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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Just Group Plc | JUST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.80 | 1.13% | 161.40 | 16:29:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 158.80 | 158.80 | 161.80 | 161.40 | 159.60 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 01/12/2024 08:19 by 18bt This is from Bearbull in the IC last week. He holds Just in his income portfolio:The one bright spot for the UK portion of the portfolio has been this year’s one home-grown addition – life insurer Just Group (JUST) – which is up 32 per cent since we bought it in early April. To recap: Just was (and still is) benefiting from favourable actuarial shifts, rising in-force profits and strong (if capital-intensive) business growth. Demand from both pension trustees and individual savers for guaranteed retirement incomes is booming. And with each passing year since changing regulatory treatment of lifetime mortgages spooked markets, hitting Just’s shares and capital, investor confidence continues to grow. This confidence might be of the ‘believe it when I see it’ variety. But Just isn’t short of operational momentum. Capital ratios and net asset values continue to build, while the drag from new business is moderate, or being managed with reinsurance. A freshly inked £1.8bn transaction to secure all benefits of G4S’s pension scheme – a record for Just – was both an example of the latter, and suggested the insurer has the balance sheet and commercial relationships to land big deals. In April, I described the shares as a free hit on UK value, and so far the idea is working. However, even though new business is boosting profits, the staggered release of capital, competing demands on cash and a low starting point for distributions mean it will take a few years before Just starts to deliver as an income stream. Although consensus dividend estimates look cautious against fast-rising profits, I’m not expecting much more than a 3 per cent yield against our purchase price in 2025. |
Posted at 19/8/2024 19:40 by 1jat Questor says BUY.Not always reliable, but may draw in new investors. |
Posted at 16/8/2024 14:39 by clive7878 I agree with CB7 that 150p should well be exceeded, the share price currently has been quite firm, despite days where there has been more sells than buys. It could be flat for a while but I can see another upward turn in the future. Many investors of late have now woke up to Just Group, one of my favourites of the past year, together with AA4. Both have done me well of late. |
Posted at 13/8/2024 06:48 by 18bt You'll find the link to the webcast on this page: |
Posted at 13/8/2024 06:38 by nfs Presumably the live webcast will be from their investor relations website? I didn't see a specific link in the RNS |
Posted at 03/4/2024 21:26 by clive7878 Investors taking advantage of the price rise today - majority sells.Price may tread water for a while now. |
Posted at 24/3/2024 10:45 by clive7878 I did think that the share price would go a little flat after the recent rise,but Friday it is still motoring. Investors seem to have now woken up to Just Group, so who knows what is to follow. |
Posted at 11/3/2024 06:50 by 18bt From FT Weekend: Headline UK’s pension buyout boom leaves insurance investors wanting moreWorth a read, but behind a paywall. Conclusion is roughly Just Group’s low valuation has reflected unambitious targets for ROE, So beating the new, over-12 per cent target sent the shares up 13 per cent. But needs to earn the trust of the market by sustainable earnings growth. Just Group will need to to find sufficient suitable investment providing good returns to match the supply of bulk deals. |
Posted at 23/2/2024 11:28 by clive7878 Can the share price break out of the 80p - 82p price range ?Seems strange - getting more business, profits estimated to be up 15%, low pe ratio, and we have a flat share price. And results could be in 2 weeks time ? Will the stock then show up on investors radar screen ? |
Posted at 03/1/2024 09:12 by 1jat Historically there has been a trading update at the end of January with the results in early March.I expect sales will have continued to be strong in H2. The company has been in rehab for several years….the cash flow has improved. How they articulate how they will deploy the free cash flow (new business, dividend, debt repayment) will be the most important part of the results this year and next. There are several PE investors said to be looking to make investments in BPA…..I would like to see Just increase its capital and strike a JV deal to manage BPAs with an investor. This would make its fee income predictable and reduce its exposure to the underlying insurance risks. |
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