Just Share Discussion Threads

[kilobyte2] 13/9/2017 08:51

18BT

Thanks for the brief summary.


Kilo

[scrapheap] 13/9/2017 08:13

what's their drawdown product - I've not heard anything about it from my BDM?

[mount teide] 13/9/2017 07:58

The strong progress post merger continues - new business margin growth of nearly 80% (5% to 8.9% is highly encouraging).

[qs99] 13/9/2017 07:37

Yup, all looks good IMO....2019 is not that far away!

[18bt] 13/9/2017 07:24

Interim out. Key take always:
- margins very strong
- already £260m of DB derisking sales already in Q3, cf £296 for whole of H1
- div up 6%
- EV per share now 221p
- no release of mortality experience, in fact the reverse, but seems to be on the ERM book
- forecasting to be capital generative from 2019 which will allow much bigger dividend increases within 18 months
Overall pretty happy with these and still 28% discount to EEV

[mount teide] 07/9/2017 15:37

Only back to where we were on the morning the Prelims were announced in March; fundamentals suggest plenty further to go here over the next 6 months imho.

[qs99] 07/9/2017 10:48

trying hard to crack on through to £1.70 and beyond IMO

[qs99] 06/9/2017 16:06

Thanks yes so they may sell post results...let's see

[scrapheap] 06/9/2017 16:01

Just the standard 90 days lock up applied... so been able to do another placing for some time now. Agreed it'll be good once they've finished but I'd be expecting another round post results.

From 29/3/17 RNS:

Following completion of the Placing, Cinven will continue to hold 144,479,320 ordinary shares in the Company, representing approximately 15.5% of the issued share capital of the Company, and Permira will continue to hold 216,057,001 ordinary shares in the Company, representing approximately 23.2% of the issued share capital of the Company. These shares are subject to a lock-up which ends 90 days after completion of the Placing (subject to waiver by the Joint Bookrunners and to certain exceptions).

[qs99] 06/9/2017 15:28

aren't they locked up for longer? either way, at least this relative strength and broker Targets from what I have seen being materially above £2, provide some basis for soaking up any final sales....and then that overhang will have gone then anyway a further positive.....looking forward to this starting to get close to fair value which IMO is over £2...DYOR and roll on next week...

[scrapheap] 06/9/2017 13:38

Just hope the VCs don't look to dump another load once the results come out!

[qs99] 06/9/2017 13:25

Looking very good well done all those holding

[18bt] 05/9/2017 13:44

This looks like a new base is being formed at near 160p. Earnings forecasts seem to have drifted up since the last update. Interims Wed 13th.

[18bt] 31/8/2017 13:56

According to industry gossip, CL had to pay top dollar for RA. Some medically underwritten capacity in RAL

[qs99] 31/8/2017 10:54

hopefully this means a breakout?

[scrapheap] 24/8/2017 16:20

Very interesting that Canada life is buying retirement advantage.....

[flagon] 22/8/2017 10:50

Yes ... New high for the year. Interims on 13/9 should be good as July TU concluded with "We see this as a strong start to the year with more to come".

Numis : 27/3 forecast earnings of 14.7p for 2017 rising to 17.9p in 2018 for 21%+ growth.

[qs99] 22/8/2017 09:13

Hopefully broken £1.50
For good

[kilobyte2] 18/8/2017 17:58

Evening 18BT

I have just purchased a handful of share to supplement my L & G Holdings.

Holding well, in-spite of the last few days. Also holding JUST on LONG Trade also

Happy weekend to all.

kilo..

[18bt] 14/8/2017 07:28

Kilo, One further reason to hold Just is that they may surely become a takeover candidate for someone who sees the same opportunities in the annuity/de-risking space as L&G. Both Rodney C and Chris Gibson-Smith (Ch) may want to depart elegantly and do well for shareholders.

[joeall] 12/8/2017 10:09

I have both Kil.

[hitsha1] 12/8/2017 09:39

Look at IDP going to break out

[kilobyte2] 12/8/2017 09:13

Morning All

Very interesting Posts Anley and 18BT. Thanks for that

I am currently a shareholder of legal & General and now looking to acquire more L & G Shares, or, alternatively looking to acquire JUST to complement my existing holding of L & G.

At the moment, I am more inclined to purchase JUST based on current valuations, and not to have too much exposure to L & G, although post companies are good value.

Any comments or suggestions most welcome (Not to be taken as finical advice!)

Happy weekend to all

Kilo

[fez77] 10/8/2017 14:46

Thanks Anley and thanks 18BT also. Very helpful and useful posts.