Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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the current price does not reflect this growing company with a great team and excellent customer service
I would have expected a more positive reaction to strong results and capacity growth. They are surely capitalising on the significant market changes post RDR and whilst the long term prospects for quality "human" advisory models (v ROBO) may not be as good as they were a few years ago, it seems to me SJP have the upper hand and a solid business model and brand. I'm a holder on a long term basis having bought 7 years ago..
Only the beginning ! Gla
the £10 barrier soon. Set to succeed this time?
Why?? I thought this would do well today?
After such promising interim figures why is the SP falling so drastically??
St. James's Place Plc (STJ.L) Announced, in its interim management statement for the three months ended 31 March 2015, that there is an 11% increase in new single investments to £2.0 billion and a particularly strong growth in unit trust, ISA and pensions business as its clients took encouragement by way of the higher ISA savings limits and the introduction of increased flexibility for retirement savings. This level of new business, together with the continued excellent retention of existing client funds, resulted in a net inflow of funds under management of £1.3 billion up 9%. Also, net inflow of funds under management stood at £1.30 billion (2014: £1.19 billion) - up 9%.
Any views on target price? Me £10.20
<b>5 Top Budget Winners: Hargreaves Lansdown plc, Taylor Wimpey plc, Barratt Developments plc, Diageo plc & St James’s Place plc</b> By Roland Head - Wednesday, 18 March, 2015 Updated 20 March 2015 Money matters Some of the biggest changes announced today related to savings and pensions. There will be a new flexible ISA that allows savers to withdraw money and pay it back in later in the year without losing their tax-free allowance. Tax on savings interest will also be cut. However, the big news for investors was that up to 5m people who have already bought annuities will be able to cash them in, presumably with a view to reinvesting the money elsewhere. The most likely beneficiary of this decision is Hargreaves Lansdown (LSE: HL), whose share price rose by 5.6% after the Budget. Fellow FTSE 100 wealth management firm, St James’s Place (LSE: STJ), is also likely to benefit, and was up by 3.6% this afternoon.
St James's Place broker views Date Broker Recommendation Price Old target price New target price Notes 12 Mar Goldman Sachs Buy 0.00 950.00 1,020.00 Retains 05 Mar Numis Add 0.00 - 1,000.00 Reiterates 03 Mar Credit Suisse Neutral 0.00 950.00 970.00 Reiterates 27 Feb Barclays Capital Overweight 0.00 939.00 1,009.00 Reiterates 26 Feb Beaufort Securities Buy 0.00 - - Reiterate
STJ Future Forecasts........ St James's Place PLC FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 18-03-15 BUY 170.00 32.89 26.30 198.00 38.12 30.90 Peel Hunt LLP [D] 18-03-15 HOLD 597.33 84.91 26.80 Shore Capital [R] 13-03-15 BUY 209.00 32.40 24.50 Numis Securities Ltd [D] 05-03-15 ADD 33.30 28.00 40.50 33.50 Westhouse Securities 18-12-14 BUY 2015 2016 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 182.38 32.74 25.73 198.00 38.12 30.90 1 Month Change -7.04 0.09 0.32 0.00 0.00 0.00 3 Month Change -7.03 0.09 0.32 0.00 0.00 0.00
<b>Budget 2015 - winners and losers named</b> By Lee Wild | Wed, 18th March 2015 - 15:06 <b>Wealth managers</b> Other financiers did better. Osborne announced a handful of changes for savers "based on the principles that cutting taxes increases the return on savings, and that people should have freedom to choose how they use those savings." These a new fully Flexible ISA which, from the autumn, will let people take money out, and put it back in later in the year, without losing any of their tax-free entitlement. From April next year the first £1,000 of the interest you earn on all of your savings will be completely tax-free. For higher rate taxpayers it's £500. <b>Hargreaves Lansdown (HL.) and St James's Place (STJ) both did very well from this "savers' budget", rallying in the aftermath.</b> "The savings changes should be welcomed and they create an even greater need for quality advice," says Brett Williams, managing director, SEI Wealth Platform, UK Private Banking "The reduction on the pensions cap is disappointing, but leaving alone tax relief makes pensions saving even more attractive following the relaxation on annuities and the tax changes." Letting those who have already bought annuities cash them in is also interesting. "This extends the greater pensions freedom and flexibility announced in the last budget from those not yet retired to existing pensioners," explains Steven Andrew, Manager of the M&G Episode Income Fund. "This is a game-changer, but now retirees need to understand the full range of options and investments that are available to them.
