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
  -1.85p -3.25% 55.00p 7,555,200 16:35:20
Bid Price Offer Price High Price Low Price Open Price
55.05p 55.20p 57.60p 53.80p 57.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 2,176.90 -85.50 -6.83 569.3

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Date Time Title Posts
15/6/201918:24JUST retirement new thread1,012
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 56.85p.
Just Group Plc has a 4 week average price of 42.90p and a 12 week average price of 42.90p.
The 1 year high share price is 144.30p while the 1 year low share price is currently 42.90p.
There are currently 1,035,081,664 shares in issue and the average daily traded volume is 4,995,246 shares. The market capitalisation of Just Group Plc is £569,294,915.20.
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."
horndean eagle: Long and very wrong so far. Its pretty clear management have misled investors. Why else would they be selling irrespective of price. They have zero credibility hence share price trading at less than 40% of book. Whether you believe that book value is up for debate after recent events.
cantrememberthis2: He shall reply in due course. As for share price, manipulation :) Keep the ship steady lads... the lower it goes the more ill add.
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?
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
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://
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.
Just share price data is direct from the London Stock Exchange
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