St. James's Place Share Discussion Threads

[jamesgkenny] 07/2/2008 15:49

stoaty, month end full year figures? when?

[stoaty1] 06/2/2008 11:27

Tourist07,i do not think anything untoward is going on with stj,quite the reverse as we will find out, iam sure, at month end when full year figures are released. It is just the markets having a downer on anything financial, good or bad .I am sure that this time next year this will look an unbelieveably low price!

[tourist07] 06/2/2008 09:23

This is looking like a very sick puppy ... just wish I could figure out why. But thats probably the answer ... no-one knows whats going on.

[hectorp] 01/2/2008 08:49

So also today +5p so far. Better trading and waiting for the better rally back, which should come, in weeks.

[hectorp] 29/1/2008 08:57

Trade buy here today.
H.

[tourist07] 28/1/2008 23:02

Lol, perhaps I'll get another chance.

As posted before, I'm wary .... they put a lot of store by the new business numbers but its a long way from there to the bottom of the P&L Account. Was there a conf call that anyone listened to? Did they guide on earnings?

[hectorp] 28/1/2008 14:11

ermmm but haven't!
support again at 230's then.

[hectorp] 28/1/2008 07:59

Tourist,
STJ the 4th Q results should've underpinned the current price.

[tourist07] 27/1/2008 23:43

Hey well done to all you guys who held/bought through the drops. Patience rewarded. Kicking myself (but only a little) for not having the guts to dive back in ....

[hectorp] 25/1/2008 11:17

Thanks, so the downgraded is the reason for the drop this AM. A reduced target by 10 pence doesn't seem worthy of the downgrade.
As usual the greedy gs will be telling their important clients to buy on the cheap.

[jamesgkenny] 25/1/2008 10:44

goldman sachs downgraded to neutral from buy (at 306), target now 361 from 371

so thats a clear buy then.....

[hectorp] 25/1/2008 08:27

Bit of weakness today -7% already. Has someone read the report more carefully and found issues.

[hectorp] 24/1/2008 18:56

Closed on highs, ttj.
Now to await new broker reccommendations?
Press if any will be favourable.

[ttjohnson] 24/1/2008 17:20

Bought in this morning, also looking for that £4 level sometime next week if the mkt continues to rise.

[hectorp] 24/1/2008 15:40

I'm starting to think so too. Up 25% with strong buying vol and a tight spread.
Clearly what was unclear is now clear, and co-incides with a market rally in Financials etc.

[inv] 24/1/2008 14:52

This will move to 400p quickly. This will still be undervalued

[hectorp] 24/1/2008 12:04

Added at 269p, every chance of 320-360 in days or weeks once more. Depending on market conditions.

[hectorp] 24/1/2008 07:50

Excellent 4th Q trading upgrade.

[hectorp] 21/1/2008 13:11

credit default swaps put the boot in for high value bondholders..

``The major risk for credit markets remains forced selling on the back of downgrades of the insurers,'' said Jochen Felsenheimer, the Munich-based head of credit derivatives research at UniCredit SpA, Italy's biggest bank. ``The problem right now is there seems no way out.''
( Bloomberg)

[tourist07] 19/1/2008 19:52

Certainly thats the company line Hectorp, they say they are still being treated as an insurer, rather than an asset manager. Interestingly, I suspect asset managers are coming under a bit of re-rating pressure in current markets, so the gap may not be so great.

Incidentally, I don't know why they don't sell their insurance business - it must be subscale and inject unneccessary risk. Unless it's strategic in some way (ie. for sell-through, or customer stickiness) I would get shot of it at the first opportunity.

Just passing through ....

[hectorp] 19/1/2008 16:39

I note too, STJ lumped in with Insurers in this week's large Investors Chronicle FTSE 350 feature. STJ is quoted a P/E of 14 -15, the rest of the insurers are on P/E of around 9.
However looking at 'Investment Companies', we do see an average P/E of around 15. Maybe STJ is being misplaced.

[iec4] 18/1/2008 09:16

There is your chance tourist.....

[tourist07] 18/1/2008 06:26

Damn, nearly bought on the drop ... missed out! Damn!

[iec4] 17/1/2008 14:19

Certainly agree with you on the 1st point jgk.

[jamesgkenny] 17/1/2008 11:23

wealth management has never been needed more and valued less....

SJP partners are busy buying these on the cheap...Q4 figures will be above forecasts