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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| St. James's Place Plc | LSE:STJ | London | Ordinary Share | GB0007669376 | ORD 15P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -13.20 | -3.18% | 402.00 | 2,459,856 | 16:35:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 402.40 | 402.80 | 409.20 | 401.40 | 405.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 18.98B | -10.1M | -0.0184 | -218.80 | 2.21B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:09:22 | O | 13,146 | 405.656 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/4/2024 | 11:08 | UK RNS | St. James's Place PLC Holding(s) in Company |
| 09/4/2024 | 17:07 | UK RNS | St. James's Place PLC Notice of AGM |
| 02/4/2024 | 10:11 | UK RNS | St. James's Place PLC Total Voting Rights |
| 26/3/2024 | 11:16 | UK RNS | St. James's Place PLC Director/PDMR Shareholding |
| 22/3/2024 | 13:12 | ALNC |  IN THE KNOW: SJP near-term view murky but offers long-term opportunity |
| 22/3/2024 | 10:48 | UK RNS | St. James's Place PLC Directorate Change |
| 20/3/2024 | 15:52 | UK RNS | St. James's Place PLC Holding(s) in Company |
| 19/3/2024 | 13:44 | UK RNS | St. James's Place PLC Holding(s) in Company |
| 07/3/2024 | 16:29 | UK RNS | St. James's Place PLC Annual Report and Accounts 2023 |
| 01/3/2024 | 09:30 | UK RNS | St. James's Place PLC Total Voting Rights |
St. James's Place (STJ) Share Charts1 Year St. James's Place Chart |
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1 Month St. James's Place Chart |
Intraday St. James's Place Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/4/2024 | 17:35 | St James's Place with Charts and News | 989 |
| 30/10/2021 | 22:58 | St James Place | 20 |
| 22/10/2015 | 13:35 | St James's Place _ ACTIVE INVESTORS CLUB (STJ) | 2 |
| 25/1/2010 | 17:37 | BEST Q3 in 3 years will be announced on Wed 29th OCT | 236 |
| 16/12/2005 | 10:01 | flying soon | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:09:43 | 405.66 | 13,146 | 53,327.54 | O |
| 17:09:00 | 406.55 | 4,065 | 16,526.22 | O |
| 17:08:28 | 404.05 | 1,472 | 5,947.65 | O |
| 17:07:17 | 405.51 | 88,957 | 360,731.31 | O |
| 17:05:00 | 402.00 | 35,545 | 142,890.90 | O |
| Top Posts |
|---|
Posted at 16/4/2024 09:20 by St. James's Place Daily Update St. James's Place Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker STJ. The last closing price for St. James's Place was 415.20p.St. James's Place currently has 548,604,794 shares in issue. The market capitalisation of St. James's Place is £2,208,682,901. St. James's Place has a price to earnings ratio (PE ratio) of -218.80. This morning STJ shares opened at 405.40p |
Posted at 10/4/2024 22:49 by dexdringle The uncertainty has already knocked two thirds off the share price. Or three quarters if you take the high point two years ago.Uncertainty means no one knows. It doesn't mean dead and buried. It would be nice to see the board buying very significant numbers of shares though. Rather than relying only on their nice cushy new share options. |
Posted at 10/4/2024 22:22 by jakleeds Merchants trust sells SJP citing potential client confusion over fee overhaulInvestment trust Merchants sells SJP as managers warn of ‘operational difficulties, customer and partner confusion and further regulatory intervention’. The strong post-pandemic performance of a £792.1m investment trust stalled last year after it suffered a double blow from the intervention of the FCA against two of its holdings. Fund managers Simon Gergel, Richard Knight and Andrew Koch took the ‘difficult decision’ to sell St James’s Place (SJP) from investment trust Merchants (MRCH) after the FCA forced the national advice firm to overhaul its charges. The company, which Merchants had held since 2018, subsequently set aside £426m to refund clients who had paid for but not received ongoing advice – a move that required SJP to halve its dividend. The managers ditched the stock before then but, with the shares going on to halve in the 12 months to 31 January, Merchants reported SJP’s woes had knocked 1.1% of its annual return. Writing in the annual report, they said the new business model would be good for consumers and ultimately might shore up SJP’s market position, but in the short to medium term would create big risks and uncertainties. ‘There is a lengthy delay until the changes take effect, and in the meantime there are risks of operational difficulties, customer and partner confusion, and further regulatory intervention,’ they said. ‘Investors must also become comfortable with a very material step down in cash generation when the new model begins, before growing relatively strongly in the following years. This unusual profile of cash generation creates additional uncertainty.’ Wealth manager Close Brothers also weighed on the portfolio, knocking 0.7% off Merchants’ annual return after the FCA launched a review of historic commissions paid by the company for selling car finance that could have ‘a material impact on the company’. ‘Other issues, such as the impact of lower asset prices in its wealth management business, are more normal, cyclical concerns. But the combination of events this year had a major impact on the shares,’ said the management trio. In what chair Colin Clark called a ‘disappointing Merchants’ record remains strong, with the latest data at 8 April showing net asset value (NAV) growth of 25.3% and 46.6% over three and five years, respectively, ahead of the All-Share’s 21.8% and 27.2%. A recent weakening in the shares has seen them slip to a 3.6% discount to NAV, reducing shareholder returns to 19.1% and 39.4% over three and five years. Despite the stock setbacks, income from the portfolio was strong, with revenue earnings per share rising 6.3% to a record 30.5p. This enabled the board to declare a final dividend of 7.1p, giving a total payout for the year of 28.4p, up 2.9% on the 27.6p paid in the previous year. The 5%-yielding ‘dividend hero’ of the Association of Investment Companies has now paid a consistently rising dividend for 42 years. |
Posted at 02/4/2024 13:37 by the millipede I think POLR is probably a decent investment idea, to be honest.Asset managers are beaten down, see also Premier Miton and Liontrust, but unlike those two POLR funds seem less UK weighted. Of course many commentators think the time for UK shares to shine is coming. I am far from convinced, so would pick POLR out of those three. But I think SJP is better. 1/ It is misunderstood. Many people don’t even grasp it is essentially an asset manager. They focus on the financial advice side which is not quite right, even though SJP makes money from advisers. 2/ It had capital inflows last year when most others saw outflows, which suggests resilience. 3/ It has an FCA investigation that again I think investors have misunderstood and will be value enhancing in the long term. 4/ All this equals a far more beaten down share price with greater change of outsize gains in the future, as more people cotton on to an improving reality over the next few years. IMO BWDIK |
Posted at 28/3/2024 08:18 by the millipede “There is worse to come here in terms of news I suspect.“This isn’t a bank with a complex balance sheet. There aren’t any liabilities, except those the FCA invent after the fact. The provision for complaints is massive and may not all be needed. Capital inflows last year when every other asset manager saw outflows suggests the business is growing well. This is not being recognised in the share price. Surprise more likely to the upside IMO. |
Posted at 23/3/2024 16:48 by dexdringle 《《I love how these 'experts' change their share price forecasts AFTER the event. What about all the people who followed their previous target of £9.50 ? Then they talk about SJP being a possible bid target without mentioning at what price they think that bid might come. I'm sure if a £7.50 bid appears they'll increase their target to....£7.50 🤣. Mind you, I can't imagine long term holders being very happy with £7.50 with the shares having been £17 two years ago. |
Posted at 21/3/2024 12:12 by dexdringle Yes, the SJP succession plan does currently depend on other advisers having the funds (or borrowing) to buy clients of retiring advisers. Mind you, this is also true of any IFA wanting to sell - the buyer has to get the money from somewhere.SJP may have to lower the sale value of clients to, say, 3 x annual ongoing advice fees rather than 6 x. Or buy them themselves and then pay advisers to service them and those advisers maybe purchasing the clients piecemeal or gradually or whatever once they have a relationship. Or subsidising the interest rate on loans. I'm sure they are considering all sorts of options. Hopefully the new guy has some fresh ideas because Croft was hopeless. With the share price having recently fallen from £12 to just over £4 (having been £17 two years ago) you have to assume that lots of bad stuff is already in the price. It recently had an enterprise value of £11 a share I think. I can see these getting above £5 again soon. You are right though - at this point they aren't for widows and children. SJP aren't THAT different to others. If SJP goes bust then the whole sector is in trouble..... |
Posted at 20/3/2024 07:36 by jakleeds Any director buying these would be very foolish. I remember when the HBOS share price collapsed from about £12 to £2.50 and Andy Hornby (then HBOS CEO) bought a load of shares.Although there was a temporary small bounce, it didn’t stop the HBOS price tanking and they nearly went under, until eventually being taken over by Lloyds. Let’s not forget, these were spun out of HBOS and many of the staff here used to be there. There may be a temporary bounce but there’s way, way too much bad news still to come out of the closet for there to be anything other than a HBOS style ending. The next news will be worse than the previous news. Some of the advisers, who’ve had it so good for so long, will begin contemplating suicide. |
