PensionBee might soon be ‘Premium List’ but it is still an avoid from me
By Chris Bailey of Financial Orbit | Sunday 24 October 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in April here, at the time of its IPO, I observed that PensionBee Group plc (PBEE) – which describes itself as ‘a leading online UK pension provider with a mission to make pensions simple, so that everyone can look forward to a happy retirement’ – was ‘certainly not buying it on day one’. Well that was a smart choice as whilst the shares hit 180p a few days after the float, they ended Friday’s trading at 140p.
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