Jupiter Fund Management Share Discussion Threads

[mpage] 25/10/2023 11:06

In one of the trade papers: Investment Week

[aishah] 25/10/2023 10:58

Where did you see the above holdings mentiioned mpage?

[mpage] 25/10/2023 10:44

Hmm.

IPO £850m mkt cap and then crashes to £155m, i.e. market loss £695m. Jupiter owns 2.82%* in total or £19.56m fall. Assume an annual management fee of say 0.6% for a holding period of perhaps 3 years = around £350k direct loss of fee income to firm. That's v small beer and not enough to account for yesterday's 7.4% fall in the share price.

UK Dynamic Fund 1.26%
UK Smaller Cos 1.04%
UK Smaller Cos Focus 0.52%

It's hardly a great advert for the UK IPO market.

[clarea] 25/10/2023 10:00

Trade press putting yesterdays losses down to Jup's holdings in Cab payments.

[mpage] 25/10/2023 09:46

Nobody was!

Think about it: why would you buy a company that is already in the middle of a difficult and costly merger. Why add to that risk?

For starters, you'd be paying for previously agreed guaranteed bonuses and for the lock in payments of key Merian staff (which are expiring - that's why Buxton recently retired - he was simply biding his time).

Much better to let JUP get it all sorted, suffer the costs, make the serial redundancies and then, once the shares are depressed, only then consider whether it is a business that you might actually want to acquire.

[action] 25/10/2023 08:34

Does anyone knows who was bidding for them in past?

[mpage] 24/10/2023 19:38

No divi cut because dividend policy is to pay 50 per cent of earnings. They effectively reduced the dividend a lot some time ago.

[clarea] 24/10/2023 19:04

Most fund managers getting hammered at the moment. I do wonder with this one if it is a large holder dumping stock to get out completely at any price or news possibly leaking of a divi cut on the way.

At some point this should be a stonking buy but equally I thought that two weeks ago and at the moment looking at the chart heading south quicker than a piano off a cliff I wouldn't chance averaging down.

[mpage] 24/10/2023 18:48

a tenth reason. . .

Because the cap on bonuses is being removed on 31 October, so senior management in such firms will be able to reward themselves even more, leaving even less for shareholders.

[mpage] 24/10/2023 18:28

Why? Search me. Here are nine reasons:

Because someone is unloading and we won't find out for a while?

Because no more news flow for the next three months leaves unloved shares at mercy of pessimistic market sentiment.

Because of expectations of additional outflows as FI and equity markets are suffering as well as leakage of assets from further fund rationalisations.

Because of residual pricing in of additional margin pressure announced in TS.

Because all the other quoted asset managers are having a hard time too.

Because the compensation levels are still too high and shareholders are annoyed.

Because there has been nothing but bad news from Jupiter for ages - and only several quarters of net inflows will fix this.

Because no other company appears to want to buy them so something must be wrong.

Because the staff taken on from Merian (who ran a self-interested ship) pushed out good Jupiter staff and this is only now being addressed by the new CEO.

[danb45] 24/10/2023 17:22

probably because I bought in the other day - sorry all

[jsg123] 24/10/2023 14:23

Anyone know why this is being hammered today?

[fillipe] 19/10/2023 12:23

Coming up nice and steadily ....lowest ask on show - 83.2p

f

[action] 19/10/2023 11:47

82.30p now

[daler1966] 18/10/2023 11:47

I'm in bought yesterday and looking to buy today, hold Phnx ,some large divi unloved shares which hopefully get a re rate when Tech sell off

[action] 18/10/2023 11:04

Waiting to reenter if market sell off.

[action] 18/10/2023 10:36

Large chunk sold below 79p.

[fillipe] 18/10/2023 09:40

81.55p the lowest ask on show.

f

[qantas] 18/10/2023 08:56

Jupiter: fees squeeze keeps pressure on asset manager (ft)

Please do your own research as always.

[action] 17/10/2023 11:43

Should go back above 82p atleast

[bdbd11] 17/10/2023 10:18

50bn aum, 500m mcap. less than 1%. Clear take over target. Bought.

[rmorris94] 17/10/2023 09:56

Bought, well oversold

[warrenbuffet73] 17/10/2023 08:55

Prime takeover target now

[dope007] 17/10/2023 08:40

For me the turnaround is continuing. It's going to drift but I may add a few if it does as I don't have much in these at all. I see it as a turnaround gamble

[qantas] 17/10/2023 08:29

Please do your own research as always