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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abdn.Asset.Man. | ADN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 317.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 317.60 | 317.60 |
| Top Posts |
|---|
Posted at 03/2/2017 09:17 by speedsgh Aberdeen offers Peel Hunt a ‘glimmer of hope’ - The fourth quarter represented another challenging period for Aberdeen Asset Management (ADN), marked by significant outflows. However, Peel Hunt analyst Stuart Duncan suggests it wasn’t all bad news for the fund manager. In his opinion, an increase in the total amount of money going in to the business (but not including withdrawals) during the three-month period may provide shareholders with some room for optimism. ‘Further mandate losses were flagged, yet an increase in gross inflows and healthy client interest may offer a glimmer of light. We reduce our target price to 280p but maintain our hold recommendation,&rsqu Over the three months to January, Aberdeen saw assets under management fall by 3% to £302.7 billion. Positive currency and market movements helped to counter net outflows of £10.5 billion. This included a mandate that had been run for wealth manager St James’s Place, alongside another that was managed on behalf of a sovereign wealth fund. Although the firm expects a further £3.4 billion will be withdrawn, it is seeing signs of improving investor sentiment. This is demonstrated by gross inflows of £10.2 billion, which is £1.8 billion higher than the previous quarter. Aberdeen shares fell 3%, or 8.4p lower, at 249.7p. |
Posted at 04/5/2016 10:45 by speedsgh Peel Hunt downgrades Aberdeen Asset Management - Peel Hunt analyst Stuart Duncan downgraded his recommendation for Aberdeen Asset Management (ADN) from ‘buy’ to ‘add’ after what he called its ‘predictably bad’ half-year results. The emerging markets specialist reported a 40% decline in underlying pre-tax profits to £162.9 million as investors pulled a net £16.7 billion from its funds in the six months to the end of March. The shares tumbled 9.4% to close 28p down at 270.6p. That leaves their price 4.5% lower than the start of the year. Duncan set a target price of 330p and commented: ‘While the headline profit figure was predictably bad, there were some small positives in [the] interims – a small increase in assets under management, an unchanged dividend and expectations of £70 million of cost savings.’ He acknowledged there was ‘some encouragement that sentiment towards emerging markets improved towards the end of the period, although some uncertainty remains and the outlook statement refers to the ongoing challenge’. ‘However, the share price has recovered sharply and flows/forecasts now need to catch up. We move to “add”.&r |
Posted at 20/11/2015 23:10 by mr aboii WELCOME TO ABERDEEN ASSET MANAGEMENT PLC _ ACTIVE INVESTORS CLUB (ADN) |
Posted at 09/8/2015 09:41 by loginname There is a powerful consensus that emerging economies will continue to outperform the developed world for the next 35 years... |
Posted at 04/2/2015 10:45 by speedsgh Aberdeen ‘attractively valued’ after Q1 results - Shares in Aberdeen Asset Management (ADN) are looking ‘attractively valued’ after a solid first quarter. Peel Hunt analyst Stuart Duncan retained his ‘buy’ recommendation and target price of 490p on the shares, which fell 2.5% to 429.8p yesterday. ‘There has been little change in assets under management over the quarter, with net outflows driven by emerging market weakness towards the end of the period,’ he said. ‘The shares look attractively valued relative to others in the sector, particularly when combined with an annualised dividend yield of 5%.’ Duncan said there was ‘ongoing fragility in investor sentiment, which unsurprisingly will likely make new business flows volatile’ but that the company remained focused on cost control and synergies from the Swip acquisition would be larger than expected. |
Posted at 03/2/2015 17:23 by buffetteer This was always about the integration . For traders best to move on .for serious investors worth the wait .i will look again end of year when Swip is integrated and we might see better markets in Asia by then . The record of this company is first class .one for the long term IMHO. |
