Partnership Share Discussion Threads

[scrapheap] 16/5/2014 09:25

and still no director buys to show some confidence...

[alyo] 16/5/2014 09:14

120p as i predicted. PA is at an all time low now. Just retirement is some 15-20% off all time low.

[scrapheap] 16/5/2014 08:35

I think that BarCap has lowered its price target to 117p.



I prefer the other broker forecasts!!

[alyo] 16/5/2014 08:31

Back to 120p.as predicted.

[melody9999] 15/5/2014 23:52

You might be right Salpara, but I think it was a general small cap sell off this afternoon in response to the same in the US. Note how PA. started to fall after the opening bell in NY and see other stocks who behaved similarly. Not to say that PA might suffer if it does exit the 250, but I would expect it to be less affected because it has fallen so far already.

[salpara111] 15/5/2014 20:16

You are all missing the bigger picture
PA. will be relegated from the FTSE 250 in June so funds are starting to offload now in anticipation

[alyo] 15/5/2014 08:28

Back down now. Too predictable sorry

[scrapheap] 15/5/2014 07:22

Partnership eyes US move following annuity shake-up

[topvest] 14/5/2014 08:16

Yes, not too bad in the circumstances. There is a future here for new business. Of course, there is still the £4bn in-force book as well!

[scrapheap] 14/5/2014 08:09

It's good that Pa. are seemingly being more 'bullish' on the budget changes rather than setting a negative tone - yes the Budget was a shock BUT it is positive in many ways for enhanced annuity providers.

1. Far more people at retirement will guided/advised than now meaning more OMO which is something JRG and PA have been pushing for years as that means they more often win on annuity rates, not the incumbent big-beast insurer with the original pension pot.

2. Yes the cake will be smaller but these 2 should get more of it.

3. People who stay in drawdown may well still annuitise when older, say in 70s when the critical yields for annuity vs drawdown move in the former's favour.

4. Rising interest rates/gilts will see better annuity rates generally.

5. These 2 are light on their feet and can adapt quickly to innovate as both have shown with their new product post budget.

6. A big beast insurer may need to swallow one or other of these up to protect themselves in terms of taking a chunk of the remaining 'cake' and open door to care annuities, equity release expertise and/or cost synergies?

[scrapheap] 14/5/2014 08:02

Oversold = both these 2 imho. No job cuts either at PA is interesting compared to MGM and JRG.

This heading is encouraging reporting too...

Partnership bullish on Budget despite 50% annuity hit

Specialist retirement provider Partnership has played down the impact of the Budget on its business despite seeing a 50% fall in the demand for individual annuity following the announcement of a pensions shake-up.

[alyo] 14/5/2014 07:58

I agree mate. Up 7-8% then slammed down to 120p IMO. Great results mean nothing these days

[hawkhybrid] 14/5/2014 07:54

I'm going to guess this will get a similar
market reaction as the jrg update.

HH

[alyo] 14/5/2014 07:54

The results show Pa. And Jrg will have a monopoly in specialist annuities!

[alyo] 14/5/2014 07:50

V good Results! Why on earth did this go down 70%!?

[hjs] 14/5/2014 07:47

Not bad results. IMHO market had overreacted post budget changes and I hope it reacts in the opposite direction today and going forward.

[scrapheap] 14/5/2014 07:37

It would now be nice to see some directors buying a few PA. shares wouldn't it - like JRG did a while ago.

[scrapheap] 14/5/2014 07:35

Agreed - the proof that annuities are not dead and what this means for both co's profitability will require the next set of results - PA.s shown as being mid-August for their interims.

At least there's a now tasty dividend already on it's way here!

[actybod] 14/5/2014 07:21

These are not bad and not as bad as market feared. Steady annuity sales, more bulk annuity business and development of new products. My initial reaction is positive.

[scrapheap] 14/5/2014 07:12

Well I'm actually quite relieved - 50% fall too albeit in the metric of quote requests which I'm not sure is how JRG measured it.

[scrapheap] 13/5/2014 14:52

With JR seeing circa 50% fall, I actually think Partnership may see worse - I reckon maybe 70% at a total blind guess.

We shall see tomorrow however! Hope I'm wrong.

[scrapheap] 12/5/2014 12:50

I think they are better than the initial headlines for sure and indeed this could be more of a 'pause' until more business comes in post April 2014... won't be as much as pre-Budget hopes but far from the end for these 2 firms.
I feel JRG are better prepared than PA in range of businesses so view PA may be higher risk/reward of the 2 but we'll see on Weds.

Talking of PA, this has just arrived in my inbox today - sounds innovative?

Announcing the launch of the Partnership Enhanced Choice Annuity

It's the classic scenario. Do you enjoy a good thing now or wait to see if something better turns up?

Our NEW Enhanced Choice Annuity is an innovation in the retirement income market. The only annuity that guarantees a regular income for life, enhanced for medical or lifestyle conditions - but with the option to leave us if things don't work out.

And with no hard feelings.

If annuity rates go up, clients' circumstances change or a new product emerges, they can take their pension pot elsewhere.

But if the annuity proves to be right for them, or if rates fall, they keep the benefit of a guaranteed income, for life. With no fuss and no additional paperwork.

So, even if your clients are afraid of commitment, we can still help them benefit from the increased income underwritten annuities could offer to more than 1 in 2 people. Now.

[scrapheap] 12/5/2014 07:19

JRG numbers out and not a disaster by any means, now to wait for PA's on Wednesday!