Jupiter Fund Management Share Discussion Threads

[archy147] 26/7/2022 14:46

I'm in for a nibble too at 125p.

[cwa1] 26/7/2022 13:27

I'd agree that it's unlikely to be flowing milk and honey ;-) For me it's down to whether it's as bad as the market has priced it at-or not. Also, even a non-catastrophic outlook might be seen as mildly encouraging by the market? Anyway, we'll find out in 3 days how things stand currently...

[flyer61] 26/7/2022 13:17

Well given it has gone off a cliff in the last week...it is going to be bad!

[cwa1] 26/7/2022 12:43

I've taken a small nibble at 124.6p, pretty much in line with what others have said-vaguely hoping that the fall has been overcooked and Friday's update will be slightly less bad than feared. Fingers crossed and all that stuff...

[morgoth1] 26/7/2022 12:15

Decided to dip me toe in today gambling the drop has
been overdone find out soon.

[jubberjim] 26/7/2022 11:48

Not invested at moment

But fall has piqued my interest

In light of the comments posted here and elsewhere will wait Thursdays update before deciding on any investment

As in all shares at moment caution is order of the day

Aug 9 big days for me at moment hope to see you on the other side

[strutt12] 26/7/2022 11:37

slightly concerned with interims out Friday

[morgoth1] 26/7/2022 10:39

ive just joined you at £1.29

[nemesis6] 26/7/2022 09:55

Why did i buy this POS???? why

[kev0856153] 26/7/2022 09:10

Bad smell increasing. Gas mask now mandatory

[linton5] 26/7/2022 08:28

Definitely shocking from a company that’s paying to keep the prey away 🤡

[flyer61] 25/7/2022 15:54

Selling off into the close...the smell gets worse...

[flyer61] 22/7/2022 19:13

RNS’s should be interesting….chairs rearranged on the Titanic or something more given the price went up today…

[cwa1] 22/7/2022 18:45

Hmmmmm. 18 million traded today...

[1jat] 20/7/2022 19:31

Ashmore was down 18%, 10% performance loss and 8% client redemptions…..it s the second number that is worrisome.
Performance issues are often market driven but can be exacerbated by conflicts of interest or taking too much risk with out her peoples money….they don’t like it and walk away pdq.

ASHM has larger exposures to evergrande and Russia than most, JUP has CHRY.

It is the same old story of something apparently working and being a competitive advantage leading to a concentration of risk that turns sour….

Would not be surprised if ASHM and JUP are pushed into emergency takeovers without premium….difficult to justify buying when there are clouds over them…..however they will be resolved and be a bargain at some point….v risky investments both.

[rcturner2] 14/7/2022 07:37

Polar AUM down 14% over the last quarter.

Be interesting to see if JUP are better or worse than that figure.

[wllmherk] 06/7/2022 08:52

you could be correct RCT, but, they must be a buyout target at this valuation, another active fund manager perhaps. They are not weighed down by high debt levels and the buyer could increase their AuM at a stroke. Or am I indulging in wishful thinking given I'm down around 40% on these?

wllm :)

[buywell3] 06/7/2022 07:53

Buying for a dividend in this market

IMO is a mugs game

But plenty of olde farts still do it

Mugs that should know better

[rcturner2] 06/7/2022 06:06

As I have said before on this thread, Jupiter looks dangerously like a value trap. Last quarterly numbers showed a 10% decrease in AUM, wouldn't be surprised if the next 3 months figures show an even worse performance.

[riverman77] 05/7/2022 11:57

SMT didn't charge an outrageous performance fee on unrelaised gains. Also despite the recent tumble SMT still showing strong gains over 5y, unlike CHRY which is now below its listing price. Worst of all several Jupiter funds are invested in CHRY, which raises all sorts of issues and conflicts of interest. Don't hold either SMT or CHRY so just an observer,but this doesn't look good.

[brwo349] 05/7/2022 11:44

Just when you think it can't get any worse there's Chyrysalis/Klarna to come along and hit you over the head.

[2wild] 04/7/2022 15:39

If you think this is bad take a look at Scottish Mortgage Investment Trust SMT down over £10 Billion from 12-month high. 52 week share price high low is 1568-671p.

[flyer61] 04/7/2022 14:17

Ouch…has the smell of a ‘Woodford̵7; about it….

[wunderbar] 04/7/2022 13:48

Came across a weekend Times article with headline: Jupiter fundholders lose £200m on back of stakes in Chrysalis.

I've pasted extract below - all of which further explains why CEO Andrew Formica announced he will be stepping down in a few months time (he's suddenly decided to retire at the ripe old age of 51!). IMHO, he's been asked to leave. Meanwhile, the share price misery continues with another all time low of 139p hit earlier today, leaving JUP with a market cap of just £780m. YTD share price down 47% (down 20% in past month alone). Absolutely shocking performance.

"Jupiter Fund Management has come under fresh scrutiny as it emerged that 12 of its funds had stakes in Chrysalis Investments, landing fundholders with losses of more than £200 million over the past nine months.

Chrysalis, a specialist listed company backing so-called "unicorns" and managed by Jupiter, wrote down its investments by £234 million this week and warned that it expected to have to make more writedowns as the valuations of growth companies tank.

The affair has raised eyebrows with investors after Jupiter was able to take an unprecedented £117 million in fees from Chrysalis last autumn because of what the Chrysalis board now accepts was a flawed fee structure. The entire market value of the company today is less than £573 million."