St. James's Place Share Discussion Threads

[dexdringle] 31/7/2023 11:31

£9.00 - £9.50 would be a reasonable entry price as the divi would then pay over 5% while you wait and see if the shares climb back up. Basically, you are paid to wait with limited share price downside from this low point .....

[action] 31/7/2023 10:48

Trying to gauge the bottom. May be years low 900p

[dexdringle] 29/7/2023 18:18

Surely, at £9.50 a share this must now be a takeover target for any business looking to enter the UK wealth management arena in a big way ??

[topvest] 28/7/2023 20:01

Looking again at their fees: wealth and advice fees are c£2bn, so only about 1.3% of AUM. Then you need to add in the fund/investment trust fees and costs, so probably > 2%. They need to be clearer. Good comments dexdringle - thanks. Still don't like the noise around what they do, so think I will keep avoiding.

[tim 3] 28/7/2023 19:49

dexdringle.

You are absolutely spot on and this is what the SJP partner were trained to say when you asked about charges and for a while mostly in the early days of Woodford before he lost the plot, they were right their equity income fund did extremely well compared with others.However that was a long time ago and since many of the funds Dad was in underperformed the sector.

As I say am not anti SJP as such.I do think for some people they provide a service they like and they will help with risk and finding whats right for their needs (provided its a SJP product!) but for me its just too expensive.

[dexdringle] 28/7/2023 15:57

Their main problem is not the charges per se but is that the performance of their funds / portfolios isn't sufficient to adequately offset them.

If they charged 3%, but delivered 10% growth, that would be fine. Better than a cheap as chips 1% fee with a 5% investment performance.

The SJP Investment Management Approach (IMA) means they outsource the investment decisions for each fund to (supposedly) the best external fund managers in each category. If that worked it would mean that every fund would be in the top quartile. But they are not. Which obviously means they are not using the best fund managers (or at least shows that no such animal exists consistently).

They therefore need to either up the fund returns or reduce the charges where sufficient out performance hasn't materialised.

[tim 3] 28/7/2023 13:21

The charges are absolutely ridiculous.Unfortunately my family invested with them and not only did it cost a fortune in charges but they put much of the money in their fund ran by Woodford which under performed for years.They made an error paying out one of the dividends in January and they have only just rectified it.I think they appeal to rich investors who have little experience or knowledge of the market their advisors will come to your home sit down and explain things in an easy to understand way and review your investments regularly but that comes at a cost and for me anyway would much rather invest in investment trusts and trackers with far cheaper costs

[dexdringle] 28/7/2023 13:16

£17.00 to £9.70 in 18 months. Almost a 50% drop.

Assuming he bailed at £17, I wonder whether the activist investor who was criticising the board 3 years ago when the shares were around £10 will be back for a second bite of the same cherry?

[montyhedge] 28/7/2023 12:32

I don't know about this company, all I know I have a friend who moans about their charges.

[essentialinvestor] 28/7/2023 12:20

topvest, many thanks for your input here as had been tempted to buy a few.

[action] 28/7/2023 12:08

More buy today

[action] 27/7/2023 20:14

Buy and sell 50 50 today

[action] 27/7/2023 20:10

May be he is the down ticker guy LOL. Do not like any positive post.

[wad collector] 27/7/2023 17:52

Ah the most negative poster on ADVFN sends his usual message....
I ask you again, have you ever made a vaguely positive comment anywhere on any BB ever?

[porsche1945] 27/7/2023 17:35

This will be down to covid lows by 4th quarter or 1st quarter of next year once hardcore recession recession bites, parabolic inflation and interest rates, brexit basket case U.K. of course with its own particular set of now terminal impoverishing problems, unfortunately what happens when you allow the great unwashed to vote on anything important.

[topvest] 27/7/2023 16:56

St James's Place (LON:STJ) - this is above the mid-cap size limit, but this comment caught my attention:

Clients are charged an initial advice fee of 4.5 % cent of their investment value and pay an additional 0.5% annually to cover the cost of their adviser. They are also charged an initial product fee of 1.5 % and an additional 1 % on an annual basis as a product management charge.

The 1% is going to 0.85% causing todays share price decline.

I hadn't realised that they charge initial fees so high. Sounds like 6% initial and 1.5% ongoing. No wonder they have a lot of litigation and complaints. How do investors get a return? Hmm, I think I will take STJ off my watch list!

[action] 27/7/2023 16:37

Tomorrow is interesting day as last day of week.

[action] 27/7/2023 13:13

This is horse which can go up and down really fast. Need to top up if goes down again.

[tim 3] 27/7/2023 12:47

Been sorting my late dads estate out who had some holdings in SJP products.Let's just say their admin centre have some serious issues.

[action] 27/7/2023 12:36

Good buy. DOWN TICKER.LOL.

[action] 27/7/2023 12:11

Waiting for share meltdown around 2.35pm today

[action] 27/7/2023 12:11

Got limit order to buy as well.

[action] 27/7/2023 12:10

I mean again. LOL.