St. James's Place Share Discussion Threads

[action] 27/7/2023 12:09

Bght some Gain . LOL

[action] 27/7/2023 10:20

Bght some.

[wad collector] 27/7/2023 09:21

Half year underwhelming....

NNOUNCEMENT OF HALF-YEAR RESULTS FOR THE SIX MONTHSED 30 JUNE 2023

RECORD FUNDS UNDER MANAGEMENT AND STRONG FINANCIAL RESULTS

St. James ' s Place plc (SJP) today issues its interim results for the six months ended 30 June 2023:

New investment and funds under management

-- Gross inflows of GBP8.0 billion (2022: GBP9.1 billion)
-- Continued strong retention of client funds at 95.6% (1)
-- Net inflows of GBP3.4 billion (2022: GBP5.5 billion), representing 4.6% of opening FUM (annualised)

-- Group funds under management of GBP157.5 billion (31 December 2022: GBP148.4 billion)
Financial highlights and dividend

-- Underlying cash result GBP207.1 million (2022: GBP198.8 million)(2)
-- IFRS profit after tax GBP161.7 million (2022: GBP208.2 million)(3)
-- Interim dividend of 15.83 pence per share (2022: 15.59 pence), representing 30% of prior full year dividend

[fillipe] 14/4/2023 12:00

Quietly ticking up after the recent dip.

f.

[fillipe] 14/3/2023 13:42

A nice rising after the recent drop.

f

[dassera] 18/11/2022 08:58

St James’s Place issued an update on new business inflows and funds under management for the three months ended 30 September 2022. It was another strong quarter for St. James's Place, gross inflows were £4.05 billion, only modestly lower than a record comparative period in 2021. Retention remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion down from £148.06 billion a year earlier. The fall was due to investment performance given the ongoing bear markets in both bonds and equities. Share price is down over 40% so far in this bear market, valuation is starting to look more reasonable with forward PE ratio at 14.3x. But the macro environment continues to pose risks to markets, the share price remains in a correction which could extend significantly. STJ is a share to monitor for now.

St. James's Place plc is a United Kingdom-based company which is engaged in wealth management business. The Company operates investment vehicles, such as unit trusts. It invests in these directly, but also indirectly through products offered by its subsidiaries. The Company's business is a vertically integrated business providing support to its clients through the provision of financial advice and assistance through its partner network, and financial solutions, including wealth management products, such as insurance bonds, pensions, unit trust and investment savings accounts (ISA) investments, and a discretionary fund management (DFM) service. Its products and services include investment; retirement planning; inheritance tax planning; social care planning; private clients; intergenerational wealth management, which is about how families use their collective wealth to support each other during their lifetimes; banking and mortgages; and advice for businesses, among others.

STJ today issued an update on new business inflows and funds under management for the three months ended 30 September 2022. Gross inflows were a very solid £4.05b down a touch from the £4.32b a year earlier which was a record comparative period in 2021. However, retention remained very strong supporting net inflows of £2.19 billion during the quarter. This was impressive performance given the economic and market backdrop and also relative to many investment management competitors who are reporting net outflows through 2022.

Funds under management closed the period at £143.14 billion down from £148.06 billion a year earlier, the drop is fully accounted for by softer investment performance as both equities and bonds extend their bear markets. Plainly there are still risks to AUM over the next 12 months or more. The UK economy may already be in recession and this recession could last through much of 2023. Much of the global economy is also sliding towards contraction with de-risking across global markets ongoing as liquidity is withdrawn from the system.

The share price has already corrected around 40% from last year’s highs. Valuation is starting to look a little more reasonable accordingly with forward PE ratio down to around 14.3x. But this is still bottom quartile for the IB & IS sector where share prices have been falling across the board. Near term there is little reason to buy. Share price remains in a correction for now and lacks positive momentum and there could be more significant downside ahead if market conditions deteriorate. STJ is a solid wealth manager with decent 5.7% dividend yield, but it is a share to monitor for now.



Bull point: still reporting solid net inflows, reasonable valuation

Bear point: still in a correction, macro threat to markets

Buy levels: monitor for now

Sell levels: monitor for now

[petersinthemarket] 07/11/2022 10:32

Google doesn't find the above report
(yes, I did put the 2 x T's back in)
Is it too long to publish in full?

[kalai1] 20/10/2022 11:54

St James’s Place issued an update on new business inflows and funds under management for the three months ended 30 September 2022. It was another strong quarter for St. James's Place, gross inflows were £4.05 billion, only modestly lower than a record comparative period in 2021. Retention remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion down from £148.06 billion a year earlier. The fall was due to investment performance given the ongoing bear markets in both bonds and equities. Share price is down over 40% so far in this bear market, valuation is starting to look more reasonable with forward PE ratio at 14.3x. But the macro environment continues to pose risks to markets, the share price remains in a correction which could extend significantly. STJ is a share to monitor for now...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/STJ/596

[wolansm] 21/4/2022 13:03

I've been looking around and shares ( decent quality ones ) almost look like they've been pushed down and after xd are moving higher take a look just three that I recall off top of head STV group, BP, Directline and Another LGEN starting to look similar... probably wrong

[wolansm] 21/4/2022 12:51

My buy showing as a sell... wonder what's going on !!

