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Oops….mr market does not like the HY results..
Interesting share chart , bearish on the RSI, indicator on both weekly and daily time frames. However recent sp, bottom, in area, of previous two troughs, giving current sp, support. Daily RSI, looks like a positive divergence, while still below the bullish 50 level. Recent sp, action has made a double bottom which is positive for a potential rise. Falling down trendline, provides a sp, target of 1200.
I think with the good cash interest rates on offer now coupled with the nightmarishly choppy market conds in the last 15 months I am not surprised to see investor cash flowing out of equity based investments...
Trading update this coming Thursday 27th from SJT, or so I read of.
Is that an impression or a desire ?
"Given current market conditions, we now expect full year gross and net flows of around £18 billion and £11 billion respectively, which would make 2022 our second highest ever year for flows and put the business even further ahead against our 2025 business plan objectives.”? comment from Andrew Croft CEO following interim results for the six months ended 30 June 2022
Expecting SP to return to 1100p in the next few days IMO
Getting the impression that +£10 is not far away.
Good point nutkins100
I’d missed that by focusing on recent past
Saw a broker has reiterated buy on share but dropped target to 1420 from 1600 so past not being guide to future seems to apply to this share! I’ve just sold some on recent rally to free up some cash at a small profit but I always manage struggle to get my timing right on this share including forgetting the ex div date but eventually I’ll buy and hold when I’ve achieved my profit goal or at least seen a recovery elsewhere
It was over £17 in January.
Wondering what the future holds for STJ SP as attained £13 briefly but seems to be trapped in narrow range
Nice to see STJ back over £11
My gut feeling is that this share should be £18 in 18m-2yr and I probably should’ve topped up at around 1050 but heavily in Shell and Provident Financial Group and both have dropped back sharply removing my ability to liquidate some of my holdings - also my pension has taken a paper hit with the general market so falling back on other income to pay routine bills - eventually I think things will swing back but it could take some time
SP falling into my buy zone so think I’ll average down and calculate the yield I’ll be getting
Shares down with market
Hard to say but starting to look good value on a dividend yield basis. £13 not long ago
STJ below 1100 is a buy signal for me especially if it heads down towards 1000-1050 range
Xophe13
Are you able to extend analysis of due dates for STJ divi?
I’ll try to look up but I’m not buying or selling at current level having broken even in aggregate on my current modest holding
Interim Ex-Dividend Date 04-Mar-2021
Interim Dividend Payment Date 24-Mar-2021
Final Ex-Dividend Date 15-Apr-2021
Final Dividend Payment Date 21-May-2021
Very positive results with profit and FUM up together with the decision to pay the additional dividend in Q1.
Expecting Q1 results to be strong too as the economy unwinds and also as spare cash is squirrelled away before 5th April.
(Reuters) - St. James's Place posted a 75% surge in annual profit on Thursday, helped by markets' recovery from the COVID-19 pandemic fallout, and aims for a target of more than 200 billion pounds ($283.08 billion) in funds under management by the end of 2025.
The wealth manager, part of the FTSE 100 blue-chip index, said the final dividend it withheld during the peak of the pandemic would be paid as an interim dividend during the first quarter of 2021, while it set a full-year dividend of 38.49 pence per share versus 49.71 pence in 2019.
Big move today, was wondering why, lets hope its clients like me get a similar rise !!!
Strong gains today. Results due out on 25th Feb. Good gains during Nov & Dec leading up to 31st December year end and strategic move into North America will have helped bolster their accounts. US markets at record highs recently.
Lots of money floating around by wealthy pi's wanting to invest.
.....to my knowledge no life assurance company has traded near an EEV NAV....even takeovers have been at 75%.
Anyway, the HY results look pretty impressive at first sight. Positive NCCF, AUM down 2% only. IFRS profits significantly higher.
Look forward to the presentation
The market has this all wrong. Current EEV NAV £12.28 per share.
April and May very strong months for FS inflows for obvious reasons ‘Partner’ activity will be a lot Lower than normal, plus all providers will be very slow to respond to information requested due to furloughed call centres I agree on AUM, bounce back in the markets very helpful
I am sure the “partners” have been flexible and have been meeting clients on video and using electronic signatures so they can still bring in the money and furlough their back office to save some costs.
Plus delays on withdrawals and transfers will be inevitable.
fee income is driven by AUM so the market recovery will be a major plus for STJ.
One thing to consider, currently no fee is charged to SJP clients if they do not proceed with the transfer. There are stringent internal checks in place with SJP pension buisness with third party companies used to independently assess the safeguard benefits. As a result, many transfers do not proceed. The process is therefore fairly robust, not sure it will have a huge impact and should limit any future claims
I’d be more concerned with future inflows as a lot of the reported inflows will be relating to business written in early 20 before the lock down really hit home