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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Did say get in quick...991p+ now, still good though for a longer term investment.
Yes biggest loser today on the FTSE 100, by far at over 4%.
No real reason IMHO so time to buy...just under 989p available atm.
990p now on offer.
I can only see good news in Q3, so drop today surprised me. Good day to top up then for me at 992p...lovely.
Dividend I cannot see changing much so over 4% return now on the year. What is not to like?
First time I have ever posted on this BB. To all those invested here, I have substantial (as far as I'm concerned!) investments with St James's Place and have since 1995 and never regretted it for one minute. Ignore all the "Tipsters", "Predictors" "Tippers" and "Ratings". Simply invest in a Company that you can trust and let these Guys do what is best for your investments. That is what St James's Place is there for and they have never let me down. That's it. Put simply.
And tipped to go higher. I just wish I had started a share plan at the same time as my pension top up in 2012 these were around £3.50! GLA investors.
I'm sure that the results will be fantastic, they always have been, given the favorable regulatory landscape that SJP are able to operate in. I don't think that the board have dealt with regulatory issues; rather they seem to be pointedly ignoring them, despite repeated questions around the sustainability of their current business model. Either the board really don't see the upcoming regulation as an issue (unlikely, they're not stupid), or they plan to make some major changes to the company's charging structure over the next year. While this would have a material impact on the company's future growth potential, SJP will still have �100bn under management so with lower charges & costs, would be able to survive in the long term, albeit with significantly lower profits, potential for growth, and number of employees.
That escalated quickly - I guess I'm not THAT sure about this - Do you see the situation in a different light? I'd be interested to hear your thoughts. SJP are a beast of a company, but isn't there a danger that increased regulation will have an effect on their margins?
Ha ha - Not an adviser but I get your point - Perhaps I've spent too much time reading CityWire forums! Maybe I'm wrong; SJP have been around for a long time and have certainly dealt with other issues with ease. It just seems like there's a lot against them at the moment. Time will tell!
Oh dear....You all know how to use Google.....
Morning All, First time poster here so let me know if I do something wrong!! I know this company very well and have considered investing in the past. However, I believe that SJP has had its day in the sun and can't grow at its current rate for much longer. The FCA has made it very clear that it will be focusing on 'value for money', 'conflict of interest' and 'transparency', all things that SJP struggle with on many levels: FCA Asset Management Review - Regulator looking at charges for fund houses and if lower costs are passed on to clients (in SJP's case, they're not, by a long way!), first set of remedies due next month: http://citywire.co.uk/new-model-adviser/news/sjp-fund-charges-where-the-money-goes/a1040944 Concerns over vertically integrated firms - SJP is the epitome of vertical integration, and this is how it is able to achieve such vast profits. The firm was able to (somehow) get around Retail Distribution Review rules, but now the spotlight is very firmly on whether their model offers value for money to customers, rather than shareholders. FCA's interim report due this summer: http://citywire.co.uk/wealth-manager/news/fca-voices-suitability-concern-over-vertically-integrated-firms/a1008926 Contingent Charging: SJP's business model is based on charging a % of funds under management, first as an initial 5% charge on many products, then an ongoing cut. Apart from being very expensive, the FCA has voiced concerns over % charging for pensions, SJPs main earner. Changes to how SJP can charge on their sales would have an extremely negative effect on its salespeople (partners): http://citywire.co.uk/new-model-adviser/news/fca-weighs-ban-on-contingent-charging-for-db-transfers/a1104942 Apart from that you've got the cold call ban probably coming into force in June; the vast majority of SJP salesmen use cold calling to drum up business, a possible visit from HMRC re their 'army' of 'self-employed' salespeople (who possibly aren't even self-employed - Imagine the NI bill.....), AND probably another look at their exit charge or 'early withdrawal fee', which is basically completely against the rules.... A great deal of regulatory headwind at the moment, and not sure how much longer they can continue with their current model.... Thoughts?
Below my �11 top up price...so guess what I am adding.
We are up.....no real reason for the fluctuations IMHO. Just the robotic trading I guess.
Took the opportunity to top up. Looking for some upside and the dividend
up and down like a brides nightie.
Gone a little pear shaped today. Could be buying next week.
reff, It was my intention to start selling @�12.00. I think I will continue to hold now, even when it reaches that level. Perhaps �12.50 may see me starting to waver.
Love this company it’s one you can leave the best part of your life savings in and just dip in every now and then or top up when the odd occasion let’s us like few weeks ago :) gla
As I thought good results and a decent final divi of 27.45p. Share price picked up yesterday's loss and a bit more. happy days!
reff, I am not too concerned. I have seen too many over reactions on results day on other shares. I will take what happens tomorrow with the share price. If it drifts downwards, it will pick up. I am sure we will get a decent divi.
Good rise with only 2 more days to final results...can we expect to see �12 again?
Good show STJ
Wasn't thinking that mifid II would trouble STJ too much, but I may have to reconsider. I would have thought that their charges to investors were very transparent already and other costs to them for market info would be minimal. Only just dipped my toe back in last week, so I will see how it goes. Not in a hurry.
Reff, Market is / has corrected. So a reasonable time to buy good shares with reasonable divi returns. STJ is one of these and I like to hold some of these type of shares in my portfolio. However if I am making a quick 5 -10% return, I like to take the profit too. Here I will accumulate at �11 and reduce at �12.
Sold most of my holdings here as the price to sell got too tempting as the FTSE100 peaked. Now it has fallen to a little over �11, I am increasing my holdings once again. Maybe holding until next divi payout.