St. James's Place Share Discussion Threads

[dexdringle] 15/5/2025 08:55:11

《《298; James Rainbow joined St. James's Place on 1 April 2025 as a member of the Group Executive Committee. On 12 May 2025, James was granted the following nil-cost options over, in aggregate, 202,907 Ordinary Shares of 15 pence each (a "Share") in respect of the buy-out of awards that James forfeited on leaving his previous employment 》》299;

If this bloke is worth £2 million before he's even lifted a pen, I'm expecting amazing things from him.....

[scotch broth] 24/4/2025 09:59:17

Strong update this morning but tempered by possibility of a Trump recession. Fund managers do badly in a recession. I am holding for now..

[wbodger] 07/4/2025 09:17:33

There we are, portfolio reset. It will look ridiculous in a year.

[wbodger] 05/4/2025 07:34:54

Ouch. Everything down, STJ down 19.1% on the week, by no means the worst on my watching board. Didn't help to have that happen at fiscal year end. A Corporal Jones moment, don't panic.

Interesting prospects now, and a tidal wave on Monday as the new FY starts.

Market needs one of those every so often.

[dassera] 03/3/2025 11:59:25

They did buy back c.4.5m at 716p in August and September 2024. Authorised on 15 May but probably bad form to have front run the half-year results on 30 July.

[dexdringle] 28/2/2025 15:56:51

....six months too late. They should have been doing that at £5 a share 🙄

[muffster] 28/2/2025 07:07:09

Further to the announcement made on 27 February 2025, St. James's Place plc (the Company) announces that it is commencing a share buy-back programme to repurchase its ordinary shares, subject to a maximum consideration of £92.6 million. The programme will begin on 28 February 2025 and end no later than 30 June 2025. The sole purpose of the buy-back programme is to reduce the capital of the Company. 

[dexdringle] 19/2/2025 21:01:19

It's insane. Effectively £12 to £4 and then back to £12 in under 2 years !!

Has there ever been a FTSE 100 business that has gone down two thirds, and then trebled back to where it started, in such a short space of time ?

[woodpeckers] 19/2/2025 19:28:44

What an amazing long term chart...you don't often see that...

[dexdringle] 05/2/2025 21:11:57

Isn't it just. I bought Rolls Royce shares at 90p and sold for £1.30 thinking that was a nice profit. Then, not long afterwards, they went to £5+ 🙄

[tim 3] 05/2/2025 17:27:09

dexSure but hindsight is a great thing!

[fillipe] 05/2/2025 16:37:54

Me also at £11, but we're getting there.

f

[dexdringle] 05/2/2025 13:37:13

Yes, it's part of a portfolio but it is around 15% of that portfolio.

Would have been nice to have bought at £5 though not £11 !

[tim 3] 05/2/2025 11:44:24

Nice one dex well done for holding on.I assume it's part of a portfolio and not all your investment capital which would be pretty high risk ,you never know for sure what's round the corner even with a fairly low risk share like these ?

[fillipe] 05/2/2025 11:03:16

STJ being steadily well bought.

f

[dexdringle] 31/1/2025 14:19:30

Well done to those who bought in the £4 to £6 range a few months ago.

Sadly I didn't as I was already way over stretched with these at an average of nearly £11 a share but am happy to be approaching my break even none the less. At £4, with 7,000 shares I was down just under £50k.

[mansell59] 31/1/2025 10:23:54

This stock will be heading north of £15 later this year!!

[woodpeckers] 31/1/2025 10:06:19

Liberum: SJP remains ‘desperately undervalued’
St James’s Place (STJ) may have enjoyed a strong rally but the shares are still undervalued versus its potential, says Liberum.

Analyst Rae Maile retained his ‘buy’ recommendation and target price of £14 on the Citywire Elite Companies A-rated wealth management group, which was trading up 8.1% at £10.05 on Thursday morning after a strong final quarter took assets to a record £190bn.

Gross flows in the final three months of 2024 represented the strongest quarter of the year at £5.5bn, with net inflows of £1.5bn, making it the strongest quarter since the beginning of 2023.

‘The introduction of new pricing structures will come in the next few months and a concern has been that this would mean a hiatus in business production,’ said Maile.

‘There has been no hiatus. The new pricing structure will be simpler and comparable to peers. The old pricing structure has delivered growth well ahead of industry peers over the last 30 years.’

He said it was hard to see that the ‘new and improved’ charges should ‘do worse than the old and inferior’.

‘This underpins the company’s target of doubling cash profits by 2030,’ said Maile.

‘The shares have rallied hard from a too-low base but remain desperately undervalued compared with the potential of the company.’

[fillipe] 30/1/2025 22:57:28

Lovely 101p STJ upward stride today.

f.

[action] 30/1/2025 14:49:08

Sold out GLA...

[the millipede] 30/1/2025 09:56:57

Probably going to sound weird, but I don’t actually think performance is that important to many SJP customers. I know quite a few who like their advisers, are happy with the risk profile, and don’t really care about anything else.

I think the adviser network is basically a huge moat for SJP that acts to prevent people moving. Very clever, really.

The net inflows are consistent with this and are definitely worth contrasting with some other asset managers. Eg Liontrust still reporting £2bn yearly outflows. No sign of a slow down there!

This was my second best trade of 2024, and I think 2025 will be good too.

[action] 30/1/2025 08:01:48

In auction

[dexdringle] 15/1/2025 09:04:57

Yes, that's very poor.

Given that SJP don't make investment decisions themselves, but instead outsource those decisions to 'the best' fund managers in each area (including all of those on the list), something is clearly amiss.

It is like choosing from all of the best footballers in the world and creating a team that is near the bottom of the league.

Their process for establishing 'best' is flawed. Either that or 'best' is a game of whack-a-mole.