Share Name Share Symbol Market Type Share ISIN Share Description
Just Group LSE:JUST London Ordinary Share GB00BCRX1J15 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.25p +0.31% 82.00p 16,746,208 16:25:57
Bid Price Offer Price High Price Low Price Open Price
82.00p 82.10p 83.85p 80.50p 80.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2,176.90 -85.50 -6.83 771.7

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Date Time Title Posts
18/3/201911:29JUST retirement new thread843
29/3/200305:17just a thought1

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Just Group Daily Update: Just Group is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker JUST. The last closing price for Just Group was 81.75p.
Just Group has a 4 week average price of 79p and a 12 week average price of 79p.
The 1 year high share price is 158.50p while the 1 year low share price is currently 69.15p.
There are currently 941,068,882 shares in issue and the average daily traded volume is 10,654,868 shares. The market capitalisation of Just Group is £771,676,483.24.
lovat scout: Decent analyst summary Underlying operating profit up 31% to £315m while it made an IFRS loss due to changes on property assumptions “caused by Brexit”. Importantly new business margin is 11.2% up from 9% in 2017. So new business is healthy but its about the back book where the company is doing a 10% placing alongside a £300m debt issue. The solvency Capital Coverage was 136% (December 2017 139%) and the company says that it now expects own funds to increase organically from 2022. Net assets are £1.66bn some 81% above the current share price. Until the company achieves a state where it can grow organically from its own funds it may not trade at NAV which is 3 years away. But most investors would suggest an 80% return in 3 years is a good one.
scrapheap: Shore Capital said it expected that the company would need to raise additional debt but the equity issuance comes as a surprise. Analyst Paul De'Ath said it makes sense to cancel the dividend for 2018, as it was at the interim stage. "This makes sense given the capital raise and has actually been suggested to us by a number of investors. At this stage, however, the company plans to pay a rebased dividend (1/3 of the previous per share amount) from 2019F. "Overall today's announcements amount to the company resetting a number of factors in order to prepare for the future. The capital breakeven point has been pushed back by a number of years as part of that process. There is likely to be some short-term reduction in the share price to adjust for the placing but going forward this should put the business in a much more secure place regarding capital and take away much of the uncertainty surrounding the stock. We will need to flow the latest developments through our model but the business still looks too cheap and we would expect a positive reaction once the placing has been completed."
scrapheap: Broker Panmure Gordon agreed that the key point is that the PRA has confirmed that transitional relief for technical provisions for pre-2016 business will be recognised for the remaining period to 31 Dec 2031, and that the company "now has breathing space". Analysts at RBC Capital Markets said the outcome is positive news for Just Group, in particular, "but also for Aviva and L&G, who also hold ERM assets, but to a lesser extent", calculating them to be less than 5%. "We calculate that the new approach will only reduce the Solvency II ratio by 3% points to 139%." With Just Group's share price down 40% since the announcement, from 135p, despite business results that were 30% ahead of consensus over the nine months to 30 September, RBC said: "The business is flying, in our view, and the removal of uncertainty around the ERM consultation allows management to focus on key areas of growth, including, bulk annuities which we see as the best structural growth opportunity in Europe and a market where we believe £30bn is the new norm. This creates a compelling buying opportunity in our view."
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
bolador: 542 It is not possible for the PRA to be correct with regard to the guarantee. However they can through regulation enforce provision against future events as they in their opinion see fit.At present KPMG has a different opinion and does not need to act until the PRA makes its judgement and requires them to comply which of course KPMG will do. Just has already made very clear its exposure and risk in this conversation with the PRA. Not least suspending the dividend. The market knowing that government and its relations do not often admit error the share price assumed the worst and duly collapsed.And thus created at least a great short term opportunity for buyers of this share at 70p or a little less against this mornings 85pence.
poppabear4u: From last evening's ADVFN news:Just Group was given a leg up by RBC Capital Markets, as it said that a rights issue - which the share price is factoring in - will not be required.It looks like this has given the share price a boost.
cantrememberthis2: Bounce in the afternoon could be explained by 2pm article (yesterday) Meanwhile the dip in share price prompted Panmure Gordon to upgrade the stock to a 'buy' because the record low represented a significant discount to what the stock was actually worth. Shares in Just subsequently hit a record low today. A note from Panmure Gordon suggested this dip might be down to income funds 'taking a few following the deferment of the interim dividend decleration' during the half-year results. However it is not all bad news for Just. Fitch continued to rate Just A+ in terms of finances. It also pointed out that Just has 'highlighted a range of capital management options available to it in case of a detrimental impact' from new rules. hxxp://
cantrememberthis2: "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://
scrapheap: It occurs to me the share price maybe should be suspended - there's no way to value the business as the results suggest with the accountant qualification There's a great performing business BUT an outside of control regulatory issue which could have a massive or minimal impact, this leaves the share price open to insider trading risks and/or disorderly market. It's not nice to do but the basis for attributing a value is just so hard... Problem is what it does to Just's reputation and new business if that was to happen. There's no wins here other than getting the position clarified asap.
bolador: Anybody considering investing in JUST must be put off trying to understand the technicalities of the various products on offer by the company especially if they have read the most recent posts here. On the face of it we have a company on a PE of under 6 an EEV value of 228pps and a very strong trading statement in July. The share price now looks to be one of those stock market anomalies that crop up from time to time time. The company must be aware that the interest cycle is on the turn and from historically low levels. They must also be aware that the UK housing market has had a huge run that is unlikely to be repeated soon. Can they not adjust their terms to suit or are they stuck with unhappy contracts ? As to house prices ever weaker sterling provides a partial safety net for this business.This perhaps complicates the relationship between option models and the real world. Numis had Just a buy in July after the trading statement with a TP of 220p !
Just Group share price data is direct from the London Stock Exchange
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