Jardine Lloyd Thompson Discussion

Results and Dividend Declaration next week

performer — Sat, 25 Feb 2012 11:07:00 GMT

www.dividendmax.co.uk

http://www.dividendmax.co.uk/sectors/nonlife-insurance/companies/jardine-lloyd-thompson-group By performer

Sunday times investment strategy for 2012

performer — Mon, 02 Jan 2012 13:51:00 GMT

Number one tip - Dividends

www.dividendmax.co.uk

http://www.dividendmax.co.uk/sectors/nonlife-insurance/companies/jardine-lloyd-thompson-group By performer

Offer Proceeds

PHILKES — Sun, 27 Nov 2011 08:36:00 GMT

I have finally received the cash from the recent offer but the remaing share holding is not showing in my ISA account. What a mess III seem to be in. Anyone else with similar issue? By PHILKES

Re: Offer (revised answer)

Inatthetop — Thu, 17 Nov 2011 15:06:00 GMT

You're there! By Inatthetop

Re: Offer (revised answer)

tallyfox — Wed, 16 Nov 2011 20:12:00 GMT

I have had my allocation sold by Alliance Trust in my ISA and the money credited. Just under 20% of allocation sold.

Will watch closely and buy back again if under £7. By tallyfox

Re: Offer (revised answer)

extramild — Thu, 03 Nov 2011 11:38:00 GMT

Does anyone know when the offer closes?

To explain - I have said to my broker - FXCM - to accept to offer - but does anyone know when Jardine Matteson will pay for the shares?

Regards

Extra By extramild

Re: Offer (revised answer)

Bowman — Wed, 19 Oct 2011 20:57:00 GMT

I read the paperwork again. It will all depend on how many holders decide to tender (i.e. take up the offer).

If only 10% (or less) of all the issued shares are tendered then the tenders will be filled completely. If more then 10% are tendered, then each person tendering will have their basic entitlement (i.e. 10% of their holding, if they tendered their complete entitlement) filled, plus a portion of any shares in excess of their basic entitlement that have been tendered.

Nobody will know until the tendering process is complete just how many shares have been tendered.

So if one tenders ones holding, then one is guaranteed a 10% disposal, but the maximum amount will not be known until all tenders have been submitted.

Small holders could then be left with a small amount of shares that might cost a lot to dispose of, which would eat into the "profit" made from taking the offer up.

Hope that is clear! By Bowman

Rise Today anyone know ?

wallpa — Wed, 19 Oct 2011 16:28:00 GMT

reason behind this accelation volume ? By wallpa

Re: Offer

Bowman — Wed, 19 Oct 2011 15:03:00 GMT

It is not an offer for your entire holding, only a portion (10%) at best. I am unsure if it is really worthwhile for a small holder (e.g. 1000 shares). I am a long-term holder and prefer to hold.

If my maths are correct, the current premium of ~65p only works out at a gain of £65 per 1000 shares held. £65 on a holding worth £7000 is <1%, which is much less than the gain made by today's SP. By Bowman

Re: Offer

extramild — Wed, 19 Oct 2011 13:08:00 GMT

It seems to me that taking 765 p for a share that is trading at 715 p is money for old rope.
Anyone got a better idea? By extramild

PHILKES — Sun, 02 Oct 2011 09:08:00 GMT

So what is the best option? Seems like taking maximum cash is the best option based on the offer price or am I missing something? By PHILKES

Re: Jardine Mattison Offer

losskop — Tue, 27 Sep 2011 20:57:00 GMT

its not an offer for the firm but for an increased shareholding. These shares are pretty tighly held and so this is the only way Matheson can get them. Good news for JLT, which is a solid well run firm. By losskop

Jardine Mattison Offer

extramild — Fri, 16 Sep 2011 18:07:00 GMT

Hi folks,

Does anyone know what the story with Jardine Mattison offer for JLT?

Are there likely to be any better offers?

Regards

Extramild By extramild

Emerging markets boost JLT

SpikeyDT — Fri, 29 Jul 2011 15:00:00 GMT

Emerging markets boost JLT
Created: 29 July 2011 Written by: John Adams
http://www.investorschronicle.co.uk/Tips/Buy/TipsOfTheWeek/article/20110729/36c728b0-b9d3-11e0-bbe2-00144f2af8e8/Emerging-markets-boost-JLT.jsp

Catastrophe losses from such events as the Japanese earthquake may eventually force premium rates upwards - but that has yet to make a difference to insurance broker, Jardine Lloyd Thompson (JLT). Indeed, with these first-half figures, management flagged-up a "continued weak insurance market rating environment".
Still, JLT's main risk and insurance division, which generates 80 per cent of group revenue, grew its revenue 10 per cent, driven by emerging market growth in such regions as Asia and Latin America. JLT is keen to boost that emerging market exposure and, last month, announced the acquisition of 50.1 per of Chile's fourth largest insurance broker. But, it's a different story in mature markets - the continental European operation, for instance, struggled with "mixed" trading, amidst tough economic conditions. So, overall, the risk and insurance division's trading profit grew just 2 per cent to £76.7m.
The London Market unit also produced modest revenue growth, but trading profit declined due to investment in front office staff and softer US premium rates. However, management expects an improved second-half outcome as new hires start to deliver.
Numis Securities expects full-year pre-tax profit of £143.2m, giving EPS of 46.2p (£119.4m and 41.7p for 2010).
JARDINE LLOYD THOMPSON (JLT)
ORD PRICE: 646p MARKET VALUE: £1.4bn
TOUCH: 645-646p 12-MONTH HIGH: 714p LOW :551p
DIVIDEND YIELD: 3.5% PE RATIO: 16
NET ASSET VALUE: 150p* NET DEBT: 35%
Half-year
to 30Jun Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2010 376 70.0 27.1 8.8
2011 409 76.4 24.6 9.2
% change +9 +9 -9 +5
Ex-div: 7 Sep
Payment: 3 Oct
*Includes intangible assets of £286m, or 132p a share
Guide to the terms used in IC results tables.
More analysis of company results
More share tips and updates...
TIP UPDATE
Buy
Premium rates should harden eventually and JLT's growing emerging market focus looks smart. Management also raised the annual savings target from £16m to £20m. The shares aren't pricey compared to those of its US peer group and, even though they are slightly down on our buy tip (661p, 25 March 2011), we reiterate that advice. Buy. By SpikeyDT

Re: why the pull back

losskop — Mon, 18 Jul 2011 22:34:00 GMT

with the market - company is solid and so just all going south at moment By losskop