St. James's Place Share Discussion Threads

[mortal1ty] 17/10/2023 14:10

I imagine St James place has an archaic investment system, given its been around since 1991. I reckon they are doing a completely re-platforming, with some expensive consultants flying about.

You could probably build an entirely need investment platform for that sort of monies lol.

I got the sense from the statement that management don't really understand how all this will wash through the cash flow and P&L, other than the general direction.

[dexdringle] 17/10/2023 14:10

Yes, the description of the effect on cashflow is confusing. I think they are trying to not say "this will have no negative effect on cashflow in the medium to long term" because people will nevitably respond with "oh right, so you're still going to charge people the same then but differently".

I also think this has been rushed out. The vague RNS last week, hinting at changes but not positioned positively, spooked the market. The board have probably panicked and have had to put something out quickly that they have been working on but weren't yet ready to publish. I expect the calculations re effect on cashflow aren't yet solid.

The board have handled all this just about as badly as it is possible to do.

[fenners66] 17/10/2023 14:06

Simply not wanting to tell the market the difference between today and tomorrow is stupid and unacceptable.
IF charges are reduced the market will find out anyway - attempting to obfuscate is not helping.

Just spell it out !

"challenge the common misconceptions around our proposition," - so they realise they have a bad reputation

I guess De'lorean had common misconceptions , or maybe the Sinclair C5 ?

[fenners66] 17/10/2023 13:59

Dex - as you wrote

"SJP don't go into profit until year 7 because the first six years product fees are actually covering the initial costs. Those first six years fees are reimbursing up front costs "

Which we can all understand - but then they say this....

"We expect they will also change the shape of the future Cash result, with a reduction in the short-term result, before growth returns over the medium and long-term. "

Which seems at odds.

[tim 3] 17/10/2023 12:31

Fenners

Yep and there lies the problem with the whole company as transparent as mud.

[pander45] 17/10/2023 12:19

The statement is BS and the market has rumbled it I think. Long recovery here.

[pander45] 17/10/2023 09:19

This is not looking particularly good.

[jakleeds] 17/10/2023 07:37

“We are helping our clients by increasing our Ongoing Advice Fee from 0.5% to 0.8%. “

Net inflows down massively on Q3 last year. Cash inflows will reduce. No more EWC on pensions and bonds from H2 2025

[jubberjim] 17/10/2023 07:33

Doubled up yesterday first thing

Has improved my average

But ......?

Good luck holders

[quepassa] 17/10/2023 06:21

All good, dex.
Apologies to you too.

Good Luck with your investing.

[dexdringle] 16/10/2023 20:08

Well, I bought at around £10 and sold at around £13. I sold too soon as they went to £17 after I sold.

I recently bought at around £8.20 and, yes, have been caught out by the sudden drop but I stil expect to see a profit at some point and a reasonable divi in the meantime.

If you don't like them, and you have no interest in trading them, why are you even here ?

[quepassa] 16/10/2023 17:40

fenners,

I don't think you get it. that's exactly what dex has been doing for many years!

he now deserves a taste of his own medicine.

[quepassa] 16/10/2023 17:39

dex, this is what you wrote a while back:-

"Just to be clear, while I'm happy with my experience as an SJP client, my interest here is purely around the short term performance of their shares. I have no interest in whether their long term business model / charging structure is sustainable or not. Ditto AFH where I have a (larger) holding"




short term performance of their shares.

£16 to £6.

ha ha ha.

if i've gone mental, you were already committed a long, long time ago.

i guess you are not so happy with the short-term performance now.

[dexdringle] 16/10/2023 17:32

I know fenners. I've been on here for over 20 years and you'd think by now I'd know better 😂

Shame though. I quite like QuePassa so I'm not entirely sure why he's gone the full mental here. Maybe he's having a bad day 🤣🤣

[fenners66] 16/10/2023 17:22

Welcome dex to the world of advfn forums they are supposed to be to share ideas about companies accounts and prospects but all to often turn into a vehicle to attack other posters.

[dexdringle] 16/10/2023 17:03

....and your statement above about them being £16 in 2019 when they clearly weren't .....?

In 2019 said they were a buy at under £10. Eighteen months later they were £17. How is that a wrong call ?

[quepassa] 16/10/2023 16:51

i have no hate for sjp. i have no feelings for them whatsoever.

they are just a name on a piece of paper to me. but it is clear that their business model of high fees, as I clearly pointed out several years ago, is well and truly busted.

if any investor has emotional attachment to a share, they shouldn't (like you) be fiddling around with listed securities in the first place.

i don't really care what you think about the price, dex - other than to say that your calls hitherto have been wrong , wrong and wrong again.

[quepassa] 16/10/2023 16:12

See:-

182
183
184
185
186 187 etc

AND ESPECIALLY DEX's POST 199


dex, you were still blowing hot air up SJP's backside when the share price was 125% higher at 1600p in 2019 and openly mocking and deriding anyone who said the price was sliding.


lets face it, you are the one that has called this share TOTALLY WRONG time and time again.

You have ZERO CREDIBLITY on this stock.