They did buy back c.4.5m at 716p in August and September 2024. Authorised on 15 May but probably bad form to have front run the half-year results on 30 July. |
....six months too late. They should have been doing that at £5 a share 🙄 |
Further to the announcement made on 27 February 2025, St. James's Place plc (the Company) announces that it is commencing a share buy-back programme to repurchase its ordinary shares, subject to a maximum consideration of £92.6 million. The programme will begin on 28 February 2025 and end no later than 30 June 2025. The sole purpose of the buy-back programme is to reduce the capital of the Company. |
It's insane. Effectively £12 to £4 and then back to £12 in under 2 years !!
Has there ever been a FTSE 100 business that has gone down two thirds, and then trebled back to where it started, in such a short space of time ? |
What an amazing long term chart...you don't often see that... |
Isn't it just. I bought Rolls Royce shares at 90p and sold for £1.30 thinking that was a nice profit. Then, not long afterwards, they went to £5+ 🙄 |
dexSure but hindsight is a great thing! |
Me also at £11, but we're getting there.
f |
Yes, it's part of a portfolio but it is around 15% of that portfolio.
Would have been nice to have bought at £5 though not £11 ! |
Nice one dex well done for holding on.I assume it's part of a portfolio and not all your investment capital which would be pretty high risk ,you never know for sure what's round the corner even with a fairly low risk share like these ? |
STJ being steadily well bought.
f |
Well done to those who bought in the £4 to £6 range a few months ago.
Sadly I didn't as I was already way over stretched with these at an average of nearly £11 a share but am happy to be approaching my break even none the less. At £4, with 7,000 shares I was down just under £50k. |
This stock will be heading north of £15 later this year!! |
 Liberum: SJP remains ‘desperately undervalued’
St James’s Place (STJ) may have enjoyed a strong rally but the shares are still undervalued versus its potential, says Liberum.
Analyst Rae Maile retained his ‘buy’ recommendation and target price of £14 on the Citywire Elite Companies A-rated wealth management group, which was trading up 8.1% at £10.05 on Thursday morning after a strong final quarter took assets to a record £190bn.
Gross flows in the final three months of 2024 represented the strongest quarter of the year at £5.5bn, with net inflows of £1.5bn, making it the strongest quarter since the beginning of 2023.
‘The introduction of new pricing structures will come in the next few months and a concern has been that this would mean a hiatus in business production,’ said Maile.
‘There has been no hiatus. The new pricing structure will be simpler and comparable to peers. The old pricing structure has delivered growth well ahead of industry peers over the last 30 years.’
He said it was hard to see that the ‘new and improved’ charges should ‘do worse than the old and inferior’.
‘This underpins the company’s target of doubling cash profits by 2030,’ said Maile.
‘The shares have rallied hard from a too-low base but remain desperately undervalued compared with the potential of the company.’ |
Lovely 101p STJ upward stride today.
f. |
Sold out GLA... |
Probably going to sound weird, but I don’t actually think performance is that important to many SJP customers. I know quite a few who like their advisers, are happy with the risk profile, and don’t really care about anything else.
I think the adviser network is basically a huge moat for SJP that acts to prevent people moving. Very clever, really.
The net inflows are consistent with this and are definitely worth contrasting with some other asset managers. Eg Liontrust still reporting £2bn yearly outflows. No sign of a slow down there!
This was my second best trade of 2024, and I think 2025 will be good too. |
In auction |
Yes, that's very poor.
Given that SJP don't make investment decisions themselves, but instead outsource those decisions to 'the best' fund managers in each area (including all of those on the list), something is clearly amiss.
It is like choosing from all of the best footballers in the world and creating a team that is near the bottom of the league.
Their process for establishing 'best' is flawed. Either that or 'best' is a game of whack-a-mole. |
Recently produced league table of fund manager performance. Just FYI. |
Given that there are at least ten FTSE 100 companies with a market cap smaller than SJP, heading straight back out of the FTSE 100 feels unlikely 🙄 |
This is heading straight back out of the ftse 100 😂😂 what happened to the institutions who's ftse 100 tracker funds are supposed to buy the shares. There is no enthusiasm for the ftse at all. Every single day there are reports of nervousness somewhere in the world or waiting for data regarding something. Its pathetic. |
Well, nothing goes up and up forever.
But yes, jak, I did profit from the overdone fall, and got out from a £11 average to break even. (Sorry for taunting earlier, just pleased to have got back so quickly.)
Is this back in the FTSE100 again? Looking for a new re-entry price around £7.5, which should be a solid floor. Might wait to see results, especially divi going forward. |
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