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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jupiter Fund Management Plc | LSE:JUP | London | Ordinary Share | GB00B53P2009 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.30 | -0.35% | 85.10 | 18,015 | 09:04:34 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 85.00 | 85.40 | 85.60 | 84.90 | 84.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Business Credit Instn | 368.8M | -12.9M | -0.0237 | -36.03 | 465.41M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:56:45 | AT | 200 | 85.10 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/10/2024 | 11:51 | UK RNS | Forterra plc Holding(s) in Company |
| 25/10/2024 | 14:00 | UK RNS | TP ICAP Group plc Holding(s) in Company |
| 25/10/2024 | 10:08 | UK RNS | Colefax Group PLC Holding(s) in Company |
| 11/10/2024 | 08:59 | ALNC |  Jupiter Fund Management third-quarter flows in line with expectations |
| 11/10/2024 | 06:00 | UK RNS | Jupiter Fund Management PLC Trading Update and Notice of Results |
| 02/10/2024 | 13:15 | UK RNS | Jupiter Fund Management PLC Holding(s) in Company |
| 30/9/2024 | 10:30 | UK RNS | Jupiter Fund Management PLC Appointment of a Non-Executive Director |
| 27/9/2024 | 11:46 | UK RNS | Synthomer PLC Holding(s) in Company |
| 13/9/2024 | 09:43 | UK RNS | Renold PLC Holding(s) in Company |
| 12/9/2024 | 11:00 | UK RNS | Jupiter Fund Management PLC Director/PDMR Shareholding |
Jupiter Fund Management (JUP) Share Charts1 Year Jupiter Fund Management Chart |
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1 Month Jupiter Fund Management Chart |
Intraday Jupiter Fund Management Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/11/2024 | 15:56 | Jupiter Fund Management | 1,469 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:56:45 | 85.10 | 200 | 170.20 | AT |
| 08:56:13 | 85.00 | 2,453 | 2,085.05 | AT |
| 08:56:13 | 85.00 | 1,000 | 850.00 | AT |
| 08:56:13 | 85.00 | 2,443 | 2,076.55 | AT |
| 08:56:13 | 85.00 | 1,475 | 1,253.75 | AT |
| Top Posts |
|---|
Posted at 11/10/2024 08:51 by martinmc123 wealthoracle.co.uk/d |
Posted at 11/10/2024 08:51 by martinmc123 JUP – Jupiter Fund Management2* 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. |
Posted at 22/2/2024 10:14 by mpage JUP investor relations publishes (infrequently updated) consensus estimates.hxxps://www.jupitera |
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 25/10/2023 09:44 by mpage 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. |
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. |
Posted at 26/8/2022 16:47 by wunderbar 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. |
Posted at 19/8/2022 14:40 by wunderbar HamHam, I think you're being extremely optimistic with a price target of 300p in 24 months. I'd dearly love that to be the case but doubt very much it will materialise in such a short timeframe. Perhaps 3-5 years is more realistic, if at all! Incidentally, 300p was my price target when I started buying into JUP back in February c.223p. However, a lot has changed in that time, namely Putin rolling his tanks into Ukraine and by doing so changing the worldwide economic landscape. Add to that JUP's gung-ho investment in Chrysalis, as well as their repeated failure to stem outflows, and what you’re left with is a share price caught in a dangerous tailspin. We seem to be hitting new all-time lows almost every week. At what point does this trend stop - are we not already in bargain territory @ 111p? Jupiter’s market cap is now just £616m (YTD share price down 58%) – how low does it have to go to before turning the corner, or ignite a takeover bid? At present my investment is down c.40% so I’ve no choice but to sit tight through this period of turmoil and wait for a recovery of sorts, ideally offloading into a rising share price. Given the poor sentiment in this sector I'd settle for 130-150p come end of year. In the short term I can't see it climbing above said levels unless instigated by a takeover rumour/bid, and should one materialise I’d hedge my bets on an offer price in the region of 170-190p.As for the dividend, I don’t think anyone should be fooled by the perceived current yield of 15%. Whilst the company intends paying out a full interim divi of 7.9p I reckon future payouts will be substantially cut, anything between 30-60%, which would still leave a healthy divi for investors at current price, but a hammer blow for investors who bought in much higher. On a final note I think it’s absolutely disgraceful that Andrew Formica is still CEO (albeit until 1 October when he steps down). In my opinion he should’ve been shown the door following the Chrysalis debacle. His 3½ year tenure has been an abject failure. He has only succeeded in destroying shareholder capital during his reign, somewhat ironic given this is a wealth management company. Naturally, he has been handsomely rewarded for his failure, drawing an annual salary of c.£450k (excluding bonuses etc). In his first year alone he walked away with £1.3m. And to rub salt into shareholders wounds he will remain within the company until the middle of next year to ensure a smooth transition with his successor. Surely shareholders should have a say in this matter. This is the man who has overseen the biggest capital destruction in the company’s history. Under his leadership JUP’s share price has fallen 69% wiping almost £1.4bn off the market cap. He should go now. |
Posted at 17/2/2022 14:48 by wunderbar I’ve been watching this stock for many months and recently bought a couple of tranches c.223p. I was hooked in by four things: Firstly, JUP has a dividend yield of 7.5%. Secondly, the share price (220p) is not far off historic lows (185-200p) thus appears to be good value. Thirdly, this stock and sector is traditionally boring and I’m looking to plant funds in unfashionable corners of the market. And finally, at this price point there is scope for significant capital gains when the market tide turns in JUP’s favour – I’m looking to double my money in 3-5 years. But right now this stock is unloved (noting sector is out of favour, ABDN also struggling). Is JUP a value trap (possible dividend cut) or is it a bargain? Needless to say I’m pinning my hopes on the latter.To paraphrase Jack Nicholson’s famous one-liner from Batman: this company needs an enema! It’s share price performance over the past year has been woeful, down 25% in a rising market. In the past month alone it has fallen 9% but dare I say looks to be bottoming out at 220p. Perhaps JUP’s forthcoming full-year results on 25 February will prove to be the catalyst for a long overdue correction. Of course should they prove to be uninspiring then don’t be surprised if the market overreacts! I’m happy to buy more should we see 200-210p. I also note recent speculation JUP might be a potential takeover target. An article I stumbled across (published December) stated the company had not yet received an approach, but was “on the radar” of potential bidders. The article went on to say Jupiter has allegedly hired one of London’s leading investment boutiques to strengthen its defences against a potential takeover. So then, how does a company successfully fend off what would presumably be seen as a hostile approach? Offer shareholders a chunky special dividend? (yes please). Or perhaps increase existing dividend (unlikely given the already high yield). I sincerely hope they don’t go down the well-trodden path of buying back company shares (yawn) – I absolutely hate it. Buy Backs rarely benefit shareholders in monetary terms, the vast majority of these have no impact on share price whatsoever. Give me cash in pocket any day. All this is pure conjecture of course. Time will tell whether this is just wild speculation or not. Barring any takeover approach, and assuming we do see a recovery of sorts, I’d be disappointed not to see 270-290p come the end of this year. |
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