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Am I missing something here? JLF have accepted a bid at less than the current share price. So where, if any are the gains for the shareholder? Isn't it like a placement where the share price will drop to the bid price ?
My guess is employees in acquired companies.
You are right significant growth
.....that no-one really visits this board despite the incredible growth speed.
Sound results today. Long term growth prospects. Good one for my bottom draw BUY
Independent financial services consultancy Jelf lifted full year revenue and offered a maiden dividend payment despite volatile and uncertain markets. Pre-tax profit rose to £3.9m for the year ended September 30th 2012 from £3.2m the year before. Revenue for the period increased to £73m from £72.1m the year before. Earnings per share increased 23% to 3.2p while net cash increased to £2.8m from net debt position of £3m the year before. Sales at its insurance business rose 3% to £46.1m as margins improve. "Bearing in mind the continuing soft insurance premium rating environment and intense competition at renewal, the 3% increase in Jelf Insurance Brokers revenue represents a good outcome and compares favourably with market growth in our core segments and with the performance of our key competitors," the group said in a statement. Organic sales in the healthcare division of the employee benefits business rose 4.4% to £11.9m. Chief Executive Alex Alway commented: "Strong trading during 2011/12 has enabled us to increase our income whilst the EBTIDAE profit margin has improved to 15% from 14% in 2011." Trading since the start of October has been in line with company expectations and it is confident of further progress in the financial year ahead. A maiden dividend payment of 1.3p per share has been announced to shareholders on the register by December 28th 2012.
Jelf, an independent financial services consultancy, said it had enjoyed a positive second half of the year and results were expected to be in line with market expectations. This was despite a challenging market environment with no signs of an upturn in the economy, the firm added. Jelf provides a range of insurance, financial services and employee benefit services to corporates and individuals. "We remain strongly cash generative and have positive cash resources net of debt," it said in a trading update. "During these uncertain economic times, we have continued to focus on further improving efficiency, growing margins and on organic growth.
2011 Pre Close to be issued on 19th October 2011 Jelf Group plc Trading update Jelf, an independent consultancy which provides a broad range of insurance, financial services and employee benefit services to corporate and individuals, will announce its preliminary results for the year ended 30 September on 13 December 2011. The Board is able to provide the following trading update: The Group has traded well in the second half of the year and results are expected to be in line with market expectations, despite the continued economic downturn. Net debt has considerably reduced and, although the Board remains cautious about the economic outlook, it is appraising a number of investments aimed at generating future economic growth.
http://www.investegate.co.uk/Article.aspx?id=201110190700144134Q
2 September 2011 | 17:40pm StockMarketWire.com - Grahame Stott, Non Executive Director, bought 50,000 shares in the company on the 2nd September 2011 at a price of 60.00p. The Director now holds 300,000 shares.
Operating profits leap at Jelf Date: Monday 06 Jun 2011 LONDON (ShareCast) - Independent financial consultancy, Jelf Group, has revealed a 49% jump in operating profits for the six months to 31 March 2011. The firm posted a profit of £1.5m due, it said, to “a continuing focus on cost control and operating efficiencies”. Group revenues were in line with forecasts at £35m, while before interest, tax, depreciation, amortisation and exceptionals increased by 2.0% on the previous year to £4.2m. Jelf also said profit before tax improved from a £1.2m loss in 2010 to a £0.8m profit in the first half of the current financial year. Non-executive chairman, Les Owen, said the firm was on track to deliver another good set of results in 2011 and was “well positioned to benefit from the economic recovery as it unfolds”. However, the company said its plans to go hunting for acquisitions had been slowed due to the lack of reasonably priced targets. Jelf said the market for advice on employee benefits continued to grow but its insurance and financial planning divisions were having a tougher time in the current economic environment. The revenues for its insurance business improved marginally, while revenues in financial planning fell 11% year-on-year.
40% increase in price and few trades..why?
can anyone tell me why the price has risen almost 40% recently
At their current price these shares appear to be attractive.considering they were once £2-70p. Does anyone agree
can anyone explain why these shares have fallen when the stock market has risen?
anyone know when these are announced?
3i invested as it allowed Jelf to grow in 2008 thru acquisitions
left message on ukc for you, interesting seeing as though the split appears to be right in the middle at 115, I may well underwrite your loss if you, pass over your gain???? best wishes Slash ;-)))