JRG.L Share Price (JRG)

Apologies, the report was dated Feb 1, but on closer inspection it encapsulates the brokers' recommendations since October 2015. Still...

Just two weeks after seven brokers issued buy ratings on this stock with Panmure going highest at 225p, the price has slumped to a 12-month low today of 117p. Heads you lose, tails you lose.

Money time - to be fair I think this was over-bought a little. It's great that the price has recovered following last year, and suspect that the latest wobble is just that. We're trading way below our EV per share value of around £2.00. We need to get the May trading out of the way to ensure a sustained rise, hopefully. If annuity sales show some resilience before the pension changes, then all is good. Their defined benefit successes I think bodes very well. As for the Avallux sale, I very much doubt that there will be further sales in the short term. The 52% shareholding is important for all sorts of reasons, least of which the amount of work the Group would need to undertake should there be a change in control - ie a fall below 50%. I'm expecting the Group to successfully steer through the pension changes and be able to provide a number of niche products to take advantage of the new rules. I would hope that the share price might be north of £2 in the next 6 months. Just my views HOTH

No reason why this won't keep rising early part of next week.

What a beauty.