Just Group Share Price (JUST)

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.