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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pensionbee Group Plc | PBEE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 9.00 | 6.98% | 138.00 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 130.00 | 130.00 | 140.00 | 138.00 | 129.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 31/8/2023 10:07 by kemche "Investor interest in PBEE shares has continued to ramp up"Okaaaaaay! |
Posted at 31/8/2023 07:41 by edmonda "Profitability in sight with investor interest building"Interims to 30th June 2023 show invested customers reaching 211k, with 28k added over H1-23 (+15%) and 52k y-o-y (+33%). Assets Under Administration was up £678m over H1 (+22% over 6m, +38% y-o-y), reaching £3.7bn, with £469m added from net client inflows and £210m from investment performance. Encouragingly, increasing brand awareness and sophisticated data-driven marketing has resulted in ‘cumulative cost per invested customer’ continuing to decline (H1-22: £260; H1-23: £247). This has, in turn, resulted in strong growth continuing but with lower marketing spend (£12m spend in H1-22 v £7m in H1-23 whilst gross inflows were up 6%). Revenue grew 32% to £10.9m (H1-22: £8.3m) with adjusted EBITDA trajectory (H1-22: -£14.9m; H1-23: -£7.9m) continuing on track to be positive in FY24, a target set at the 2021 IPO. Operational leverage continues with invested customers per staff member increasing from 919 in H1-22 to 1,026 in H1-23. Net cash remains solid at £14m with no new cash raising envisaged. Investor interest in PBEE shares has continued to ramp up (see front page graph), and our fundamental valuation remains 150p per share. Link to research report: |
Posted at 20/3/2023 11:00 by melody9999 Had a quick listen to the presentation. Does not fill me with confidence these guys have a control over their costs.When the FD talks about brand awareness, marketing etc rather than costs and profitability, its a red flag. Cash reduced from £44M to £21M at 2022 y/e. That must be c £16M now. These guys are burning cash fast. Expect a dilutionary cash call before long. My interest in PBEE was provoked by my holding in XPS.... think I'll stay put. |
Posted at 16/3/2023 16:02 by kalai1 PensionBee Group plc posted FY22 results this morning. Revenue increased by 38% to £17.7m (2021: £12.8m), adjusted EBITDA loss was £(19.5)m up from £(16.4)m reflecting continued investment in growth, statutory Loss before Tax was £(22.4)m. Assets under Administration increased by 17% year on year to £3.0bn (2021: £2.6bn), driven predominantly by strong net flows from new and existing customers. The Invested Customer base increased by 56% year on year to 183,000 (2021: 117,000). So the business is growing solidly but is not yet delivering a profit, nor will it anytime soon. Share price is down around 40% from the generous IPO price in Q2 2021, but valuation still looks stretched with PS ratio over 14x and comfortably bottom decile for the sector. PBEE looks like a company with a lot of potential for the long run, but is still way too expensive. Monitor for now......from WealthOracle |
Posted at 16/3/2023 11:09 by edmonda Growth and delivery driving strong investor interest (new note from Equity Development)Research report & audio summary: In FY22 (to 31 Dec 22) PensionBee continued to rapidly grow, despite market falls, and gain market share (page 2) in the structurally growing £700bn target market of transferable DC pensions (page 12). Invested customers grew 56% to 183k, AUA 17% to £3.03bn (net inflows +£863m, market movements -£424m), and revenue 38% to £17.7m. Adjusted EBITDA started to ‘turn the corner’ towards profitability and is forecast to turn positive on a monthly basis by the end of 2023. The net cash position is robust at £21m with no new cash raising envisaged. We also flag the encouraging jump in investor interest in PBEE shares - especially after its Jan 23 trading update which showed the path to profitability was on track - with the recent price rise accompanied by strong volumes. On top of its fundamentals, PensionBee’s inclusion in the FTSE All-Share and FTSE SmallCap indices from 20 Mar 23 should be another positive for the share price. PensionBee’s customer acquisition growth path compared to incumbents indicates it is rapidly gaining market share. In H2 of 2022, it added 24k net new invested customers (H2-22 annualised growth rate of 30%): • This was more than double the total number of net new D2C platform clients (pension and other clients) added by AJ Bell (10k, which translated to an H2-22 annualised growth rate of 7%). • And it was only a little less than the total number of net new clients (pension and other clients) added by the UK’s largest D2C investment platform, Hargreaves Lansdown (HL), which added 31k (an H2-22 annualised growth rate of 4%), and much higher than HL’s new pension accounts (13k net new SIPP accounts and 16k ISA and other accounts). Our forecasts remain unchanged, as does our fundamental value of 150p per share. |
Posted at 21/7/2022 07:58 by edmonda #PBEE PensionBee has continued to grow its customer base in line with targets, with a 72% annual increase in invested customers1 to 159k on 30 Jun 22 from 92k on 30 Jun 21 (+36% over H1-22 from 117k on 31 Dec 21). It remains on track to meet our forecast of 200k by the end of FY22. Registered customers2 (a ‘top of sales funnel’ metric) grew 66% y-o-y from 538k on 30 Jun 21 to 897k (+36% over H1 from 658k on 31 Dec 21). The rate of customer growth is evidence that the post-IPO ramp-up in marketing spend is having the planned ‘scale-up&rsquWhile PensionBee has certainly met our growth forecasts in terms of customer numbers, market falls have pegged back AUA growth, and we have reduced our AUA, revenue and profit growth forecasts accordingly, and will refine these, and our longer-term forecasts with H1-22 results on 22 Sep 22. Our AUA forecast for end-FY22 reduces to £3.6bn (from previous forecast of £4.3bn but +39% over FY21); revenue forecast for FY22 reduces to £18.8m (from £21.1m but +47% over FY21, with PensionBee guiding for revenue to be in the range of £17-£20m); and our adjusted EBITDA forecast reduces to -£20.9m (from -£16.4m, with PensionBee still guiding positive adj. EBITDA by FY24). In turn, our fundamental value adjusts to 200p per share from 230p. |
Posted at 25/6/2021 10:06 by strollingmolby I saw a large PBEE advert at one of the Streatham rail stations as I went through recently. I wonder how effective these are generally, and also when fewer journeys are being made...? |
Posted at 27/5/2021 12:30 by wiganer My experience to date with PBEE has been mixed.One transfer went through very smoothly, the other has been slow and I had to chase them up a couple of times, though that is in part due to the old provider making things complicated. The account platform is very good. |
Posted at 29/4/2021 15:17 by dingdong62 rossannan i am customer and shareholder. i transferred my fire brigade pension over to PBee and it was dead easy. new to all this and buying shares also but I have been having some success with a few companies and I'm impressed with PBee.RTN did really well for me and gave me a 75% profit when I sold recently I have invested in STX, AFC Energy, Mustang Energy, XTR and all looking good |
Posted at 28/4/2021 11:44 by wiganer I’m going through the transfer process at the moment. PensionBee seem professional, unlike the providers I’m trying to transfer from, one in particular is just terrible in terms of service and facilitating the transfer. All goes to show why the sector needs disrupters like PBEE to shake things up. |
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