Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Incoming here....shorters in large today rise will fizzle out
Last broker rating on the had this at double the price it is now (shows how cheap these shares are)
13th October 2023 .....RBC cuts Just Group price target to 150 (170) pence - 'outperform'
Will it happen though? Either way, I'm happy to sit on these in my ISA too, collecting the (small) dividends along the way
Had this share for a while sitting in an ISA
Lets face it the bulk annuity isn't "sexy" but we could be in for interesting times
Hoping the next one's a little bigger, no reason why not.
JPM has today issued a raft of new price targets for insurers. It mostly moved its target in the direction of the SP……Just was an exception where it raised the target when they were already ahead…..the recent weakness in the SP has been disappointing but these recent raises in target prices point towards a potential for a change in sentiment……
Definitely. I've been building a position for weeks now.
There will be a SP rerate very soon to reflect this target price projection. IMHO
Barclays raises Just Group price target to 125 (120) pence - 'overweight'
Further to my previous message , I notice their is overhead supply, trading at higher price levels, at 80. If the sp, is successful in rallying, it might be prudent to tighten up your stop, when sp, gets to that level. Overhead supply can impede or even stop price rallying dependant on how long ago the supply was incurred. If a long time ago , overhead supply has less impact on current trading.
Sp, closed above price pivot high of 75.4, and sp, found support at price pivot low point of 10/7/23. This is encouraging enough to say that a large double bottom formation is in place . Simple price projection,would be to top of intervening high of 80+. The stop could be placed under price pivot low of 10/7/23.
It is painful reading the despairing posts here. I bought in sensing value but Richardson disposed of the value at knockdown prices; I got out at 90p+ for a small profit. Richardson has been in post since 2016 and can't turn this around because he hasn't found a steering wheel yet.
JUST has dropped 63% since the IPO in November 2013, AVIVA 34%, PHNX 27% but at least they pay a dividend. The destruction of JUST shareholder wealth is huge. I have come to the conclusion that the "Bulk Purchase Annuity" market in the UK is a mugs game. If you win the business it means you have offered more than the next fellow and almost certainly overpaid! You then have to be extra clever with your investments to make a profit. Extra clever is not a JUST management forte.
I count myself lucky to have got out unscathed - good luck to all current holders, but I fear you may need a takeover, which may not be at any premium price.
AceOfClubs
Stargate
Thank you for sharing your charting insight. Can you kindly shed some light on the SP projection in the coming days and weeks!
Tipped by Joanne Hart in the MoS. I always read her tips for a laugh !
Can’t believe Just price has gone down so much after those results. Recommendation in Daily Mail probably screwed this up!
Just to clarify the down trendline from 20/7/23, is not the current down trendline , that the sp, is within, at present. It is the preceding trend line .
Hourly chart shows a down trendline from 20/7/23, connecting with the current low price. Also the last four hourly bars moved away from the falling Bollinger band, in a sideways pattern. However, the daily Bollinger bands are separating, which usually implies a fast sp, movement. In the circumstance a tight stop, should be considered, if buying.
Janus Henderson Group PLC increases their stake to 5.04%
https://www.londonstockexchange.com/news-article/JUST/holding-s-in-company/16086602
Hi everythingmoney, I am a long term holder here and will continue to be. The current mcap and the amazing results announced is just the start. BOD have stated that they expect even better FY results given the pipeline. I expect a re-rate and/or a bid to come. I also dont see ANY downside given such low mcap and high profit making. GL with whatever you decide to do.
Dear everything…..there are many here who have been seeing Just as undervalued for a long time….the market is either disinterested, does not trust the numbers (because all insurance is complicated). It has a checkered history with the regulator deciding its business model was inappropriate in 2018. Life was also tough in a near zero interest rate environment.
A lot of hard work has been done by the company to reshape its business, lifetime mortgages are a falling part of its portfolio and it has rebuilt its capital position. The market it operates in has come back to life as annuities provide a higher income for the purchase price in this higher interest rate environment.
There will be significant growth in the pipeline as shown in its investor presentation (well worth a read).
Will the market change its view? Well its competitors have had flat share prices too and they pay 8/9% dividends…..Just has some way to go on that measure yielding about 2%…..so you may be disappointed….
Either buy and be prepared for a long wait…….or wait for an upward trend to be established…but miss out on the lower end of any gains.
I dont think you are going to lose money if you enter in the low 80s, but dont expect a quick profit.
15% growth would seem not high for many folk, especially if you are used to high growth stocks, but if you buy high growth stocks at too high a price you can still lose, but as this is a medium growth rate stock and if you buy it when the price is low, you can actually make more money than buying a high growth stock at the top. That is my plan. value correction in an undervalued company, own it until the PEG ratio matches up.
Sorry for all the questions, i was considering buying this for a trade, say 3 to 6 months, until the market caught up with its correct value. I normally own stocks growing at say 30--50%, high growers, but this stock seems such a fantastic value proposition.
I see it is mentioned in the daily Mail, this is money this morning, that usually causes a bounce in shares price, can I ask, why has it only went up 7% in last 12 months, the market bottom was in october 2022, stocks have soared since then, what went wrong?
www.thisismoney.co.uk/money/markets/article-12407879/Just-Group-profits-supercharged-defined-benefit-pension-derisking.html
Hi, this stock caught me eye this morning, 2 questions, is the growth due to higher interest rates, what will happen once rates start to come down, and i see it has a low p/e ratio but what is the PEG ratio,, eg the earnings growth for the future
Just Group grows profits 154% as interest rates boost pension and annuity market
https://www.proactiveinvestors.co.uk/companies/news/1023493/just-group-grows-profits-154-as-interest-rates-boost-pension-and-annuity-market-1023493.html