Just Retirement Share Discussion Threads

[knigel] 20/3/2014 08:32

Well at least 178p is higher than the current share price!

[dasv] 20/3/2014 08:26

Deutsche Bank downgrades to hold with a 178p target.

PA. also downgraded to hold by DB

[edwardt] 19/3/2014 21:08

The new rules mean that people with less than 30k in pensions can cash in and get return of fund. They will pay tax at their marginal rate less their tax free lump allowance. My question here is what percentage of their book does this constitute.
If it is a large portion then, the market reaction may be justified. However if a large portion is impaired life and is ifa directed, then buying now may make sense. I think with respect to market participants they do not understand the nuances here. Anyone provide any colour on this? I know average pension annuity purchases are circa 30k, hence it could be serious. My guess is these guys as impaired life specialists is that this is a potential overreaction but welcome more informed views before I squander my pension on buying this one!

[dr biotech] 19/3/2014 16:41

You would think that people would still need advice with what to do with the money come retirement day. I was always under the impression that annuities were there to help the govt sell gilts. If you don't need so many annuities then it may be harder to shift them.

FWIW I opened a small SB just before the close. Watch the share price plummet tomorrow morning just below my stop loss before recovering.

[knigel] 19/3/2014 16:30

I think it's the shock of the news and a massive sell off across the sector - s/b a partial recovery at least?
From RNS "Annuitisation has not been mandatory for several years, yet 90% of consumers continue to choose wisely to secure a guaranteed income for life by annuitising. The proposed reforms suggest more choice for all retirees, ensuring better value for money for those who continue to annuitise"

[crichtoa] 19/3/2014 15:38

Does it make that much of a massive difference. People always had the option, he's just made it easier ??

[knigel] 19/3/2014 15:30

RNS out - obviously painting a positive picture... perhaps there should have been a comment on the -35% share price drop!

[akmaclachlan] 19/3/2014 15:29

The government has been flagging annuity reform for ages. The halfing of guaranteed annual income to £12k is perhaps more of a surprise, which will increase the number of pension pots which might benefit.

[euclid5] 19/3/2014 15:09

hxxp://www.moneymarketing.co.uk/news-and-analysis/pensions/budget-2014-george-osborne-drops-bombshell-on-pensions-flexibility/2008135.article

The Government has announced a radical overhaul of pension rules which will mean that from April 2015 anyone over the age of 55 will be able to take their entire pension pot as cash.

And in a potentially monumental blow to annuity providers, from April next year anyone who is aged 55 or over will be able to take their entire pension fund as cash – although only the first 25 per cent will be tax-free. The remaining 75 per cent of the fund would be taxed at the saver's marginal rate.

Osborne said: "I am announcing today that we will legislate to remove all remaining tax restrictions on how pensioners have access to their pension pots.

"Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want.

"No caps. No drawdown limits. Let me be clear. No one will have to buy an annuity."

[pyemckay] 19/3/2014 14:33

budget. no need to purchase annuities

[parvez] 19/3/2014 14:33

anyone know why the sudden drop?

[pugg1ey] 19/3/2014 14:15

hope it was still on your watchlist!

[rathlindri] 06/3/2014 17:25

I note Espirito Santo increased their target price to 295p on Tuesday...will this be joining the ftse 250??

[pyemckay] 06/3/2014 17:08

i put on my watchlist at 245 but hesitated. typical. ftse 250 entry will keep this in focus.

[rathlindri] 06/3/2014 15:33

Cheers pyemckay, I've been watching since middle of Feb but haven't committed yet. He who hesitates is lost.....perhaps not too late??

[pyemckay] 06/3/2014 15:11

Hi rath, bought in today as a long term investment.

like the idea of providing specialist annuities. This could provide large growth in the future for JRG.

Pye

[rathlindri] 06/3/2014 14:50

earth calling....??

[rathlindri] 14/2/2014 14:36

Results on 28th Feb, does anyone have a view?

[exotic] 04/12/2013 15:34

Doesn't seem to be flagged under JRG yet....


RNS Number : 7054U

Royal Mail PLC

04 December 2013

4 December 2013

Royal Mail plc

Director Declaration

In accordance with Listing Rule 9.6.14 and consequent to the listing of Just Retirement Group Plc Arthur Leslie Owen, a non-executive director of Royal Mail plc who was a director of Just Retirement Holdings is now a non-executive director of Just Retirement Group plc.

[exotic] 04/12/2013 11:42

Today's chart looks like a heart monitor ...glad to see it's still alive!

[dasv] 04/12/2013 08:04

Following fund-raise, capitalisation ratio is amongst best in sector - provides a cushion against risk.

melody9999 - yes your calcs for yield are in the ballpark - I doubt this will yield as much as some because it's positioned for growth. 2014 could be a damp squib in terms of profit growth but only because the end of RDR and gender legislation forced the arm of retirees: they retired in advance of that legislation. But the secular story is there: the country's baby boomers are retiring en masse and they need to buy retirement income from somebody. Estimated 60% qualify for an enhanced annuity (one of a selection of lifestyle issues: diabetes, overweight, smoking etc.). Big growth in equity release - which has much higher profit margin.

[melody9999] 29/11/2013 00:22

from admission doc: 500M+ shares in issue.
example given suggest divi payment of £15M based on last years trading. IE 3p a share. At £2 per share, divi of 1.5%.

[salpara111] 22/11/2013 13:31

I'm guessing there are some pretty unhappy institutional investors here!
Not sure at what point they represent value but not going to do anything anytime soon.