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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| St. James's Place Plc | LSE:STJ | London | Ordinary Share | GB0007669376 | ORD 15P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 14.00 | 2.04% | 699.60 | 2,418,630 | 16:35:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 697.80 | 698.60 | 705.00 | 685.00 | 689.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -11.81B | 405.4M | 0.7449 | 9.37 | 3.8B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:09:14 | O | 581 | 699.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/12/2023 | 13:43 | UKREG | St. James's Place PLC Total Voting Rights |
| 01/12/2023 | 08:51 | UKREG | St. James's Place PLC CEO Succession Update |
| 15/11/2023 | 07:00 | UKREG | St. James's Place PLC 2023 AGM General Meeting Voting Results Update |
| 09/11/2023 | 12:27 | UKREG | St. James's Place PLC Director Update |
| 01/11/2023 | 16:10 | UKREG | St. James's Place PLC Total Voting Rights |
| 27/10/2023 | 15:17 | UKREG | St. James's Place PLC Director/PDMR Shareholding |
| 25/10/2023 | 06:00 | UKREG | St. James's Place PLC Director/PDMR Shareholding |
| 23/10/2023 | 13:04 | ALNC |  St James's Place suspends dealings in SJP Property unit trust |
| 17/10/2023 | 15:02 | ALNC | IN BRIEF: St James's Place Chair Paul Manduca buys GBP68,000 in shares |
| 17/10/2023 | 14:37 | UKREG | St. James's Place PLC Director/PDMR Shareholding |
St. James's Place (STJ) Share Charts1 Year St. James's Place Chart |
|
1 Month St. James's Place Chart |
Intraday St. James's Place Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/12/2023 | 20:05 | St James's Place with Charts and News | 661 |
| 30/10/2021 | 21:58 | St James Place | 20 |
| 22/10/2015 | 12:35 | St James's Place _ ACTIVE INVESTORS CLUB (STJ) | 2 |
| 25/1/2010 | 17:37 | BEST Q3 in 3 years will be announced on Wed 29th OCT | 236 |
| 16/12/2005 | 10:01 | flying soon | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-08 18:09:29 | 699.60 | 581 | 4,064.68 | O |
| 2023-12-08 18:08:53 | 699.60 | 36 | 251.86 | O |
| 2023-12-08 18:08:53 | 699.57 | 547 | 3,826.65 | O |
| 2023-12-08 18:07:02 | 703.07 | 22 | 154.68 | O |
| 2023-12-08 18:07:02 | 699.29 | 7,933 | 55,474.83 | O |
| Top Posts |
|---|
Posted at 08/12/2023 08:20 by St. James's Place Daily Update St. James's Place Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker STJ. The last closing price for St. James's Place was 685.60p.St. James's Place currently has 544,235,757 shares in issue. The market capitalisation of St. James's Place is £3,798,765,584. St. James's Place has a price to earnings ratio (PE ratio) of 9.37. This morning STJ shares opened at 689.20p |
Posted at 07/11/2023 11:09 by smackers prudentia Just read St James's Place Charging Structure. They have an Initial Advice charge of up to 450bps i.e. 4.5% ! £450 for every £10k invested seems a huge fee. 20 Years ago a 3% Commission seemed excessive. Emperor's new clothes? Would anyone on here pay that amount for investment advice? When their clients wake up to the level of fees they are paying I can only see the Share Price going in one direction and fast! |
Posted at 30/10/2023 16:10 by quepassa - share prices tend to fall more quickly than they rise.- when sentiment turns sour, this is quickly reflected in wholesale selling. - when the tide is going out, it is unstoppable. |
Posted at 30/10/2023 15:54 by dexdringle But it is the speed and sheer size of the share price fall that's the shocker.None of the issues raised in the last few weeks were a surprise to anyone. It isn't as though their charging structure wasn't already controversial despite the effect of them being pretty much the same as everyone elses charges which the market has consistently failed to understand * * Our charge is a clear £2 but your charges are £3 with a £1 rebate which is terrible (type thing). I wouldn't be surprised if there aren't slide rules being run over this with a view to a cheeky bid. How else can you get £150bn under management and 20% of the UK adviser population for £5 billion (@ £9.50 per share) |
Posted at 20/10/2023 07:58 by mdchand As someone who has a passing interest in SJP, I am not surprised by the continued downward trajectory of the share price.I remember asking one of their investment specialists how they pick funds, and they stated that they only pick funds where the fund manager is willing to share part of the ongoing trail fee with SJP. Now if you were a successful third party fund manager, why would you share your trail with an introducing IFA? Net effect is that SJP ended up putting profits ahead of clients using mediocre fund managers or small relatively unknown fund managers. As for the pricing model. Yes, they used to take a 5% initial fee (split 2% SJP and 3% IFA) but this was hidden in the pricing model. Essentially clients got 100% allocated, but then had to pay far higher annual management costs as the initial fee was amortised out over a 5 year period. If the client left early, they would face any outstanding fees. As a marketing ploy, clients focused on the lack of initial fees, without realising how much they were actually paying? And it worked. Something else I always thought was amusing was how they compared the performance of their funds to cash, and not the underlying index of any sector, which would have shown investors a true comparison. So, you had clients buying into the brand (which clients paid for) without realising they were being sold funds that were already substandard, using a fee structure that hid the majority of the client fees, using cash as a peer comparison . No wonder they did so well initially. |
Posted at 18/10/2023 10:58 by dexdringle For shareholders there have been two problems where one has now segued into the other.The first was the managements inability to explain clearly how their charges work and how it was simply a different way of doing things to other firms (but with, as near as dammit, the same end result) It has now become a different issue of communication where the management has again failed to communicate clearly the implications of the change in respect of cashflow and profitability leaving some uncertainty. The net result is a hammering of the share price. I think it is now a good opportunity to make more changes. The whole board for starters. |
