Aberdeen Asset Management Share Discussion Threads

[rathlindri] 24/3/2015 15:10

new recent high 480p + today, hope it holds!

[its the oxman] 02/3/2015 15:44

Be nice to see 480p on next push up. If Dow breaks 18500 it's got to be on the cards. Then I'll be dreaming of 500p

[rathlindri] 18/2/2015 20:49

Good luck ... glass ceiling appears to be cracked...

[philo124] 18/2/2015 12:32

Decision time.

[seekerofvalue] 16/2/2015 15:31

ADN trading at £4.57p a high for 2015 after hitting a low of £4.199p on 3/02/015 the day of Trading update.

Emerging markets lag frontier nations
Frontiers push ahead of emerging markets. 15/02/15
hxxp://www.ftadviser.com/2015/02/16/investments/investment-trusts/emerging-markets-lag-frontier-nations-Oj4hQHrTFIucFStYdrdGSP/article.html

Numis: Aberdeen may make £900m Russell IM bid 6/02/15
hxxp://www.investmentweek.co.uk/investment-week/news/2394102/numis-aberdeen-may-make-gbp900m-russell-im-bid

Aberdeen Asset Management sees emerging market flows dip 5/03/15
hxxp://www.funds-europe.com/news/15079-aberdeen-asset-management-sees-emerging-market-flows-dip

Fund firm Aberdeen Asset Management suffers from volatile global markets as assets under management drop over £1bn 3/02/15

[buffetteer] 13/2/2015 15:56

Although we hit 467 5/12.Just need more positive news on Fareast markets to push us back up.
Worry about a rights issue though for Russell. You'd think with £600m in the bank they could use debt facilities for the rest not tap poor shareholders .V rarely do rights issues enhance a shareholders returns ,merely diminish them.

[philo124] 13/2/2015 12:49

Yes, was just looking AGAIN at that.

[rathlindri] 13/2/2015 11:31

450p level appears to be something of a glass ceiling

[speedsgh] 04/2/2015 10:45

Aberdeen ‘attractively valued’ after Q1 results -

Shares in Aberdeen Asset Management (ADN) are looking ‘attractively valued’ after a solid first quarter.

Peel Hunt analyst Stuart Duncan retained his ‘buy’ recommendation and target price of 490p on the shares, which fell 2.5% to 429.8p yesterday.

‘There has been little change in assets under management over the quarter, with net outflows driven by emerging market weakness towards the end of the period,’ he said. ‘The shares look attractively valued relative to others in the sector, particularly when combined with an annualised dividend yield of 5%.’

Duncan said there was ‘ongoing fragility in investor sentiment, which unsurprisingly will likely make new business flows volatile’ but that the company remained focused on cost control and synergies from the Swip acquisition would be larger than expected.

[buffetteer] 03/2/2015 17:23

This was always about the integration . For traders best to move on .for serious investors worth the wait .i will look again end of year when Swip is integrated and we might see better markets in Asia by then . The record of this company is first class .one for the long term IMHO.

[rathlindri] 03/2/2015 12:08

A disappointing update and market reaction....time to move on perhaps

[rathlindri] 02/1/2015 11:10

Not a very exciting start to 2015 but at least we have a decent divi payment to look forward to on 6th February

[seekerofvalue] 01/1/2015 16:03

ADN closed the year at £4.322p down 11% for the year excluding dividends, with a year low of £3.607p and high of £5.00p. Having made my purchase of Aberdeen shares on 24/03/14 priced at £3.638p as a core component of my long-term investment portfolio, the returns on this investment have already outperformed that of the FTSE 100. In what could prove in time to have been a transitional past twelve months, ADN revenues should recommence their steady growth once more over the next few years.

RELATED NEWS:

Aberdeen Asset Management is new Malmaison landlord following £21.8million deal
29/12/14
hxxps://www.pressandjournal.co.uk/fp/business/north-of-scotland/442055/aberdeen-asset-management-new-malmaison-landlord/

Aberdeen chief pays visit to Google 13/12/14


Aberdeen starts operations in Indonesia 12/12/14
hxxp://www.international-adviser.com/news/asia/aberdeen-starts-operations-in-indonesia

Interview: Martin Gilbert, Aberdeen Asset Management - the world-beating fund manager with £330 billion in his hands 10/1/14


£6million-plus windfall for Aberdeen Asset Management boss 05/12/14
hxxps://www.pressandjournal.co.uk/fp/business/north-of-scotland/421635/6million-plus-windfall-for-aberdeen-asset-management-boss/

[rathlindri] 01/1/2015 12:45

hefty £1.316m buy after the close yesterday.....someone has plans for 2015...

[wayneduncan] 11/12/2014 11:47

Aberdeen is normally so strong in December but we are getting slaughtered this time round. Always fluctuates wildly with news from emerging markets and Asia and I suspect the pull back in that part of the world is causing this drop

[rathlindri] 10/12/2014 11:50

Surprising to see this drop like it has over the last few days considering tomorrow it goes ex dividend

[dr9980] 03/12/2014 12:52

Just another Manic Monday...

[mike740] 02/12/2014 14:11

Their View:

Aberdeen Asset Management (ADN.L, 457.50p) - Buy

Aberdeen Asset Management announced its results for the year ended 30th September 2014. Net revenues increased 4% y-o-y to £1.12bn thanks to a higher recurring fee income which offset the decline in performance fees. Underlying operating profit, before amortisation of intangible assets and the one-off acquisition and integration costs, inched up 2% to £490.3m for the year. However, diluted EPS fell 4% y-o-y to 31.1p from 32.5p in the last year. Aberdeen’s Assets under management (AuM) increased by 62% y-o-y to £324.4bn following the acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds in March. The SWIP acquisition added nearly £135.0bn of assets. The Board announced a final dividend of 11.25p per share, resulting in full year dividend of 18.0p.

