Jupiter Fund Management Share Discussion Threads

[dope007] 17/10/2023 08:23

Fall a bit overdone on the trading statement

[mpage] 09/10/2023 16:38

Think you're reading this the wrong way around - Jup (on behalf of one or two of its funds) is obliged to declare how much it owns of Synthomer.

[jasperthemonkeygod] 09/10/2023 15:23

Synthomer have just upped stake for 6% to 11%

and now 21%

[warrenbuffet73] 05/10/2023 14:25

Takeover incoming?

itigroup part of purchases by Synthomer have just upped stake for 6% to 11%

Who’s gonna buy us?

A year or so ago, board said a bid well in excess of £1.5bn, well that’s 4 times current price

[nemesis6] 08/9/2023 15:21

god this pos is butying me ...more than the other pos im unlucky enough to hold

[dope007] 05/9/2023 08:44

Someone just dumped a chunk for that quick move down

[qantas] 17/8/2023 08:03

How Crispin Odey lost it all.

Please do your own research as always

[marksp2011] 04/8/2023 11:59

5 posts in 2 minutes. Well done

[hamhamham1] 03/8/2023 15:49

Hilarious, the numpty down ticker is back... get a life you saddo!!

[hamhamham1] 03/8/2023 14:45

It's (or was) actually up 2p allowing for the divi deduction, all relative of course

[dope007] 03/8/2023 09:55

Added a few more on the Ex divi drop

[dope007] 28/7/2023 10:14

Took a small position and thanks mpage for that info

[mpage] 28/7/2023 10:11

@pete160. IF there are any circling vultures they would have already swooped. The reason they didn't is that they were waiting for JUP to clean up the mess it made with its acquisition of Merian. On a positive note, the new CE seems to be very sensible and pragmatic without the ego of his predecessor.

I wouldn't get too worked up about the dividend as the deeply unimpressive board previously ripped up its dividend policy and replaced it with a low bar (i.e. 50% payout ratio for an asset manager). So of course there is room to pay a bit extra.

More interesting is that they are using an interim 'special' to signal a view that they expect to return to net inflows. That's the sole reason the shares jumped a bit yesterday. That JUP is attracting institutional mandates is much more encouraging. Margins are much lower but the mandates tend to last longer - so swings and roundabouts. In my view the share price has two drivers a) net inflows / net outflows and the value of AUM. Jup takes its amc in monthly slices so in volatile markets there won't be an exact match between profits booked and the latest AUM figure.

Before anyone gets too excited, it was only a few years (2017) ago that JUP was paying FY divs of around 32p.If net inflows continue and with some clear volume then there is room for the shares to go higher even if the P/E rating remains unchanged.

[dope007] 28/7/2023 09:57

Tempted to take a position in these if they drift further.

[pete160] 27/7/2023 09:23

A very good interim update this morning and confidence from the BOD with a 2.6p special dividend in addition to the 3.5p ordinary.
Perhaps part of a strategy to fend off any circling vultures?
Still some way to go to get me back to scratch mind.