, will ensure that JRP can continue its growth trajectory whilst delivering attractive internal rates of return. Key terms and conditions: · £250 million 10 year bullet structure · Tier 2 qualifying regulatory capital instrument under Solvency II · Bond issued by JRP, the Group's listed holding company, with a subordinated guarantee provided by Just Retirement Limited, the Group's main operating subsidiary · Annual interest rate of 9% payable semi-annually in arrears" |
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