Jupiter Fund Management Share Discussion Threads

[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

[cwa1] 22/2/2024 08:15

The dividends will be paid on 20 May 2024 to shareholders on the register at the close of business on 19 April 2024.

[jasperthemonkeygod] 22/2/2024 08:10

can't find the xd date

[hamhamham1] 22/2/2024 07:18

Basically the increase of 4% in AUM was down to a slightly higher increase in the value of the investments, offset against net outflows of investors withdrawing their money.
Is a 4% gain enough considering the huge gains a lot of markets have made over tail end of last year?
Hmmm.

[neilyb675] 19/2/2024 14:55

82.70 - 82.85 (GBX) at 14:52:57
on Market (LSE)

[marksp2011] 12/2/2024 15:59

you can find his record on trustnet. ADVFN are stopping me posting the link

[jasperthemonkeygod] 12/2/2024 08:54

perky again

[mr roper] 10/1/2024 17:02

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.

[catabrit] 10/1/2024 16:18

This is beginning to look interesting but I do worry that it is a textbook value trap. The share price has been in a persistent downward trend for a very very long time.

[mr roper] 10/1/2024 10:54

What a load of nonsense. If he's underperforming, how has 20% of the company aum found its way to his management?

Look at the performance of Special Sits and Global Value under Whitmores tenure and you'll see an excellent fund manager. Compare those two strategies to other equity strategies run by the same company..

Who are his fellow hoodlums?

[jubberjim] 10/1/2024 10:21

Don t think its any big loss

The chap and his fellow hoodlums have done nothing to inspire any confidence from the present day investors.

So why on earth would the funds continue backing an underperforming individual.
If he was any good the fund would not have lost cartloads of investors money over the last few years.

Fall is overdone but that is not to say i won t take a profit when appropriate.

'Loss of Star Fund Manager' sells papers not much else.
Good riddance

[mr roper] 10/1/2024 09:27

As for an orderly handover of Special Sits...Whitmore is there until.July and Savides joins in the Autumn. Hmmm

[mr roper] 10/1/2024 09:16

He doesn't have to compete. Aum can walk if its not fussed about the new manager of his strategies.