Share Name Share Symbol Market Type Share ISIN Share Description
St. James's Place Plc LSE:STJ London Ordinary Share GB0007669376 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -19.00 -1.68% 1,115.00 1,115.50 1,116.00 1,149.00 1,114.00 1,149.00 1,690,438 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 0.0 -84.6 33.0 33.8 5,959

St. James's Place Share Discussion Threads

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Broker snap: Panmure upbeat about St James's Place after Lloyds sale Thu 23 May 2013 Broker snap: Panmure upbeat about St James's Place after Lloyds sale LONDON (SHARECAST) - Shares in St James's Place (SJP) fell sharply on Thursday morning after Lloyds placed 77m shares in the wealth manager, but Panmure Gordon kept its 'buy' rating for the stock saying it still remains its top pick for 2013. Lloyds said the sale of a 15% stake follows the recent strong performance of SJP's share price and will improve SJP's liquidity by increasing its free float. Lloyds now owns just 21% of the company after cutting its stake in March. The placing was made at a price of 580p per share, some 9.3% lower than the closing price of 640p on Wednesday night. "As with the previous placing in March we view the latest placing as positive as it indicates that Lloyds is willing to further reduce its stake in SJP thus removing what we believe is an overhang on the SJP share price together with increasing the free float," said analyst Barrie Cornes. He said that improving equity markets will continue to help SJP grow its top line by 15-20% whilst the net asset value will also benefit from better investment markets. "We believe that the shares are likely to be under pressure in the very short term as a result of the placing, but believe that the anticipated weakness should be regarded as a buying opportunity." The target price for the shares has been lifted from 600p to 725p.
You're welcome, but if I am wrong then I am sure that someone will, and I do hope so, come along to correct me. There's three questions that I have which I would like someone to offer an opinion. 1. Why did Lloyds dispose of this amount of shares in one go? Were they under some form of obligation? 2. Given that the price was going up, was there not a demand for these or were they being ramped up as a 'feint'? 3. What do Lloyds intend to do with the remaining 110 million shares which is one and a half times what was dumped this morning?
Thank you for explaining this to me.
Basically it was Lloyds who held a huge amount of the STJ's shares sold a significant chunk. " Further to its announcement on 22 May 2013 of its intention to sell shares in St James's Place plc ('St James's Place', or the 'Company'), Lloyds Banking Group plc ('Lloyds', or the 'Group') announces that 77 million shares have been placed at a price of GBP5.80 per share (the 'Placing'). The gross proceeds of the Placing are approximately GBP450 million. Settlement of the Placing will take place on 29 May 2013. On completion, Lloyds will hold 110 million St James's Place shares (approximately 21 per cent of the Company's issued share capital). " Yesterday the share price was 640 or thereabouts and then Lloyds disposed of 15% of STJ's holding that it held raising half a billion pounds. Clearly the market wasn't able to take up 77 million shares at 640 so the effect of the whole lot being dumped onto the market was that the price fell about 60p. Then on top of that the market decided to shave off over 2% from the FTSE in a not very positive day which basically knocked another 7p or thereabouts off the price. So, there you have it - two reasons for the fall in price; the general market hic-cup and Lloyd's dumping the share. Now, the next question is why wasn't the share picked up at all? I got out when my stops were triggered but now I am not sure if this share is poisoned by factors that I am not aware of so I will be wary about going back in which is a shame as it was treating me nicely until this morning.
Can someone explain why the share has gone down so badly
lloyds placing 15%
Moving on up! Now 618p Why?
tommy ten chins
Excellent interim statement. Heading for ATH share price?
tommy ten chins
Just bought some at 507p These look excellent based on the numbers yield 2.5% Growth this year 70% PER 12
tommy ten chins
long term hold for me, regards
A forgotten thread; shame. STJ will profit from the retail distribution review (RDR), with so many financial advisers deciding to quit, leaving orphaned clients, and so many more leaving the independent sector to join a restricted adviser who will look after the compliance for them: a double bonus for St. James Place. If you are reading this before the price has jumped much further than where it got to on 31 October 2012, buy in to this sure thing. Oh, I almost forgot: those advisers joining will be buying shares too, pushing the price up more.
2nd quarter new business figures due out Thursday 28th july
Long STJ /short LLOY? LLOY seem to own this by 60%.
Done very well, beating markets all of 2011.. is there much more to come. - eg, how can they be doing so well with the markets weak? H.
Could be more to come with results due Wednesday :-D RM
A 3year closeing high , looks very good.
A 3year closeing high , looks very good.
