Firering Strategic Minerals: From explorer to producer. Watch the video here.
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My £5.50 target reached! I was quietly confident lol 😄
Some fairly big movements here recently. I get the feeling that sentiment is changing for the positive. How are others seeing things?
Still showing as a FTSE 100 company. Anyone know when it will be put into the 250? And any idea what impact that will have on the price?
STJ is different from MNG / LGEN in that it only provides unit linked insurance funds. As such it charges fees for administration and asset management, but does not take financial risks itself (these are all client risks). As a result it is a capital lite business.
This makes reputation and investment performance critical to its proposition as clients can move their money relatively easily to other providers.
The SJPartners distribute the products and are well rewarded with advice and servicing fees. SJP has the largest tied sales force which makes it a powerful driver of profits. Others rely more on IFAs to distribute their products which is a more competitive model.
Didn't expect such a huge leap today!
Another fantastic day. Surely £5.50 on the cards now?
It would only be undervalued if all the bad news was out in the open, a strong and consistent recovery plan was announced including wide reaching restructuring of its workforce and an investigation into how they managed to forget to record ongoing advice for over a decade.
SJP has failed to get the basics right, they mislead the FCA, their shareholders, clients and advisers.
Is this Business undervalued and on what basis other earnings, and how is this Business different from MNG and Legal and General?
£5 hit!!
Very strong rise here today. Speculation about a takeover bid after the Hargreaves Lansdown offer?
10% up in a week! Is this about to break £5 again?
Looking at the detail, SJP is receiving net new investments in its pensions business the investment and unit trust business has net withdrawals in a period that covers “ISA season” it’s a sign that only the stickiest new business is holding up and who knows if this will suffer the same decline in time as regular contributions are diverted by concerned clients.
Business as usual then !
Trading statement tomorrow, it would have to rise today to give room for another big fall.
I wonder what skeleton is coming out this time
Top 5 FTSE100 riser today!
Norwegians bullish here.......wonder where purchases will end.........
Is that a real thing or just speculation at this point?
£280mn feels like there is a zero missing assuming they may have to start compensating partners and clients.
This failure to record evidence of ongoing advice cuts both ways and SJP is the only one to blame.
I wonder if they have a group of people watching the post office fiasco thinking we are next.
Get ready for dilution, capital raise coming, all they have is a 280m revolving credit facility left, target price 2.80. Its exit from ftse 100 won’t help.
That director buy was the old CEO so I wouldn't put much store in it myself...
I’m hoping the story about directors buying at £6 is old news because as bad as them losing 1/3 of the value would be if they paid 50% more than the current price now they really would have lost the plot.
Yesterday was exactly what you’d expect, at some point the shares were going under £4 depending on when and how far was really going to decide where it ended up. The early strong fall prepared the ground for a bounce, maybe a little stronger than expected, if the price had made it through to mid-afternoon without breaking through it would have fallen further when it did go.
Today is a different day £4 is no longer as much of a barrier so it’s back to anyones guess till the £3.50 support gets challenged.
I just think that there's still more bad news to come. Just my feeling. Very volatile share so definitely worth having a daily bet on it. Wouldn't hold long term, especially with the geo-political issues thrown in too. Director buys are usually red herrings in my opinion; an attempt to calm the market when clearly all is not well.
Everything feels a bit desperate here so will be interesting to see what they have to say for themselves at the end of the month. Institutions seem to be buying too so let's see who's right. Either way, plenty of money to be made trading it.
There'll be a short term rise as we head towards the final dividend date and the earnings at the end of the month. Good for a trade but still uninvestable IMO. Reputation tarnished and could take years to repair it. General trajectory is still downwards. Wouldn't be surprised to see it it below £3 by the summer.
Looking for 300p to get on board.
Porsche 1946. what a boring old bistard you are, get a life old timer, before you run out of time.
This dogshxt is heading for a couple of quid a share, it’s business model is utterly terminal, same as Hargreaves Lansdown, ftse full of this crap, poorly managed dross with declining models listed on the most hated exchange ( thank brexit, massive outflows every year since 2016) in the world.