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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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%.