Hi, we've made some changes

Friends Provident(FP.)

Sector:

Life Insurance

Index:

FTSE 100

Market Cap

£2,167.70m

Change Today

Price Up4.10p

Share Price

93.30p

FP. Overview

Friends Provident is one of the leading financial services groups in the UK. It offers a wide range of products and services and operates through two core business areas. Life and Pensions concentrates on providing pensions products in the UK, Europe, Asia, and the Middle East. The Asset Management business operates through F&C Asset Management, which manages funds and a range of other investment products.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 9.0% 4.9%
Div Cover -0.2 3.2
Op Mrgn 2.7% 6.4%
ROCE 0.5%  

Valuation

Latest F'cast
P/E n/a 6.2
PEG n/a n/a
Pr/Revenue 2.1 0.3
Pr/Book 0.5  

Growth

Latest F'cast
Revenue 1.4% 593.7%
PBT n/a n/a
EPS n/a n/a
DPS 1.9% -43.7%

FP. Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a3,217.00 a260.00 10.40p 12.7 n/a -17% 7.40p 5.6%
31-Dec-04 977.00 221.00 10.30p 15.0 n/a -1% 7.55p 4.9%
31-Dec-05 977.00 367.00 8.80p 21.5 n/a -15% 7.70p 4.1%
31-Dec-06 980.00 491.00 17.90p 12.1 0.1 +103% 7.85p 3.6%
31-Dec-07 994.00 (113.00) (1.40)p n/a n/a n/a 8.00p 4.9%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

FP. Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 6,895.80 439.06 14.31p 6.2 n/a n/a 4.51p 4.9%
31-Dec-09 7,240.59 474.77 15.30p 5.8 0.8 +7% 4.99p 5.4%

Covering analysts: ABN AMRO, Citigroup Investment Research, Collins Stewart, Keefe Bruyette & Woods, Lehman Bros, Merrill Lynch, Morgan Stanley, Panmure Gordon, Société Générale, UBS

FP. Company Announcements

Director/PDMR Shareholding 08-Jul-2008 13:12 PR Newswire
Directorate Change 03-Jul-2008 11:00 RNS
Total Voting Rights 30-Jun-2008 17:01 PR Newswire

FP. ShareCast News

London close: Oil price retreat spurs equities 07-Jul-2008 ShareCast
Sunday's newspaper round-up: Marks & Spencer, Mi... 06-Jul-2008 ShareCast
FTSE 100 movers: Friends Provident suffers Lomba... 04-Jul-2008 ShareCast

FP. Top Newspaper Links

JC Flowers eyes bombed-out banks after Bradford ... 05-Jul-2008 Telegraph
Call for Standard Life to cosy up to Friends 19-Jun-2008 The Scotsman
Seven bidders tipped to join RBS auction 25-May-2008 Independent on Sunday

Latest FP. Director Deals

Traded Action Notifier PriceAmountValue
07-Jul-08 Buy Alastair R G (Ben) Gunn 99.40p 126 £125.24
09-Jun-08 Buy Alastair R G (Ben) Gunn 120.80p 103 £124.42
28-May-08 Buy Dividends Sir Adrian Montague 118.60p 276 £327.34

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

FP. Market Data

Currency UK Pounds
Share Price 93.30p Price Up
Change Today +4.10p
52 Week High 201.00p
52 Week Low 89.20p
Volume 7,354,641
Shares Issued 2,323.37m
Market Cap £2,167.70m
Beta 1.02
RiskGrade 203

FP. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
61.87% below the market average61.87% below the market average61.87% below the market average61.87% below the market average61.87% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income
25.55% above the market average25.55% above the market average25.55% above the market average25.55% above the market average25.55% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
24.22% below the market average24.22% below the market average24.22% below the market average24.22% below the market average24.22% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 1
Strong Sell 1
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FP. Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-08 10-Oct-07
Paid 27-May-08 23-Nov-07
Amount 5.30p 2.70p

Trades for 09-Jul-2008

Time Volume / Share Price
13:58 1,000 @ 93.30p
13:57 1,000 @ 93.30p
13:56 10,842 @ 93.30p
13:56 10,000 @ 93.30p
13:56 387 @ 93.30p

FP. Key Personnel

CEO Trevor Matthews

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).