Jupiter Fund Management Share Discussion Threads

[mister md] 20/10/2022 16:46

Not often this is high on the risers list. +10% decent move today.

[dope007] 20/10/2022 15:15

Decent report considering. I have decided to add and therefore bring my cost average down

[yaesu] 20/10/2022 12:24

Any idea what this will mean in practice for dividends ?

[strutt12] 20/10/2022 10:44

With effect from the year commencing 1 January 2023, our ordinary dividend policy will be reset to 50% of pre-performance fee earnings and will no longer be subject to a minimum of the prior year amount. In line with the current approach, the Board's capital allocation policy is to make additional returns to shareholders on a periodic basis, based on the capital needs of the business for growth and a healthy regulatory surplus.

[jackdaw4243] 12/10/2022 10:12

Thank you ammons

Beesley being promoted from deputy should have some idea as to what is wrong with Jupiter management. His timing in taking over in October must give him some sleepless nights.

[300808] 08/10/2022 09:21

FT article is for subscribers only.
pls publish a copy.
Is this still going to yield?

[petersinthemarket] 25/9/2022 12:20

FT article is for subscribers only.
pls publish a copy.

[mister md] 21/9/2022 11:03

another + 3% today ...

[mister md] 16/9/2022 08:13

Found this FT article posted today - 'Jupiter prepares for restructuring under new chief'

[mister md] 16/9/2022 08:11

Surprised to see this up 3% this morning on a market sell-off day

[qantas] 05/9/2022 08:55

What price will the management offload at?

Please do your own research as always

[nemesis6] 01/9/2022 14:36

Like most of these "boards" voda ..the same full of overstuffed pigs on a gravy train...but "it in their contract" nothing in there for failure though. No wonder this country is in such a bl00dy mess.
Remember the useless c0w from Countrywide share price goes from 4 quid to 60 p...she gets a 600k payoff Greedy useless filth...so are the ones who employ them.

[squintyflinty1] 01/9/2022 13:46

Is this one ever going to rise?.The management should not be allowed
to participate in an incentive scheme when their performance is appalling .

[luckymouse] 28/8/2022 21:44

Ha - not sure what that is - a base shape breakout i guess

Its complicated - there's both orderly & disrupted action. With the former, a nice clean up channel breaks, price forms a lrg box/pennant whilst folks think wtf next, the osc rolls over, then that top shape breaks, & its goodnight Josephine, down she goes. Exact same thing happens in an orderly base but in reverse.

This chart is the latter however, irregular. For a start its linear (infers speculative, all the US megacaps are log), plus it was disrupted circa jan 2018 by something, sliding directly thereafter.



The base/stage4 will hopefully be orderly, but the blow off top increases risk of some overshoot/final flush (yin yang). The fund mgmt sector do consolidate, all about growing AUM at the EOTD, so potential suitors looking for cents on the $, but mgt usually hate losing their position of power unless a lost cause. Look at JRS, thats facedown in the water & they're still hanging in trying to change primary Objective with the FCA. As for lower high, it'll upturn & look +ve, maybe even a channel b/o, then get yanked down to get the buyers out. A punchup at the turns is pretty standard play. Robust traders & averagers with lots of bullets will get involved in the fray, clean swingers wait for that to end.

[trident5] 28/8/2022 09:39

Agree - big num 100 & IPO 66 - just too obvious, and surprised the market is still in the dark on this.

What's your marker for the completion of a stage 4 basing process, assuming no intervention? I tend toward the hat on a cat methodology in establishing this.

And can you elaborate on the real-time identification of lower highs - I've always struggled with that.

[luckymouse] 27/8/2022 18:49

3rd big dip is usually start of the basing process - big num 100 & IPO 66 seem obvious levels
The short is still in play until that internal exit line is crossed. That's not the same as a swing trade entry, as a stage 4 basing process has to complete - assuming no intervention.
Yield seems unsustainably high at 17% & may halve or even quarter to preserve the B/S. That often also occurs somewhere near the base as it represents the mgt have woken up & are prepared to take action.
As for any 'substantial premium' hostile bid - apart from a defencive smokescreen or load of tosh unless the board are up for it, the M&A circuit frequently price at the notable prior high, currently 264, hence one predator game is wait for a lower high to form (say 167) & go in below at a moment of weakness so it looks like a premium.
Stick to the technicals
GLA LM

free stock charts from uk.advfn.com

[wunderbar] 26/8/2022 17:47

This must be a proud moment for outgoing CEO Andrew Formica - for today, albeit momentarily, Jupiter officially became a penny stock, touching 99.3p before closing at 100.2p (down 4.2p/-4%). Note each penny of JUP's stock is worth £5.531m. This week alone has seen another £46m wiped off the market cap leaving JUP valued at just £554m compared to almost £1.5bn 12 months ago.

According to interim report: "Jupiter remains a well-capitalised business with a strong balance sheet". Indeed, the balance sheet at 30 June showed £209m cash in bank. However, this excludes pending Interim payout (7.9p) equivalent to £43.69m. So assume cash reduced to £165m. This is very rough guess but based on such figures you might deduce 30% of JUP's market cap is hard cash.

All of which leads to the big question - how low will this go? Impossible to say due to ongoing volatility, but given the rapid speed of decline there has to be a point (there always is) when the stock gains favour with investors or becomes a takeover target. I'm now pinning my hopes on a takeover, preferably one which will enable me to recoup a fair portion of my losses but nonetheless factoring in a worst case scenario 25-30% loss. Given this weeks further falls I'm revising my takeover price to 150-180p. Needless to say, the lower the share price goes the lower any takeout price is likely to be. I'm only favouring the takeover route because I want a relatively quick exit at a half reasonable price. I don't want this stock dragging on my portfolio indefinitely. I made a mistake on this one. End of.

PS. Sometimes the market shines a little light. Today, one of my medium sized holdings (MCRO) received takeover bid sending share price up 93%. Sounds great but note bid was made with share price not far off historic lows, turning what had been a small paper loss into a half decent profit on my investment. Doesn't come close to covering losses on JUP though. Morale of the story - every stock has its price.

[cornishman33] 26/8/2022 17:46

The bottom is the same on all shares. Zero.

[qantas] 26/8/2022 15:42

What is the bottom on the share price?

Jupiter floated on the London Stock Exchange at 165p a share.

[nemesis6] 26/8/2022 15:34

pos is a penny share now...ffs

[jubberjim] 24/8/2022 19:27

Getting there ever so slowly

Trouble is as this sinks so do others calling for my attention

80 is my target price not to worried at moment as I sit cooking my porridge

Be lucky everyone

[hugepants] 23/8/2022 15:14

bidm, Just google "chrysalis debacle". It's quite a well known debacle.