Xps Pensions Share Discussion Threads

[johnrxx99] 11/6/2024 08:02

Well spotted M9999. Good to see they are backing up DB

[melody9999] 11/6/2024 07:53

RBC RAISES XPS PENSIONS GROUP PRICE TARGET TO 315 (270) PENCE - 'OUTPERFORM'

[johnrxx99] 30/5/2024 06:45

Some more good news, moving up to the FTSE 250 on the next update. Trackers will have to buy.

[johnrxx99] 08/5/2024 08:04

Deutsche Bank starts XPS Pensions group with 'buy' - price target 310 pence

[johnrxx99] 03/5/2024 09:35

Just as I was thinking of topping up, it jumped 6%, bloody ridiculous

[johnrxx99] 28/4/2024 05:12

Several stocks act that way, FOUR for example. It's seems to be market makes playing with spreads as well as trades.

[melody9999] 27/4/2024 22:06

yep - share price moves in some funny ways. can be affected by individual sales early on.

[hawaly] 26/4/2024 16:21

This was down >5% at the open .... 🤔😉

[johnrxx99] 21/4/2024 05:19

Yes, it may not rise rapidly but to my mind a solid investment case for the moment. Companies will always want to offer key staff a credible pension but without the management hassle.

[melody9999] 18/4/2024 16:22

Just added a few more at 243p. Good chart support around 240 on the chart...

From last TU, Canaccord increased TP to 298p from 280p. "We forecast 11% and 7% revenue growth in FY25E and FY26E, respectively. Given strong management of the cost base, we expect incremental revenues to drop through to profitability, resulting in 5-6% upgrades to our adj.dil EPS forecasts"

And this is on top of earlier upgrades. happy days.

[johnrxx99] 11/4/2024 07:08

Excellent trading update.

"High levels of demand for our services from continued regulatory change, new clients, and the inflation-linkage of our contracts, combined with the resilience and predictability of our business model has driven the robust performance for the year. Growth drivers in the year include GMP equalisation, rectification projects following the McCloud judgement, and the impact of new business wins in the Risk Transfer market. We expect work in each of these areas to provide a strong underpin for growth in FY25. We will also have some new client wins coming on stream in FY25, including most notably our appointment to provide pensions administration to the John Lewis Partnership pension scheme. There are further regulatory tailwinds to come with the introduction of the new General Code of Practice (effective end of March 2024) and the new Funding Code of Practice (likely effective September 2024) both of which will impact all our defined benefit clients driving demand for our services.

Costs have been managed well and the Board expects operational gearing to have improved, and thus is confident of achieving full year results ahead of its own previously upgraded expectations.

[johnrxx99] 10/4/2024 15:35

Blackrock have increased to over 5%.

[johnrxx99] 23/3/2024 03:02

Institutional holdings remain strong and another attempt at a breakout from it's repaet record high. Continuing talk of allowing Pension Funds to invest in riskier asset should help.

[johnrxx99] 15/3/2024 07:50

I picked it up on the GAMA news thread I was looking at. I quite fancy it now, having been stung two years ago.

[robsy2] 15/3/2024 06:49

Indeed!
Thanks for sharing, sums up the attractions of XPS nicely. XPS has plenty of scope to make more takeovers as well.

[johnrxx99] 15/3/2024 05:43

From Abrbn Smaller Co annual report on 27 Feb 2024 regarding new holdings to the fund:-

XPS Pensions is one of the largest pensions consultancy and advisory businesses in the UK. The nature of its services means its business is highly recurring and should be non-cyclical. Whilst the company has demonstrated its ability to grow organically in a lacklustre market, regulatory changes and pension market volatility have caused an acceleration in activity and demand from clients. XPS has been taking market share and the supportive end markets give it additional support to grow revenues, but also to gain new customers. There is potential for margin expansion from a combination of a more attractive mix shift in services, control of lower profitability accounts, implementation of IT administration systems and wage inflation under control; all providing the business potential for operational leverage.

Better late than never :-)

[johnrxx99] 08/3/2024 09:00

Just what's happening in the pensions market:

Record profits for Just Group

Pensions business Just Group reported record profits as higher interest rates had a “positive effect” on its main business arms.

The business made a £172 million profit, after a £494 million loss the year before.

CEO David Richardson said: “We are delighted with our financial performance in 2023, a record year for the Group, and are confident of exceeding our medium term profit growth pledge. As such, we now expect to achieve our target of doubling profits in three years instead of the originally intended five.

“Given the multiple opportunities available and strong structural growth drivers in our chosen markets, we have never been more confident in our ability to deliver sustainable and compounding growth.”

[johnrxx99] 20/2/2024 07:30

Well if the forecasts are anything to go by should be a very nice breeze indeed. Consensus eps growth for 2024/26 is 60.6%; 15.8% and 12%. That's 100% over 3 years by my calculation.

Include the dividend and I'm looking at a bagger at leasy. DYOR of course.

[tightfist] 20/2/2024 07:22

FT Corporate Bond article quote this morning: “Overall given the stepped change in funding position for many . . . 2024 has the potential to be the busiest year ever in the (pension) de-risking markets,” said Jenny Neale, director in the WTW’s pensions transactions team, in a recent note”. Tailwind anyone?

[johnrxx99] 19/2/2024 16:06

Well that will do me for today.

[johndoe23] 16/2/2024 12:06

Some bit sells going through. Tempted to take a maiden position but appears to be a large seller at play

[johndoe23] 16/2/2024 09:05

I would say to my untrained eye, could be an inverse h&s

[johnrxx99] 16/2/2024 08:37

Oh well, can but hope!