Member Info for honador

Not entirely true that statement...in certain aspects, purchasing an annuity is mandatory..i.e. reaching age 90. Although not compulsory, crystalising pension benefits was (and is) mandatory. I do see it as a positive, it can only make the market more competitive by increasing annuity rates and subsequently enhanced annuity rates. This will of course have an impact on annuity providers profit margins.

I wouldn't personally, until the full legislation is released companies like Partnership, Just Retirement and MGM will really struggle. Any IFA worth their salt would be a fool to recommend an annuity product based on this announcement.

I'd say JRG have a slightly more diversified product portfolio, but their annuity business effectively funds their Equity Release product, so tough times ahead. Proposition guys within need to act fast to release a suitable product, and quickly, to be the 'market leader'

Especially as they've upped the triviality limit from 18K to 30K... Great way to increase tax revenue though!

bad times for annuity providers!

Have a read of the Budget... No requirement to purchase an annuity: "All tax restrictions on pensioners' access to their pension pots to be removed, ending the requirement to buy an annuity"

is why look to raise capital via both debt and share issue? Are there limits to the amount of shares that can be issued based on existing number of shares, i.e. if say they raised capital at a price of £1 (unlikely in my opinion) and the costs to acquire the asset(s) was £11mil, could they issue 100% of the current shares in issue to raise said capital? Or, will they look to raise debt to minimise the shares required to complete the acquisition, if there is a limit or if they are conscious of not over diluting the current holdings?

And there in lies my previous point... Was previously any number of days within January, and now moved to February...

Agreed, but its been coming everyday for past month...

please stop predicting dates that you expect an announcement to be made. No one knows, apart from those in the know... It will come when it comes.

Look at the value (£) of those 2 sells...a grand total of £928.95, hardly earth shattering. As previously mentioned, those that were early enough and have a decent paper profit are the ones sitting comfortably, others will wait to see what announcement is made and what impact this may have on the SP. Those wishing to sell would have more than likely done so by now, hence the lack of interest/action at present.

My thoughts exactly, why release news into a depressed market. Wait until an upturn and then gain full advantage of (hopefully) positive news. ATB

£2.20, personally think that until PA. investigation is sorted, this will hold at these levels.

Personally, I don't feel that this is under the radar...highlighted by the sharp increase last Friday. I feel that most are awaiting clarification of the companies intentions and what funding may be required to complete any transaction. Until then, we don't know what, when and how much in that respect. Some may wish to wait therefore reducing their exposure to risk. I'm happy waiting, as considerably in profit already and am happy if further funds required to complete transaction(s) so long as it is at a reasonable price. GL

They've gone from holding 1,137,500 (£494,812.50) to holding 1,097,500 (£477,412.50)... What do you think?

40k shares sold by an II, dropping them just below 10%. As mentioned, pointless notification.

the notification relates to the 40k you were offered Jack?! Bit of a pointless exercise in my opinion. GLA

day today, reassuring to see this move on relatively small volume. MMs now looking for full ask on as little as £750. GLA

A quick show of appreciation for bringing this co. to my attention. Having reviewed the information to hand, I decided this morning to take a postion (minimal value initially and in my SIPP), this looks good for short to mid term, and I'll look to add once more information becomes available. ATB