Just Retirement Share Discussion Threads

[scrapheap] 26/9/2015 10:13

I'll be taking up my entitlement next week - funny how the market price 'anticipated' the launch in the run up to yesterday....

[18bt] 25/9/2015 07:22

Significant development in the merger with PA is that the £150m fund raising has been announced which removes the overhang. Original announcement was messy and contributed to weakness, but glad that this has been sorted out in advance of the merger.

[scrapheap] 17/9/2015 07:41

Pretty bullish statement from Rodders in these results...

[k3ndo] 21/8/2015 12:24

It looks like a purchase of over 4 million shares has had a detrimental affect on the share price. I don't understand why !!

[scrapheap] 12/8/2015 16:34

What genius decided to flag the substantial capital raising to follow post merger as part of the actual merger announcements?

You have institutional shareholders facing a consolidation if they hold both stocks likely to think they need to cut their exposure AND/OR they know some form of dilution is coming too and at a placing discount.

So I'm expecting some of these institutional holdings RNS to start showing some sales ahead of 2 becoming 1.

Talk about creating headwinds.

[scrapheap] 05/8/2015 14:56

allo allo allo

[k3ndo] 05/8/2015 14:49

Wow. What a great day. I wonder what's going on.

[scrapheap] 29/7/2015 21:53

Broker says Partnership and JRG 'materially undervalued' on annuities data

(ShareCast News) - Data released by the insurance industry showing the impact of new UK pension freedoms has good implications for Partnership Assurance and Just Retirement, said Panmure Gordon.
The broker's 'buy' recommendation was reiterated on both companies, in the stated belief that the shares are "materially undervalued".

The Association of British Insurers (ABI) released some statistics from the first 100 days since the UK pension reforms came into play.

Some 11,300 annuity retirement plans were sold, worth £630m compared to £1.2bn in the same period in 2012, while sales of income drawdown products have increased to £720m from £100m in the equivalent period.



The average annuity was purchased with a pot of £55,750, which Panmure said was in line with its view that those with £50,000 to £300,000 pension pots will look to acquire incomes for life - that is, annuities - rather than cashing in and facing tax implications or entering a drawdown.

As expected there have been those with small pots cashing in with around 65,000 withdrawals of an average £15,500, accounting for £1bn of the total of £1.8bn withdrawn in the period.

The 50% fall in annuity sales, said analyst Barrie Cornes, "is considerably better than many of the doom-mongers had predicted and in our view bodes very well for the likes of Partnership Assurance and Just Retirement" as the pair are likely to additionally benefit from what in effect will be a significant hike in the number of people taking the open market option (OMO) which allows them to shop around for the best rate.

The two companies also have value attractions, Cornes added, pointing out that the both shares are trading at significant discounts to their respective embedded values.

"In our view the figures reinforce our view that the individual annuity market is not dead which might come as a surprise to those who predicted its demise following the Budget changes announced in March 2014."

According to his estimates, Partnership shares were trading at a 5% discount to Panmure's 2015 forecast embedded value while Just Retirement was trading at a massive 18% discount to EV forecast at 30 June 2015, increasing to 25% at 30 June 2016.

[k3ndo] 19/6/2015 18:54

Following price monitoring extensions, the closing price looks very welcome. Is this a sign of things to come I wonder.

[poppabear4u] 19/6/2015 18:46

Large buy late on. Someone's confident.

[scrapheap] 12/5/2015 07:40

Hmm.... not sure. At least comparables will start looking better from now on for new quarters!

[poppabear4u] 09/5/2015 14:49

Q3 interim management statements due out Tuesday.

[scrapheap] 30/4/2015 12:52

Annuity sales up 11% despite falling rates

[scrapheap] 24/4/2015 09:14

RBC Capital Markets initiated coverage as 'sector performer' with a price target of 180p whilst Panmures reiterated 'buy' with target of 225p retained.

Doubt those are the reason for today's spike tho, has it been tipped somewhere?

[scrapheap] 20/4/2015 11:07

I've moved to a hold from a buy on this personally until we know more of trading in the new world and the election is done with!

In the meantime

GBST to power Just Retirement platform

[scrapheap] 13/4/2015 20:05

Just Retirement launches simplified advice service

[scrapheap] 10/4/2015 16:27

FSCS now 100pct protection up from 90 pct for annuities

[18bt] 10/4/2015 10:13

This worth a read:

[rathlindri] 09/4/2015 14:51

nice recovery

[scrapheap] 03/4/2015 13:48

Report from the coal face...

Working today and one task is a client buying a lifetime annuity and an application form being completed to do so.

Considered the new flexibilities but for her, an income for life 'underpin' is what she wants after discussion of certainty vs inflexibility vs investment risk vs inflation risk etc etc.

Other pot may be used for a fixed term annuity later in the year.

Annuities dead? I think not.

Word is the enhanced annuity firms are receiving a lot of Common Quotation forms requests from we advisers now - migh be due diligence to ensure all bases covered but could be quite a few will be bought too once safely in to the new world.

[scrapheap] 27/3/2015 08:31

Last month Deutsche raised the price target to 185p (from 170p)now raised it to 193p

[scrapheap] 12/3/2015 09:29

As I said, wrong response to news has been quickly turned around. if anything it's an opportunity for these specialist firms...

"Partnership chief executive Steve Groves says his firm would be interested in buying annuities if the regulatory treatment was favourable."