Aberdeen Asset Management Share Discussion Threads

[umitw] 16/10/2007 16:54

what is the deal with ADN..?
I think the gap may be closed. Be aware.!! IMO

[pimster] 12/10/2007 20:02

agree - 2.10+ imo

[focus1800] 10/10/2007 10:03

It`s been good for anyone buying ADN in the past month.Still a bit of upside to come short term methinks.

[piedro] 01/10/2007 08:44

Finals - Monday 03 December 07

[guidfarr] 28/9/2007 11:43

when are the official results due on this one?

[focus1800] 27/9/2007 22:36

Yes Boggle, not having subprime exposure was an influence on my buying back in

[bogg1e] 27/9/2007 14:40

piedro etc thanks for the good posts. Thinking of buying in, glad to see they have no exposure to sub prime or cdo's. Most broker recs are buys/outperform and with results in a few days time, i think i may have become aware of them in the nick of time. Thx again and good luck all.

[ferries5] 26/9/2007 08:41

The Investment column: Aberdeen can keep up reputation as the City's comeback kid
JKX Oil & Gas; Chrysalis
Edited by James Moore
Published: 26 September 2007
Our View: Buy

Share price: 176.25p (–3p)

It is hard to believe how far Aberdeen Asset Management has come in the space of a few short years. Now in the £1bn-plus club in terms of market value, it was not so very long ago that the fund manager's very existence was in doubt after it found itself at the centre of the split capital investment trust scandal. The recovery has been achieved by some fast financial engineering that repaired the company's damaged balance sheet, closure of the splits row after some intense negot-iations with the City watchdog, and then by making some very sharp acquis-itions.

What has emerged is today in positively rude health – standing as Brit-ain's biggest independent fund manager. Assets under management stood at £91bn at the end of August. To put that in context, the figure was ahead of most (if not all) City expectations.

Net new business for the 11 months to 31 August was also highly impressive at £11.8bn, of which £8.1bn had been funded by 31 August and is included in the assets under management. Much of the recent growth has been driven by the company's fixed-income business (bought for a song from Deutsche Bank) and that is, of course, not ex-actly high margin. But if the business is profitable, who cares?

Yet, despite the more than impressive progress the company has shown over the past few years (reflected in its very healthy share price) Aberdeen, at 12.5 times 2008 earnings, trades at a slight discount to the asset management sector. At a prospective 3.2 per cent, it also offers a better yield. Given the growth the company has shown, that hardly seems fair. Aberdeen deserved the thorough kicking it got at the time of the splits crisis. But it appears that it has learned from its mistakes and can justifiably be called the City's comeback kid. There could yet be more to come, so keep buying.

[focus1800] 25/9/2007 16:38

Ok, thats me back in.Have been on the sidelines for months and decided now is the time to get back on board.

I hope i`m not a jinks.......lol

[iroll] 25/9/2007 10:20

Quite impressive progress during the five months to end August.

Numis has upgraded ADN to buy from add with a 240p target.

.....all of which has failed to impress the market, admittedly on a generally poor day.

[piedro] 25/9/2007 10:16

Tuesday 25 September 2007

ABERDEEN ASSET MANAGEMENT PLC
TRADING STATEMENT
Aberdeen Asset Management is issuing the following trading update prior to
entering the close period ahead of results for the year to 30 September 2007,
which will be announced on 3 December 2007.

Assets under management ('AUM') at 31 August 2007 totalled £91.0 billion, an
increase of 13.2% on the corresponding figure at 31 March 2007. The most
significant contribution to the growth in AUM has been from net new business
inflows, which have continued at a healthy rate, with a diversified range of new business wins achieved against a backdrop of increasingly volatile global stock markets. The Group's gross new business generation for the 11 months to 31 August, including mandates awarded but not yet funded, totalled £24.2 billion.
Net new business for the same period totalled £11.8 billion, of which £8.1
billion had been funded by 31 August and is included in assets under management
at that date. ..........
New business generation has been led by the fixed income division, with
particularly strong inflows into global and US mandates and good levels of wins
in UK, emerging markets and European mandates. The fixed income team has
deliberately avoided exposure to US sub prime mortgages and CDOs and this leaves the Group well positioned to continue to win new business. The team's
demonstrable capability in managing liability driven investment ('LDI') mandates also bodes well for the future. New business in equities has been well
diversified, with strong inflows in global equities and global emerging market
equities and UK and Asia Pacific equities also contributing to the total.

