Gartmore Grp Share Discussion Threads

[simon gordon] 08/11/2010 10:09

Goliard,

Jupiter are thriving as a PLC.

I think it is the culture in the company that has holed them. Look at CLIG and how they manage their business.

[goliard] 08/11/2010 10:05

Two comments on this.

1. I feel sorry for the staff. A friend who works there said that whilst they could 'cope' with one senior departure, if Hands left it would be 'carnage'. He felt that there was no way this would ever happen as so much of Hands wealth was in the company.

2. I think this highlights the huge risk to private companies who want to list on the market. None of this would have happened if it wasn't for the additional scrutiny that public companies are exposed to. Ultimately this is the fault of the senior management. They should have either ensured that their policies were perfect and being followed across the company, or not embarked on the float. Ego and greed has destroyed what was a very good fund manager.

[hvs] 08/11/2010 09:04

market doesnt hate this, it made it at twice the price.

Now reality kicks in and other peoples money is LOST.

[skyship] 08/11/2010 08:57

Likewise - was lucky enough to sell on Friday c123p - went 20% liquid on Friday

[simon gordon] 08/11/2010 08:56

Yeah, I got stopped out when I tried to trade it for a takeover. Guy is so rich it probably means nothing to him if GRT are sold off cheap, he'll just keep trading and winning.

[skyship] 28/10/2010 08:14

Hmmm - too many funds in the lower 3&4 quartiles. GRT needs to be bought out and many of the non-performing fund managers axed.

[blueflex2] 25/10/2010 16:59

If the info sheet above is true, the share price is undervalued so much.

[liquidkid] 25/10/2010 16:31

Only see one fund in the negative otherwise all the rest It goes all blury;

[liquidkid] 20/10/2010 11:06

Forget about short term fuctuations or its pending IMS I'll bet that within a year this tiddler will be gobbled up. It would be easy money for an acquirer to pick up this quantity of AUM for the price.
Although I trust the manglement to drop another clanger or to in the meantime.

[skyship] 19/10/2010 12:04

JUP up 9% today on a positive IMS:

[liquidkid] 18/10/2010 08:12

Royal Bank of Canada (RBC) has agreed a deal to acquire BlueBay Asset Management for £963 million.The price represents a premium of 29.1% to the closing price of BlueBay shares of 375.05p on 15 October and a premium of 57.7% on the average three month share price of 307.63p.

[skyship] 18/10/2010 07:24

Australian asset managers surged in response to a private-equity bid for Perpetual ................ Perpetual climbed 24% in Sydney after Kohlberg Kravis Roberts & Co. offered as much as $1.73 billion for the firm.

[hvs] 12/10/2010 11:07

Moving up very nicely now.

[hvs] 12/10/2010 08:20

Perfect timing again it seems.

[hvs] 11/10/2010 13:39

Closed my short and doubled up on buy.

I am now in for 50K.

We will soon see over 125p

[smith99] 06/10/2010 09:31

I would have thought that the Nominal Market Share would still apply to big investors like RBS and as such they would have to sel in batches ? Even though that I accept that the physcological effect of a big investor dumping would have the same negative effect.

[simon gordon] 30/9/2010 09:25

If the takeover chatter doesn't spark up again soon I can see these going into the 90s, where I might get stuck in again after recently getting stopped out.

[salpara111] 29/9/2010 19:36

RBS have dumped their entire holding of over 12m shares, doubtless bought at float so that is a pretty dismal loss of 50% for them/us the taxpayer!

That would explain the big drop today and will doubtless create a large hangover as I seriously doubt that the MM will have had a buyer lined up, if they had, a price would have been agreed and the transaction would not have pushed the share price down so far today.

I have a limit order out for some at 105, I will wait and see if it gets filled.

A stunning catalogue of mismanagement here, I imagine that there are quite a few people in the city calling for the CEO's head on a plate.

[liquidkid] 29/9/2010 11:08

Wheels falling of the truck just before the roadshow?

[liquidkid] 29/9/2010 11:05

I guess the Irish funds are taking a hammering run by their "new star" Bennett