Posted at 19/9/2014 08:40 by seekerofvalue Today ADN is trading at £4.41p and will now face fluctuations of a lesser nature not that the Scottish referendum vote is concluded. ADN had a recent high of £4.462p on 9/09/14 and recent low of £4.112p on 9/09/14RELATED NEWS: Scottish independence good for economy - Gilbert 12/09/14 SCOTLAND VOTES NO 19/09/14 Scotland has voted against becoming an independent country by a projected 55% to 45%. 19/09/14 Aberdeen Asset Management chief executive Martin Gilbert has called on both sides of the independence debate to come together and 'move forward united'. Following the news that Scotland voted in favour of staying within the UK, the chief executive of the Scotland-based asset manager said: 'The campaigning is over and UK investors will welcome a reduction in the uncertainty of recent months. Tomorrow attention will turn again to the situation in Ukraine, the conflict in the middle east and the fragile European economy. Gilbert (pictured) added: 'Both sides of the independence debate now need to come together so that from today, Scotland moves forward united. Scotland has long been a world leader in business sectors such as oil and gas, whisky and investment and the task now is to grow the rest of the economy with the strong support of politicians of all parties. 'As I’ve said before, whatever the outcome of the referendum, Scotland can have a prosperous future.' hxxp://citywire.co.u |
Posted at 05/9/2014 10:36 by wirralowl Hi rathlindri. Yeah, despite my initial concerns, looks like I got the timing right for once on this one! Its up over 10% now, but I'm primarily an income/value investor, so will be holding on (and adding again on any weakness), as it offers good potential for earnings & dividend growth imho. |
Posted at 07/5/2014 05:12 by calvin1947 Statement from the CEO.Chief executive Martin Gilbert is sitting more comfortably after his firm took a 'hammering' earlier this year on the back of a sell -off in emerging markets. 'It was brutal for us, in November, December, January and February we were really hammered by our standards by money coming out,' Gilbert said in a conference call to investors. The chief executive's comments come as half yearly results revealed £ 8.8 billion in outflows from the asset manager, as emerging markets suffered from negative investor sentiment. Gilbert expressed relief that Aberdeen's period of underperformance now appears to be over 'March and April were really welcome for us. Whatever we might think and tell our investors we will underperform, it's nice when it does recover,' he said. Gilbert said the firm had stuck to its convictions and not made any major changes. 'The worst thing you can do in time of bad performance is chase performance. If anything turnover decreased. When these is massive outflows and massive inflows into emerging markets we tend to get hit by that,' he said. Gilbert did express concern that investors could be waiting for stronger prices in emerging market equity before selling out, following a period of underperformance. 'My worry always is that people sometimes wait for a recovery in performance before they take money out, but so far so good and it looks like sentiment has at least returned to reality,' Gilbert said. Elsewhere, the firm said it is still seeing demand for emerging market debt and high yield, and that the newly acquired Swip property fund was proving popular. Another effect of the Swip acquisition is the group has significantly increased the size its UK equity holdings, and has moved from having a small position in AstraZeneca to being one of the largest holders. Now the takeover is complete, the firm is looking at cost efficiencies. The front office of the combined business will be rationalised by the end of the financial year, while back office savings will be coming in during 2015. |
Posted at 24/3/2014 18:01 by seekerofvalue Aberdeen Asset Management has completed its deal to buy Scottish Widows Investment Partnership (Swip).The deal has finally received regulatory approval, having been agreed between Aberdeen and Swip’s parent company Lloyds Banking Group last year. The deal is expected to be completed after the close of business on March 31 this year, with Aberdeen set to update the market to confirm the merger on April 1. Martin Gilbert, cheif executive of Aberdeen, said the “migration process” to integrate the two firms “will begin very shortly after completion”. Gilbert added that the combined businesses would have significant scale across asset classes and argued that they would be able to provide a better service for a bigger client base "including investors who will benefit from yesterday's Budget announcement giving them more freedom to invest their pension pots when they retire." Swip will swell Aberdeen’s assets by around £136 billion, providing annualised revenues of approximately £234 million. Aberdeen Asset Management will become the sixth-largest listed asset management group in the world, and the biggest publicly traded group outside of the US. with