We continue to see healthy interest in our equity and fixed income capabilities
from a wide range of investors based around the world, particularly from those
in Europe, the US and the Middle East.

Growth in the property division continues apace, with strong interest in a
variety of new fund launches, offering exposure to a range of regions and
sectors, including Pan-Nordic, France & Southern Europe and European retail. We
announced earlier this month the launch of a second Asian fund of property
funds, which follows on from the successful closing of the Group's first such
fund at its maximum capacity of US$600 million on 3 September 2007. These funds
aim to meet the continued strong demand from institutional investors for
exposure to Asian property, with European investors increasingly looking to
diversify their portfolios away from domestic and regional property assets. It
is also encouraging to note that, despite the challenging backdrop of the UK
commercial market, the UK property team have achieved their first mandate win
since joining the Group in the summer.

The organic growth described above has been supplemented by two small
acquisitions which have been completed in recent months. On 1 June we completed
the purchase of certain Australian asset management businesses from Deutsche
Asset Management. This transaction added approximately A$10.9 billion (£4.6
billion) of AUM, principally fixed income, in return for cash consideration of
A$112 million (£47 million). On 24 August the purchase of Glasgow Investment
Managers was completed, adding a further £429 million of AUM, principally in UK
high income investment trusts, for a cash consideration of approximately £8.25
million.

We have also announced that we will enhance the Group's presence in the US
mutual fund sector with the purchase of certain US equity sub-advisory mandates
from Nationwide Financial Services. This transaction will be completed on 1
October 2007 and will broaden Aberdeen's US equity capability and extend the
scope of the Group's global product offering.

The Group issued US$400 million of Perpetual Subordinated Capital Securities in
the Asian retail market in May. The issue, which will be treated as an element
of equity, has introduced additional flexibility to the Group's capital
structure. The proceeds of the issue have been used to finance the acquisitions
mentioned above, to repay outstanding bank debt and to finance the purchase of
15.5 million ordinary shares by the Group's Employee Benefit Trust.

The requirements of the Transparency Directive will be effective for the Group's financial year to 30 September 2008. Whilst this will have no effect on the reporting dates for interim and annual results, the Directive introduces a requirement for companies to issue an Interim Management Statement ('IMS') within a specified range of dates in each half year period. As a result, the Board intends to replace the issue of pre-close period trading statements with IMSs to be released during January and July each year.

[seagreen] 18/9/2007 13:19

Tuesday, September 18, 2007

NATIONWIDE TO SELL ACTIVE ASSET MGMT BUSINESS TO ABERDEEN 8:14 AM

[piedro] 27/8/2007 13:27

24 August 2007
Further to the announcement made on 22 August 2007, Aberdeen Asset Management
PLC announces that the acquisition of Sutherland Holdings Limited and Glasgow
Investment Managers Limited has been completed today.

[piedro] 27/8/2007 13:16

22 August 2007
Shires Income Plc - Sale of investment in GIM Holdings
The Board of Shires Income plc ('Shires') announces that Shires has today
entered into an Agreement with Aberdeen Asset Management PLC ('AAM') for the
sale to AAM of its 49.9% shareholding in GIM Holdings Limited ('GIMH'). The
Agreement is conditional only on FSA approval of a change of control. The
consideration is £3,118,750 in cash plus an additional amount in cash equal to
49.9% of the net asset value of GIMH and its subsidiaries (as determined by
completion accounts).

The Shires Board has been informed that a further agreement has today been
entered into between the shareholders of Sutherland Holdings Limited ('
Sutherland') and AAM for the sale to AAM of the entire issued share capital of
Sutherland. Sutherland holds the remaining 50.1% shareholding in GIMH.

