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JUP Jupiter Fund Management Plc

88.55
1.50 (1.72%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jupiter Fund Management Plc JUP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.50 1.72% 88.55 16:35:07
Open Price Low Price High Price Close Price Previous Close
86.00 86.00 88.95 88.55 87.05
more quote information »
Industry Sector
GENERAL FINANCIAL

Jupiter Fund Management JUP Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
22/02/2024FinalGBP0.03418/04/202419/04/202420/05/2024
27/07/2023InterimGBP0.03503/08/202304/08/202301/09/2023
27/07/2023SpecialGBP0.02903/08/202304/08/202301/09/2023
24/02/2023FinalGBP0.00520/04/202321/04/202319/05/2023
29/07/2022InterimGBP0.07911/08/202212/08/202231/08/2022
25/02/2022FinalGBP0.09221/04/202222/04/202220/05/2022
30/07/2021InterimGBP0.07912/08/202113/08/202101/09/2021
26/02/2021FinalGBP0.09215/04/202116/04/202114/05/2021
26/02/2021SpecialGBP0.0315/04/202116/04/202114/05/2021
29/07/2020InterimGBP0.07906/08/202007/08/202026/08/2020
28/02/2020FinalGBP0.09212/03/202013/03/202009/04/2020
30/07/2019InterimGBP0.07908/08/201909/08/201928/08/2019

Top Dividend Posts

Top Posts
Posted at 22/2/2024 10:14 by mpage
JUP investor relations publishes (infrequently updated) consensus estimates.

hxxps://www.jupiteram.com/investor-relations/#analyst-consensus
Posted at 10/1/2024 17:02 by mr roper
Value trap indeed.

If global value ends up being managed by Whitmore at his new boutique then that's 10% of the current aum knocked of the total. Sure there'll be some fee agreement so Jup retain some growth from the deal but with Whitmore gone what's left?
The biggest strategies sit with a couple of bond funds and the equity absolute return strategy. Outside that there's a mish mash of a huge amount of underperforming uk funds with some decent Asia and Japan funds. Though from an aum perspective these are about 2-3%.

I struggle to see a buyer for the lot.
Posted at 09/1/2024 09:33 by mpage
When the most principled fund manager at Jup decides he has to leave, you know that something internal hasn't been right for at least two years.

Advanced warning came in the announcement of new fund managers to run the Income Trust.

What an unimpressive board.
Posted at 11/12/2023 06:18 by rmorris94
Built up a position with average price 91p. Reasons happy to hold: i)dividend, (ii) not in danger, (iii) Jupiter funds seem like some of best on Hargreaves Lansdown, (iv) lots of people have locked in fixed rates over last year as these mature will people start looking to get back into funds(?), (v) take over target(?). Thoughts?
Posted at 03/11/2023 08:54 by fillipe
Mmmm, JUP quite nicely frisky today and in the upward.

f
Posted at 03/11/2023 08:32 by mpage
Merlin has always stressed the independent in it's name. And, oddly for cynics, it's true. Being embedded in JUTM gives them daily access to what fund managers are thinking, their concerns, market nuances etc. Plus many visiting experts and such things that are never publicized. This is part of the USP that would be lost if Merlin were hived off.

Also, you need to consider continuity. A separate operation might require some fund managers to be locked in longer than they might wish. Finally, the Merlin managers are partly rewarded with JUP equity. You can imagine how furious they've been in recent years. They can engaged privately with the exec for change (and have done so). This would not be possible if Merlin were outside the plc.

Buy lists are always rotated, but I find it encouraging that the much more demanding institutional consultants are increasingly recommending mandates. Yes, the margin is lower but the life of the contract is longer. Swings and roundabouts.

Now we just have to wait for interest rate expectations to fall and hopefully a sustained return to net inflows. Not holding my breath about the latter.
Posted at 25/10/2023 08:46 by mpage
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.
Posted at 24/10/2023 18:38 by mpage
No divi cut because dividend policy is to pay 50 per cent of earnings. They effectively reduced the dividend a lot some time ago.
Posted at 09/10/2023 15:38 by mpage
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.
Posted at 28/7/2023 09:11 by mpage
@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.

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