Our view: Despite a challenging environment, Aberdeen delivered robust performance. The company’s cash position improved to £653.9m as of 30th September 2014 from £426.6m over the same period last year. The acquisition of SWIP played a pivotal role and is already beginning to deliver cost synergies. In fact, Aberdeen’s strong cash flows and financial stability allowed the board to recommend a 12.5% increase in the final dividend. Going forward, given the strong financial position, and a broadened and enhanced range of products, we retain our Buy rating for the stock.

[mike740] 02/12/2014 13:48

ADN Aberdeen Asset Management...........

CityWire..
Aberdeen results indicate ‘small positives’ for next year
Aberdeen Asset Management (ADN) has reported good cash generation and dividend growth with a number of ‘small positives’ expected over the coming year.

Peel Hunt analyst Stuart Duncan retained a ‘buy’ recommendation and target price of 490p on the shares after final results beat forecasts with profits hitting £490.3 million. The shares rallied 1.7% to 457.5p yesterday on the news.

‘While [the] results were largely as expected, operating cash generation remains strong, underpinning expectations of good dividend growth in the coming years,’ he said. ‘A December 2015 estimate enterprise value/ net operating profit after tax multiple of 11.7x remains attractive, with a yield of over 4%.’

Duncan noted the integration of Scottish Widows Investment Partnership was ‘progressing well and that cost synergies are ahead of expectations’.

‘The new year is reported to have started well, with client interest in the product range,’ he said.

hxxp://citywire.co.uk/money/the-expert-view-lloyds-tesco-and-aberdeen/a787081?ref=citywire-money-latest-news-list#i=4
Chris Carson Send an email to Chris Carson View Chris Carson's profile - 02 Dec 2014 12:41 - 284 of 288

AND ANOTHER.......
Tuesday tips round-up: Iron ore miners, Aberdeen Asset Management

Tue 02 December 2014 09:27 | A A A
No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Iron ore miners may be facing much the same dilemma as OPEC is, when trying to force high-cost producers out of the market. Although plummeting crude prices may force some smaller tight oil producers to stop producing for a time, the well infrastructure and technology, once developed, will remain. Indeed, creditors who take over bust shale operators and wish to maximise their cash recovery may not be dissuaded by the price falls.

Similarly, the big miners who keep shovelling iron ore out of the ground may see only limited success in forcing smaller competitors out. Even if an operation is shut, as African Minerals decided to do on Monday with one mine, the infrastructure will continue to be in place should prices revive, writes the Financial Times's Lex column.

Things seem to be looking up for Aberdeen Asset Management. The firm's decision to acquire Scottish Widows Investment Partnership (SWIP) in April seems to have been well-timed. It may help to rebalance the business towards UK equities. As well, the emerging markets in which it has 25% of its assets invested should benefit from the decline in oil prices, the company's chief executive believes. In particular, an improved economic performance may help to staunch the outflows from assets invested in those markets during the year to September.

To take note of, as regards possible risks, Aberdeen has accumulated an 8% stake in Standard Chartered, which is equivalent to a large bet that a much-feared rights issue will not materialise. Most significantly, come spring the fund manager will have a surplus of cash on its balance sheet relative to regulatory requirements. Hence, some sort of share buy-back would seem to be on the cards.

Trading on 13 times' this year's profits the stock is "worth a buy" for the long-term prospects, says The Times's Tempus.

hmmmmmmm a share Buy Back .......I like those not sh-ty special premiums where the MMs mark it down just like a normal divi, cheating so and sos.

And Another...
Aberdeen Asset Management reports a 62% rise in assets under management
Aberdeen Asset Management | 01 December 2014

hxxp://www.hl.co.uk/shares/shares-search-results/a/aberdeen-asset-management-ord-10p-shares?tab=security_research


from above.......

" For now, market consensus opinion presently points to a buy".

[5bag] 02/12/2014 11:45

"The Board is recommending a final dividend of 11.25p per share, making a total payment for the year of 18.0p per share. This represents an increase of 12.5% on the total payment for 2013, consistent with the Board's commitment to a progressive dividend policy."

[5bag] 02/12/2014 11:44

good results and nice divi increase.

[its the oxman] 02/12/2014 09:12

Expecting this to spike up again through 480p if we get a few up days.

[seekerofvalue] 01/12/2014 12:09

Broadly good Full Year results that marginally beat expectations. Today ADN trading at £4.70p having hit a high of £4.817p in earlier trading today and a recent low of £4.481p on 28/11/14.

FULL YEAR HIGHLIGHTS

· Net revenue 4% higher at £1,117.6 million (2013: £1,078.5 million)
· Underlying profit before tax increased by 2% to £490.3 million (2013: £482.7 million)
· 4% decrease in underlying diluted earnings per share to 31.1p (2013: 32.5p)
· Final dividend of 11.25p per share (2013: 10.0p), making 18.0p for the full year (2013: 16.0p)
· Cash increased by 53% to £653.9 million (2013: £426.6 million)
· Assets under management (AuM) increased by 62% to £324.4 billion (2013: £200.4 billion) following acquisition of SWIP



RELATED NEWS:

Aberdeen suffers £20.4 billion outflow 01/12/14
hxxp://citywire.co.uk/wealth-manager/news/aberdeen-suffers-20-4-billion-outflow/a786839

Scottish Widows to sell offshore business 01/12/14
hxxp://citywire.co.uk/new-model-adviser/news/scottish-widows-to-sell-offshore-business/a786836

Scottish Widows cuts 130 roles in restructure 27/11/14
hxxp://www.moneymarketing.co.uk/news-and-analysis/pensions/scottish-widows-cuts-130-roles-in-restructure/2016682.article