The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Could someone cut-and-paste latests including esp. today's announcements which seemed to say - unless I read wrong - earnings down from 28p to 9p and presumably some threat to div?
T_o_D I like that strategy, I like it a lot! £1 would, after all, equate to over 17% yield at current rates. However, there's another scenario where the sp cruises back over 150 over the coming few weeks and marches on towards £2 by year-end as margins recover. So I've snapped some up, just in case. I will, of course, add some more if it reaches £1. But I'll add a lot more if it gets back to £2.
US hedge funds timing a lower price target to try and get shortest out ….
… higher salaries and inflation means more money needed to invest for retirement.
Might grab some more at 130 or just wait for the 100p
I hope the new CEO can turn the share price around. The fall in recent months has been relentless…still makes a good profit.
I am in at 152p ...see where it goes from here after the big sell off
Lose Lips Sink Ships .... a few are bailing here and more than likely whispering sales to hedge funds getting in on the act.
Fundamentally JUP is a leveraged play on the FTSE250 .... that has been sinking for about a year.
Am watching this one .....keeping an eye on the shorters attacking it though - GLG has a very determined position on it for now...
https://www.shorttracker.co.uk/company/GB00B53P2009/
Started to drip back in … 10% fall I didn’t take … so not too bad GLA
I hope you do well and Jupiter has invested in them if that turns out to be the case. In my view Jupiter, like many equities at the moment, should be viewed as an investment beyond May’22.
Hi Trojan. It was choice due to expectations of the companies I follow. I sold JUP and bought FRES.
JUP has had poor results, ex-div just past, wider market and inflation add to poor sentiment.
FRES goes ex-div tomorrow, silver and gold are in a recent dip, inflation good for silver, steady results expected today.
Will still keep an eye and maybe buy back JUP later but I am intending to hold a large proportion of cash.
Interesting views. Jupiter has seen a fall in assets under management due to the recent downturn in the market (for obvious reasons) and retail clients liquidating investments. Given the above what’s your rational to sell Jupiter and buy another stock rather than simply keeping as cash? The company remains profitable.
Always hurts to take a loss … but such is the market …
Sold as well yesterday. I agree that the market could take this down a lot further without any good results or news looming. I was at a loss but glad as JUP is already 6% down so far today and the share I moved to is 2.5% up.
T_o_D you are wise.
Still very profitable!
Andsoforth …. Market is unforgiving …. I don’t mind people taking profits when stocks are high leading to outflows but my feelings now are that retail will be getting cash strapped with higher inflation …. And needing to cash in that is an entirely different scenario.
We will see … I’d rather buy back in at a higher price than 191 on positive inflows than hope watching a share crash down to £1.00
Totally agree T_o_D. JUP management have reportedly deployed £80m of company funds to deter a takeover (and to save their own jobs). Poor management in every context. BUT CLIG have not dissimilar results, and seems to be holding up better.
Hoping for a buyout is never a good idea … bailed this morning …. Sidestepped into other beaten down stocks,
Rumour was some US outfit was interested, but no details given. 8.78% is not sustainable, but c5% is. The management needs a refresh here.
Schroders might have a go now they are abandoning their dual share structure. See today's RNS. A coincidence Dr Watson?
The full year dividend is 8.78%. I can't see this being maintained for the next financial year. This company is turning out to be a real disappointment, let's hope that takeover does arrive - any guesses as to a likely suitor ?
"KEY POINTS
· Assets under management closed the period at £55.3bn.
· The decrease of £5.2bn from 31 December 2021 was driven by negative market returns of £3.6bn and net outflows of £1.6bn."
AUM down 6.5% over the last year. Pretty poor results here, largely due to the continued poor performance of the staff. Annual results on 29 July. The rumours of a potential takeover will hopefully persist. I will hold for the dividend, which is sustainable at c5%.
Nice to see the ex-div drop today less than the dividend so far.
AGM on 6th of May where I assume they'll approve a possible buyback.
I am not a fan of rewarding sellers with buybacks, I much prefer rewarding holders with dividends.
We'll see.
"Are you referring to this from the AGM ? Is this different to other years ?" Don't know about other years ... but once approved, I fail to see the point of repeating .... there was also a mention in the annual results of going for share buybacks rather than a special dividend going forwards .... I assume this is because of the low valuation of the stock.
I bought back slightly too early after the spike from December 2021 owing to:
"Jupiter fund manager hires Robey Warshaw to defend against predators"
and results seemed good to me .... assets under management up if I remember rightly while outflows also up taking the shareprice down owing to hedge funds looking to make a quick buck.
Seems to me, that outflows with increased holding assets simply means folk have taken profits.
I don't have a problem with that.
GLA