Jupiter Fund Management Share Price (JUP)

Maybe I spoke too soon.
Surprising announcement yesterday.
Could result in a big outflow of funds for any loyal clients.
400p looking a decent price now.
Broker updates/targets following the news announcement will be interesting as well as any comments from the company between now and the results.
gla

Pleasantly surprised at this sustained rise.
Sold half my holding at just over 400p to put elsewhere thinking it would not go much higher in the short term.
It will be interesting to see the half year results at the end of July.
Will maintain current position while the decent dividends continue and maybe dip back in if there is a drop (but only below the 350 level).

In response to the previous post, I think the Woodford situation will have limited impact as (imo) a large proportion of his investors will have been PI's and high net worth individuals based on his past reputation and II's investing based on his past good relationships.
Jupiter has no private client business, so little scope there and I am not sure there is much overlap with Woodford's more 'niche' funds to gain many (if any) II's. New mandates take time to win also, so any benefit may not be seen in the AUM until the end of year. Interesting to see though.
gla

I've noticed the percentage short has come down from over 10% in May to around 6-7% now. I also wonder how much the Woodford fallout is impacting Jupiter? We we able to hoover up a few of his ex-clients? We'll find out on 30th July I suppose. ATB

Well there you go folks. Me selling a share gives it a kiss of life again! Up 15% since I left. BT which is where money went is up 4% (at least it’s up!)

The CEO just bought half a million quids worth just before the close of the 2 month window before interim results announcement.

Here's his BIO courtesy of Simplywallstreet

Mr. Andrew James Formica has been Chief Executive Officer and Director of Jupiter Fund Management plc since March 1, 2019. Mr. Formica has serves as a Director of The Investment Association and was its Deputy Chairman until September 2018. He served as Advisor of Janus Henderson Group plc since July 31, 2018 until December 31, 2018. Mr. Formica served as Co-Chief Executive Officer and Executive Director of Janus Henderson Group plc since May 2017 until July 31, 2017. Mr. Formica was Chief Executive of Henderson Group from November 2008 to May 2017. Mr. Formica serves as the Chief Executive Officer, Managing Director, and Director at Henderson Global Investors Limited. He was a Non-Executive Director of Hammerson plc since November 26, 2015 until April 2019. He has been with Henderson since 1998 and in the fund management industry since 1993. He has held various senior roles with it. He served as Joint Managing Director of the Listed Assets business from September 2006 and as Head of Equities from September 2004. In the early part of his career, he was an Equity Manager and Analyst for Henderson. He was a director of TIAA Henderson Real Estate Limited from April 2014 to July 2015. He received a Master’s Degree in Economics from Macquarie University in 1993 and an MBA from London Business School in 2001."