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JUST Just Group Plc

103.00
1.80 (1.78%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Just Investors - JUST

Just Investors - JUST

Share Name Share Symbol Market Stock Type
Just Group Plc JUST London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.80 1.78% 103.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
101.60 100.60 103.40 103.00 101.20
more quote information »
Industry Sector
LIFE INSURANCE

Top Investor Posts

Top Posts
Posted at 03/4/2024 22:26 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 more

Worth 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 08/3/2024 19:34 by 1jat
Re buy backs….I dont think they are in much of a position to do a significant one in the short term….
CJAC is right in his assertion that cash generation and capital are somewhat constrained but this will ease over time.
They have an expensive 300m debt to roll over this year….I would expect them to be able to roll it over on improved terms, or make a partial debt repayment. Any financing savings can be passed into the dividend.
Interestingly they have reduced the SII debt element to 30% by growing the own funds so they will be under no investor pressure to pay down the debt.

Potential risks exist - regulator will look at the valuation of illiquid assets more closely and financial reinsurance. There will also be some commercial pressure on the margin which is good in the market - there is nothing to stop a scheme getting a regular quote from Just and then asking a competitor to beat the price. Being able to price schemes/GiFL business using very little capital suggest they are potentially making excess profits or have mis-priced the business.

Anyway after these numbers I expect some upgrades coming from the analysts and some decent buy orders from funds.
Posted at 03/3/2024 11:29 by clive7878
Looks encouraging I don't believe Just is on many investor radar screen at present.
Price nearly always starts higher each day and then falls back.

I do wonder whether one should not be topping up prior to results as this looks like a no brainer.
But there is always unforeseen black clouds that could come around the corner.
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 20/2/2024 13:59 by clive7878
The Market Makers could be pushing the share price down - so investors then sell - so then if the results next month are are better thanservice the price & make more money. expected - being already on a low pe ratio - they can rai
Posted at 22/1/2024 16:55 by clive7878
Just is still not on many investors radar screens, so when it is, we should see a rerated share price
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.
Posted at 02/1/2024 22:07 by eigthwonder
"earnings" and "NAV" are all a bit moot in a world where actuaries tell accountants what the numbers are. One of JUSt's problems is that this is a sector where dividend yield matters (because investors don't trust many of the other numbers) and JUSt's yield is paltry in comparison with the peers. Sure there is dividend growth and there is promise of more to come but JUST is the poor relation here and demonstrably doesn't have the cash flow to fund premium rates of both growth and income.

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