Jupiter Fund Management Share Discussion Threads

[linton5] 01/7/2022 16:01

This crew has talked the talk but not walked the walk will put a foot in next week

[bluepeter1] 01/7/2022 15:24

790m market cap, 570m net revenue and 150m annual profit. Tasty.

[rcturner2] 30/6/2022 08:43

Wishful thinking. It is a poorly performing company in a very tough market.

[linton5] 29/6/2022 14:52

Just keep watching this to buy in really think it can be bought out terrible performance since March 2020

[freedomexpress747] 29/6/2022 10:30

There is a place for active fund management, and the Merlin portfolios have performed well on a relative basis. Sadly, the previous CEO seems to have been rewarded for failure. The (good) teams need to be shaken up and a better strategy undertaken. Vigorous action needed!

[wunderbar] 28/6/2022 14:33

Jupiter names new chief executive as Andrew Formica prepares to exit



Note I've tried pasting the article's text numerous times (even from Word doc) but ADVFN seems to be blocking it! Don't bother clicking link above as you'll hit a firewall. Simply Google the CEO's name and the FT article will appear in results, click on this and you'll be able to view the entire article. My comment below.

From an investors point of view Andrew Formica has been a complete failure at Jupiter and many will say good riddance. His plan to stem outflows has clearly not worked and I suspect he's bowed to both internal/external pressure to step down. Since he joined in March 2019 the share price has fallen over 55%. In fact it recently hit an all time low of 150p and continues to languish at these levels, all of which means the dividend yield is now a whopping 11%. Is the market expecting a divi cut or offering up a genuine bargain? If it's too good to be true it often is. Perhaps we'll get an answer of sorts when they publish Interim results (29 July).

JUP's market cap is now only £860m. The longer it stays at these depressed levels the more likely a predator will try and take it out on the cheap. Bearing in mind there was takeover talk last December when the share price was c.230p (£1.3bn market cap) this must be on somebody's radar given subsequent steep fall. I'd gladly accept an offer of 200p a share, even if it means taking a 10% loss. From my perspective this has been an abysmal investment. I've been buying into JUP since February - from 223p down to 152p. Let's hope things don't get any worse.

[rcturner2] 28/6/2022 11:58

I don't think anyone is looking at asset managers at the moment they are massively under pressure from falling markets and negative investor sentiment.

They are a geared play on the market so get a double dose of bad news on the way down.

[wllmherk] 28/6/2022 11:40

Fingers crossed Mr MDWllm

[mister md] 28/6/2022 10:17

and more recently:

[mister md] 28/6/2022 08:54

I thought it was a takeover candidate recently - thats why I added to my holding a while back. Maybe it was just media speculation.

[wllmherk] 28/6/2022 08:32

Not sure an 11%+ yield is sustainable. This has been my worst-performing investment this year alongside IPF. I'd much rather see a stable share price and reduced dividend. I continue to hold as I think active fund management requires consolidation in the sector and with a clean balance sheet JUP seems a likely takeover candidate.

wllm :)

[mister md] 28/6/2022 07:18

But that doesn't compensate the 38% ytd shareprice drop?

[1diamondal] 22/6/2022 14:48

The dividend is now 11.14%

[buywell3] 17/6/2022 22:07

free stock charts from uk.advfn.com

[scrwal] 14/6/2022 21:23

The dividend currently is interim of 7.9p and final of 9.2p totalling 17.1p which is below the forward eps of 19/20p quoted in post 1139 so it is likely that the interim will stay as is with the final subject to what happens later on but it could be untouched as well.

[ammons] 14/6/2022 20:18

RCTurner2 in post 1139 comments on possibility of divi cut. I agree, I think it will be cut.

[flyer61] 14/6/2022 18:10

HonestGina,

You crack me up😄

[flyer61] 14/6/2022 17:35

Probably another new low tomorrow😄

Persistent selling, anybody prepared to put their head above the parapet and comment on whether the 10 plus per cent dividend looks safe. Or are we due an RNS with a big big loss of a mandate…

[strutt12] 14/6/2022 11:33

New low ;-)

[flyer61] 13/6/2022 11:56

And again.

[flyer61] 07/6/2022 08:52

It is a good question Pete160. Everything would point to it being a screaming buy and ripe for being taken out even by a smaller fund management outfit.
However Mr Market seems to think otherwise.