Like the look of this one - chart is saying it all here. Onward and upward.
Must be tempting for Lloyds with share price breaking out towards 3 year high. RM
27bn under management. Many partners well advanced on 2012 deadline diploma qualification. Partner numbers up. 12 broker recommendations currently all BUY. Lloyds must cash in? Like GB with the gold reserves..
Old joel, great find. Biggest problem, lloyds overhang. F T online today, lloyds mulling selling all or half of stake!!! Could be great news.
Keep an eye on this one tipped tonight over the road, featured it here before.... STARlight: St James's Place Wed, 12/01/2011 - 00:00 | John Mulligan Recent price: 279p | Actual PER: 34.0 | Ind Div Yield: 1.8% Business background This week, the STAR filters have thrown up the wealth management group St James's Place (STJ) as appearing attractive in terms of medium-term earnings growth combined with a low valuation. I have to say that the appearance of an insurance-based share creates problems from the viewpoint of analysis, as insurance companies manage to get away with producing extremely opaque results that make it very difficult for outsiders to get behind the headline figures. The difficulty is that none of the listed insurance companies provide any readily usable data on turnover, the geographical split of their businesses or any detailed breakdown of their investments and borrowings. As the performance and allocation of their investment portfolios is a key aspect of their business model, this absence of information impedes a full assessment of business potential although some enterprise value information can usually be estimated. St James's Place is a provider of insurance products, financial services and general wealth management services that are focused on higher net worth clients. The group was set up some 20 years ago as the J Rothschild Assurance Group by Mark Weinberg, Lord Rothschild and his colleague from Hambro Life, Mike Wilson. In the early days of the company, Weinberg and Wilson recruited top selling financial advisers from their old company and from elsewhere within the UK financial services field. The selected sales people, preferably known as advisers within the group, formed the key St James's customer management partnership team. In 1997, within some six years of establishment, the group, which was then known as St James's Place Capital, floated on the LSE main market. In 2000, HBOS took a share stake of approximately 60% in the group and this interest has been retained by Lloyds Banking Group (LLOY). Annual results for 2009 The company's financial year is the same as the calendar year, so the last full-year results relate to 2009. It is impressive that, in a difficult year, St James' Place managed to raise total funds under management by just over 30%, from £16.3 billion to £21.4 billion and to increase the net inflow of funds by some 35% from £1.7 billion in 2008 to £2.3 billion in 2009. It seems that financial problems at the global and national level combined with increasing market volatility increased the number of clients seeking to shelter under St James's wealth management umbrella. Growth in new business was also aided by the rise of some 9% in the number of St James's partners advising clients. However, despite these encouraging business statistics pre-tax profits for the full year actually fell by almost 40% and earnings per share dropped by a trifle more. Recent results The most recent results from St James's Place relate to those for the third quarter, released on 2 November 2010. The company's statement on that date indicated that the third quarter reflected another excellent trading period for the group with the combination of the global recovery in markets added to new business raising the total value of funds under management to £24.8 billion. This represented an increase of approximately 10% in the three month period. The company also reported the value of single investments in the period amounted to some £1.1 billion, an increase of 32% over the previous year although the growth in single premium pensions was slightly less at 27% in the period. As at 30 September 2010, the European Embedded Value (EEV) of the group was approximately 320p per share against a share price at that time of 273p. Outlook for 2011 and beyond The sustained recovery in equity markets in conjunction with a significant level of global economic and financial uncertainty provides a perfect environment for a wealth management group such as St James's Place. The group's ability to retain around 95% of their existing clients combined with the growth in sales and advisory staff operating in an environment of equity market recovery suggests that St James' Place will in all probability continue to grow profits and EV over the next year or two. It seems likely that the EV for the year just ended will nearer 330p than 320p when the next preliminary announcement is made on 24 February. The current relatively low market rating of the group does seem to undervalue the potential given the group's impressive record at building and retaining investment business. Pros and cons It is obvious that St James's Place has built up a quality wealth management business over the past couple of decades. However, the stockmarket is not enamoured with insurance based businesses as can be seen by reference to the ratings for the larger groups such as Aviva (AV.), Prudential (PRU) and Standard Life (SL.). One other aspect is the probability that Lloyds Banking Group will, in due course, be required to sell its 60% stake in the company. To a certain extent, this possibility may have acted as a brake on the St James's Place share price although, on the other hand, the announcement of a decision to sell this large holding would focus attention on the underlying value of the business.
old joe1
RTT 05/01/11 07:37 St James's Place PLC (STJ) St James's Place started with buy rating at UBS, target price 334p
mechanical trader
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