St. James's Place Share Discussion Threads

[inv] 26/2/2008 08:17

this will fly

[hectorp] 26/2/2008 07:44

NO skeletons: NO 'challenging conditions'. Dividend up 13%.
Double digit growth with no obvious barrier to this continuing.

[hectorp] 26/2/2008 07:43

Excellent Interim results:

Operating profit of £244.7 million (2006: £176.0 million) up 39%

• New business profits of £150.9 million (2006: £115.2 million) up 31%

• Net asset value per share 252.5 pence (2006: 222.6 pence) up 13%

- IFRS basis

• Profit before shareholder tax of £96.1 million (2006: £107.6 million)

• Net asset value per share 92.9 pence (2006: 82.4 pence) up 13%

Dividend

• Proposed final dividend of 2.55p per share up 19% making a total dividend
for the year of 4.3p (2006: 3.65p) an increase of 18%.

[hectorp] 22/2/2008 08:53

You'd really expect this to knock spots off the share price.
It has not done so.

[hectorp] 22/2/2008 07:56

Press Comment ( FT) HBOS looking to offload 60% holding in STJ.

[hectorp] 21/2/2008 12:13

Up over 5% today is a good rally indeed.

edited STJ +20.5p.
edited +25p should have added more.

[hectorp] 20/2/2008 16:22

Agree a good rally last few days, but in the context of its highs, only a start of recovery. Even resistance level is at least 300p.
We shall see, in time.

[tourist07] 20/2/2008 11:27

OK out at £2.65 ... almost 20% rise in 2 weeks, and a profit is a profit. With my positive hat, I could see these approaching £3.00 if profits follow sales when results are announced .... on the other hand, if they don't these could fall again very easily.

Good luck to holders

[hectorp] 20/2/2008 08:57

Sorry me again,
up 2.5 on a down day, it didn't do THAT last week/month.
Pliling in for more .

[hectorp] 19/2/2008 13:46

STJ +4.5%
BARC ( good results) +4.6%

- any connection? certainly decent Financials today.
edited
over a million traded, +15p, strong even in a weaker Dow today.
Been adding this AM and some more PM.

[hectorp] 18/2/2008 08:26

On close study it is worth trading these, with a bullish, overall view, buying any dips.
Today appears such.
Newton and Black Rock ( both adding in Jan-Freb period) and several days of supportive activity.

[hectorp] 14/2/2008 09:41

STJ +9.9%, up 15.5p, clearly some interest here.

[hectorp] 13/2/2008 18:05

Who cares what Hedge Funds do, as if the world owed them a living. They act like the Sheriff of Nottingham.
- I see STJ was down 7 at one point and closed today at -1, which I find fairly reassuring.

[tourist07] 13/2/2008 05:08

OK Stoaty, fair enough .... if you don't then who would? As I say, top line looks fine ... here's hoping. Today was a good day at least.

[jamesgkenny] 12/2/2008 17:03

good day but can we hold on to it tomorrow, apparently some hedge funds had sold prior to 4th quarter results and had to buy in when they shot up and were not happy..

26th feb then....

[hectorp] 12/2/2008 16:37

Yes me, the share is favoured with a +15p with US credit news from Buffet.

[hectorp] 12/2/2008 13:08

Looks brisker today, when it DOES turn it could be rapid indeed.

[stoaty1] 11/2/2008 14:26

T7 it is only my opinion as a partner at stj,i have no insider info ,but have a reasonable handle on how businss is going. I can give no other explanation for the current share price , and know of no dire calamity.

[hectorp] 10/2/2008 18:10

I'm reminded of an article in Scotland on Sunday today's date: Bill Jamieson writes
"A worrying feature of the pessimism psychology is that downward trends in the economy are almost automatically expected to continue, while reasonably robust company earnings are dismissed as historic with no relevance to what is about to strike. This helps explain.. the viciousness of the falls in some sectors, and the short-lived and tentative nature of any rallies.." This seems to apply here and to 50-60 shares I follow most of which have actually halved over 6 months, ( well they happen to sit on my value in the future watchlist). When shares fall 50% and the market has fallen only 14% we are either in a doomed share or in a position of oversell. As a contrarian STJ remains a buy for me at the current price.

[tourist07] 09/2/2008 23:19

Stoaty, I do think you have rather rose-tinted spectacles, these have fallen far faster than either the insurance or asset management sector. And what "forced sellers" might there be? Do you really think that all the buyers and sellers are mad and that only you can see the true value of the company?

Everyone gets the fact that they are growing the top line. What is far harder to understand, and please spell it out for us if you have some insights, is how that it going to translate in to current year EBIT and, equally important, what the current year's tax charge is likely to be.

Personally, I think that the shares have fallen too far to reflect what is simply uncertainty and bought yesterday at £2.23 after weeks of dithering.

But these are far from a slam dunk. I for one would prefer to see a discussion and debate on the risks/upsides than statements that nothing could possibly be wrong and its all down to misguided market sentiment.

[hectorp] 08/2/2008 13:27

fair enough stoaty,
down 5%, quite a lot of volume so many a few large forced sellers are the reason. If so, it will have overshot downside very soon.

[stoaty1] 08/2/2008 10:51

Hectorp, they are neither lenders or borrowers, nor have they exposure to these problems except by association through the fund managers who invest in equities .the share price can only be due to the sector they are in and perhaps forced sellers.

[hectorp] 08/2/2008 10:41

Current price certainly flies in the face of the 4th Quarter figures .

I can only think that there is such opacity in the way they keep their books that it could always hide'something' eg some subprime credit crunch bogeyman.

[stoaty1] 08/2/2008 10:19

26 feb jamesgkenny

[5dally] 08/2/2008 10:11

Bit of a drop here today,any thoughts