<b>St. James's Place plc Given Consensus Recommendation of “Buy” by Analysts (LON:STJ)</b> March 16th, 2015 Updated 19/March/2015 by ABMN Staff Shares of St. James's Place plc (LON:STJ) have earned an average recommendation of “Buy” from the seventeen analysts that are presently covering the company, StockRatingsNetwork reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 976.20 ($14.40). A number of research firms have recently commented on STJ. Analysts at Sanford C. Bernstein reiterated a “market perform” rating and set a GBX 1,030 ($15.20) price target on shares of St. James's Place plc in a research note on Monday. Analysts at Goldman Sachs raised their price target on shares of St. James's Place plc from GBX 950 ($14.02) to GBX 1,020 ($15.05) and gave the company a “buy” rating in a research note on Thursday. Analysts at Numis Securities Ltd reiterated an “add” rating and set a GBX 1,000 ($14.75) price target on shares of St. James's Place plc in a research note on Thursday, March 5th. Finally, analysts at Morgan Stanley raised their price target on shares of St. James's Place plc from GBX 963 ($14.21) to GBX 1,097 ($16.18) and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Shares of St. James's Place plc (LON:STJ) traded up 0.8030% on Monday, hitting GBX 941.5000. The stock had a trading volume of 423,940 shares. St. James's Place plc has a one year low of GBX 637.0000 and a one year high of GBX 961.5000. The stock’s 50-day moving average is GBX 901.51 and its 200-day moving average is GBX 785.61. The company’s market cap is £4.85 billion. St. James’s Place plc is a financial services holding company, with principal interests in the provision of wealth management advice and services to the clients. The Company offers a range of insurance, investment and other wealth management services, through its subsidiaries, which are principally incorporated in the United Kingdom and Ireland.
Let's see 1000 soon. Onwards and upwards. Great share to be in over the years :)
STJ..... St James Yep heres a list of Broker views over the past few days...... Date Broker Rec. Price Old target price New target price Notes 27 Feb 15 Barclays Capital Overweight 945.00 939.00 1,009.00 Reiterates 26 Feb 15 Beaufort Securities Buy 945.00 - - Reiterates 26 Feb 15 Deutsche Bank Buy 945.00 975.00 975.00 Reiterates 26 Feb 15 JP Morgan Cazenove Overweight 945.00 924.00 924.00 Retains 25 Feb 15 Shore Capital Buy 945.00 - - Reiterates 25 Feb 15 Berenberg Buy 945.00 950.00 950.00 Reiterates
<b>St James's Place "very well positioned", says Berenberg</b> 25 February 2015 10:43 The "strong performance continues" at St James's Place, according to Berenberg, after 2014 results from the wealth management group topped forecasts on Wednesday. The broker reiterated a 'buy' recommendation and 950p target price for the shares. Berenberg said St James's Place results "reflected a continuation of the positive trends seen in recent years". Operating profits on a European Embedded Value (EEV) basis were 29% higher than 2013 at £596.4m, a 12% beat to consensus, according to Berenberg. "Management commentary around the outlook for the business remains positive, believing that new investments and partner growth bode well for the delivery of the medium-term objectives," the broker said. "With an ever-widening savings and advice gap in the UK, coupled with the opportunity for St James's Place to export its business model to ex-pat communities, we believe that the company remains very well positioned
25 Feb 2015 St James's Place PLC STJ Shore Capital Buy 935.00 892.00 - - Reiterates
The "strong performance continues" at St James's Place, according to Berenberg, after 2014 results from the wealth management group topped forecasts on Wednesday. The broker reiterated a 'buy' recommendation and 950p target price for the shares, saying: "With an ever-widening savings and advice gap in the UK, coupled with the opportunity for St James's Place to export its business model to ex-pat communities, we believe that the company remains very well positioned."
