St. James's Place Share Discussion Threads

[v11slr] 25/1/2010 17:37

Numis Upgrades St James's Place To Add From Hold

1143 GMT [Dow Jones] Numis Securities upgrades St James's Place (STJ.LN) to add from hold and raises the target price to 315p from 279p. Numis notes the company delivered a very strong set of 4Q new business figures, beating consensus by 25% and last year's figures by 38%. "Following a detailed review of the numbers and having spoken with management, we are confident that a good part of this productivity improvement should continue into this year and there shouldn't be a negative impact on margins." Numis says the shares remain good value at the current price. Shares +1% at 273p.

[jamesgkenny] 23/1/2010 14:57

lloyds wants to offload because they dont fit in the lloyds business model.

ie
SJP is debt free has 21bn uder management and is very successful

Santander and Handelsbanken in the wings?

[stoaty1] 21/1/2010 07:16

A superb set of figures on every metric, only pension sales down, but due to change in limits for high earners. Share price should be so much higher imo!

[jamesgkenny] 19/1/2010 12:58

Interims out Thursday and SJP hold annual company conference at 02 arena Friday.

[v11slr] 13/1/2010 21:04

BofA Merrill Lynch Ups St James's Place To Buy

0820 GMT [Dow Jones] Bank of America Merrill Lynch ups St James's Place (STJ.LN) to buy from neutral and target to 316p from 287p. The brokerage increases its '10 EPS estimate to 18.76p from 16.34p and its '11 EPS estimate to 22.34p from 19.70p, to reflect the higher level of assets under management, saying it estimates 25% higher assets at end '09 vs end '08. Says the target increase is a result of these higher estimates and implies more than 20% total return over the next 12 months. Says this warrants the rating upgrade. Shares +2.7% at 276p.

[jamesgkenny] 07/1/2010 14:47

pixi
you were saying....

[jamesgkenny] 21/12/2009 16:39

25 new recruits from Edward Jones on the SJP training course currently.
Would assume they have cherry picked the ones with the wealthiest clients

[jamesgkenny] 11/11/2009 09:17

I know someone who is.....

[stoaty1] 10/11/2009 08:14

james, are you a sjp partner?

[jamesgkenny] 07/11/2009 13:49

Q3 results do not include SJP's 2nd best new business month ever...

October 2009

[slapdash] 03/11/2009 08:00

according to what I am reading figures at the higher end of expectations...

[stoaty1] 03/11/2009 07:16

Figures look very good to me, perhaps the share price will follow.

[slapdash] 21/10/2009 20:21

not necessarily as if they could sell it they would have to have less of a rights issue..... Not sure either way... I think quarterly update is in November... I think given Lloyds is reducing maybe market doesn't like that???? But overall market increase should be very positive for the company..

this could dip to 250p but I think I will hold on for rise over the longer-term and the stock rebound...

Slap

[jamesgkenny] 21/10/2009 16:16

Lloyds reduced their stake by less than half of one per cent but yes its possible that they want to sell more. They just sold their private client wealth management interests in HBOS and Lloyds Bank to Rathbones though. It looks more likely that Lloyds have decided to keep this as a jewel in the crown...

[slapdash] 21/10/2009 08:58

yesterday's RNS appears to show Lloyds reducing its stake... they need cash I guess... key is whether this is now "in play" which I imagine it is... given rising markets and money moving into equities given higher taxes and low interest rates I would imagine there would be lots of institutions keen to buy St James...

Any thoughts????

Slap

[jamesgkenny] 20/10/2009 16:26

some volume this afternoon and a late sell off
could be 320 by 3q results hopefully next wednesday

[slapdash] 20/10/2009 08:28

this is probably read across from Hargreaves Lansdown???

[slapdash] 16/10/2009 15:58

good results for Brooks Macdonald... read across hopefully....

[slapdash] 15/10/2009 08:26

bring it on... she knows she wants to take out £3....slapper

[slapdash] 13/10/2009 11:58

they are hiring... probably due to influx of business???? Or could be they just want people with clients at the moment???? Ad suggests the former....

Slap

[slapdash] 12/10/2009 12:00

FTSE at year's high.. people will start piling in soon... STJ will do well and especially with the higher taxes avoidance that people will be seeking as you say..... Stoaty... last FoM was 16.9bn but appears to be increasing relatively quickly...... i.e. up from the previous quarter.... this quarter will probably be very strong increase.... I noticed in the last quarter that new business inflow WAS UP 25%..... does bode well... slap

[stoaty1] 12/10/2009 11:43

In this enviroment, results could be very good for this quarter, reported in approx 2 weeks, and the next few to come. Funds under management , at 20 billion, are at an all time high. Last time they were near 20 billion share price was 4.80!!!! With high taxation round the corner and low interest rates, stj will be very busy and profitable. Short to med term could be very positive.

[slapdash] 12/10/2009 11:16

market reaches new highs so does this.... leveraged play on the market... as stated before....slap