Just Share Discussion Threads

[edwardt] 11/9/2018 09:53

knowing topvest - his small is my large.

[cantrememberthis2] 11/9/2018 09:51

Topvest a small position should cause ZERO pain.
Qed

[cantrememberthis2] 11/9/2018 09:50

Brave? Nope... Suicidl lol
However since 84p, 90p, 110p etc we are plumbing low. Capita flipped from 200p range to 120p range on the rights issus debacle. Pundits were in agreement. In the end it stabilised and retraced.
Here we have the possibility not certainty.
Also the size of any rights issue (if) could be smaller like PFG.
Hence zhorters all over this.
Game on

[topvest] 11/9/2018 09:44

You are a brave man to keep buying this. Buying a falling knife and all of that! I'm not selling at a third of EEV though so will keep holding and taking the pain. Only a small position, but its very true that loss making positions like this HURT a lot more than your many winners!

[cantrememberthis2] 11/9/2018 09:37

Edward... Ive got more funds in place and totally get your gut sinking feeling.
Did this on Micro Focus, Capita etc.
Will keep loading.
Shorts gain...sellers misery. 15-20% down in 48hrs already

[edwardt] 11/9/2018 09:34

have joined you for a few more - must be mad - i often find when i do things that look and feel very uncomfortable that is often when i make some £.

[cantrememberthis2] 11/9/2018 08:56

Beg to differ, as they admit its the most costly option.
Whatever the outcome no different to capita and pfg etc.
Uncertainty will yield extreme movements in share price
Im busy picking these up.
103.5k holdings now.

[spectoacc] 11/9/2018 08:54

@cantrememberthis2 - I read that JUST comment as meaning a RI very likely, unless the PRA should surprise us.

[cantrememberthis2] 11/9/2018 08:42

At these lows - algos will continue.
Also lots of shorts will be under the 0.5% radar as not to be detected by average joe.
Its times like these - time to harvest them in tranches.

The moves from 84p to 70p says it all.

Yesterdays price action was a classic Shorting frenzy hitting the bid on each buy.

I am happy this morning they are flushing it down the pan further. Ill keep adding.

[edwardt] 11/9/2018 08:37

fitch have reiterated a- rating but with negative outlook - report reads ok in my opinion...

[nav_mike] 11/9/2018 08:35

Algo shorts are defo at work here, but the selling on friday was a result of some hefty genuine selling as withnessed by the large delayed trades that went through.

To be honest, I was surprised that there werent a lot more reported yesterday after hours

[cantrememberthis2] 11/9/2018 08:30

NAV_ I have now 100K of stock here.
bought £10k more today.
Nothing to do with selling pressure today.
This is the Algo Shorts doing their thing.
Extremes like the last 5 trading sessions are manipulation.

Note the board said the most costly is a fund raise.

Barclays and Numis (2 different breeds doubt it too) IMO

[nav_mike] 11/9/2018 08:27

The only declared short over .5% Lansdowne Partners reported a fairly hefty increase in their short of .32% or just over 3 million shares on 6.9.18

Way to go regulators and oh so clever mathematicians - the only people you are helping are the leeching hedge funds who profit out of shareholder misery

[salpara111] 11/9/2018 08:21

So basically in free fall until there is some clarity but clearly the market is expecting a fund raise in the not too distant future.
My stake is not big but still hurts!

[cantrememberthis2] 11/9/2018 07:18

"Just Group's shares extended their slide in the wake of the company's interim results published on 7 September into a fifth day. The pensions provider reported a rise in adjusted operating profits for the first half, but deferred its interim dividend as the outcome of the lifetime mortgage review remains unknown.

The sustained share price reaction seems unfair, with Barclays and Numis having both responded positively o the "exceptionally strong" results posted last week."

hxxps://uk.webfg.com/news/risers-and-fallers/ftse-250-movers--3478197.html

[cantrememberthis2] 10/9/2018 21:26

Key Bit from Results:
"Finally, equity. It is, of course, our most costly source of capital. The Board
will consider the optimal capital mix and would only issue equity to the extent
it is considered necessary."

All the shorting a sellers are doing the damage.

Strong BUY at these levels. IMO

[topvest] 10/9/2018 19:36

Well this is a perfect storm. Very depressing, but I'm going to sit tight now. Only a small position and getting smaller!

What a frustrating company. Excellent financial results conflict with regulatory capital issue concerns and -50% on the share price within a month or so.

Investors seem to be losing their bottle. Not helped by directors not buying, albeit they may not be able to given what is going on.

Difficult to know how this is going to end up, but if new equity is needed then we have permanently lost most of our original investment. This company should be boring!

[celeritas] 10/9/2018 16:05

Just read about 100 posts and I have to admit I have no idea other than regulator interference.
This is one I looked at early this year but I'm still no further forward.

Can anyone give some simple answers.
1. What effect will a housing crash have, say 10% to 20%
2. Average life spans, say it rose to 90, does anyone know what say even 1 years difference does to the model.
3.Why is the regulator interfering, whats in it for Just customers?

[qs99] 10/9/2018 15:54

I mean blimey, are the new regs really going to mean a massive rights issue? Really? That would appear to be what the shares are telling us, some big fund raise. The moment it isn't however and up we go....who knows....

[nav_mike] 10/9/2018 15:50

k3ndo

ADVFN is completely wrong....this has had non stop selling virtually all day

[edwardt] 10/9/2018 15:33

I AM WITH YOU FEZ77. DO WE NEED TO RAISE £400M OR NOT? YES /NO . MANAGEMENT SAYS NO , MARKET SAYS YES. WHO IS RIGHT?

[dasv] 10/9/2018 15:24

On your point on NNEG projections in the scenario of a -28% house price fall with no recovery, the shape of NNEG losses per year would relate to the distribution of terms of ERM's: i.e. the proportion of ERM's which would be redeemed within the 10 year period. Lots of factors to consider there - age of borrower, rate, LTV, longevity, morbidity risk.

I did note the cut off in the chart though and the non-linear (exponential-like) growth rate. I wanted to see the projected NNEG losses for the next 10-15 years not just the first 10, especially considering the in-flight PRA consultation.

[k3ndo] 10/9/2018 15:18

According to the ADVFN trades there are slightly more buys than sells so somebody has some confidence in the company.

[fez77] 10/9/2018 15:15

To hell with all these erudite discussions - can anyone tell us in plain language what the hell is going on?

[dasv] 10/9/2018 15:12

eumaeus - suggest you re-read until you understand my points.