Member Info for Temple_of_Doom

Choppy share that is a leveraged play on the China Index …. Was heavily down in May sold out with a small profit as it past 400 dripping back in now buying back profits … hoping for 300p again … China lockdown may hit the share hard along with FT saturday suggesting business is rerouting supply away from China.

Taiwan is the political concern.

GLA

.. for me, I have avoid of anything/anyone remotely linked with Woodford. Wish I'd spotted the link earlier .. too late now.

GLA

"To keep the dividend the same shows confidence and at 60p the company would be on a 20% dividend rate which would only happen if the company is going bust and everyone knows it. So T O D is full of BS."

Royal Bank of Scotland, Lloyds Bank, and HBOS all showed the same confidence in the summer of 2008.

You're betting on bonds recovering CHRI5P, the UK stock markets recovering from their Brexit hangover, a curtailment of outflows from Jupitor, with no further downgrades on fund ratings by morning star, with top fund mangers staying put.

2017
"John Chatfeild-Roberts, head of Jupiter Asset Management’s Merlin funds range, has withdrawn the majority of its investment from the Woodford Equity"

July 2022
"The damage has been compounded by open-ended funds at Jupiter also holding a sizeable stake in the investment company. As Chrysalis’ shares have slid by two thirds in the past nine months, fundholders have endured losses of more than £200m"

28/7/2022
"Hargreaves Lansdown funds ditch Jupiter small caps team"

Too many red flags for me.

One can't give financial advice on the web Krusty .... such a person could be liable if someone takes that advice and loses money.

“ I presume you've changed your mind” I presume you can’t afford Parmesan.

Meanwhile, how much did Jupiter spend trying to avoid a takeover? That money would be quite useful bow.

60p target for this share going forward IMHO.

Would this be the same Blackrock with a 0.59% short position in Jupiter?

The analysts got this right …. There has indeed been a sell off in the bond market and equities along with growth companies that has damaged the bottom line here, severely.

This gives two options, hold Jupiter or move into the same bond sector … since both will be correlated.

If Jupiter tries to save costs by reducing performance fees, for example, the best fund managers will walk …

…. and with Beesley not being given a say today, there is no direction going forward for a few months.

Negatives have superimposed here …. But that’s life.

There is a sense of irony in Jupiter bailing the Woodford fund because of heavy investment in unlisted companies, and getting out before suspension, then getting stung by Chrysalis albeit a closed fund under the same scenario.

Formica appointed to grow the institutional side, and failed miserably, with no guidance for several months pending the handover.

Sloppy management devoid of direction.

Expect shorts to have another go with the next market sell off.

Sometimes bailing feels better than topping up ..... ;)

Presentation slides are available for viewing, that supports the results released. The big hit taken by Jupiter is in terms of the bond market - Dynamic and Strategic Bonds in particular in terms of AUM .... along with the Chrysalis fund as a legacy of the Merian takeover following the sell off in tech stocks.

Jupiter share has pretty much tracked the Chrysalis this past year.

Special dividend not paid from 2021 is how they afford it …. This time. One can see why Formica fell on his sword.

... and impatient. Profits left in .. time to move on.

GLA.

115p I'll top up.

Indeed .. to top up or not to top up .. that is the question.

;)

Anyways higher inflation means higher salaries means higher investment sums needed for pensions.

Both JUP and ABDN have been hit hard by downgrades where I expect a divi cut … and the fact that JUP could start a buyback in shares but chooses not to at these prices unlike ABDN does not fill one with confidence.

"T_o_D I like that strategy, I like it a lot! £1 would, after all, equate to over 17% yield at current rates."

Yields are high for a reason ... looks to me as though the latest RNS release has been leaked.

Wow that was sell off down to 76p ... back to being patient :(

"Don't expect immediate results."

Fair point .... I recollect a few years ago, probably 2017 flipping a coin on IPF versus NAH ... both with very high dividends at the time ... I closed IPF .... position ...

.. I lost in settling for NAH.

;)

Took 88p this morning back in 82.5 now .. I'm an impatient type.

;)

"Perfect tsunami of events" Compensated for by an even weaker £ c/o Brexit.

Santander is not an investment bank .....

I suspect irony was the word one was looking for :)