Posted at 11/3/2024 19:00 by quepassa The price graph indicates that the share price has great downward momentum and a lot further to fall.all imo. dyor. qp |
Posted at 09/1/2024 22:20 by dexdringle In the absence of any sort of positivity, the shares here continue to languish.SJP staff have shares (and share options) which must be miles under water at these prices. Many SJP partners also own significant numbers of shares (not least those 'earned' as zero cost options masquerading as performance bonuses). I imagine the mood amongst both groups is sombre. At least it's good news for the new CEO who is starting from a low base. If he gets the share price back up to £10 he'll be a hero despite that still being only 60% of the previous peak. PS I remember the activist investor a few years ago bought in and was slating the board for the £10 share price at the time not reflecting the true value. And for paying themselves too much. I wonder what that activist is thinking now..... |
Posted at 18/11/2022 08:58 by dassera St James’s Place issued an update on new business inflows and funds under management for the three months ended 30 September 2022. It was another strong quarter for St. James's Place, gross inflows were £4.05 billion, only modestly lower than a record comparative period in 2021. Retention remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion down from £148.06 billion a year earlier. The fall was due to investment performance given the ongoing bear markets in both bonds and equities. Share price is down over 40% so far in this bear market, valuation is starting to look more reasonable with forward PE ratio at 14.3x. But the macro environment continues to pose risks to markets, the share price remains in a correction which could extend significantly. STJ is a share to monitor for now.St. James's Place plc is a United Kingdom-based company which is engaged in wealth management business. The Company operates investment vehicles, such as unit trusts. It invests in these directly, but also indirectly through products offered by its subsidiaries. The Company's business is a vertically integrated business providing support to its clients through the provision of financial advice and assistance through its partner network, and financial solutions, including wealth management products, such as insurance bonds, pensions, unit trust and investment savings accounts (ISA) investments, and a discretionary fund management (DFM) service. Its products and services include investment; retirement planning; inheritance tax planning; social care planning; private clients; intergenerational wealth management, which is about how families use their collective wealth to support each other during their lifetimes; banking and mortgages; and advice for businesses, among others. STJ today issued an update on new business inflows and funds under management for the three months ended 30 September 2022. Gross inflows were a very solid £4.05b down a touch from the £4.32b a year earlier which was a record comparative period in 2021. However, retention remained very strong supporting net inflows of £2.19 billion during the quarter. This was impressive performance given the economic and market backdrop and also relative to many investment management competitors who are reporting net outflows through 2022. Funds under management closed the period at £143.14 billion down from £148.06 billion a year earlier, the drop is fully accounted for by softer investment performance as both equities and bonds extend their bear markets. Plainly there are still risks to AUM over the next 12 months or more. The UK economy may already be in recession and this recession could last through much of 2023. Much of the global economy is also sliding towards contraction with de-risking across global markets ongoing as liquidity is withdrawn from the system. The share price has already corrected around 40% from last year’s highs. Valuation is starting to look a little more reasonable accordingly with forward PE ratio down to around 14.3x. But this is still bottom quartile for the IB & IS sector where share prices have been falling across the board. Near term there is little reason to buy. Share price remains in a correction for now and lacks positive momentum and there could be more significant downside ahead if market conditions deteriorate. STJ is a solid wealth manager with decent 5.7% dividend yield, but it is a share to monitor for now. Bull point: still reporting solid net inflows, reasonable valuation Bear point: still in a correction, macro threat to markets Buy levels: monitor for now Sell levels: monitor for now |
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