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Aberdeen Asset Management Share Discussion Threads
Showing 1551 to 1574 of 1575 messages
|Peel Hunt downgrades Aberdeen Asset Management - HTTP://citywire.co.uk/money/the-expert-view-hsbc-rsa-insurance-and-aberdeen/a905405?ref=citywire-money-picture-galleries-list#i=4
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”.’|
|lower before higher is my feeling.
But higher ultimately - emerging markets are the future.
ADN well run organisation. . .But Macro economics in emerging markets and sentiment towards emerging markets not within their control obv. .|
Well the bears kick it off...bulls to follow I hope.
What is your feeling going forward...I'm long...with my seatbelts on|
|gonna be a volatile day. . .
More outflow news . . . yet also glimmers that we may be at the bottom of the cycle here. . Aberdeen funds have performed creditably this year as well .
The bears and the bulls are set to fight it out..
|Long climb back.|
its the oxman
|Even at it's high this stock was never expensive.
emerging markets will come back (in fact are bouncing now).
Meanwhile - nice divi here while we wait.|
|yes as the shareprice rallies, the % yield drops unfortunately ;) Compared to US markets I think we're quite lucky with the number of high yield opportunities in the UK|
|Sorry I did not take your advice.Could have purchased around 230,but I have 10% of my Portfolio,s in CLIG,and CNKS,paying better Dividends than ADN.|
|happy with my top ups around the 240p level... lets hope the decline in funds under management has slowed down recently|
|Shorting emerging markets has been a very "crowded" trade. There is a bit of buying back going on.
Well emerging markets are still the future and right now they are very cheap.
Won't be cheap forever.|
|FTSE250 Trackers stocking Up?|
|a few more days like this morning and it will be back in the FTSE 100...perhaps Blackrock active in their short covering|
|Back up to 260 now - not a good price yet but at least we are moving the right way.|
|Does this still pay a divi ta|
|lol thats a comforting viewpoint Lord Gnome ;)|
|I think almost everything except bankruptcy has been priced in.|
|added a few at 211p yesterday - there is a lot of negativity priced in now I reckon|
|Being slung out of the ftse in the march review could knock the shares down another 20 percent on forced index fund selling|
|Aberdeen reports another quarter of outflows - HTTP://citywire.co.uk/money/the-expert-view-rbs-aberdeen-and-barratt/a876572?ref=citywire-money-picture-galleries-list#i=3
Fund manager Aberdeen Asset Management (ADN) has reported its eleventh consecutive quarter of fund outflows, leading analysts to reconsider full-year forecasts.
Shore Capital analyst Paul McGinnis retained his 'sell' recommendation but does not have a target price on the shares, which rose 3.1% to 240p yesterday.
'This is now the eleventh consecutive quarter of net outflows and the figure for the quarter of £9.1 billion makes our full year net outflow forecasts of £14.4 billion already look much too optimistic,' he said.
'We have previously expressed concern that Aberdeen's gross sales have actually been holding up relatively well at c.£10 billion per quarter despite mixed investment performance and that a dip here could exacerbate the negative net flow.
'Our initial inclination is to stick with the “sell” stance but remain mindful of the fact that if Aberdeen can somehow arrest the gross outflows, then there should be more limited downside below 200p.'|
|JP Morgan Cazenove today reaffirms its neutral investment rating on Aberdeen Asset Management PLC (LON:ADN) and cut its price target to 245p (from 265p).
Story provided by StockMarketWire.com|
|Decided to buy another tranche in the 220p region.|
|I'm holding fire and it stays on the watch list. It has just gone ex-div and the yield is history. Divi cover is thin to non-existent and the company is still losing AUM. I don't think we have hit bottom just yet. Once we have a positive update, I will move it to the buy list, but not until then. Stay cautious.|
|I'm Gonna Buy For The Dividend !|