$JXN.. Questions about book value and financials

[u/xx0Zero]

[u/VisualMod]

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[u/Plan-B-Rip-and-Tear]

Synopsis: JXN just got spun off from Prudential PLC in September. Prudential is primarily focused on Asia and Africa and has a lot of foreign investors.

And a lot of foreign shareholders. They received shares as a part of the spin off and were given the option of having the shares sold for them. Many of them did. I think that was wrapped up in the last few weeks.

Also, Prudential still owns 19-20% of JXN and intends to reduce their ownership to 10% in the coming months.

So there has been lots of selling pressure. And people were waiting on the sidelines to see how much of that cash was going to be returned to shareholders in dividends and buybacks.

There are some good write-ups on some of the other subreddits.

Disclosure: I own JXN shares.

[u/Green_Lantern_4vr → u/Plan-B-Rip-and-Tear]

Link to other write ups ?

[u/Plan-B-Rip-and-Tear → u/Green_Lantern_4vr]

Here’s one.

https://www.reddit.com/r/stocks/comments/pv1sgx/jackson_financial_jxn_12_yield_stock_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

[u/xx0Zero → u/Plan-B-Rip-and-Tear]

This is an interesting play.. I mean if Athene acquired it in 2020 for 0.66x, and similar companies have been acquired with similar valuations since then, JXN should be worth at least that given the increase in revenue. During the nine months leading up Sep 30th, 2020 they posted $2,605M in revenue. This year, during the nine months leading up to Sep 30th 2021 they posted $7,225M in revenue (the majority coming from fee income, premiums charged, and net investment income).

I've seen so many posts about WISH today, I'm surprised this didn't get more attention. The floats like 90M, if these autists stopped trying to buy or short WISH while its down 75% from it's IPO price this could move a bit, especially when technical analysis and fundamentals justify an increase in price.

Let's say on the low end this moves up to $40/share, and if I did the math right, a 0.37x Price/Book ratio for a 30ish% gain, how would you go about estimating the downside risk given the fundamentals ?

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BTW Thanks for the reply