[hittbe] 14/4/2022 15:31

Good to see SJP fund performance is no longer at the bottom of Yodelar's Fund Performance League .... yes they've moved up from last to 2nd last ... well dun!

[quepassa] 05/4/2022 09:06

Three recent broker ratings:

4/4 Barclays REITERATE EQUAL WEIGHT and INCREASE Price Target to 1767p (1765)

1/4 Berenberg REITERATE BUY but REDUCE Price Target to 1750 (1900)

24/3 Deutsche REITERATE BUY and INCREASE Price Target to 1680


These 3 brokers all are aligned with two REITERATE BUYS


Target Prices range 1680-1767p.


The brokers see an upside of between 220p and 307p per share compared to current share price of 1460.

A collective UPSIDE of between 15% - 21%.


Looking good.


ALL IMO. DYOR.
QP

[quepassa] 31/3/2022 07:22

Major Sector news.


In an agreed bid, Royal Bank of Canada has today announced that it is acquiring Brewin Dolphin, wealth manager, for £1.6bn

The Brewin share price closed yesterday at 318p and the agreed bid is for 515p, representing a premium of some 62%.


A fast consolidating sector.


ALL IMO. DYOR.
QP

[quepassa] 29/3/2022 16:20

Post 300 of 9/3.

Since then.

+25%



More to go on SJP ....


.....but not as much as on small-cap Tavistock Investments Plc (TAVI)


RAMPANT INFLATION will drive increasing volumes of savers to wealth managers.



- whether for the HNW/affluent market as with SJP or the mass market as with Tavistock Investments - which was recently chosen as the top pick in Investor's Chronicle Bargain Shares of the year for 2022.

ALL IMO. DYOR.
QP

[km18] 11/3/2022 13:05

...from last year...

St. James's Place plc is a United Kingdom-based financial services company that provides wealth management services to business and individuals across the United Kingdom. The Company offers personalized advice that covers financial, investment and tax planning, designed specifically for their lifestyle goals and stage of life. Current market cap is around £8.1b.

SJW today issued another solid set of results for the 6-month period to June 2021. H1 saw Gross inflows of £9.2 billion (2020: £7.3 billion) and net inflows of £5.5 billion (2020: £4.5 billion), representing 8.6% of opening FUM (annualised). There was continued strong retention of client funds – 96%. Group funds under management reached £143.8 billion (31 December 2020: £129.3 billion).

Unsurprisingly this strong fund growth fed through to income and profit growth. IFRS profit after tax £120.9 million (2020: £178.1 million). Basic EPS of 32.8p versus 23.4p a year earlier. Interim dividend of 11.55 pence per share, representing 30% of prior full year dividend....

...from WealthOracleAM

[growthpotential] 19/11/2021 22:53

I got back in on this in my SIPP. Had to sell about a year ago to buy my house but I do like this strong business

[dexdringle] 31/10/2021 12:37

.....well then you simply haven't understood their charging structure.

You will be paying between 1.5% and 2.0% per annum for the product, investments and advice combined.

You will have paid, and will be paying, ZERO initial fees on any new money or transfers in. Nada. Nil. Not a sausage. Ever. Whereas, elsewhere, you'd pay between 3% and 5% up front deducted (usualy) from the contribution or transfer.

It is that simple. If you thought that 1.5% to 2.0% was too expensive why did you even contemplate SJP in the first place ?

Admittedly, you could set up a cheap DIY SIPP with fees of about 0.6% per annum and lose big chunks of your money as MOST amateur investors do....

[ohno1] 31/10/2021 12:05

Their charges are some of the highest in the pension sector.
Overall they underperform most other providers, I am at the moment moving my pension away from them and would advise anyone against using them.
However this also makes them a good investment opportunity.

[streaker70] 30/10/2021 22:58

Took your advice still holding ????

[sojourno] 06/10/2021 12:24

Hittbe... The return on SJP's funds have historically ranged from excellent to poor, but more recently they've been good for me. Performance ratings are published for much shorter timescales than investors have funds managed for; overall returns over longer periods have been healthy.

[muffster] 13/8/2021 15:26

Stupid statement below. You cannot compare a single share performance with a portfolio performance. A portfolio is more diversified and not all invested in shares.

[hittbe] 13/8/2021 15:15

Sojourno: please can you show me where client returns are good. My own conviction is that, over the past 10 years, the majority of clients would have achieved far better returns investing in STJ shares ... NOT their products. The main reason being that STJ have extremely good salesmen, selling investments that, in the main, under perform their competitors and incur charges way over the industry norm.

IMHO .... hittbe

[hittbe] 13/8/2021 15:15

Sojourno: please can you show me where client returns are good. My own conviction is that, over the past 10 years, the majority of clients would have achieved far better returns investing in STJ shares ... NOT their products. The main reason being that STJ have extremely good salesmen, selling investments that, in the main, under perform their competitors and incur charges way over the industry norm.

IMHO .... hittbe