frog_in_a_tree
09 Oct 2018
JUP at tempting price? A lot of good companies are losing ground at the moment as we go through the latest correction. With patience there will be a recovery. Frog in a tree
MONKEYSO
09 Oct 2018
JUP at tempting price? cheers for that frog,yet price has hit another year low. The consensus among brokers,for what it’s worth,is still bearish. I fear it could test 350p before bouncing. The dividend,if held,is certainly tempting!
frog_in_a_tree
08 Oct 2018
JUP at tempting price? Motley Fool posted a positive note on Jupiter today. They say: "…another income play that currently looks cheap to me is Jupiter Fund Management (LSE: JUP). There’s a lot to like about this City institution. For a start, the stock currently supports a dividend yield of 7.1%, and trades at a forward P/E of just 11.9. Earnings growth has allowed management to increase the firm’s payout at an average annual rate of 14.2% for the past six years. And I’m struggling to see why the market has awarded the company such a low valuation. Earnings per share (EPS) are expected to contract by approximately 3.3% for 2018 to 32.7p, which is disappointing. But a recovery, albeit a small one, is scheduled for 2019 when EPS growth is projected to be in the region of 0.6%. Not much, but better than a decline. The one red flag that I can see here is that Jupiter’s dividend is only covered 1.2 times by EPS, below what I’d usually consider comfortable for a dividend. Typically, I’d want to see a cover of 1.5 times, or more. However, I’m willing to overlook this weakness as Jupiter has £313m of cash on its balance sheet, enough to sustain the distribution for two years in the worst case scenario." I’ll stick with Jupiter even though equity markets appear to be turning down at the moment. It is a well managed company and it will improve over time. Cheers, Frog in a tree
MONKEYSO
01 Aug 2018
JUP at tempting price? looking interesting around 430p if AUM stabilise over the next few quarters. If special div paid as usual,this is now yielding around 8%.
r21442
18 Apr 2018
Re: Today's Trading Update but it was up 50% before that 30% drop?Over-reaction today. Twas ever thus.
5haggy
18 Apr 2018
Today's Trading Update All doom and gloom in today's Trading Update."Fund Management" - what a joke! Net outflows of £1.3bn. in the last quarter to 31 March.Share price down another 5% this morning, making a total drop of about 30% so far this year.Absolute rubbish. No great loss to the Directors - they'll still pick up their fat fees for mis-managing the company.
r21442
11 Apr 2018
Re: SP drop My guess is simply the bear market dragging down the asset managers that earn a % management fee so their earnings are going down too?
kittermaster
10 Apr 2018
SP drop Does anyone have meaningful info. explaining the relentless decline in SP over the past 4 months.
alibaba 40 hirsiz
11 Jan 2018
Re: Price Thanks to all - FIAT especially for detailed inf. Others, also, thanks for very useful and sensible comments. Appreciated.
r21442
11 Jan 2018
Re: Price IC reckoned that while AUM was up again it was up less than in previous quarters suggesting a slowing.
jarfurrank
11 Jan 2018
Re: FWIW ..a Motley view FIAT - thanks for the information.Will keep JUP on my 'watch list'.
frog in a tree
11 Jan 2018
FWIW ..a Motley view I just found this on Motley Fool:"Jupiter Fund Management (LSE: JUP) also issued a trading update after a strong year of 36% share price growth as stock markets boomed. However, the market is not quite so sanguine about today’s results, with the stock dipping 2.12% at time of writing following a slowdown in net fund inflows to £600m. Across 2017, total inflows were a buoyant £5.5bn, which compares favourably to just £1bn across 2016. Assets under management also increased, rising 24% over the year to £50.2bn. CEO Maarten Slendebroek hailed a year of “consistent progress” as strong investment performance provided positive returns for clients after fees.Slendebroek said the £2.63bn group’s diversification strategy is paying off as it launches a number of new funds targeting emerging and frontier markets. Jupiter also expanded its geographic reach with flows from clients in Thailand and Latin America. Its timing was good and last year was certainly the right one to target emerging markets. The top performing global asset class returned 25%, figures from Fidelity show. The FTSE 100 also had a strong year.I am wary about tipping a fund manager with global stock markets at record highs and people once again worrying about a correction. However, Jupiter’s forecast valuation of 16.7 times earnings does not look pricey, and EPS are forecast to have grown a healthy 18% in 2017, with another 9% expected in 2018. then, the yield is forecast to be 5.1%. Jupiter could be an even hotter destination if the market dips."VheersF
frog in a tree
11 Jan 2018
Re: Price If you look under the news tab there is an update and a downgrade by a broker from add to hold. JUP has done well over the last year and maybe some think it will take a breather. I rate it as a WEAK BUY.Cheers,F
jarfurrank
11 Jan 2018
Re: Price Hi,It's been down every day this week.I sold my remaining holding this morning having done well with JUP since Brexit. Part of my current plan to hold more cash to invest when the market 'corrects'. Might then consider to get back in to JUPGood luck to all.
alibaba 40 hirsiz
11 Jan 2018
Re: Price Why such a price drop today????
