||EPS - Basic
||Market Cap (m)
Real-Time news about Bluebay (London Stock Exchange): 0 recent articles
|nickcduk: Trading statement later this week Oxman. Market performance of funds hasn't been particularly good. Would explain weak share price. Still fancy it could bounce as it usually runs up ahead of a trading statement and then sells off. Maybe the inverse this time.|
|stannardin: Note that JP Morgan are considering a take over bid. If this is true the price may rise in the short term. Even if that is not the case, I think that a share price on 425 plus is a realistic target in the next few months. Much will depend on general market sentiment.
This share has proved to be a a profitable CFD trade in recent months.|
|liquidkid: Here's some in the news...
FT - Subprime shock spreads across Atlantic
Two London victims of the subprime saga have already emerged. This week Queen's Walk Fund (QWIL.L), the listed unit of Cheyne Capital, admitted it had suffered a 67.7m (£46m) loss in the year to March 31 because of a sharp decline in the value of its UK and US mortgage-linked securities holdings. This follows an announcement by Caliber Global Investment (CLBR), another UK-listed fund, that it suffered an $8.8m (£4.4m) loss, also resulting from subprime woes.
"We are in a totally different position," says Stuart Fiertz, a founder of Cheyne. "We have 50m of cash on our balance sheet. We have de-risked the company and repositioned us to go forward. The worst is over."
That may be true for Cheyne, but events have left investors increasingly nervous about the state of some other credit hedge funds. Indeed, in one telling sign of the current cautious mood, the share price of BlueBay (BBAY.L), the listed credit fund manager, fell sharply yesterday, even though the group does not have direct exposure to subprime.
Those credit funds that do have subprime positions insist that these concerns are unjustified. Cairn Capital, for example, another London-based fund with a large subprime exposure, recently indicated it had escaped significant losses because it primarily bought derivatives linked to sub prime loans made before 2005, which had lower default rates than later vintages.
LOL - Different vintages of structured debt the best vintage is only 3 years old. i.e. anything bought in last 2 years was rubbish, and noone's buying the '07 season|
23.03.07 :-2.75, (425.25) initiated as 'neutral' at Credit Suisse with a target price of 410 pence following its first-half results on Mar 20, dealers said. In a note to clients, Credit Suisse said that while Bluebay is well positioned to benefit from several industry trends and is likely to continue to be a growth company, it believes the group's share price is up with current events. The broker noted that on its headline valuation, earnings are broadly in line with its peer group of listed UK asset managers and hedge funds. Credit Suisse added however that it believes Bluebay will trade on a discount to closest peer Ashmore Group, given its greater exposure to lower-multiple performance fees. The broker added that while Bluebay's hedge funds have significantly lower volatility than most other hedge funds, its performance has yet to be tested through a credit cycle.|
|nickcduk: It was bound to happen after all the heavy index buying beforehand. Have a look at a chart for Ashmore(ASHM) before its promotion to the ftse 250 last December. It rose from 237p to a peak of 270p on the Wednesday prior to entry to the ftse 250. Thats a move of 14% in 7 trading sessions. On the friday prior to entry once all the index buying was out of the way the sellers moved in and share price fell 7%. On the monday more selling knocked it down another 5%. Last weeks action was very artificial and should have been used to sell out long positions imho.|
|jspearing2: This company will have profits rising massively over the next few years - that is almost guarenteed. Huge profits in an expanding company means rising share price... trust me. The long run is the way forward - this will fluctuate yes and of course it will have its down days - but just watch this space - and shoot me if Im wrong - can see this doubling in the next year or 18 months|
Bluebay Asset Management share price data is direct from the London Stock Exchange