Bought into Just retirement group at about 92p a week or so ago. Again, a small position due to volatility, this is 2.5% of my portfolio. I delayed posting this as I wanted to avoid moving the price up and wanted to try and pick some more up at a lower price – but as it is now 100p that isn’t happening any time soon.
This is a life assurer with a 911m market cap trading at a price to book of around 0.5. It has a yield of about 3.4% and a forecast PE of around 5.4. In summary, it is cheap.
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Continue reading “JUST retirement Group – an idea whose time has come?”
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