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JR. Just Retire.

76.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Just Retire. LSE:JR. London Ordinary Share GB00B1GN8L66 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 76.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Just Retire. Share Discussion Threads

Showing 76 to 99 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/1/2008
11:28
Couldn't resist - bought @97p.
masurenguy
16/1/2008
11:06
Fourth largest gainer so far today with an 11.5% uplift !
masurenguy
16/1/2008
08:18
Looks like plenty of people agree its oversold - 10% up and auction.
Would have bought in if i had the spare cash

stegrego
16/1/2008
08:15
Some blue this morning amidst a sea of red !
masurenguy
15/1/2008
23:08
Was dated 14/1 as far as i know and the below RNS came on 8/1 - so i assume its based on the below view - however, without actually seeing the note i cant say for sure.
stegrego
15/1/2008
23:00
Cheers Stegrego - the PG projection of 17.6p for 08 represents a 9% increase over the achieved eps in 07. Do you know whether this is based upon the original 08 expectation or whether this reflects the subsequent 'below expectation' view ?

Share price seems now to be very oversold and more representative of the very negative sentiment toward financial stocks in particular rather than the specific fundamentals of the company. However in this very uncertain and volatile market there is no guarantee that it can't fall further still.

masurenguy
15/1/2008
22:05
Panmure on 14/1/08 give 17.6p 08 & 22.7p 09 which is an 08 p/e of 5 & 09 of 4

On the face of it seem very good value again.

Obviously expecting the worst here - seems oversold to me though now - would buy but no funds atm.

stegrego
15/1/2008
10:24
Despite the directors investing £157K, by acquiring 137,000 shares at 115p last week, this is still tanking. At todays price the current market cap of £280m is 33% below the market cap when they listed on AIM some 14 months ago.

Current valuation represents an historic PE of circa 14 on last years results. Does anyone know what their original profit forecast was for the current year ?When they state that they now expect this years profits will come in below their prior expectations what figure might we now be looking at for 2008 !

masurenguy
14/1/2008
10:29
Well, S.T. may say sell but the directors are buying; Who knows the business better: the directors or ST?
mangal
14/1/2008
10:21
This won't help sentiment !
From yesterdays Sunday Telegraph.

Just Retirement
Price 110p
Questor says Sell

Just Retirement became the latest victim of the credit crunch this week when the financial services group sounded a profits warning. The £400m company provides an average of around £40,000 to asset-rich, cash-poor pensioners, who fully own their homes. With concerns about the housing market looming, it's no surprise that the decision to unlock equity from property is being put back. Although the bare figures show equity release schemes jumped from £23.4m to £34.6m in the second quarter, the group stated that its markets are likely to see a decline in activity levels "as a result of continued credit market conditions".

Just Retirement also generates revenues from selling annuity products to retirees who are expected to die earlier due to lifestyle choices such as smoking or certain medical conditions like diabetes. This division is holding up a bit better, with second quarter annuity sales rising 12.9 per cent to a record level of £162m, leading to an 18 per cent rise in total sales.

Having hit an all-time low of 110p this week, Just Retirement shares are trading well below November 2006's float price of 148p and are worth just a fraction of their all-time high of 305p. Yielding 1 per cent, they are on a modest ratio of around six times forecast earnings. However, with fears of a housing market crash showing no signs of fading, the stock is likely to continue on unsteady ground. Sell.

masurenguy
20/12/2007
23:22
Approaching 50% from recent highs...

Out at the moment, but Jan numbers could see this rocket (or bomb!)

stegrego
08/11/2007
11:10
I don't think this is going to move much until the next quarter's results in Jan.
the dweller
25/9/2007
15:04
Ticking up nicely.
the dweller
20/9/2007
10:34
I noticed that.

Telegraph

Panmure Gordon published a buy rating on the shares and 310p price target, saying the fall has been in line with the rest of the life sector but the shares are at an "absurdly low" level "for a company with such huge growth potential that is clearly in the sweet spot of the UK life insurance sector".

FT Comment

• The shares added 45p to 222p as the results exceeded expectations. However, they have a long way to go to reach the 12-month high of more than 300p struck after flotation. On forecasts of pre-tax profits of about £75m this year, the prospective multiple is 11. Considering the growth prospects, the shares look undervalued. This small company's fate has become mistakenly entangled in the financial sector malaise. However, it is well run and conservative and has found a sweet spot in the market just as the baby boomer generation starts to reach the age of 50.

And a brief mention in the Times.

the dweller
19/9/2007
19:40
Today

Panmure Gordon - a buy and 310p target for Just Retirement

stegrego
19/9/2007
19:14
Really glad doubled my holding at 8am - a 20%+ jump has got them off to a good start.

Anyone who believes in 'Efficient Market Theory' should try buying small caps at 8am :)

stegrego
19/9/2007
16:10
Definitly oversold on no news.
We could easily be hitting the 2.70 mark by the end of Sept, and looking forward to some more new business figures to be released in Oct which should push this share higher.

I think the city analysts should start to realise that not all financial companies have problems with the credit crunch. JR seem to have a lot of income with the annuity side of their business, with no liquidity issues.

the dweller
19/9/2007
16:07
Today's vol. is the highest since the day this listed
abcd1234
19/9/2007
14:26
Most bailed out 6 months ago to lock in profits

However there may be a bit more interest returning now ;O)

...especially considering:



~~~~~~~~~~~~~~~~~~~~~~~~
"We've had a number of requests from companies overseas," he (the CEO)said. "But
there is so much potential in the UK were are sticking what we know at the
moment. We have no intention to start exporting what we are doing."


and.....:
He added that Just Retirement is in a position to take equity release market
share from embattled mortgage provider Northern Rock PLC.
"Northern Rock have been a leader in equity release, but if there are
problems, it might leave a gap to help us grow our share in the market," he
said.



and...........:
He added that Just Retirement has no exposure to the troubled credit markets
or liquidity problems.
"We have no expsoure to the credit market and no dependence on external
funding, securitisations and indeed hold high levels of liquidity ...
fortunately we made all the right decisions in the previous year," he said.


and.....:
It also declared a maiden dividend of 0.6 pence per share.
Fuller said in a statement that he expects "strong performance in the
current year, with ongoing sales growth and stable margins."

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

abcd1234
19/9/2007
12:07
Surprised there isn't much activity here:

Analysts at Deutsche Bank remarked that the results "should restore
confidence" in Just Retirement, noting that the share price had fallen 28 pct
since mid-June. It added that the shares "look exceptionally good value".

ayesha4
18/9/2007
18:05
Market seems to be pricing in disappointment - so hoping for the opposite...
stegrego
18/9/2007
13:13
Results tommrow any thoughts.
matthewa
08/8/2007
22:29
Anyone know why this share just keeps on dropping?....goes down when the market goes down....and goes down when the market goes up!!!!!!

Recent announcements seemed quite positive!!

johnsoho
02/8/2007
15:42
Seems to of broken through some support it had around 220/225

Low volume though so may correct itself tomorrow

Bought in again today too - chuffing typical :)

stegrego
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