By Chris Bailey of Financial Orbit | Sunday 28 February 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In early February last year, I observed here that investment company St James’s Place (STJ) was not worth the then share price of over ten pounds a share. This was all centred on the view that ramping up the costs of its investments was, unsurprisingly, getting more criticised. Unsurprisingly, there was a sub seven quid share price a couple of months later, but today St James’s Place shares are kicking around at just shy of twelve quid. Madness again or has it finally learnt some lessons about running its business attractively?
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