by assets, reaching almost £350bn as a result of the deal. The deal was orginally announced in November 2013, when Aberdeen said it would be creating 131.8m new shares to be given to Lloyds, giving the bank a 9.9 per cent stake in Aberdeen. The price for the acquisition was therefore £550m based on a share price for Aberdeen of 420p, though its shares have since fallen and the price is currently 375p. The deal also included a potential extra £100m payable by Aberdeen to Lloyds based on a series of five-year performance-dependen Aberdeen Asset Management PLC is a global investment management group, managing assets for both institutional and retail clients from offices around the world. We've been growing steadily, both through acquisitions and by expanding our own business, since we started out in 1983. We're based in Aberdeen, Scotland, and have been since the day we began. Aberdeen Asset Management Investor Relations Current share prices, announcements and a whole range of resources for institutions and private investors around the world 3:2 Share split September 2005 16/09/05 Share price £1.005p 24/03/14 Share price £3.665p PE: 13.85 Dividend Yield: 4.35% 52 week high: £5.00p on 31-Dec-13 52 week low: £3.48p on 28-Aug-13 24/03/14 Today I purchased Aberdeen shares, priced at £3.638p as a core component of my long-term investment portfolio. I am invested for capital preservation and long-term rule of 72 appreciation in growth of my investment. As this suits my conservative approach. 28/03/14 Tuesday 1 April Aberdeen Asset Management (ADN) will release a trading update for the two months to 28 February, following regulatory approval for its acquisition of Scottish Widows Investment Partnership (SWIP). Analysts' expectations: "For the two months, we expect assets under management of £188 billion, down 3% from its first quarter. Of this we expect -£2.3 billion in market movements and -£2.6 billion in net outflows," predicts UBS analyst Arnaud Giblat. "We expect a positive message to be reiterated on SWIP, and at 9.9 times 2014 enterprise value/net operating profit after tax, valuation looks cheap given Aberdeen should be well-positioned if appetite returns for emerging market equities," he adds. Giblat has a 'buy' rating on the stock and a target price of 470p. Valuation: With a market cap of £4.4 billion, Aberdeen is trading on a 2014 P/E multiple of 11.86 times and an EV/EBITDA ratio of 8.41 times. [...] [...] 1/04/14 ABERDEEN ASSET MANAGEMENT PLC TRADING UPDATE Martin Gilbert, Chief Executive of Aberdeen, commented: "Encouraging inflows to emerging market debt, high yield bonds and property have partly offset net outflows from our Asian and emerging market equity products, and we have seen further growth in the pipeline of new business awarded but not funded at the end of February. “Conditions in emerging markets remain subdued, and we have therefore identified and are implementing some cost savings, over and above the synergies we expect from the SWIP transaction. However, we will not change our long-term approach to investment which has delivered excellent returns to our clients over time and we look forward to building on the additional scale and product diversity that the acquisition of SWIP brings.” 6/05/14 Interim highlights Revenue £503.5 million (-2%) • Underlying profit before tax £217.0 million (-3%) • Underlying earnings per share 14.3p (-4%) • Dividend per share 6.75p (+12.5%) • Operating margin 43.0% (2013: 43.8%) • AuM £324.5 billion 19/09/14 SCOTLAND VOTES NO Scotland has voted against becoming an independent country by a projected 55% to 45%. 29/09/14 ABERDEEN ASSET MANAGEMENT PLC TRADING UPDATE 01/12/14 FULL YEAR HIGHLIGHTS · Net revenue 4% higher at £1,117.6 million (2013: £1,078.5 million) · Underlying profit before tax increased by 2% to £490.3 million (2013: £482.7 million) · 4% decrease in underlying diluted earnings per share to 31.1p (2013: 32.5p) · Final dividend of 11.25p per share (2013: 10.0p), making 18.0p for the full year (2013: 16.0p) · Cash increased by 53% to £653.9 million (2013: £426.6 million) · Assets under management (AuM) increased by 62% to £324.4 billion (2013: £200.4 billion) following acquisition of SWIP 3/02/15 TRADING STATEMENT Highlights · Assets under management £323.3 billion (30 September 2014: £324.4 billion) · Gross inflows in the quarter of £11.3 billion · Following a more difficult month in December, new business flows have returned to more normal levels in January · SWIP integration continues to progress in line with plan · Continued discipline in managing costs and margins FLAG COUNTER VISITORS |
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