GIMH is the holding company of Glasgow Investment Managers Limited ('GIM'). GIM
is the investment manager of Shires pursuant to an Investment Management
Agreement dated 23rd March and 10th April 2006 (the 'IMA'). Shires has been
informed that the managers currently employed by GIM to manage the Shires'
portfolio will continue to manage the portfolio following completion of the
sale. It has been agreed that the IMA will continue on its current terms.

[piedro] 27/8/2007 13:11

Aberdeen Asset Management PLC
22 August 2007
Aberdeen Asset Management PLC ('Aberdeen') is pleased to announce the
acquisition, subject to regulatory approval, of Sutherland Holdings Limited
('Sutherland'), the principal asset of which is a 50.1% interest in Glasgow
Investment Managers Limited ('Glasgow'). Aberdeen will also acquire, subject to
regulatory approval, the remaining 49.9% interest in Glasgow from Shires Income
plc. The total consideration, to be satisfied in cash, for the resultant 100%
interest in Glasgow will be £6.25m plus the value of net tangible assets,
estimated at £2.7 million.

Glasgow manages three investment trusts, Glasgow Income Trust plc, Shires
Income plc and Shires Smaller Companies plc, and also manages funds on behalf
of a number of institutional clients. Total assets under management at
31 July 2007 were approximately £429 million. The Glasgow investment team,
led by Iain Lynn, will be joining the Aberdeen Group and will ensure continuity
of management of these mandates.

Commenting on the transaction, Martin Gilbert, Chief Executive of Aberdeen,
said: 'We are delighted that Iain Lynn and his team have agreed to join
Aberdeen. They have demonstrated good performance over a long period, they
manage well-established funds and they have a very strong relationship with
their clients. We have a long-established strategy of using selective
acquisitions to complement our rapid organic growth and these trusts represent
an exciting addition to the range of investment companies under our management.
The acquisition of Glasgow will further strengthen our UK equity capabilities
and enhance Aberdeen's position as a leading manager of closed end funds.'

Whilst global equity and bond markets have been volatile in recent weeks,
Aberdeen remains focused on its philosophy of investing in good quality assets
in order to deliver long term outperformance. The diversity of the Group's
investment capabilities and assets under management, which have negligible
exposure to the sub-prime mortgage-backed instruments perceived to be at the
root of the recent market volatility, means the Group continues to enjoy
healthy organic growth through net new business wins.

[dancing piranha] 23/8/2007 17:55

Sold today at 179p.

[dancing piranha] 22/8/2007 18:37

Agree seagreen, took a long position 2 days ago at 168.75p hoping for a recovery!

[seagreen] 22/8/2007 15:21

yahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

[seagreen] 22/8/2007 08:03

Senior brokers last night were agreeed this was undervalued by a multiple watch them snaffle it up whilst joe public misses out

[seagreen] 21/8/2007 08:39

Gone long looks oversold and a 100k buy today at £1.68 ...analysts have targets of circa £2.50

[piedro] 14/8/2007 10:52

Looks like we are in for a rough ride.
LOL!!

[focus1800] 10/8/2007 23:03

Ooohh, this has dropped so much recently, i`m tempted to get involved again next week. A rise to £2.00 is worth 20% profit. Will watch and wait.

[piedro] 10/8/2007 14:46

There's confidence........

10 August 2007
MILLENNIUM & COPTHORNE HOTELS PLC
Disclosure of interests in shares
Millennium & Copthorne Hotels plc ('the Company') has received notification on 9 August 2007 that with effect from 8 August 2007, Aberdeen Asset Management PLC has a material indirect interest in 15,093,433 ordinary shares of 30p each in the Company, being approximately 5.10% of the issued share capital.

.........added 559,675 ordinary shares since 22/03/07

[focus1800] 18/7/2007 22:49

I read today, the subprime situation in the US is still a problem that is not going away. I also read ADN have an interest in subprime loans, which worries me that, if true, may be cause for concern. Any thoughts on how it may, or may not affect ADN ?