St. James's Place Share Discussion Threads

[wbodger] 10/12/2024 17:02

Jak, you were talking it down when the price was £4-ish Hope no one listened then, they'd have missed the 100% gain.

[the millipede] 07/12/2024 00:42

The key is compulsory, not voluntary redundancies.

[tim 3] 06/12/2024 00:23

Agree dex have seen many firms do this and the best staff are the ones they lose.

[jakleeds] 06/12/2024 00:00

They already have about 200 contractors dealing with complaints. They are inundated, drowning, with so much to deal with.

I suspect they will try to keep many of the 500 staff they are making redundant, on as contractors. So much cheaper, no sick pay, no pension contributions, no paid holidays , etc etc.

It’s SJP. They are being forced to lower their charges from July next year. Apparently they’ve lost around 330 advisers in the last year. Wow.

This is a massive disaster still waiting to happen.

[dexdringle] 05/12/2024 19:12

SJP have far too many 'managers' on the staf - most earning way too much money. They can lose 500 of those without even noticing.

My fear though is that they will instead lose 500 lower paid people. Typically the ones who actually know what they are doing and who actually do all of the work !

[cherryandwhite1] 05/12/2024 17:37

This will fall out of the ftse 100 before it even gets in there. 🤣🤣

[jakleeds] 02/12/2024 10:31

SJP making 500 people redundant in Feb 25 !! That’s a big cut

[dexdringle] 29/11/2024 14:14

I cannot understand why SJP didn't simply create a Real Estate Investment Trust (or similar).

Open ended property funds are always a liquidity disaster.

[the millipede] 29/11/2024 12:22

There is only one investment house that has never been forced to restrict withdrawals from property funds (Royal London, if you are interested). Agree it is a good idea not to offer them.

[tim 3] 27/11/2024 20:00

Good property funds never a good idea

[action] 17/10/2024 10:26

AJ BELL reported record funds under management.. Only waybis up for market now.. lot of money slushing around...

[action] 17/10/2024 08:07

Record fund under management in 3rd qtr ...1000p now on cards... May be even 1200p....

[wbodger] 16/10/2024 16:59

Charts above are spectacular since about April.

[dexdringle] 16/10/2024 08:53

£12 was too high. £4 was too low.

£8 is the Goldilocks number.

[action] 16/10/2024 07:18

800p reached. Now 900p

[dexdringle] 15/10/2024 13:51

Perhaps we are building up to a takeover with someone accumulating all the way up from £4 ? 🤔

[fillipe] 15/10/2024 12:46

795.5p now being regularly paid.

f

[yf23_1] 15/10/2024 07:10

Looking good so far.

[action] 09/10/2024 14:04

756p reached. Now 800p...

[bg23] 02/10/2024 12:30

the Value assessment report is an FCA required document.

To provide value a fund has to perform within 1% of its comparable indices. On the basis that SJP funds are reported inclusive of fund, platform and ongoing advice charges, its hardly a surprise that their funds underperform an indices with no costs deducted.

that said, comparisons in future years will be more realistic when the simplified charging structure is bought in.

Realistically, I think the regulator needs to consider its definition of value in this context, not just in relation to SJP, but the whole industry.

[tim 3] 28/9/2024 08:05

Yes I thought it was really strange, why would a company release a report saying how bad they were !

[dexdringle] 28/9/2024 06:49

"The vast majority of funds run by St James’s Place “delivered insufficient value”"

....and later in the same article....

"Looking across all funds, 13 of the 39 funds run by St James’s Place were deemed to be failing to deliver value – a 33 per cent failure rate"

And all this was decided INTERNALLY by SJP not by some critical external body. So, it's more self flagellation from SJP 🙄.

I suppose if you tell everyone you're hopeless they can hardly then criticise you for being hopeless.

This is a takeover target now at £10 for new owners to swan in and make some simple changes to improve matters and unlock the potential....

[action] 27/9/2024 21:57

Now Monday southwards move. I was looking forward to 755p and next 800p