St. James's Place Share Discussion Threads

[jamesgkenny] 30/9/2009 10:18

Next results will be very good but something else is driving up the share price on relatively thin trade. Barclay's running the rule over this having looked at Standard Life and passed over ?

[slapdash] 29/9/2009 15:24

riskblue & Stoaty

- put simply these kind of stocks are simply leveraged plays on the equity markets.... people are rushing to equities given a number of reasons
1) Inflation threat and equities are an inflation hedge as real assets
2) Stock market recovery - nothing makes people want to own something like its price going up
3) Low interest rates on savings accounts

THUS St James will get loads of commissions and fees from everyone running back to equities.... important to note typically they get a % of their clients assets so if the markets go up 30% their annual fee goes up likewise...

I wanted to buy some but only bought PM and got a poor price.... whether it is a poor price in the long-run we shall see.....

Slap

[stoaty1] 29/9/2009 15:12

I think it is just that stj are so cheap and this quarter could be one of the best , market conditions being favorable ,funds under management growth and so on.

[riskblue] 29/9/2009 14:40

very interesting movement today. Are there rumours about what Lloyds are intending to do with SJP? Something is clearly causing the interest. Must be good news.

[mroalan] 17/9/2009 20:42

caught my eye today.

[pixi] 11/9/2009 16:59

I bought today following my research last night, its an excellent looking chart with great upside potential.

[ssords] 07/8/2009 19:34

Just come across this when saw their advert 6.2% on deposit a/cs in their local office window. Thought would look at co. behind.
Can anybody give me a short intro to company and future prospects (as you see them - iyoo)

Ssords

[blackadder30] 07/7/2009 17:56

LLOY believes that STJ provides a direct threat to its in house wealth management offering and will have to decide which brand to keep hold of - only one wins the true Wealth Management badge - and thats STJ. LLOY have never really had a handle on the HNW investor.
LLOY may well sell - 221p I believe is a target price for them to sell at.
STJ internally has suffered (as with all investment/ wealth/ fund managers) with its funds under management being reduced due to market conditions but they've had a very strong recruitment process in operation with new Partners more than covering the gap in the funds under management.
Buy at anything below 195p and the return could well follow this year - but as always DYOR!!

[riskblue] 09/6/2009 21:42

I suspect Lloyds will be looking to offload SJP as it has potential to make them some money. This could help the share price continue its slow movement north in recent days.

[blackadder30] 29/1/2009 19:03

STJ as a business is performing like never before. Given that savers are moving from deposit based 'almost nil returns' to a stock market that has a good medium term return in the pipeline - STJ is prime to reap some good rewards.
LTSB has never had access to such a brand in its portfolio and now that STJ falls under the new Lloyds Group, its not up to 'HBoS that was' to decide what to with this one - Lloyds Group may well want to hang onto STJ.

[stoaty1] 22/1/2009 07:45

matthewa, excellent results under the circs ! this quarter could prove very good, deposit rates so low and more stable markets .

[matthewa] 18/1/2009 11:00

Any thoguhts on impending results?

[tell it as it is] 11/6/2008 22:49

With the HBOS rights issue now looking like being left with the underwriters (closing price 258p today vs rights at 275p)it's hard to see that HBOS won't itself rapidly be a takeover target with £4 billion of its stock with underwriters who will want to get rid of it to anyone. HBOS will therefore be desperate to find ways of bolstering its share price so a sale of STJ looks more on the cards.

[tourist07] 30/4/2008 09:00

Interesting, both insurers and asset managers weak over the last month but STJ holding up. A lot of retail money has come out of equities in the first quarter so I wonder how their model is holding up ... what happens when growth drops below 15-20% guidance, if it does?

Am starting to look at these as a good short candidate over a 3-6mth timeframe. Any other thoughts?

Edit: Should have read the RNS's, which I now have. On fundamentals, yes this looks like a screaming short now - business falling off, negative returns on Funds under Management .... BUT, speculation over spin-off from HBOS putting a light under the share price ... interesting.

Looks like a two way bet at the moment, lol!

[tourist07] 30/3/2008 20:39

On the sidelines too ... will be seeing my "partner" at SJP next week so I'll see how they see things.

[hectorp] 28/3/2008 09:15

Well done, I'm on the sidelines here again, not sure of direction.
Will lurk.

[tourist07] 14/3/2008 11:27

Well, during the week I managed to buy at £2.38 ... two days later it was at £2.61 ... too good to resist, so I've been in and out again. Will be a buyer below £2.40 again. I feel support will be in the £2.20 to £2.30 range so limited downside.

[hectorp] 14/3/2008 09:18

Mediochre week performance wise,
back testing recent support, which I expect to hold IMO

[hectorp] 29/2/2008 08:29

Well the bank reporting season is over with no really bad skeletons, but it could be a time to be in other financially related sub-sectors.
eg STJ looks more sound now than it has been.

[hectorp] 26/2/2008 13:12

edited above, in fact they did use challenging in the full results statement, as all markets just now are challenging,
But there is nothing that suggests it will be any more difficult than expected.

[hectorp] 26/2/2008 08:43

Nice tight spread, as low as 0.25p just a few mins ago.

[inv] 26/2/2008 08:17

this will fly

[hectorp] 26/2/2008 07:44

NO skeletons: NO 'challenging conditions'. Dividend up 13%.
Double digit growth with no obvious barrier to this continuing.

[hectorp] 26/2/2008 07:43

Excellent Interim results:

Operating profit of £244.7 million (2006: £176.0 million) up 39%

• New business profits of £150.9 million (2006: £115.2 million) up 31%

• Net asset value per share 252.5 pence (2006: 222.6 pence) up 13%

- IFRS basis

• Profit before shareholder tax of £96.1 million (2006: £107.6 million)

• Net asset value per share 92.9 pence (2006: 82.4 pence) up 13%

Dividend

• Proposed final dividend of 2.55p per share up 19% making a total dividend
for the year of 4.3p (2006: 3.65p) an increase of 18%.

[hectorp] 22/2/2008 08:53

You'd really expect this to knock spots off the share price.
It has not done so.