Record Share Discussion Threads

[cockerhoop] 26/4/2024 12:24

NChanning,

I remember being completely underwhelmed by the former CTO at the capital markets presentation so frankly pleased to see the back of her although not ideal that it cost around £2.5m in shareholder funds to do so.

Signs in the narrative that some of the other excesses under Leslie may also be reigned in by the new CEO.

[cerrito] 26/4/2024 12:08

Konradpuss, you are probably right but given that this $7m figure dwarves anything we have seen since I started tracking in 2019, we need to know. Remember it is 7% of AUM and compared to the last 5 years global stock markets in this last quarter have been relatively tranquil.

[nchanning] 26/4/2024 11:56

Reading between the lines Leslie's growth and tech initiatives have been a damp squib , but the core business is performing well . CTO share sale not concerning as she had probably just been fired ...

[konradpuss] 26/4/2024 10:27

Cerrito surely that is mostly down to the volatility of equities owned by the funds hedging?

[cerrito] 26/4/2024 10:09

In my 1124, I highlighted the decline in AUM due to FX movements and I have just reminded myself that in the quarter to 12.23 FX movements added us5.3b to AUM.
I hope the company explains this volatility.
Remember we have the volatility of performance fees, although of course great that the performance fees of the year just ended matched the v good results of the year to 3.23.

[konradpuss] 26/4/2024 10:05

The legal and regulatory process must be delaying the launch of the new funds.

I hate Crypto however if they get their 'Crypto fund' over the finishing line I think the market will react very positively.

[cerrito] 26/4/2024 09:55

Yes a good performance and good to see higher margin multiproduct and dynamic hedging do well in the context of the flat lining of the lower margin passive hedging.
I note that us7b of the increase due to stockmarket movements. I also note the us4.2b decrease due to FX movements. This is the second largest decrease since the us6.2b decrease in the quarter to September 2022 when global FX markets were more volatile if I remember right.
Anyone have a view?
I hope I remember to bring this up in the post final results IMC call.

[spooky] 26/4/2024 09:45

A seller still active. Not immediately obvious why at these levels.

[konradpuss] 26/4/2024 09:45

Sorry that should have been £800k in respect of performance fees earned this quarter giving a total of £5.8 million for the year.

[konradpuss] 26/4/2024 08:22

A small (£600k) performance fee as well.

[konradpuss] 25/4/2024 20:02

Most of the important metrics have roughly doubled over the last five years. With the new management and some big shareholders who have retired, I doubt we will get to see if the company can do this again over the next five years in the public arena.

I think Lord Lee is right about the importance of dividends. The share price can go down however the market cannot take away paid past dividends.

Results tomorrow.

[peddlers] 06/4/2024 16:31

Yes, I was thinking the same.
Year end timing for tax reasons.
I'm holding

P

[denisoleary] 06/4/2024 15:11

Why take a week to announce it. Not positive

[cerrito] 05/4/2024 21:42

It may well be that the timing of her sale on Msrch 27 was related to it being near the end of the tax year.

[konradpuss] 05/4/2024 16:32

John, I see where you are coming from, however she might need the money as as somebody has stated here before.

If there is bad news coming and she traded on it, she would end up in big trouble.

For me it is just noise - famous last words!

[johndoe23] 05/4/2024 16:14

Uninvestable for me now

[mammyoko] 05/4/2024 16:13

Friday afternoon RNS that CIO's wife just dumped 650k of shares

[johndoe23] 27/3/2024 15:18

Share sale not the most positive news here. Always looked at this but never pulled the trigger

[cerrito] 27/3/2024 11:10

You are right,Somerset lad.
Silly me

[somerset lad] 27/3/2024 10:43

The CTO's trade is another sale.

[cerrito] 27/3/2024 10:34

I think the CTO has done a good deal for her first purchase of shares. I dithered about buying more first thing but was too late.

[nchanning] 22/3/2024 12:14

One off IT costs / performance fees are just noise at the end of the day . AUME gone from 87.7 billion to 101.3 with a month remaining of the financial year . May end up with close to 20% growth in the core business before all the new projects have even contributed . This is a business that can pay out an 8% yield whilst growing quickly trading almost at a single digit multiple , adjusting for cash

[cerrito] 22/3/2024 08:45

You are right konradpuss as I overlooked that they earned £3.5m in performance fees during Q3.
Well done to those who bought first thing.

[peddlers] 22/3/2024 08:30

I desperately tried to add to my holding this morning on the drop but then realised I didn't have enough funds as I have too many orders in place. By the time I deleted one of them the price was back up.
I've got a buy order in just in case there's another momentarily dip

P.