The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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On the other hand, inflation is c. 3% in the States & interest rates are still rising. We've got a long, long way to go here yet. They may have called this right.
Hmm thanks for that. Next q is: does this directly impact JUP.L or does it just impact one of their "theme" funds? Of course if it were an epic train-wreck it would hit JUP.L one way or another - something like ASHM.L's contamination from Evergrande. Anyway there seems to be a prevalent opinion out there that the "inflation/interest rates will rocket further" saga is overdone. Maybe this is the 1st time ever I agree with the Torygraff.
After the dividend announcement I expected the shares to go up? Why is the share price not higher???
It was mentioned in the Torygraph a few weeks back. They considered it a very risky strategy, and downgraded JUP to a "sell" as a result.
Cogitoe, well done great entry, I paid slightly more 1.06p for a small trade , but I prefer to " Love em and leave em" the shares I mean , kept small profit in shares though ....atb
Bought @ 98p Oct feeling the love
Pleasant surprise this morning, ex dividend not far off either....atb
Yes, Market Cap £590m of which £230m net cash. Seems a no brainer for somebody to have a go.
Seems shocking sentiment at the moment, surely getting looked at for a takeover at this price?
This may be totally bogus but somewhere behind a paywall, maybe FT, was some write-up about JUP.L shorting bonds, the idea obviously being that BoE will drop rates much slower than the market has priced in. Anyone know about this?
And it is better day today ,nice
83p was the low .... if memory serves me correctly ... not too far off from 65p given the 240p Jupiter traded at in the early part of 2022.
You might be happy for a company with investment managers that regularly underperform their benchmark index, where your dividends being paid to managers of the Chrysalis fund, along with third party firms to try to prevent a takeover ... but I'm not so happy, and is why I side stepped into other shares in the same sector with better management.
From my point of view, if a lose X in JUP and shift funds to make X back on POLR .... I'm not quite sure what difference it makes.
Maybe you can explain the error in thinking?
The idiot is back
I think JUP will be fine and the divi is now well covered by cash. I have sold out at the peak between 140/150 but bought a lot below 100. I will buy back in when/if other shares go the right way. L&G/Phoenix look safer with a higher divi but I think Jupiter will get bought out and so more upside. Nothing TOD said last time made any sense and didn't come true. Good luck LTH's and I might be back in soon.
"It is good job people don't listen to the idiot poster who said that they would buy at 65p"
That "idiot" as you call it .. bailed at 125p didn't take the divi ... still has a price target of 65p ... and made their money back stepping sideways in the sector with management teams a little more clued in than in Jupiter.
I like to sleep at might.
:)
Now that the proposal to buy back £16m of shares has been thrown out by shareholders, the BoD should pay it out as a divi. Approx 3p per share according to my calcs.
I could be wrong, but aren't those details only required for FY and HY results?
Your "What is being hidden?" comment implies that JUP has changed it's reporting method, but if you look back at previous April trading updates (I've been back 3 years) there's no mention of profit, cash or debt outlook. So like-for-like, as far as I can see.
I only have a small holding of these but the top line news of £1.5bn of gain on the markets and £1bn pulled out by retail investors is fine. Actually the pull out from retail could have been far worse at the peak time of this 'cost of living crisis'. The fact there's 1.5bn market gain just indicates what probably all of us know here .... timing is good to buy/add into managed funds portfolios.
IR and CPI outlook will turn significantly so I expect this SP to grow steadily during 2023.
Obviously there is an opportunity to acquire and if that's really going to happen you would expect something to emerge prior to half yearly. However, I don't think this will be sold at enough discount to make it worthwhile.
Profit in line with market expectations, or not as the case maybe, plus net cash/debt outlook. In short bog standard stuff in trading updates.
What were you expecting them to say that they haven't said schwee?
"AuM rose by £0.6bn to £50.8bn. Jupiter pointed to positive market movements of £1.5bn and positive net flows from institutional clients of £0.1bn."
Today's RNS was not as advertised a Trading Update, but an AUM update which is something completely different.
What is being hidden?
This was partially offset by £1.0bn of net outflows from the retail, wholesale and investment trust channel. Jupiter said the "risk off environment" seen through 2022 continued into the first quarter of this year.