Australian (ASX) Stock Market Forum

JHG - Janus Henderson Group

Jump to new
Probably 1 more day for this sick puppy. This one getting bashed by Aussie sellers AND UK sellers... CYB falling in tandem too
 
Yeah morphed into a falling knife since 11:25am!
As has BTT. Both entrenched in UK activities.
 
Been sitting on the side with cash for a while, itchy hand
still got plenty of ammunition left to drag it out.

I make sure I stay solvent longer than the market stay irrational :)
 
Now trading in London at 1.96 GBP or $3.48.

I don't know if it's fall is that outsized considering what's happened. This was trading ~$4.80 so it's down ~27% or so. The fall in the pound alone accounts for 10-12% of the fall. So it's only down ~15% since last Thursday if you isolate for the FX impact.

Overall market weakness will dampen HGG's return, while turmoil in the UK financial sector will reduce FUM inflows, especially from EU investors into a UK fund manager. There are big uncertainties around it's operations after the actual divoice....

I don't know if a 15% fall represents a bargain just yet. It's trading at levels last saw in Jan 2015, which is actually similar to the overall XJO, and same or better than peers like AMP, PTM, PPT, BTT etc.

There might be technical bounces along the way... but it'd be a quarter or 2 before anyone can get a hint on how they are actually impacted.
 
The 2014 Low has held after all, if only by a small margin.
Now that Brexit has been digested and some semblance of sanity returned, the stock is recovering nicely. For starters, I'd consider the $4.40's a reasonable target area, even $5 not out of reach.
Being my July pick of the month, I'm reasonably happy with the result, albeit not as spectacular as the Trillionaire's PSC entry :p:

HGG n 29-07-16.png
 
On June 13th, 2017, Henderson Group PLC (HCG) changed its name and ASX code to
Janus Henderson Group PLC (JHG).
 
I was reading the Australian today and JHG was mentioned.

Some Americans are on board and it is rumoured a refugee from MFG is mooted to be looking at becoming CEO.

So I had a look at the chart and took a bite of bacon, just a small bite from this little piglet.

Any thoughts?

jhg.png


gg
 
Garpal Gumnut said:
Any thoughts?



gg
Click to expand...
For this to improve it has to be a turnaround business. So far since the merger it has seen its funds steadily reduce over 4 years and is a reason the CEO, Dick Well, is departing in March.

The activist shareholders Pelz and Garden going onto the board may make a difference but having personally been on boards numbering 3 to 9, I reckon any more than 7 on a board is a disadvantage and this board increase to 12 has the real possibility of it becoming even more dysfunctional.

I understood they were to report today but hasn’t hit the presses yet. Its immediate share price will likely depend on that report seeing they reported outflows of investor money including $5.2 billion in the third quarter and the market would want to see that turned around.

Also I do not like head and shoulders pattern in P&F – takes quite an effort to turn it around but I hope it does to return to being the good investment it was prior to the merger.

jhg 03022022.jpg
 
i bought in when this was HGG ( June 2016 and February 2017 ) and bought more as it slid lower as JHG ( August 2018 [ 2 parcels ] , October 2018 and June 2019 , )

and is currently about my seventh largest holding

considering the business it is in , yes i find a large board of directors concerning ( yes it is different for say BHP or MQG , because they invest widely )

i would not be surprised to see outflows continue , if it goes sub. $30 again ( like it did in June 2019 ) i am looking to break out the calculator and CONSIDER adding more if the numbers look good

i see plenty of headwinds here dysfunctional administrations in both the UK and US ( and those economies don't look so hot either ) , a wild-card would be a take-over attempt ( either 'friendly ' or predatory )

interesting to see this increase the board when many other companies are slimming down ( or spinning off entire arm/businesses )
 
Garpal Gumnut said:
I was reading the Australian today and JHG was mentioned.

So I had a look at the chart and took a bite of bacon, just a small bite from this little piglet
Click to expand...
I hope you didn't get indigestion, gg. Down 15% today and now $37 as the latest update for March quarter failed to impress

The decline follows company results that revealed earnings per share and revenue numbers fell short of analyst estimates.

Adjusted earnings per share were US75¢ on revenue of around $US620 million ($856 million).
 
am looking for a 2 handle before i CONSIDER adding more more likely to seriously be tempted around $25

and this little piglet can find a way to hide it's lipstick , very well

have bought as low as $29.55 as JHG ( in June 2019 ) , but originally jumped in when it was still HGG

will be plenty of uncertainty in UK and US investing and funds management in the coming year

DYOR

but possibly one for the watch-list IF you think the global financial system can survive the coming turmoil
 
Top