Jupiter Fund Management Share Discussion Threads

[its the oxman] 05/12/2014 15:46

Still not quite sure what is holding this back. Could be an opportunity but bit reluctant to add till we get further newsflow.

[its the oxman] 24/11/2014 09:37

Any views on what might drag this back over 400p. Market levels are back up so you would of thought things are looking ok. Not sure how their fund performance is holding up though.

[eezymunny] 17/10/2014 15:15

Had a few down here for the EEZY2 portfolio FWIW.

Super b/s, 5+% yield, modest PE, dir buying etc.

All good tho prob tank with the market if we're going down...

[its the oxman] 03/10/2014 13:40

Remains well oversold after market sell off, like many other asset managers. Macro concerns need to fade away. Just hope next results deliver decent FUM and performance. By the way Mr QP. Any comment on this one or have you fled the thread.

[its the oxman] 11/9/2014 13:31

Bit dire 354p

[its the oxman] 05/9/2014 17:18

5bag. With management stating intention to pay 50% of earnings as div that looks like c.14p for year to me. Possibly the sale of their business to Rathbones could boost this a bit but it may not. Meantime not sure why the div expectations are so high from some brokers. Perhaps others can enlighten me.

[its the oxman] 05/9/2014 16:08

Cheap again at 365p

[its the oxman] 19/8/2014 08:39

Markets moving up and gradual recovery here. Just need some excitement from somewhere to spike us over 400p

[5bag] 06/8/2014 11:20

I only have one chunk, bought at 369 a while ago, I should have sold in the 400's but thought 'why not just hold and see where they go'. I didn't think they'd fall back this far, and still see value to be had here, so I'll just keep holding them. Divi rises, however slight they are, are fine with me.

[its the oxman] 06/8/2014 10:53

Topped up to bring my average down to c.370p. Who knows but hoping to be well over 400p again by year end.

[its the oxman] 05/8/2014 10:16

Berenburg, Citigroup and SocGen all been busy trimming targets etc for JUP. Giving a nice opportunity to top up. Not sure what people are expecting for div this year now after the tiny interim increase.

[its the oxman] 03/8/2014 23:44

Not feeling so fortunate now but hey ho.

[5bag] 01/8/2014 08:41

Yield and eps and growth suggest there's value to be bought around this region.

[5bag] 31/7/2014 12:59

Numbers weren't stratospheric, just merely 'growth' some fixed costs have increased though. Happy to keep holding these for the long term. Divi raise less than I was hoping, I was expecting 4p. But it's better than the last (3.5), now up to 3.7

[its the oxman] 31/7/2014 11:26

Fortunate enough to have sold out near recent highs. Bought back in today 382p with ex div date not far away. Not sure if numbers disappointed slightly on results but fall looks overdone given the business continues to attract new FUM.

[5bag] 30/7/2014 13:45

Some costs have increased, but AUM growing steadily. Not at all shabby, and a slight divi increase too.

[5bag] 12/5/2014 12:13

Not bad. Streaming away north of 400. Another few weeks of this wouldn't go amiss.

[5bag] 01/5/2014 09:49

Should be back over 400 fairly soon.

[5bag] 30/4/2014 14:22

old article from Feb
====================

Jupiter reveals higher than expected dividend payout ratio

Date: Thursday 27 Feb 2014
Jupiter reveals higher than expected dividend payout ratio

Jupiter Fund Management saw its assets under management rise to 31.7bn pounds during 2013, up from 26.3bn pounds in the prior year, as net mutual fund inflows increased to 1.2bn pounds from 1bn pounds.

Full year revenues grew 18% to reach £288.5m.

That saw the company's profit before tax grow by 55% to hit £114.1m and underlying earnings per share improve by 33% to 25.2p (Consensus: 25.1p).

The company had £159.5m of net cash on its balance sheet at year end, versus £69m at the end of 2012. Bank debt was lowered to £11m from £78m in the year before.

The dividend payout ratio was hiked to 50%, equivalent to 12.6p per share, moderately ahead of the consensus estimate.

The fund manager indicated that its intention was to reinvest selectively for future growth as well as to return excess cash to shareholders depending on market conditions.

Numis sees the potential for the firm to top that up with what may be substantial special dividends which could see the total payout ratio rise to as much as 80-90% should no major investment opportunities emerge.

Chief Executive Edward Bonham Carter highlighted the investment outperformance achieved across the company's product range and the completion of the firm's deleveraging process.

[quepassa] 22/4/2014 09:47

Always good to buy on dips.
Market got worried a little over Ukraine.
Now rationalising that this is likely not to spill over and not become a major market downer.

ALL IMO. DYOR.
QP

[its the oxman] 22/4/2014 09:34

Not looking such a bad buy now.

[5bag] 16/4/2014 20:13

Nabbed a few at 369 today. Might not be the bottom but sure it will be miles away from the top :-)

[its the oxman] 16/4/2014 13:35

Whoops too early as usual.

[its the oxman] 16/4/2014 11:36

Hi QuePassa. Just thought I might join you here at 371p. Hopefully these can recover back over 400p from here and the forecast div and eps rises over the next few years will come true.