Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Re Woodford, I think they are referring to the large number of unlisted investments held by JUP funds, and the fact they are now liquidating some assets to raise cash. AuM is falling noticeably. I hold, but wish I had sold a while back!! New management is required here.
My suspicion is that you'll find that they're wholly incapable of elaborating.
Run- it’s liquidating all assets
32p to hit revised target.
Is he invested here then Cassandra?
Got in here today at under a pound. Will buy more at 90p if it gets there.
Krusty....you keep listening to them alarm bells , i cant see further downslide ....not my best of choice either ,
high dividend yield reeled me in for short term gain....
I've only put a small amount in here too Roofer, for the dividend. Would love to double-down now the sp has dropped below £1 but there are alarm bells ringing loudly in my ear.
TurfDoc....your dividend payment is here ...but im feeling a bit Green ....90% upside more like stuck in the 90's , glad i only took a few .........
Well to be fair it wasn't the smartest of questions.
Avatca has a market cap nearly half that of JUP on less than 1% of their revenues and having never made a profit. Looks like a pretty smart short to me :)
I'm not convinced their research attempts mean they should be left alone by shorters. An overvalued company, is an overvalued company, regardless of their line of business (which, being a limited company, they are doing to make a profit, not for some altruistic ideals).
CEO might well do bets to live by the ‘ sociallly responsible’ principles it declares. For eg shorting Avacta whilst it’s cancer trails are borne by rather brave patients , Jupiter shorts company.
What a load of corporate drivel . Quite poor and as a Jupiter holder I’m off.
Can’t stand bad rhetoric from a company.
CEO and Jupiters PR team fail to respond to query on this . Says it all.
Many thanks for this helpful information ( looking forward to a nice unexpected payout)
turfdoctor yes, as long as you've still got them tomorrow. You can expect the share price to drop back quite a bit tomorrow too though, as usually happens with shares after XD day. The payment date is 31st August, so depending on how efficient your broker is you should have the money in your broker a/c that day or within a few days after.
I brought some shares last week does that mean I am entitled to dividends?
XD tomorrow, 7.9p divi up for grabs. Get in today or miss out. Who knows, the worst could be over for JUP?
Jupiter, a now relatively small London-based firm after years of outflows eroded its size, couldn’t catch a break. “Our overall AUM and net outflow position is disappointing,” said outgoing Chief Executive Officer Andrew Formica, who abruptly announced in June he will be stepping down in October.
Formica, who had engineered the merger that created Janus Henderson before moving to Jupiter, has had his fill.
“I just want to go sit at the beach and do nothing,” he said in the interview about his plan to quit the firm and move back to his native Australia. “I’m not thinking about anything else.”
Nice day for the beach anyone? if I had money tied up with Jupiter I'd be transferring it ASAP:
https://www.bloomberg.com/news/articles/2022-08-09/tough-markets-hit-active-asset-managers-striving-for-turnarounds
That is, no short squeeze here!
Declared short interest rising, but still under 2%:
https://shorttracker.co.uk/company/GB00B53P2009/
Took a few more , down nearly 3% on the day.......dividendmax showing ex-div date 11th Aug n juicy yield of 13% , hope it stops this way.....Gla
Cri5p, lets hope so .....took a few today......heavy buying vols today bodes well.......time will tell...Gla
More information already known in the SP from T O D. Nothing new just out of date nonsense. Directors buying big on the announcement of the interims is the real news and the short squeeze will be big. Shares have started to rise back and the 10 year treasuries are well up this month. Once the shorts actually realize JUP is not going bust they will need to buy back the shares. 11th August the shorts will need to fork out 7.9p which will hurt them massively.
.. for me, I have avoid of anything/anyone remotely linked with Woodford. Wish I'd spotted the link earlier .. too late now.
GLA
"To keep the dividend the same shows confidence and at 60p the company would be on a 20% dividend rate which would only happen if the company is going bust and everyone knows it. So T O D is full of BS."
Royal Bank of Scotland, Lloyds Bank, and HBOS all showed the same confidence in the summer of 2008.
You're betting on bonds recovering CHRI5P, the UK stock markets recovering from their Brexit hangover, a curtailment of outflows from Jupitor, with no further downgrades on fund ratings by morning star, with top fund mangers staying put.
2017
"John Chatfeild-Roberts, head of Jupiter Asset Management’s Merlin funds range, has withdrawn the majority of its investment from the Woodford Equity"
July 2022
"The damage has been compounded by open-ended funds at Jupiter also holding a sizeable stake in the investment company. As Chrysalis’ shares have slid by two thirds in the past nine months, fundholders have endured losses of more than £200m"
28/7/2022
"Hargreaves Lansdown funds ditch Jupiter small caps team"
Too many red flags for me.
One can't give financial advice on the web Krusty .... such a person could be liable if someone takes that advice and loses money.