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One can't give financial advice on the web Krusty .... such a person could be liable if someone takes that advice and loses money.
T_o_D lol - love it!! Guess I haven't told the story on here, to cut a long story short it's supposed to act as a warning to anyone thinking of following any "advice" they might perceive they got from me. Imagine the conversation with the wife if a share goes ****-up - "well Krustysmegma told me to buy them".
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. Yes the shorts are in charge at the moment but there will be a huge short squeeze soon and we will rise 50% short-term. Long-term we could go to the wall but I expect JUP to be taken over or a strong recovery. Jupiter is also famous for value investments and this might be back in favour.
“ I presume you've changed your mind” I presume you can’t afford Parmesan.
"60p target for this share going forward IMHO."
I presume you've changed your mind about topping up at 115p then??
hundred and teens here we come.
Meanwhile, how much did Jupiter spend trying to avoid a takeover? That money would be quite useful bow.
60p target for this share going forward IMHO.
Would this be the same Blackrock with a 0.59% short position in Jupiter?
The analysts got this right …. There has indeed been a sell off in the bond market and equities along with growth companies that has damaged the bottom line here, severely.
This gives two options, hold Jupiter or move into the same bond sector … since both will be correlated.
If Jupiter tries to save costs by reducing performance fees, for example, the best fund managers will walk …
…. and with Beesley not being given a say today, there is no direction going forward for a few months.
Negatives have superimposed here …. But that’s life.
I think we need to look at 2009/2010 results and compare them... Share prices are quite similar ,problems also familiar.
Maybe T_o_D but BlackRock are still adding, the new CEO just spent £50k on shares and two NEDs bought £150k's worth between them. That sounds like a pretty clear indication of where they see the business going, and they've got access to a lot more information than us lowly PI's.
There is a sense of irony in Jupiter bailing the Woodford fund because of heavy investment in unlisted companies, and getting out before suspension, then getting stung by Chrysalis albeit a closed fund under the same scenario.
Formica appointed to grow the institutional side, and failed miserably, with no guidance for several months pending the handover.
Sloppy management devoid of direction.
Expect shorts to have another go with the next market sell off.
Sometimes bailing feels better than topping up ..... ;)
Presentation slides are available for viewing, that supports the results released. The big hit taken by Jupiter is in terms of the bond market - Dynamic and Strategic Bonds in particular in terms of AUM .... along with the Chrysalis fund as a legacy of the Merian takeover following the sell off in tech stocks.
Jupiter share has pretty much tracked the Chrysalis this past year.
I am struggling with the difference in basic profit and adjusted. What adjustments are needed? Am I right that basic is the underlying cash generation? I.e. what you use to pay the divi?
Has Formica left it to the new guy to swing the axe on the divi later in the year?
Anybody understand why both receivables and payables increased by such huge amounts.
Special dividend not paid from 2021 is how they afford it …. This time. One can see why Formica fell on his sword.
Not quite sure how they afford that divi.
What do the 24 million of performance fees relate to? Anyone? Relieved that dividend is held at 7.9.
115p I'll top up.
Go for it
Top Up - it feels good
Indeed .. to top up or not to top up .. that is the question.
;)
Was it Ye Olde "Sage" of Omaha who said when others are selling buy.
Even if the profits on this sucker dropped by 50% it still looks like good value.
Well it's not looking too clever this morning & that's a fact! I invested on the basis that, even if the divi is cut by 50%, it's still a decent return. Any hint at improvement on Friday will quickly see this re-rate. Accepting, of course, it could go the other way - let's see!
Anyways higher inflation means higher salaries means higher investment sums needed for pensions.
Both JUP and ABDN have been hit hard by downgrades where I expect a divi cut … and the fact that JUP could start a buyback in shares but chooses not to at these prices unlike ABDN does not fill one with confidence.
"T_o_D I like that strategy, I like it a lot! £1 would, after all, equate to over 17% yield at current rates."
Yields are high for a reason ... looks to me as though the latest RNS release has been leaked.
Short interest here is sub-1%.