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The q1 70c divi just got dripped. $633 in total, up 19.4% on this time last year (12.9% the increase in the divi from last year's 62c/q, the rest from the extra 49.4 divis dripped over the year). After the 15% NRA tax, left me $538 which got only an extra 8.14 shares at $66.16. Perhaps take the cash in future? Unless we follow previous years and have a crash over the next quarter?
After the recent rises, overtaken Merck and Caterpillar to become my 3rd largest US holding (behind JP Morgan Growth Advantage and BRK/B).
Only three months after breaking $50 for the first time, and xd for 70c today on top. Still paying 4.75% in divis even at today's price.
I'm still holding, but I might sell the 12 or so % of my holding made up of drip purchases over the last 2.5 years. Might, but probably won't, as can easily see this hitting $75 this year, and the divi being increased to $3 or more next year (still heavily covered, especially after the buybacks).
Nice to have patience so well rewarded.
Pleased to see JXN's increased appreciation, witnessed in the SP trajectory, and for all here, who have held fast. Nice to see the divvy increase, the trajectory of which will be slowly but surely upwards for holders. Don't think it will ever reflect what it could, as the US generally prefer buybacks (different tax treatment).
Notwithstanding such, a few of us have been here since day one, took deep breaths when dropping through $30, and will even with small dividend increases, soon be reaping a 10%+ yielder. Never a shabby place to be.
It touched $60 last week….could not hold it but could still go higher.
And hitting $55 now.
The profit numbers are crazy…..if the yanks ever adopt IFRS17 the volatility would go away and it would look more like it is making the adjusted profit.
The RBC valuations make 400% approximate to a normal 180% SCR under Solvency II.
They have plenty of surplus capital and can afford to continue to pay the dividend and make buy backs…..it seems they may buy back another 6m shares this year…..boosting EPS for us and management. $60 later this year I think.
Odd, was gapping down over 2% in pre-market trading at 7.30am in New York this morning, but currently (2pm ET) just over a buck (and just over 2%) up at $51.43. Very nice.
Looking forward to my 70c next month.
13% increase in divi to us2.80pa is what I wanted. A 2.6% drop in the share price tomorrow is not, but the former is permanent and the latter, I hope, temporary.
Total profit for the full year is us934 or us10.76 per share, massively down on 2022. Wish I could get my head round the yo-yo numbers. In the meantime, I'll carry on reinvesting the divi and trusting that the massive cash cushion will protect against dropping back down into the us30s again.
Results are in…..a large loss in Q4 resulting from mark to market…..but dividend up to 70c as predicted by others here. Capital position more than 600%. Increased target for shareholder returns of 550-650m up from a 2023 value of 464m.
Sounds like management are pretty bullish about the cash generation from the business.
Dividend declared at $0.70
$1.6 Billion fourth quarter hedging loss, adjusted earnings $2.53 per share, consensus was $3.46
Hold on to your hats !
I couldn't agree more about the future potential. Fewer shares outstanding is a game-changer, saving $15m on divs and boosting EPS significantly. A 70c quarterly divi next year seems like a reasonable hope, and even with fewer shares, that's still an extra $10m coming in https://promocodius.co.uk/. Sounds like smooth sailing ahead!
At $50.90 per share my 62c divi of yesterday (-15% NRA tax) bought me another 9.3 shares. Making an extra 50.5 in total this calendar year. My overall average price since Feb 2021 has been $32, making a total gain of slightly over 50%. Not bad, but effectively all that gain has been since this June, when the price was as low as $30.
Like others here, I think there may well be more to come. With ~6m fewer shares in issue than a year ago, that's a saving of $15m pa in divis alone, and a significant increase in eps. So I'm hopeful that the divi for next year will rise to around 70c per quarter - which would still come in at only about $10m extra given the reduction in total number of shares.
Finally, I agree that the value of the business has not changed as much as the share price would suggest. However, I think the buyback program is helping to correct this imbalance and I think the share price will continue to rise as the buybacks continue.
Jatw; agree all that. It was floated cheap so there was always upside even if the business stood static. The yanks love their buybacks, do could see that going on for ever here.
See we've crossed the $50 threshold. Where to know? I'm holding tight. There is definitely more to come.
In the US market, JXN is seen as a low market cap and would be a bite sized acquisition……yet in the UK it would be knocking on the door of the FTSE100.
If it goes back to $40 I will buy some more…..otherwise just holding.
It really does seem that Pru was screwed by the US regulators when they could not extract the $1bn they expected to in capital…..and which is now being drip fed back to US shareholders.
There are now about 80m shares in issue. On the float it was near 100m.
The value of the business has not changed as much as the share price would suggest….but we do own quite a bit more of it than we did.
There must be a practical limit to buy back activity….unless it becomes an easy trade…buy in the market sell to the BB programme at a nearly guaranteed premium,
And on the dividend policy….I would only expect them to raise the dividend annually, so the declaration in Feb/Mar is the one to watch.
They can afford 70c easily, but the US seems to prefer buybacks over increasing dividends.
I do see a (token) rise to say 65c, and have long felt, that medium to long term, this will become a 10% yielder. Yes hairy seeing it go to $30ish, but I've always held, just believing that this is so so undervalued. Wouldn't surprise me to see it head that way again - just as it wouldn't surprise me to see this go to $70 - both within a year!
Good luck to all on the JXN rollercoaster!
Getting really close to $50, at last. I always "knew" it was going to happen, but one does tend to lose confidence when it's hovering around $30, as it was as recently as June.
I'm due about $470 in divis to be "dripped" on 14 Dec - probably not even 10 shares this time, down from 15 in June.
70c quarterly divi come March?
There is always a trading opportunity on the financials…..trouble is timing and the guessing and we have seen it move quickly in both directions….this is still at a low earnings multiple and if China/US relations improve that will float the boat for many financials.
Good rise today, yes amidst a rising tide that lifted all ships....
The question here for us seasoned holders is, as it rises to 50 as it will, do we sell, with experience it will drop to 35 again?
Nice results. This for me is a rare share in that simultaneously it offers value, growth and yield. One just had to ignore the SP gyrations....
Yes dividend held, but long term I see the dividend inching up incrementally.
Mr Market says he likes it a lot….
+14% at $44.5
Just had a quick scan of the results. Adjusted EPS $3.80 and Yahoo predicting $3.53 so beat that. Dividend held at $0.62.
Q3 results were better than expected.
This company is generating significant capital….with a $3bn mcap and a return of about $500m and annualised AOP around $1.4bn it trades on 3x earnings and is returning 15% pa to shareholders……
Amazingly cheap at $40
An extra 11.7 shares at $39.89 for this quarter's divis. From 15.2 @ $30.12 3 months ago. Now 95 extra divis (12%) in divis reinvested over 2.5 years, and total gain of 15.13% since spun out of the Pru.
Not bad, but still hoping for $50.
At last. Assume this is a result of Jackson joining the S&P smallcap 600?
Https://seekingalpha.com/article/4611939-buy-jackson-financial-while-the-valuation-is-low