<b>BUZZ-St James's Place: divi surprise sends shares to record</b> 25 Feb 2015 - 10:04 * Strong divi lifts St James's Place <SJP.L> to all-time high, poised for biggest 1-day pct gain in a yr * Co lifts final divi by 50 pct to 14.37p, more than the 40 pct increase it had flagged to mkt [ID:nL5N0VZ1J5] * Stock, up 4.8 pct, top FTSE 100 <.FTSE> & 2nd most actively traded stock on index, with nearly all of 90-day daily avg volume having gone through * Robust asset growth helped it beat FY cash profit forecasts; wealth manager benefited from govt reforms allowing individuals more tax-free savings at time of low-interest rates that discourage savers from leaving money in bank accounts (RM: tricia.wright1.thomsonreuters.com@reuters.net)
25 Feb 2015 St James's Place PLC STJ Berenberg Buy 939.25 892.00 950.00 950.00 Reiterates
<b>St James's Place posts FY profit beat, ups dividend</b> 25 Feb 2015 - 07:48 FY cash profits up 24 pct year on year to 173.8 mln stg Ups final dividend by 50 pct, beats expected 40 pct rise Aims to pay out 75 pct of cash profits in future By Simon Jessop LONDON, Feb 25 (Reuters) – British wealth manager St James's Place posted forecast-beating full-year cash profits on Wednesday, boosted by a rise in assets, underpinning a surprise increase in the firm's final dividend. The group, which also provides a range of services through its Partnership network of financial advisors, said profits rose 24 percent year on year to 173.8 million pounds, boosted by a 20 percent increase in net new funds under management to take the total to 52 billion pounds, from 44.3 billion in the prior year. The jump in profits enabled the company to increase its final dividend by 50 percent from the previous year, to 14.37 pence, more than the 40 percent increase it had flagged to the market. "This gives a full year payout of 70 percent of the underlying cash and in future years we expect our dividend payout ratio to be broadly in line with 75 percent of the cash result," Chief Executive David Bellamy said in a statement. St James's Place has benefited from government reforms allowing individuals to save more tax-free, at a time of low-interest rates that discourage savers from leaving money in bank accounts or other money market instruments. (Reporting by Simon Jessop, editing by Sinead Cruise) ((simon.jessop@thomsonreuters.com)(+44)(0)(207 542 5052)(Reuters Messaging: Reuters Messaging: simon.jessop.thomsonreuters.com@reuters.net)
St James's Place International has been granted a life insurance licence in Singapore. The licence was granted by the Monetary Authority of Singapore and means the company can offer its non-contractual, International Investor Account product to clients from its base in Singapore.
... to see SJP break out of doldrums. Love this share. Always hold it. Miss G ;-))
<b>Panmure Gordon Reaffirms “Buy” Rating for St. James's Place plc (STJ)</b> Posted by Max Byerly on Feb 18th, 2015 Updated Feb 19th 2015 Panmure Gordon reaffirmed their buy rating on shares of St. James's Place plc (LON:STJ) in a report issued on Monday. They currently have a GBX 977 ($15.06) target price on the stock. St. James's Place plc (LON:STJ) opened at 904.00 on wednesday. St. James's Place plc has a 52 week low of GBX 637.00 and a 52 week high of GBX 908.50. The stock has a 50-day moving average of GBX 837.9 and a 200-day moving average of GBX 761.2. The company’s market cap is £4.638 billion. A number of other firms have also recently commented on STJ. Analysts at Credit Suisse reiterated a neutral rating on shares of St. James's Place plc in a research note on Monday. Analysts at Sanford C. Bernstein reiterated a market perform rating and set a GBX 835 ($12.87) price target on shares of St. James's Place plc in a research note on Wednesday, February 11th. Analysts at Numis Securities Ltd reiterated an add rating and set a GBX 1,000 ($15.42) price target on shares of St. James's Place plc in a research note on Thursday, February 5th. Finally, analysts at Barclays reiterated an overweight rating and set a GBX 939 ($14.48) price target on shares of St. James's Place plc in a research note on Monday, February 2nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. St. James's Place plc presently has a consensus rating of Buy and an average target price of GBX 934.36 ($14.41). St. James’s Place plc is a financial services holding company, with principal interests in the provision of wealth management advice and services to the clients. The Company offers a range of insurance, investment and other wealth management services, through its subsidiaries, which are principally incorporated in the United Kingdom and Ireland.