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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| St. James's Place Plc | STJ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 14.40 | 3.42% | 435.40 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 426.00 | 426.00 | 437.20 | 435.40 | 421.00 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/02/2024 | Final | GBP | 0.08 | 25/04/2024 | 26/04/2024 | 24/05/2024 |
| 27/07/2023 | Interim | GBP | 0.1583 | 24/08/2023 | 25/08/2023 | 22/09/2023 |
| 28/02/2023 | Final | GBP | 0.3719 | 04/05/2023 | 05/05/2023 | 31/05/2023 |
| 24/02/2022 | Interim | GBP | 0.1559 | 25/08/2022 | 26/08/2022 | 23/09/2022 |
| 24/02/2022 | Final | GBP | 0.4041 | 28/04/2022 | 29/04/2022 | 27/05/2022 |
| 28/07/2021 | Interim | GBP | 0.1155 | 26/08/2021 | 27/08/2021 | 24/09/2021 |
| 25/02/2021 | Final | GBP | 0.3849 | 15/04/2021 | 16/04/2021 | 21/05/2021 |
| 25/02/2021 | Interim | GBP | 0.1122 | 04/03/2021 | 05/03/2021 | 24/03/2021 |
| 27/02/2020 | Final | GBP | 0.2 | 07/05/2020 | 11/05/2020 | 27/05/2020 |
| 23/10/2018 | Interim | GBP | 0.1849 | 29/08/2019 | 30/08/2019 | 27/09/2019 |
| Top Posts |
|---|
Posted at 10/4/2024 22:22 by jakleeds Merchants trust sells SJP citing potential client confusion over fee overhaulInvestment trust Merchants sells SJP as managers warn of ‘operational difficulties, customer and partner confusion and further regulatory intervention’. The strong post-pandemic performance of a £792.1m investment trust stalled last year after it suffered a double blow from the intervention of the FCA against two of its holdings. Fund managers Simon Gergel, Richard Knight and Andrew Koch took the ‘difficult decision’ to sell St James’s Place (SJP) from investment trust Merchants (MRCH) after the FCA forced the national advice firm to overhaul its charges. The company, which Merchants had held since 2018, subsequently set aside £426m to refund clients who had paid for but not received ongoing advice – a move that required SJP to halve its dividend. The managers ditched the stock before then but, with the shares going on to halve in the 12 months to 31 January, Merchants reported SJP’s woes had knocked 1.1% of its annual return. Writing in the annual report, they said the new business model would be good for consumers and ultimately might shore up SJP’s market position, but in the short to medium term would create big risks and uncertainties. ‘There is a lengthy delay until the changes take effect, and in the meantime there are risks of operational difficulties, customer and partner confusion, and further regulatory intervention,’ they said. ‘Investors must also become comfortable with a very material step down in cash generation when the new model begins, before growing relatively strongly in the following years. This unusual profile of cash generation creates additional uncertainty.’ Wealth manager Close Brothers also weighed on the portfolio, knocking 0.7% off Merchants’ annual return after the FCA launched a review of historic commissions paid by the company for selling car finance that could have ‘a material impact on the company’. ‘Other issues, such as the impact of lower asset prices in its wealth management business, are more normal, cyclical concerns. But the combination of events this year had a major impact on the shares,’ said the management trio. In what chair Colin Clark called a ‘disappointing Merchants’ record remains strong, with the latest data at 8 April showing net asset value (NAV) growth of 25.3% and 46.6% over three and five years, respectively, ahead of the All-Share’s 21.8% and 27.2%. A recent weakening in the shares has seen them slip to a 3.6% discount to NAV, reducing shareholder returns to 19.1% and 39.4% over three and five years. Despite the stock setbacks, income from the portfolio was strong, with revenue earnings per share rising 6.3% to a record 30.5p. This enabled the board to declare a final dividend of 7.1p, giving a total payout for the year of 28.4p, up 2.9% on the 27.6p paid in the previous year. The 5%-yielding ‘dividend hero’ of the Association of Investment Companies has now paid a consistently rising dividend for 42 years. |
Posted at 08/4/2024 20:50 by dexdringle Goes ex div on 25th April for the final dividend of 8p. It should have been around 40p.The board don't seem to be doing much positive stuff just now. Or, if they are, they're keeping it to themselves. |
Posted at 08/4/2024 17:16 by action Divi due soon. Also relegation is also due. |
Posted at 08/3/2024 00:29 by alfred neuman How are you getting a 10% return if you bought at over £10_______ dexdringle - 07 Mar 2024 - 15:32:54 - 824 of 825 I have a significant number of these at over £10. Thinking at the time of buying "well, if they don't go back up to £17, at least I'm still getting a 50p (5%) dividend". |
Posted at 06/3/2024 11:35 by jackdaw4243 The I C is saying all the bad news is out and suggesting that STJ is a buy so I opened a modest position yesterday. True to form I C had it wrong, silly me another share for the bottom draw to be opened in 5 years time. |
Posted at 01/3/2024 10:54 by dexdringle QP, you're right, yes I did say £8.75.. Thanks for going back and checking though. It's much appreciated 🤣That was before the disastrous dividend cut and restitution provision this week of course. The new CEO is kitchen sinking the whole piece as they do. The old CEO must be laughing all the way to the bank. His buy of shares Amy £6 was presumably done out of embarrassment at that point. Obviously, no one is going to offer £8.75 when the prevailing price is £5. The likely buy out price needs to be adjusted according. The fall from £12 to £8 then to £6.50 was odd. Now we know why. It would be interesting to see who was selling at £12, £11, £10. It is likely they had more 'detailed' information than everyone else.... |
Posted at 01/3/2024 10:18 by dexdringle If they carry on making £400M net profit per annum and paying an 18p dividend costing £100M per annum then, unless there is more restitution than the £410M provision, there will be £200M to £300M for buybacks in future years.Each £100M buys back 20M shares at £5 a share. So potentially buying back 60M shares per annum which is over 10% of shares in issue. Each year. By end of 2027 the shares in issue will be down to 400M and, at £400M profit per annum, that's £1 per share. A PE ratio of 5. With current Enterprise Value at £11 a share, Private Equity must be looking at this now and taking a medium term view. I wouldn't rule out a cheeky £7 a share bid..... |
Posted at 28/2/2024 12:27 by eigthwonder Whether Tesco charge an exit fee or not, you are able to take your business elsewhere, if STJ were running the store they would wheel clamp your car and throw the keys down the drain |
Posted at 28/2/2024 09:16 by benny shares "Change in future dividend guidance"Basically, this is the last one |
Posted at 28/2/2024 08:13 by quepassa oh dear........1. "Provision of £426.0 million pre-tax (£323.7 million post-tax) established for potential client refunds linked to the historic evidencing and delivery of ongoing servicing ยท IFRS loss after tax £(9.9) million (2022: £407.2 million profit)" and 2. " Final dividend of 8.00 pence per share (2022: 37.19 pence per share), resulting in full year dividend of 23.83 pence per share (2022: 52.78 pence per share)" deary, deary me all imo. dyor. qp |
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