Jupiter Fund Management Share Discussion Threads

[tradertrev] 18/12/2024 17:16

I would put greater weight than usual on today's share purchase by NED James Macpherson. He was a very good fund manager, and while this is small beer for him, he never liked losing money, especially his own!!

[martinmc123] 11/10/2024 08:51

wealthoracle.co.uk/detailed-result-full/JUP/862

[martinmc123] 11/10/2024 08:51

JUP – Jupiter Fund Management
2*
Posted another soft quarterly AUM update keeping the poor performance coming through although management acknowledge that this what they were expecting at the start of the year as well. Net outflows in the third quarter were £1.6bn, resulting in total net outflows of £5.0bn year to date. However, clutching at straws a little, the business generated marginally positive net inflows in the quarter on an underlying basis, i.e. excluding flows related to the Value team or the change in management of Chrysalis Investment Trust. Total assets under management decreased to £50.1bn and look set to dip back under £50b later this year. No company financials today but lower AUM typically equals lower revenues so FY performance set to be a fair bit softer when FY numbers reported in Feb 25. Lower in range today, but soft performance was more or less expected and the big correction in share price looks to be done, has been drifting sideways for a couple of years now. Valuation is ok with forward PE under 10x, but there isn’t much to get excited about here anytime soon.

[scotch broth] 11/10/2024 07:53

Lack lustre update.
On the other hand not going materially worse,the dividend is comforting,and a rising tide lifts all boats.There is considerable upside p[otential if recovery comes.

[value hound] 11/10/2024 07:17

Mixed bag but still ... worth more like 140p over time IMO.

[t-trader] 08/8/2024 08:09

karv1,

Use website link below, shows you all companies ex-dividend dates/payment dates etc



You’ve actually gained by buying in today as fall is greater than divi amount, so all good.

[karv1] 08/8/2024 08:01

ah classic newbie mistake from me should of check that. I tried to get in yesterday but was rejected. Still though I think I am happy with 74.9 to 75.4 fingers cross for the future.

[t-trader] 08/8/2024 07:54

karv1,

It’s ex dividend today 3.2p

[karv1] 08/8/2024 07:44

Big drop this morning any news or just markets?
It has allowed me to buy in but at the same time there was a lot of bigger than normal sellers in a short time span.

[jasperthemonkeygod] 07/8/2024 13:00

that aged well

[jasperthemonkeygod] 26/7/2024 14:27

breaking out?

[dope007] 20/5/2024 07:49

Still haven't bought in but the FTSE is doing well, and reading a lot about investors finally putting money to work in the UK which has to be good for this stock

[neilyb675] 08/3/2024 09:06

89.65 - 89.95 (GBX) at 08:51:06
on Market (LSE)

[dope007] 28/2/2024 13:34

Sold a few of my direct line shares on this takeover bid announcement and looking at moving some of the money into here. I already own M&G in this sector but these do look good long term value here and do seem to be turning the business around. Capital is very strong so no worries on that side

[florence141414] 22/2/2024 13:23

FWIW those look low to me. If rates drop and retail investors return to the market (which is higher margin for Jupiter) with outflows turning to inflows then those forecasts could even be blown out of the water.

[wjccghcc] 22/2/2024 10:33

Sharepad EPS 2024 8.33p and 2025 7.99p.

I guess it's also because they're seeing institutional net inflows at 40% of the margins of the retail outflows.

[mpage] 22/2/2024 10:14

JUP investor relations publishes (infrequently updated) consensus estimates.

hxxps://www.jupiteram.com/investor-relations/#analyst-consensus

[florence141414] 22/2/2024 09:24

Do you mind if I ask where that forecast is from? Can’t see anything on research tree

[mpage] 22/2/2024 09:12

Because the majority of those institutional mandates went to Ben Whitmore.

[wjccghcc] 22/2/2024 09:08

Why are earnings forecast to drop by 40% next year?

[florence141414] 22/2/2024 08:22

In the context of the current market cap I think these results look like a screaming buy. They still made 60m post take profits after making the appropriate adjustments.

Yes those will be hit somewhat by margin compression and the loss of a star fund manager. However this was also a terrible year for performance fees. Roughly these factors may well offset one another going forward.

So 60m cash flows and really good asset backing. That should surely be worth a 10x multiple in a fair market.

[jasperthemonkeygod] 22/2/2024 08:16

ah, ta

blind