St. James's Place Share Discussion Threads

[melody9999] 20/12/2013 14:00

Hi Chatter - I suspect this will do well in 2014 - because if shares have a good year next year due to the recovery, people such as St James will do well as more money come into the market.

[chatterbox] 20/12/2013 11:58

Help needed - do you think this will now take a breather or should I keep hold?

[steeplejack] 10/12/2013 12:04

21%,entire Lloyds holding placed at 630p.Technically stock through resistance at 640p,blue skies ahead once placing digested.

[luckymouse] 02/12/2013 10:44

Theres a story on silobreaker that lloyds are going to sell at least 12% of STJ

What do folks think? Mopped up easily by institutions or a small price fall?

Any opinions welcome

[broadwood] 25/10/2013 07:48

JP Morgan Cazenove St James's Place PLC 25/10/2013
Retains
Overweight Overweight 0 662.00 724.00 679.00 62 2

[broadwood] 24/10/2013 07:28

St James's Place FuM up 20% since start of year

[broadwood] 24/10/2013 07:22

Very strong statement. Off to the races again.

[broadwood] 05/8/2013 17:14

David Lamb, the Managing Director of wealth management firm St James's Place sold nearly 1.2m pounds of shares in the company after exercising options as part of the company's performance share plan (PSP).

Lamb, who joined the firm back in 1992 and the board in December 2007, exercised 185,285 nil cost options under the 2005 PSP on Friday after meeting certain performance targets.

The shares were then sold, 87,084 of which were disposed of in a separate transaction to meet the cost of income tax and national insurance costs payable on the exercise of the awards.

The sales were made at a price of 632.23p a share, with both transactions totalling £1.17m.

His holding was maintained at 415.003 shares.

Earlier in the week, the company impressed the market with its interim results reporting a 21% increase in total new business on an annual premium equivalent basis to £426.5m. Funds under management jumped 29% to £39.9bn, while the company raised its first-half dividend by 50% to 6.38p a share.

The stock has jumped by 50% so far this year.

[broadwood] 31/7/2013 07:20

Strong numbers. Upgrades?


Alongside these new business numbers, through a combination of the positive performance of our client's investment funds, supported by more stable market conditions, and the continued retention of existing funds under management, we continue to experience substantial growth in the cash returns from those longer term funds. Consequently the Board has increased the interim dividend by 50%

[broadwood] 12/7/2013 09:48

Nomura St James's Place PLC 12/07/2013 Upgrades Neutral Buy 2 370.00 668.00 581.00 298 2

[broadwood] 29/5/2013 11:45

LONDON (SHARECAST) - 1106: Kazakhmys, Evraz, ENRC, National Express and Spirent Communications are to be evicted from the Stoxx 600 on June 24th, the market compiler has announced. Resolution, St.James's Place Capital, International Personal Finance, Home Retail, Dixons Retail and Thomas Cook will join in their stead as well as in exchange for other components. FTSE 100 down 81 to 6,682.

[tommy ten chins] 28/5/2013 08:22

Broadwood thanks for the post (No 49).
I was shocked to see a 7% fall in one day (I think it was).
Once I realised that the price had fallen to just below the placing price I bought some more. Its a shame this stopped out Malcome and it seems all a bit odd as it was expected so why the fall?

[bu7ns] 24/5/2013 20:00

To be fair to Lloyds, they inherited SJP shares from Halifax so these shares were never meant to be in their long term plans (non core assets). Hopefully the placing will have the same effect as last time. Good luck all!

[malcolmsm1th] 24/5/2013 09:40

None required, Broadwood. The problem is, as ever, keeping track on all the information out there and it's easy to miss stuff from various announcements anyway.

I have this one back on a watch list, of course, what's to stop Lloyds doing the same trick again?

[broadwood] 24/5/2013 09:07

Malcolm - apologies. Apparently Lloyds had entered into an agreement not to sell more shares within a specific timespan - which it apparently ignored.

[broadwood] 24/5/2013 08:08

Netted a few at the off. Expect them to recover gently over the next few weeks .although probably will still be a bit of weakness as those shares find their way back onto the market

[broadwood] 23/5/2013 22:40

Everyone should have known Lloyds was reducing its stake. Its not as though they havn't already indicated they would be doing so as one means of improving their own capital ratio as required by the regulator.

[malcolmsm1th] 23/5/2013 20:57

Thanks. So, an act of kindness say Lloyds...

[bu7ns] 23/5/2013 20:45

The placing at £5.80 was fully taken up by institutional investors.

[broadwood] 23/5/2013 20:31

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.

[malcolmsm1th] 23/5/2013 20:06

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?

[chatterbox] 23/5/2013 19:41

Thank you for explaining this to me.

[malcolmsm1th] 23/5/2013 17:50

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.

[chatterbox] 23/5/2013 17:30

Can someone explain why the share has gone down so badly

[tonysss13] 22/5/2013 16:45

lloyds placing 15%