F&c Asset Management Share Discussion Threads

[a1samu] 21/1/2014 08:21

Bramson must have decided this is unfixable and so he pulled out and left it a total dog, compared to other investment company shares.

HL would have no trouble buying this up, perhaps reversing into it, turning it around and making megabucks out of it?!

There must be dozens of managers seizing this trust up to break it up, & sell it on in pieces, or there is something seriously wrong with it, that nobody wants to touch it.

[tom111] 23/11/2013 14:57

The question is when will this stop dropping

[fangorn2] 23/8/2013 09:24

He's a turn around specialist though isn't he Rabain. Gets the most imperative changes sorted, instils some cost discipline,and then,once things look rosier, lets someone else take over the reins.

Looking how Fcam has performed since his involvement he seems to have worked wonders. This venerable FM is still undervalued in my view.

(Disclosure - no longer a FCA< investor having taken profits)

[rabain] 22/8/2013 22:11

Companies tend to prosper long after he's left, SPT certainly did

[a1samu] 22/8/2013 08:15

So Bramson has gone after a small uplift in the share price.

The progress will continue without him and it just shows what a short time horizon he had, when if he stayed on much longer, there is still massive potential to increase values substantially all round.

[tom111] 08/8/2013 17:50

Could be breaking out from here

[fangorn2] 10/5/2013 08:04

IMS out this morning...Solid / business as usual.

[fangorn2] 14/3/2013 07:37

Decent results.



Richard Wilson, Chief Executive said:

"This is a robust and much improved set of financial results. The company has made significant progress towards its strategic goals in 2012. With the restructuring now substantially completed, good investment performance and a newly strengthened management team in place, F&C is now in a position to invest for growth in new markets and capabilities."

[petersinthemarket] 14/2/2013 12:38

Looks like its heading back towards 100p support level for now.
I'm out till the picture becomes clearer.

[bamboo2] 13/2/2013 16:18

An interesting pov from "malfesto" on mse forum...

[this suggests to me that we may have time to wait and see if govt will work something out, eg transfers into junior isas from other providers]

"Anyone who wants to leave the Savings Plan in response to changes in Terms & Conditions that F&C has made, the law (specifically the Unfair Terms in Consumer Contracts Regulations 1999) and the FSA's guidance on Unfair Contract Terms is perfectly clear on this. F&C will have to waive exit charges and allow reasonable time for anyone who wants to dissolve the contract in response to the unilateral changes in the T&Cs.

I have made a formal complaint to F&C pointing out this aspect of the law to them and am currently awaiting their reply. If they still want to impose exit charges, I'll be escalating the complaint to the Unfair Contract Terms Team at the FSA and the Financial Ombudsman Services.

Having gone through a similar process with Interactive Investor last year, I am confident that F&C will have to waive exit charges to departing customers.

I suggest that anyone who wants to leave without paying the exit charges, raise a formal complaint to F&C through the complaints process. Any rejection of the complaint by F&C can then be referred to the Ombudsman who will no doubt uphold the complaint on a point of law.

The FSA's Unfair Contract Terms Team (who do not deal with individual consumer disputes but intervenes directly with the regulated financial firm) will also take consumer complaints regarding exit charges via email ( unfair . terms @ fsa . gov . uk ) or through the online form at the FSA website (www . fsa. gov . uk / doing / regulated / uct / faqs / form ). "

[petersinthemarket] 13/2/2013 16:18

My two lads have grown up and gone and I am only indirectly affected by fcam offerings, so many thanks for the responses.
It seems possible that my optimism is wrong then.
Perhaps fcam will not only lose customers (and their income) especially during the upcoming financial year end with all its associated offers, but also lose some of its share value, at least in the short term.
Pity, as the share price has been doing so well since last spring.
Question is: should I stay and see this all work through, or should I ditch for now and come back later when the smoke has cleared.
As before, all opinions welcome.

[fangorn2] 13/2/2013 14:57

I've not been an investor with F&C for a long while - growing up I start my first monthly savings plan investing £25 per month in their F&C Global smaller companies fund.

Not sure how

"F&C says the charges are being introduced to cover the administrative costs of running the savings plans."

follows as surely there is more administrative work managing my £25 per month pound cost averaging plan with its far more complex paper trail than a one off £250 savings deposit and then minimal trust additions(semi annual divi etc)


Marrack Tonkin, head of investment trusts at F&C, says: "Our new charging structure ensures our products remain competitive for savers with a commitment to long term investing.

Sounds like your new charging structure makes the product offering very UNCOMPETITIVE. Taking more than 10% of fund's value per year doesn't sound like an investment inspiring route to take. Perhaps you're trying to drive way such small accounts?


"We appreciate that this charge adversely affects some customers, and we encourage them to discuss their options with us."

Far better the government makes these CTF's comparable with Junior ISA's then everyone can shift their monies elsewhere.

Sad to see such a venerable name as F&C engaging in such an action.

[petersinthemarket] 13/2/2013 09:49

Recent changes mean that ctf holders will need to look carefully at charging structures but what are the prospects for fcam? Surely, many will stay invested and fcam's income will increase, along with its share price. Other opinions welcomed.

[bamboo2] 11/2/2013 21:58

Blow for 60,000 F&C child trust fund holders

[bamboo2] 11/2/2013 10:24

Does anyone else here have a CTF with F&C?

There seems to be a bit of an outcry elsewhere on the Net about the new charges [£30/yr] to be introduced from April 2013. See here,



Many funds will become worthless by the time they mature after 18 yrs, with a combination of poor returns and these new charges.

You need to act before the end of March, and move your CTF.

This episode will do little for the reputation of FCAM and contribute to the continuing drop of funds under management.

[fangorn2] 30/1/2013 09:33

AUM update....

[hari88] 20/1/2013 12:45

Profiled and tipped in Shares Mag this week.

[stokieboy] 18/1/2013 15:15

bid talk ;-)

[spookies] 18/1/2013 14:35

Nice rise today. Is there a shortage of stock I wonder?

[chrisgail] 18/1/2013 10:16

Those who do are happy to just wait and see..........and what we see we like.

[stokieboy] 16/1/2013 20:11

yes always lurking!

[petersinthemarket] 16/1/2013 15:59

10mths of steadily rising share price and yet no-one on the thread.
does no-one have any interest in this stock?