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JRP JRP Group

135.10
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
JRP Group LSE:JRP London Ordinary Share GB00BCRX1J15 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 135.10 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 135.10 GBX

JRP Group (JRP) Latest News

Real-Time news about JRP Group (London Stock Exchange): 0 recent articles

JRP Group (JRP) Discussions and Chat

JRP Group Forums and Chat

Date Time Title Posts
21/5/201717:28Not just Just Retirement149
08/11/201618:29crazy-

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JRP Group (JRP) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

JRP Group (JRP) Top Chat Posts

Top Posts
Posted at 17/5/2017 09:45 by flagon
Q1 TU due tomorrow according to JRP financial calendar.
Posted at 10/5/2017 15:34 by fez77
"Your wish is my command" (JRP Genie)
Posted at 08/5/2017 15:56 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 11:01 by scrapheap
JRP should be worth more, says Numis

Retirement 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 25/4/2017 12:34 by fez77
Final Div 2.4p, ex div on 4 May, that could push share price back over the 1.30 mark. However, still a long way to go to regain former glory - and also to reach brokers forecasts which range from 1.60 to 2.20. Latest is 2.20 from Numis. Bring it on!
Posted at 07/4/2017 09:24 by salpara111
With pe boys owning 39% of the business I struggle to see how they exit without negotiating a complete sale of the business. They cannot sell the 39% stake to a single investor as that would trigger a mandatory takeover offer.
Placing 9% has driven the share price down dramatically so there is simply no possibility that they will be able to exit by selling down their stake into the market which leaves the possibility of a sale of the business.
I don't know enough about them to really understand who might want them and more importantly what sort of price they might be willing to pay for them.
Posted at 28/3/2017 14:08 by mount teide
To be fair to Odey they initially reported a disclosed position last May at around 140p.

Rather than take profits, it appears greed got the better of them because, they elected to double up their short position at the summer lows, only to see the share-price then surge by 60%, and turn a large winning position into a loss.

During the next few months as the shareprice eased, Odey began closing out at/around their average price but, then found the shareprice in the run up to the Prelims quickly get away from them and, following the strong results and encouraging outlook, they elected to avoid crystallising a heavy loss by increasing their short again.

A potentially risky strategy considering the embedded value, strong results/outlook and rising market/sector.

AIMHO/DYOR
Posted at 28/3/2017 12:36 by mount teide
Odey Asset Management are running a short, with an average price i would estimate at around £1.30 going by their public disclosures. They are the only II with a disclosed short position.

Odey capped the strong price rise on results day following the rise to £1.60 by increasing their short by a further circa 1.0m shares to 1.55%.

Since then they appear to be controlling the book without increasing their short further by triggering stop losses and from year end profit taking.

I'v been adding heavily under £1.40 - There is now a rising tide under JRP's market/sector - "It is easier for us to be selective with respect to the risks we take when markets are growing. The 2016 margins demonstrated this, and we remain selective in relation to new business," Rodney Cook/CEO - 10 March 2017
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 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"
JRP Group share price data is direct from the London Stock Exchange

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