Just Group (JUST)

Sector:

Insurance

Index:

FTSE 250

139.00p
   
  • Change Today:
      1.80p
  • 52 Week High: 151.20
  • 52 Week Low: 79.90
  • Currency: UK Pounds
  • Shares Issued: 1,038.70m
  • Volume: 2,720,926
  • Market Cap: £1,443.80m
  • RiskGrade: 252
  • Beta: 1.20

Sunday share tips: Just Group, Warpaint

By Alexander Bueso

Date: Sunday 20 Aug 2023

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of retirement products specialist, Just Group, to readers, pointing to the likelihood of a period of sustained growth in the business and its boss's track record.
First half results showed sales more than doubled year-on-year to £1.9bn, with the lion's share coming from 149% growth in the bulk annuity unit to reach £1.4bn.

Companies were keen to offload pensions liabilities given the cost and difficulty of managing them and in order to focus on their core business.

Just Group chief executive officer, David Richardson's decision to focus on schemes for smaller and mid-sized companies.

Under his watch, the company had also developed clever technology that allowed it to provide competitive pricing for any deal size.

Richardson expected an annual rate of growth in profits of 15%, the interim dividend had been raised by 15% and the company hoped to keep raising it.

"Just Group shares have had their ups and downs but the mood under David Richardson is upbeat - and deservedly so," Midas said.

"The company is making strides, winning new customers and delivering results. A period of sustained growth is in sight and, at 83p, the shares are a buy."



The Sunday Times's Lucy Tobin argued that shares of Warpaint had further to rise despite their 63% run year-to-date.

Tobin emphasised the "high regard" the company's customers had for its make-up, as well as growing margins, "cheap" prices and prudent management.

Warpaint's management was also very focused on cost control and had outsourced all manufacturing.

Furthermore, the company had £7.5m in cash on its balance sheet, no debt and a global customer base.

It was also diversifying its product range even as it expanded into the U.S. and China.

The shares on the other hand remained "relatively inexpensive", Tobin judged, trading on 16 times estimated earnings but with sharp growth likely ahead.

She also noted ShoreCap analyst Darren Shirley's view on the company, which he said was in the foothills of its UK and international growth opportunity.

"It should get even prettier. Buy."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Just Group Market Data

Currency UK Pounds
Share Price 139.00p
Change Today 1.80p
% Change 1.31 %
52 Week High 151.20
52 Week Low 79.90
Volume 2,720,926
Shares Issued 1,038.70m
Market Cap £1,443.80m
Beta 1.20
RiskGrade 252

Just Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.73% above the market average67.73% above the market average67.73% above the market average67.73% above the market average67.73% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
93.49% above the market average93.49% above the market average93.49% above the market average93.49% above the market average93.49% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
62.38% below the market average62.38% below the market average62.38% below the market average62.38% below the market average62.38% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
5.02% below the market average5.02% below the market average5.02% below the market average5.02% below the market average5.02% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Just Group Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-24 11-Apr-24
Paid 04-Oct-24 15-May-24
Amount 0.70p 1.50p

Trades for 21-Nov-2024

Time Volume / Share Price
16:07 521,948 @ 138.00p
16:29 1,090 @ 139.20p
16:27 2,786 @ 139.14p
16:25 2,250 @ 139.40p
16:14 475 @ 138.80p

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