Ashmore Share Discussion Threads

[cwa1] 22/1/2015 19:00

LOL. Missed the upside, possibly by miles, but happy to bank a decent gain in very short order :-)

[philo124] 22/1/2015 18:12

Nice move.

[cwa1] 22/1/2015 11:06

FWIW, I decided to ditch the recently bought ones for a whisker over 275P.

A modest but still very acceptable turn in short order.

Will look to get back in if it drifts back to about 260 or thereabouts.

[jeffcranbounre] 13/1/2015 16:22

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[m.t.glass] 13/1/2015 08:13

Ashmore Group PLC

13 January 2015

Ashmore Group plc

+0700 13 January, 2015

SECOND QUARTER ASSETS UNDER MANAGEMENT STATEMENT

Ashmore Group plc ("Ashmore", "the Group"), the specialist Emerging Markets asset manager, announces today the following update to its assets under management ("AuM") in respect of the quarter ended 31 December 2014.

Assets under Management


Actual Estimated Movement
30 September
2014 31 December 2014 Q2 vs Q1
Theme (US$ billion) (US$ billion) (%)
--------------------- --------------- ------------------- ----------
External debt 13.3 12.4 -6.8
--------------------- --------------- ------------------- ----------
Local currency 17.1 15.7 -8.2
--------------------- --------------- ------------------- ----------
Corporate debt 7.9 7.4 -6.3
--------------------- --------------- ------------------- ----------
Blended debt 20.7 18.0 -13.0
--------------------- --------------- ------------------- ----------
Equities 5.2 4.3 -17.3
--------------------- --------------- ------------------- ----------
Alternatives 2.2 1.3 -41.0
--------------------- --------------- ------------------- ----------
Multi-strategy 2.2 2.0 -9.1
--------------------- --------------- ------------------- ----------
Overlay / liquidity 2.7 2.6 -3.7
--------------------- --------------- ------------------- ----------
Total 71.3 63.7 -10.7
--------------------- --------------- ------------------- ----------

Assets under management declined during the quarter to US$63.7 billion as a result of negative investment performance of US$2.8 billion, net outflows of US$4.2 billion and the disposal of the Group's interest in a Chinese real estate joint venture that reduced alternatives AuM by US$0.6 billion.

Investment performance predominantly reflects the sharp sell-off in markets in early December that particularly affected local currency markets. Performance was therefore weakest in the local currency and blended debt themes, with the latter having an allocation to local currency assets. External debt, corporate debt and multi-strategy also saw negative investment performance. Equities, alternatives and overlay/liquidity were flat.

Net outflows in the blended debt theme resulted from a small number of segregated accounts and net outflows were also experienced in equities, external debt and, to a lesser extent, in local currency, multi-strategy, corporate debt and overlay / liquidity. Capital was returned as planned to investors in the alternatives theme.

Mark Coombs, Chief Executive Officer, Ashmore Group plc, commented:

"Weaker commodity prices, US dollar strength and increased price volatility impacted upon Emerging Markets during the quarter, although the diverse range of return opportunities in the asset class continued to show through. While asset prices have fallen, uncertainty over the timing and pace of Federal Reserve rate increases is likely to weigh on sentiment in the near term. However, Emerging Markets' fundamentals remain sound and previous uncertainties, such as election cycles, have abated. Therefore, as is typically the case following a sharp and widespread fall in asset prices, Emerging Markets provide very attractive near-term return opportunities, particularly in blended debt, local currency and equities, for Ashmore's investment processes to capture on behalf of clients."

Notes:

1. For the translation of US dollar-denominated balance sheet items, the GBP/USD exchange rate was 1.5577 at 31 December 2014 (30 June 2014: 1.7106). For the translation of US dollar management fees, the average GBP/USD exchange rate achieved for the first half of the year was 1.6289 (H1 2013/14: 1.5868).

2. The Group's share of profits or losses from the Chinese real estate joint venture is recognised in the consolidated statement of comprehensive income in a single line, 'Share of gains/(losses) from associates and joint ventures'. There is no impact from the disposal on the alternatives net management fee margin, which is stated after excluding the joint venture AuM, and the effect of the disposal on the Group's profit before tax is immaterial.

Ashmore will announce its interim results in respect of the six months ended 31 December 2014 on 24 February 2015.

For further information please contact:

Ashmore Group plc

Paul Measday

Investor Relations [phone]
FTI Consulting

Andrew Walton [phone]
Paul Marriott [phone]
This information is provided by RNS

The company news service from the London Stock Exchange

END

[philo124] 08/1/2015 14:27

I would have thought a lower oil price was good for EM's.

[philo124] 07/1/2015 15:36

Topped up in ISA; thanks for posts.

[danieldruff2] 07/1/2015 12:43

Yes at a multi year low they are on my radar. A poster on LSE was saying Odey have taken out a big short against them

[cwa1] 07/1/2015 12:32

And now I'm back in for a handful at 262 hoping they are a little oversold(hope springs eternal!). Not exactly a busy board. Possibly not a bad thing. Anyone else interested?

[cwa1] 21/10/2014 11:00

Morning

I've decided to lighten the load here and sell in to this morning's rise. Probably a mistake but hey ho :-) However I wasn't too impressed by the recent results and feel they will be under pressure for the medium term, so decided a profit's a profit and all that and to run for the hills for now, though I suspect I'll be back!

GLTA

[coolhandfluke] 17/10/2014 10:39

Yes constant disappointing news. I have to admit that on the simple P/E measure the share price holding around 327p after the final results looked expensive to me. Current price more realistic until they can get their mojo working. As someone who is in at over £4 I hope that is soon.

[topvest] 11/9/2014 12:06

Forward outlook is better than the recent past is the point to note. A slight increase in the dividend is OK.

[coolhandfluke] 11/9/2014 11:14

Glad the divi was maintained at the 12p level. Nice to see they are launching funds into the Chinese market that will hopefully aid recovery.Perhaps they should change their presentation and functional currency from sterling to USD to avoid major FX movements?

[its the oxman] 11/9/2014 10:52

Agree, but not totally unexpected. Think they will probably recover slowly back to 340p area myself. More tempted to add than sell at this price, but better opportunities elsewhere at present.

[cwa1] 11/9/2014 08:04

Hmmmm. A bit underwhelmed by these results. Barely covered dividend too.

[coolhandfluke] 04/9/2014 19:15

Another rally forming ahead of next week prelims. I was hoping for better performance when back in jan. ashore we're first western investor granted access to China's markets. I suppose it takes a while to set up?

[philo124] 30/7/2014 11:52

ADN update was positive on EM and Asia, few days ago.

[coolhandfluke] 30/7/2014 10:24

363p today. Now that is gradule!

[its the oxman] 13/5/2014 09:16

362p today. Very gradual recovery underway.