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Im trying to work that out as well...any help appreciated.....
Anyone got any thoughts on whether this tender offer is good or bad news? They appear to be trying to shore up their capital position.
In other sector news Rothesay shareholders have gone from 3 to 2 major players each with 49%.
MassMut and Singapore GIC have bought Blackstone out.
Values Rothesay at 5.75bn Approx 10% of Assets.
I am also in it for long term, too cheap. Should be 90p come 2021!
On the back of Share magazine great ideas. Trading at about 25% of true value and with dividend expecting to be reinstated next year, mind you with pe of about 2 I would prefer the Bod to use the money on a share buy back. Anyway my last couple of buys have been Syme, Syn and Gpss so maybe firework time. In here for the long haul so GLH.
Bought in here, I agree with them, undervalued
Someone has faith
Also have a look at RPS
Not a small amount and at higher prices also
Weak holders are being filtered out. Great opportunity to buy a profitable and value generating company, this will rerate suddenly IMO!
Lot of profit taking and due to no dividend till possibly next year, I still think 70p is achievable in mid term
Let’s get back to 80p first...
A lot has happened since these were worth 150p. They have needed a lot of new capital and the shares have been diluted.
There is a valuable business here. It will take a lot longer To realise the value or we may have to settle for a takeover in the 100-120 range. What is clear is that the regulatory environment is more stable and the company is back on an even keel...generating capital which will allow it to grow again. The future is a lot brighter.
Just Group up 12% already. Just is forecasting 'significantly higher' sales in the second half of the year after reporting that first-half profit more than doubled driven by investment and economic profits owing to the fall in interest rates. For the six months ended 30 June 2020, pre-tax profit rose to £305m from £125m. Within 6 months it will be back over 100p and within 12 months this will be back to its 150p range. Dyor. Good luck, Brighty
Great RNS today. This was over 150p a couple of years ago. Once dividends are restored and with their renewed focus on shareholder value this will be back to the 150p range. The numbers in the RNS look really encouraging for a re-rate. Good luck, Brighty
Just Group's new Chairman looks a good appointment: "John is Chair of BMS Group, the private equity backed global insurance broking group, and until 2017, was chair of publicly quoted Novae Group plc. He has over 35 years' experience in the insurance and reinsurance sectors".
Hope to see us back in the 100p+ range soon. Good luck, Brighty
Swazers
Also look at GFRD this will bounce just have to wait and see the bottom
I would swing trade this to around 65/70P for a short move. It appears to be finding support at its current levels. Just waiting for some confirmation. I see it going back to around 96P in the medium. The overall trend is down so trade with caution. Just PLC love to pull back. twitter @SwazersC https://www.tradingview.com/x/uaNz1JrI/
Just had a few bob in JUST GROUP.........a bit morbid but with older people suffering more than younger people they are going to need funds in one way or another and the government on evidence seems to have just forgotten them.......well until all the pressure from others at the start of this week. Think about going forward and carehomes are putting up fees hugely.
Just Group describe themselves as per below.
The Group is an established provider of retirement income products and services to individual and corporate clients. We positively disrupt markets where we can become a leader, deliver great outcomes for customers and high-quality returns for shareholders.
https://www.justgroupplc.co.uk/about-us/our-business/what-we-do
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^JUST&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Yippee.....a company meeting its plans and positive capital generation is a good step.
Well on its way to organic positive capital generations as set out earlier.
Unfortunately the markets are tanking...just needs calmer waters....
FY results due on 12 March.
Looking for indications that NB is picking up and more clarity on the capital generation plan.
Seems unlikely there will be a business update ahead of the results (probably a good thing).
SP still sensitive to interest rates, Boris bounce helping the sp
H, suspect you are right....Just will be in the FT350 from Monday and there has been a lot of buying in the last couple of days. Undoubtedly there will be buying from the funds covering this part of the London market.
just it dependent on UK economic performance and house price growth to come back to health. This is a recovery /special situations stock, but one operating in a market that is growing with good prospects, hence there is an excellent chance of a strong recovery if management sticks to its plan and there are no capital surprises from the PRA.
Is the rally in SP because Just Group will be listed in SP250 as against the Small Cap Index from Jan 2020. On this basis major brokers need to buy the stock??
A pleasing bounce today....but that will be taken by some as an exit point slowing the upside.
SP progress likely to be in a series of jumps and consolidations.
Still value to be had here.
Fridays bounce was unexpected but welcome all the same. Just Group are really a long term hold given their Capital position will not be improved until 2022. Only risk is the Regulator could again move the 'goalposts' on Cap Req. Don't think this is likely.but the other risk UK economy post Brexit. If we see significant falks in property values this impacts on JG Capital headroom.
All theory of course but holding these shares for awhile be nice to sustained upside
Hard to see RBC 160p 'top pick' guidance given others go down to 60p. I'd be happy for 60p at the moment but my guess is all the high end guidance numbers are based on NAV and the 2022 free cash flow guidance that Just reiterated on the last statement. Long way off 2022 but figure long term bet may give rewards.
All theory of course but be.nice to see more postive RNS sooner rather than later. A 'take out' at the present SP is a no no for me unless we get above 60p before any offer