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From today's Times:
"Clients who entrusted their cash to Jupiter's fund management star stockpicker Ben Whitmore pulled £1.1bn net out of the business in the 3 months up to March after he announced he was leaving to set up his own firm".
Hope Jupiter find somebody as good to replace him!
Looking at Jupiter I see that the special dividend was a "one-off" covering the termination of the share buy back programme. What is the feeling about future interim dividends, will these be calculated in the same way as the final dividend and perhaps be 50% of that figure (all things being equal) and is it likely to be accompanied by a small special representing a return of capital. Interested in hearing board members views / opinions.
I like the company for the views that have been echoed on this board but am trying to build a view on future divi policy.