Just Retire. Share Discussion Threads

[masurenguy] 26/1/2009 15:24

The share price suggests that no takeover will materialize. If the company is takenover then one would assume that the price would not be less than 100p !

[alanrex] 26/1/2009 14:37

if you ask me, crazy. or the share price is reflecting the possibility of takeover

all imo dyor

[masurenguy] 26/1/2009 14:34

SP has now fallen back to the level it was at prior to the Nov 10th RNS announcing that the company was in play.

[masurenguy] 23/1/2009 18:15

The Nov 10th RNS stated that there had been 'expressions' of interest so that clearly indicates more than one possible bidder.

[johnv] 23/1/2009 15:32

Is there just one company interested in these or more?

[alanrex] 23/1/2009 10:14

my worry is that if there was news of the end of takeover talks, then the share falls significantly faller when i feel the share price is already significantly reflecting the lack of one.

all imo dyor

[masurenguy] 22/1/2009 12:23

Share price has drifted down almost 25%, from 70p to 53p, over the last 2 weeks. No news on any potential offer discussions is obviously the main reason.

[alanrex] 16/1/2009 18:49

i haventbalied out yet. in fact if the approach was withdrawn, id buy more post the fall. i dont want to buy pre a fall thouh and hence my concern. long term (maybe very long term!!) this a sound bet for me.

all imo dyor

[masurenguy] 16/1/2009 18:24

Oxburgh and Invesco have been accumulating for several months so they clearly believe that there is real potential for a deal to be consumated in due course. I wouldn't make any hasty judgements on this score and the last trading statement was also reasonably positive in this unprecedented trading environment.

[warranty] 16/1/2009 17:37

Not looking good, may be time to bale out of this??

[masurenguy] 16/1/2009 17:08

Closed down 5% at 55.25p after somebody sold 245K shares this afternoon !

[alanrex] 16/1/2009 14:35

share price is saying a lot..

all imo dyor

[masurenguy] 15/1/2009 16:33

Lot of Sells today - no news of any bids yet !

[johnv] 11/1/2009 01:33

Thinking about buying here. all the articles mention a buyout of around 102p but here we are at 63p. gives the impression that the market believes the takeout price will not be 102p but far lower.

[rocheberie] 08/1/2009 21:09

Alanrex

I believe it is an opportunity to top up, as I did today at 62.5 pence, the Q2 New Business Figures will also be on the 6th February, so maybe we will get some more information then.

[alanrex] 08/1/2009 20:27

the share price has drifted away from 70p... im tempted to review my holding....share price could be reflecting bad news, or just an opportunity to top up...

all imo dyor

[warranty] 05/1/2009 20:55

Nice tick up towards the end of play, could there be some news at last??

[warranty] 31/12/2008 09:15

Hope so Rocheberie it's all a bit quiet on here. Hopefully we may also hear some news re the prospective bids, though I suppose those in the know will tick the price up a little beforehand which may be a sign.

[rocheberie] 30/12/2008 22:37

Q2 New Business Figures were on 8th January last year, maybe we will get some sort of announcement in the next week or two

[masurenguy] 26/12/2008 15:30

If the above IC report is correct then it could be several months before anyone might be in a position to table any bid !

[rocheberie] 26/12/2008 13:07

Below is an article in the last Investor's Chronicle:-

"Potential bidders for Just Retirement, the UK listed specialist annuities and mortgage provider, are still being sifted to see which will sign non-disclosures-agreements, it is understood.

Meanwhile Rule 8.3 disclosures reveal that investment manager Invesco has been quietly adding to it's position. It now holds 9.93%, nearly a blocking stake if a bidder wishes to reach the 90% squeeze-out level.

Just Retirement has been in play since announcing on 10th November that it received expressions of interest. Deutsche Bank is reportedly arranging the sale.

Due diligence can only begin once non-disclosure-agreements have been signed, but the process was described as early stage, with no indication on timing. Several companies reportedly showing interest are said to include Generalli, Legal & General, HSBC, CVC and Cinven, which bought JR.'s closest competitor, Partnership Assuarnce in June.

JR. and Deutsche Bank declined to comment. Invesco declined to comment on its plans for its stake. The investment manager has used its holdings to influence takeovers in the past; earlier this year, it reportedly used its 19% stake in British Energy to help persuade EDF to sweeten the terms of its offer. Before that, Invesco provided an irrevocable undertaking to support Sanofi Pasteur's acquisition of Acambis.

Just Retirement has a market cap of £207 million. Its share price is less than half the June 2006 IPO price of 148p."

[alanrex] 23/12/2008 22:03

indeed, would be nice to have some positive news!!

[masurenguy] 22/12/2008 08:19

It's 6 weeks since JR announced that they had received 'expressions of interest' in the company. No further company information since then although Oxburgh and Invesco have both been increasing their shareholding ever since. I wonder how much longer it will be before we get an update from the company !

[masurenguy] 15/12/2008 13:13

The share price remains highly volatile - almost a 10% rise on a 31,000 volume !

[alanrex] 09/12/2008 10:18

are lazard short these shares? didnt quite undertsand the alignment of the RNS?