After just two months on the AIM market, Just Retirement have published quite dramatic new business figures. 6 months figures are up 215% and rose 16.4% quarter on quarter. Very popular with IFAs, major part of the business in is annuities. However, what impressed me was their very well conceived equity release product. Reversion products have not had a good name but this seems to be good both for the pensioner and for Just Retirement.

The chart shows the popularity of the share. The flotation raised 63m. Deutsche Bank have major stake. I have taken a very minor one!

Eric

JR. Bid: 300.25p Offer: 302p Change: -4

Received blurb from Saga based on the JR. equity release schemes - attractively presented. This is very profitable business and should grow with the Saga link and the attraction to the intermediaries. The sp has come back. Presumably profit taking. It could be the comment that the growth rate is slackening but, by gum, thats not a problem when current rate is 68%. A good thing about them is that reports are quarterly so news in July should keep them in focus.

Eric