Share Name Share Symbol Market Type Share ISIN Share Description
Just Group Plc LSE:JUST London Ordinary Share GB00BCRX1J15 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.92 -2.06% 43.68 1,088,383 16:35:05
Bid Price Offer Price High Price Low Price Open Price
44.14 44.42 44.90 43.08 43.86
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 3,825.00 368.60 28.37 1.5 454
Last Trade Time Trade Type Trade Size Trade Price Currency
17:21:22 O 2,932 43.639 GBX

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Date Time Title Posts
22/9/202017:28JUST retirement new thread1,314
29/3/200305:17just a thought1

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Just Daily Update: Just Group Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker JUST. The last closing price for Just was 44.60p.
Just Group Plc has a 4 week average price of 43.08p and a 12 week average price of 43.08p.
The 1 year high share price is 87.65p while the 1 year low share price is currently 41.22p.
There are currently 1,039,081,664 shares in issue and the average daily traded volume is 2,231,810 shares. The market capitalisation of Just Group Plc is £453,870,870.84.
18bt: RBC cuts price target to 130p - so share price falls to 53! Swathes of broker cuts across insurance sector as they take account of deferred dividends. My personal view is that in the life sector, these are dividends deferred rather than cancelled forever, unless the Government somehow decides to nick the excess capital
fez77: As someone who has very little of the knowledge that others on this thread have, can anyone work out roughly what the current value of these shares would be? Albeit it may not be reflected in the current share price!
topvest: I like the CEO - he talks about capital, shareholder value etc. The Rodney bloke just talked about sales and profit and ignored cash flow and capital. He was incentivised incorrectly and ran the business into the ground. Looks like the share price is responding to what's going on, at last. Lots of potential to restore shareholder value if they focus on proper capital allocation.
nav_mike: The overblown share price reaction on results day now fully reversed. Yes there is significant uncertainty, yes profitability is so/so but that discount to NAV is one of the biggest I have seen. The lack of write downs in the interim accounts was the reason I added on the day, and looking on the chart I can see 55p and 72p as being reasonable targets (Cue a share price plunge lol)
cjac39: id keep away from profits as they get distorted by ifrs and nb. ie down 27% today is great news as they are stopping new biz strain. but elephant in room here is cost base. they need to sack loads of costs and im not sure public environment is right place. so i reckon they will limber on (and share price will accrete anyway as surplus emerges) or more likely priv eq takes them out. there was no bad news in todays announcement that changed anything or was unexpected. indeed the surplus emerging profile on last page should have doubled share price if anyone knew what they were doing which sadly most fund managers dont
nav_mike: Struggling to see negatives in those results but awaiting market reaction. A Net profit after tax only widens the disparity between share price and NAV
scrapheap: Decent results in the context of being in semi rundown... Asset value and embedded value still miles above share price. Refinancing the 9pct would be nice from Mar next Yr if poss.
scrapheap: JPMORGAN UPGRADES 'MORE BALANCED' JUST GROUP (Sharecast News) - Analysts at JPMorgan Cazenove upgraded financial services firm Just Group to 'hold' on Wednesday, noting that the intrinsic value of the company's back book suggested a "more balanced" risk/reward scenario. JPMorgan centred its previous 'underweight' thesis on four key factors - Just Group's limited balance sheet flexibility to absorb macro stresses, its higher debt leverage following the firm's recent issuance of debt capital, lower volume and margin guidance and an "unattractive" dividend yield. However, Just's year-to-date underperformance of 50% relative to the insurance sector prompted analysts at JPMorgan to look at the downside potential. To assess that, JPMorgan focused on looking at the intrinsic value of the back book, arriving at a base case value of £640m for the book at the end of its investigation - a figure higher than the group's current market cap of £611. "Thus, we see limited downside risk to current share price and move our rating to 'neutral'," said analyst Ashik Musaddi. "Looking at the DCF of the back book (i.e. business written as of date), we get to back book valuation of £1.1bn which is a discounted figure for capital run off and back book spread earnings." JPMorgan, which reduced its 2019 EPS estimates for Just Group to 9.87p due to incorporating increased finance cost in its model, also adjusted its price target on the firm from 86p to 78p. "We value Just Group's shares at Dec-19 PT of 78p using unlevered PE multiple of 9x and deducting debt at face value. Given Just Group has high leverage to macro risk and relatively weaker capital position we believe that a high cost of equity is justified in valuing Just Group."
18bt: Share price when JR and PA merged on 4.4.16 (date scheme effective) was 153p. Price today 65.5p, a fall of 57%. The BOD have done more damage to the share price than George Osborne in the 2014 budget. 2016 Rodney Cook base salary and benefits £720k,what will they be this year when they finally get the accounts out?
nav_mike: Even if he doesnt stand to make financial gain from the attack on the JUST share price, it would be hard from reading that website, to not deduce that the authors have a strong dislike of the company . Impartial it isnt - only JUST is selected for crticism. They are obviously the only company active in this industry. Whatever the motive, they come across as intellectual zealots, who believe their way of thinking is the only possible correct way. That is dangerous, and hopefully the PRA have been persuaded to take counsel from a more wide ranging selection of sources
Just share price data is direct from the London Stock Exchange
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