St. James's Place Share Discussion Threads

[tim 3] 30/7/2024 08:30:20

Yes market seems happy with that update.

Chart looks a lot more healthy now.

[jakleeds] 30/7/2024 08:14:54

Wow quite a jump this morning !!

[dexdringle] 29/7/2024 22:36:12

jak. This is nothing new. SJP advisers like everyone else, will have to accept that the valuation of their client book will be a lower multiple of income in the current economic climate.

If you had a machine that chucked out £100,000 per year, how much would you pay for it ? How about starting with no money and borrowing £600,000 to pay £600,000 for it and using the money it chucks out to repay the loan over 8 years. After which you have a machine paying out £100,000 that is all yours to keep. Or you can sell it for, say, £400,000 and you have £400,000 rather than the £0 you started with. It's like leveraged Buy to Let.

Those who have borrowed to buy clients at 6x income and wish they'd paid 4x will just have to suck it up. They will still own the client 'debt free' in 8 years.

SJP have 5,000 advisers, 1 million clients and £175 billion under management. They are a juggernaut that will adapt.

You should worry more about the small firms if you want something to worry about. They will be crushed.

[jakleeds] 29/7/2024 22:11:22

It’s falling apart here. Did you see this article today ?

hxxps://www.ftadviser.com/investments/2024/07/29/sjp-advisers-fear-plummeting-practice-valuations-amid-debt-worries/

[dexdringle] 21/7/2024 18:13:41

Yes, the share price is doing okay relative to its recent lows.

Relative to its 2 year high, not so much.

[tim 3] 21/7/2024 16:14:06

Good points.

[the millipede] 20/7/2024 22:02:02

Agree. Using open ended funds for direct property investment is silly. Similar liquidity issue to private equity (Woodford).

I think only Royal London have managed to make this sort of property fund work/ have never had to stop withdrawals. St James Place are in very good company.

Anyway, STJ share price doing alright. :-)

[dexdringle] 20/7/2024 12:31:00

Open ended property funds are a disaster. I don't know why SJP got involved.

The only way to do this (if you must) is by using a closed end REIT.

"On top of that, they are still paying fees" ? Well, it doesn't suddenly become 'free' does it ?

[tim 3] 20/7/2024 10:47:48

Fully get the issues when many people want to cash in on property funds and to me they are not a good idea in this format but to freeze it for 9 months and give no idea when it will unlock is not good.

On top of that they are still paying fees.

[markgordon1] 28/6/2024 20:13:09

QP is a regular post on the TAVI site. Many suspect to be either one of the two TAVI executives

[quepassa] 28/6/2024 11:45:42

nothing to do with St. Jimmy's.

sector news.

share already up 7.5% today but nobody appears to have read the RNS yet because TAVI is a small-cap stock and completely off the investor radar .

an interesting situation

[dexdringle] 28/6/2024 11:37:41

.....but what does that have to do with SJP?

I just found it expecting there to be speculation about SJP taking them over (or some such thing) but nothing ?

[quepassa] 28/6/2024 11:24:13

Today's RNS announcement by small-cap wealth manager, Tavistock Investments (Ticker:TAVI) is not to be missed

[dexdringle] 18/6/2024 18:04:02

....it's still not too late to buy. Six month target £7 (assuming no bid at a price higher than that).

1 million clients. £180 billion under management. £500 million net profit pa. It's a £5 billion company all day long (£9 a share).

[jakleeds] 18/6/2024 17:34:44

Haha Dex. Good luck to you.

Don’t worry I’m still watching. These have gone up because HL received an improved bid.

[muffster] 18/6/2024 15:38:05

Go Dex. You are on point with your posts here, thanks for your input

[dexdringle] 17/6/2024 10:58:31

jakleeds, where are youuuuuuuuuuu....?? 🤣

[dexdringle] 13/6/2024 11:28:41

I'm sure he'll have lots of lovely cheap share options instead to ease his pain.

[jakleeds] 13/6/2024 10:15:28

I bet Mr Fitzapatrick is gutted he didn’t buy any shares when they were 4quid.

[dexdringle] 13/6/2024 09:02:37

Quality DEI hire though. That must be worth a few pence on the share price as the 'woke / sustainable' funds will be filling their boots on that news 🤣