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That's as maybe but I'm only here for the bid prospects.
Nd
Overhead supply from previous trading is likely to limit upward sp, movement, until price of 108. The preceding share price high, on the chart, was a flattish top, spanning 4 weeks, meaning most overhead supply from trading occurred within the price range of 103-108. There was also a bearish negative divergence between the chart price top pattern and the RSI(relative strength index), which forecast a sp, decline, represented, in the sp retracement , which followed. DYOR.
Press releases for £670m of DB transfer business have been made so far this year (source company press room).
Odd to add Just to an income portfolio given its low yield.
Even if the dividend is raised by 15% pa (inline with mgmt expectations for trading), then I would expect the yield to stay low as the SP will also rise.
FWIW I think this will be trading at 200p in 5 years and the divi yield will be 3-4%.
"Bearbull" investor of Investor's Chronicle has just added Just Group to its income portfolio. Referring to the recent full-year results, Bearbull believes these results show plenty of promise: a mix of favourable longevity assumption shifts, rising in-force profits, and a big step up in new business and sales.
Bearbull refers to company's market capitalisation, a 23% premium to shareholder equity, but adds this excludes the present value of £1.96bn in risk-adjusted future cash flows therefore the discount to tangible net asset value is 54 per cent whereas Barclays whose growth and returns look feeble by comparison, carry a discount of just 45 per cent.
This coupled with recent efforts by company's management to fill the valuation gap to other companies in this sector plus takeover speculation has led to Bearbull buying shares at 104p.
The market needs reassurance that the 2023 sales can be repeated and exceeded.
I expect them to add 20-30p to TNAV in 2024….and for the SP to be 120p at the 2024 results….if they can point to additional growth and value added, then 130p is possible.
Please watch the SP as it gets to the 110p mark (as Dormus suggested) . It might surprise you. Fundamentals are more important though.
Charts are a waste of time!
Yes 3 year high is just above 110 so a break through that level would be interesting
Does anyone have access to charts to see what they are suggesting about the SP in the short term? It does not seem to want to go above 107p. It is going ex-div next Thursday.
Another +ve upgrade…
Momentum is now on our side…for the moment
A bit slack reporting their holding.
DB updated several insurers today, but only reflecting recent market movements and keeping them at hold….so not really indicating any strong + or - conviction.
It will move the broker average up….which always helps but not really informative.
Stargate….that sounds like a positive thing….does your crystal ball have a forecast?
Today, sp, broke above fractal high of 101.4, of 8/3/24. Yesterday, was an outside day, indication volatility expansion. An outside day, is described as a price bar , where the high, is higher than the previous day high, and the low, is below the previous day low. Volume was more than 50%, higher than the previous day, providing additional power to the significance of the outside day. Not only that but the outside day volume was greater than the down bar which followed the fractal high.
Where did you go?
petroinvestor
Posts: 1,441
Price: 77.90
No Opinion
Time to take profits before someone takes it 19 Oct 2023 15:29
Just Group is exposed to interest rates, as its investment portfolio contains a significant amount of fixed-income securities. If interest rates rise, the value of Just Group's investment portfolio could decline.
At the risk of being contradicted by the market, the initial profit taking that caused a retreat below 100p seems to have been overcome and there seems to be more support to sustain the SP above 100.
As mentioned in earlier posts, I expect to see 20p added over the year, and I suspect this will be in steps with the HY and FY numbers. Of course a market movement could override this expectation but the annuity market seems to be set fair at the moment.
Expecting some broker upgrades this week before the analysts have to focus on Pru/ PHNX/MNG
The new highest high for more than 2.5 years, is past the potential limitation(2 years) of overhead supply from previous trading, selling. With little resistance, the sp, can be expected to trend , with the usual price retracements.
The volatility based Bollinger bands, are separating, indicating high volatility. DYOR.
Jatw. Spot on ...A bargain that will rise from here,as investors become aware of the value and cash generation ....
This was 100p in 2019 and 110p in 2021……just think of the progress that has been achieved since then……
They are adding 20-30p per annum for the next few years to the shareholder value and paying out 3p growing to 6p in 6 years….the additional value should mostly flow to the SP.
Add 25p for 4 years and this is £2/share…..it is now makes sense from an investors perspective so I expect we will see a rapid re-rating during 2024 and then steady growth for the next few years….
JUST, has broken above major down trend line, which is bullish. Symmetry difference between sp, high and low, provided price target of 95.5. Today the sp, found support at retrace to 95, so this is positive for more upside. Conservative sp, target is eventually 150. Supporting sector positive increase today. DYOR.
Perfect results, nothing concerning whatsoever. I'd prefer them to focus on growth rather than dividends, personally.
Excellent results and exceeded expectations. Move up incoming. Do your own research
One of the best UK businesses out there. Dare I say. Today is the day we cross £1b mcap and hopefully climb towards £1.5b.