Aberdeen Asset Management Share Discussion Threads

[rathlindri] 06/6/2014 12:14

Looking strong.

[5bag] 06/6/2014 11:25

Now that looks real enough :-)

[5bag] 06/6/2014 08:33

I'll believe it if it breaks north of the opening range, and beats the early 'spike'

[5bag] 06/6/2014 08:31

Aye, a perky open. Fingers xxd. :1)

[rathlindri] 06/6/2014 08:25

Maybe this time?

[m1das_touch] 06/6/2014 08:10

Now it seems like we have a breakout :) Let's see if it holds this time...

[rathlindri] 02/6/2014 15:47

450p proving to be a tough nut to crack

[rathlindri] 02/6/2014 10:46

450p proving a tough nut to crack

[its the oxman] 01/6/2014 23:22

My view. 500 - 550p range may have to wait for the year end rally. Trade it if you can meantime but long term it should provide a nice return.

[5bag] 27/5/2014 16:22

Yeah, dropped back just after I posted. Great timing. Looking to break 450 and hold, then rise. Maybe. :-)

[m1das_touch] 27/5/2014 11:17

Hmmm, false breakout for now...if it does break out of the range though, 500p easily achievable I think.

[seekerofvalue] 15/5/2014 11:48

ADN went XD yesterday for 6.75p. Today it is down again as market worries continue. Priced as high as £4.47p earlier in the week, ADN is trading at £4.19p today.

Related news:

JPM's Tony Lanning says it's time to head back to emerging markets through passive funds. 14/05/14
hxxp://www.trustnet.com/News/510726/lanning-why-im-buying-into-the-most-unloved-emerging-markets/

Why Profits Are Down At Aberdeen Asset Management plc 9/05/14


Aberdeen Asset Management plc – Is It A Buy At This Level? 7/05/14


Emerging markets problems knock profits at fund manager Aberdeen Asset as investors pull out funds 6/05/14

[calvin1947] 07/5/2014 05:12

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.

[philo124] 06/5/2014 19:11

CEO being interviewed on SKY News. One of the largest shareholders in AZN.

[philo124] 06/5/2014 18:12

Good recovery.

[calvin1947] 06/5/2014 17:07

Nice pull back in the afternoon been watching the trades most of the day tempted at 4.16 very difficult to call the bottom though the way ADN was falling in the morning, with all the nervous sellers out of the way the stock could turn positive tomorrow if the DOW pulls back this afternoon, nice to see the dividend increased the CEO did indicate he would meet the end of year financial targets big ask but increasing the dividend is a positive step in that direction, lets hope the emerging markets improve over the next six months,and there's more positive news from the far east, in this for the long term hope to see £5 by year end.

[m1das_touch] 06/5/2014 16:25

PHILO124 - as with most broker recommendations, worth not a lot in my opinion!

I usually use them as contrarian indicators - most brokers tend to advise selling at the bottom and buying at the top.

Nice bounce off the intraday low today.

[rathlindri] 06/5/2014 10:20

Fall in profits seems to be driving the shareprice down despite the good news re dividend rise....

[philo124] 06/5/2014 09:43

Canaccord downgrade to Hold from Buy; target still 460p. fwiw of course.

[buffetteer] 06/5/2014 08:54

Agree with your sentiments .ADN makes such a high return that it is inevitable that it should grow or payback profits or both as it is doing .Should have bought in a long time ago but hey-ho. topping up on dips .Average was 450p now 423p.

[m1das_touch] 06/5/2014 08:44

Personally I'd say divi growth is outstanding - not many shares can offer a 23% CAGR over the last 5 years! But yes 'add periodically on the dips' seems like a sensible approach if you're wanting to accumulate a holding over time.