Market's view on Jupiter Fund Management
Published on April 2024
- A stock watcher sold some Direct Line shares following a takeover bid announcement, considering investing in a company which seems good for long-term value and is turning its business around with strong capital.
- Forecast adjustments suggest a potential upside if interest rates drop and retail investors return, benefiting companies like Jupiter, where high-margin retail inflows could significantly exceed expectations.
- Jupiter’s investor relations site offers sporadically updated consensus estimates.
- Concerns about Jupiter’s earnings forecast dropping by 40% next year due to various factors including margin compression and loss of a star fund manager.
- Despite negative factors, a stock watcher views the company’s stock as a “screaming buy” given the continued generation of £60 million post-tax profits and robust asset backing.
- Details shared about dividend payment dates for a company, aiming to clarify shareholder registration cut-off times.
- Concerns raised about whether a 4% gain in Assets Under Management (AUM) is sufficient given significant market gains recently.
- Discussion on a potential value trap with Jupiter as global value could shift to management by Whitmore at his new boutique, risking 10% of Jupiter’s AUM.
- There are mixed opinions about Whitmore’s performance and impact, with some highlighting his strong management record while others criticize his performance and express relief at his departure.