Posted at 17/10/2023 13:15 by dexdringle There are massive misconceptions about the current charging basis. SJP are right about that bit.There is little point them labouring the differences because all that is happening is that they are going from 3 x 2 = 6 to 2 x 3 = 6. The new 4.5% up front and a 1.6% annual fee or the old 0% up front and a 2% annual fee. It's six of one and half a dozen of the other. It was never about the absolute amount charged. It was about the odd way they did it. There may be a modest charge reduction overall which should be offset by rising funds under management. When this does wash out a profitable business will remain. I expect the current price will be a low point but existing shareholders who have been hammered might not forgive and forget so easily. I can still envisage a bid from some opportunist VC outfit before the share price recovers back to some sort of reasonable place. 4,500 qualified and motivated advisers and £150 in FUM all for £4billion. If you wanted a foothold in the UK Wealth Management arena it would be rude not to. Good god, people have paid multiples of that for near worthless tech start ups. |
Posted at 16/10/2023 15:12 by quepassa 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. |
Posted at 13/10/2023 20:12 by dexdringle In any event, I wouldn't be surprised if a bid of, say, £8.75 a share materialised. That would put the new CEO in a pickle. How do you recommend that when you share prices twice that just last year ?If you did want to make a bid you'd want the price pushed down dramatically before you started. I wonder how you could make that happen....??? |
Posted at 27/7/2023 15:56 by topvest St James's Place (LON:STJ) - this is above the mid-cap size limit, but this comment caught my attention:Clients are charged an initial advice fee of 4.5 % cent of their investment value and pay an additional 0.5% annually to cover the cost of their adviser. They are also charged an initial product fee of 1.5 % and an additional 1 % on an annual basis as a product management charge. The 1% is going to 0.85% causing todays share price decline. I hadn't realised that they charge initial fees so high. Sounds like 6% initial and 1.5% ongoing. No wonder they have a lot of litigation and complaints. How do investors get a return? Hmm, I think I will take STJ off my watch list! |
Posted at 18/11/2022 08:58 by dassera St James’s Place issued an update on new business inflows and funds under management for the three months ended 30 September 2022. It was another strong quarter for St. James's Place, gross inflows were £4.05 billion, only modestly lower than a record comparative period in 2021. Retention remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion down from £148.06 billion a year earlier. The fall was due to investment performance given the ongoing bear markets in both bonds and equities. Share price is down over 40% so far in this bear market, valuation is starting to look more reasonable with forward PE ratio at 14.3x. But the macro environment continues to pose risks to markets, the share price remains in a correction which could extend significantly. STJ is a share to monitor for now.St. James's Place plc is a United Kingdom-based company which is engaged in wealth management business. The Company operates investment vehicles, such as unit trusts. It invests in these directly, but also indirectly through products offered by its subsidiaries. The Company's business is a vertically integrated business providing support to its clients through the provision of financial advice and assistance through its partner network, and financial solutions, including wealth management products, such as insurance bonds, pensions, unit trust and investment savings accounts (ISA) investments, and a discretionary fund management (DFM) service. Its products and services include investment; retirement planning; inheritance tax planning; social care planning; private clients; intergenerational wealth management, which is about how families use their collective wealth to support each other during their lifetimes; banking and mortgages; and advice for businesses, among others. STJ today issued an update on new business inflows and funds under management for the three months ended 30 September 2022. Gross inflows were a very solid £4.05b down a touch from the £4.32b a year earlier which was a record comparative period in 2021. However, retention remained very strong supporting net inflows of £2.19 billion during the quarter. This was impressive performance given the economic and market backdrop and also relative to many investment management competitors who are reporting net outflows through 2022. Funds under management closed the period at £143.14 billion down from £148.06 billion a year earlier, the drop is fully accounted for by softer investment performance as both equities and bonds extend their bear markets. Plainly there are still risks to AUM over the next 12 months or more. The UK economy may already be in recession and this recession could last through much of 2023. Much of the global economy is also sliding towards contraction with de-risking across global markets ongoing as liquidity is withdrawn from the system. The share price has already corrected around 40% from last year’s highs. Valuation is starting to look a little more reasonable accordingly with forward PE ratio down to around 14.3x. But this is still bottom quartile for the IB & IS sector where share prices have been falling across the board. Near term there is little reason to buy. Share price remains in a correction for now and lacks positive momentum and there could be more significant downside ahead if market conditions deteriorate. STJ is a solid wealth manager with decent 5.7% dividend yield, but it is a share to monitor for now. Bull point: still reporting solid net inflows, reasonable valuation Bear point: still in a correction, macro threat to markets Buy levels: monitor for now Sell levels: monitor for now |
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