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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ashmore Group Plc | ASHM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -4.80 | -2.83% | 164.80 | 16:35:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 171.00 | 163.60 | 171.00 | 164.80 | 169.60 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/09/2024 | Final | GBP | 0.121 | 07/11/2024 | 08/11/2024 | 06/12/2024 |
| 07/02/2024 | Interim | GBP | 0.048 | 29/02/2024 | 01/03/2024 | 02/04/2024 |
| 06/09/2023 | Final | GBP | 0.121 | 02/11/2023 | 03/11/2023 | 08/12/2023 |
| 08/02/2023 | Interim | GBP | 0.048 | 02/03/2023 | 03/03/2023 | 29/03/2023 |
| 02/09/2022 | Final | GBP | 0.121 | 03/11/2022 | 04/11/2022 | 09/12/2022 |
| 10/02/2022 | Interim | GBP | 0.048 | 03/03/2022 | 04/03/2022 | 30/03/2022 |
| 03/09/2021 | Final | GBP | 0.121 | 04/11/2021 | 05/11/2021 | 10/12/2021 |
| 10/02/2021 | Interim | GBP | 0.048 | 04/03/2021 | 05/03/2021 | 30/03/2021 |
| 11/09/2020 | Final | GBP | 0.121 | 05/11/2020 | 06/11/2020 | 11/12/2020 |
| 06/02/2020 | Interim | GBP | 0.048 | 05/03/2020 | 06/03/2020 | 30/03/2020 |
| Top Posts |
|---|
Posted at 17/1/2025 10:07 by cerrito From Citywire this morningquote Specialist emerging market asset manager Ashmore (ASHM) has seen some improvement in fund flows but Deutsche Bank warns the outlook for the group is still difficult. Analyst David McCann retained his ‘hold’ recommendation and target price of 150p on the Citywire Elite Companies A-rated stock, which was trading down 3% at 151p at the time of writing on Thursday, taking its 12-month decline to 32%. A second-quarter update showed assets under management were in line with expectations and ‘net outflows were actually slightly better than we and consensus expected’, said McCann, while the management commentary ‘talks to investors recognising the attractions of emerging markets, notwithstanding̷ McCann said there was ‘reported improvement in a relatively difficult backdrop in the quarter’ but that the ‘short- and medium-term outlook is unfavourable’. ‘However, we think the share price fairly reflects this, driving our “hold” recommendation. We note that 70% of the share price is now explained by the balance sheet surplus capital of the group, and implicitly only 30% from the future operating earnings.’ |
Posted at 16/1/2025 19:14 by cerrito Thanks for that Brucie5.As a REC holder I personally do not think there is much comparison of REC and ASHM. Given the speciality of ASHM the fact that their AUM/Marcap ratio is double that of LIO does not raise my eyebrows. |
Posted at 16/1/2025 16:00 by brucie5 Some AUM vs mcap and EV ratios that I've knocked up. Showing in descending order of cheapness. I don't currently hold REC, which has rather hybrid business, so not strictly like with like though it is described as an 'asset manager'.IPX 34.1bln/268 mln =.78% REC 106bln/97mln = .92 LIO 25 bln/259mln =1% ASHM 49 bln/1bln =2% POLR 24 bln/491mlm =2% Same exercise, using Enterprise Value (MCAP + debt -Cash) gives me the following order: (167m) IPX .49% (316m) ASHM .64% (167m) LIO .67% (82mln) REC .77% 346m) POLR 1.45%) |
Posted at 11/1/2025 11:49 by aliverpoolgent Morning Cerrito and all. I'm looking to buy a few more myself. I'm below water here at a c25% loss and not best pleased. Wall Street tumbled a bit yesterday and next week may be a bit choppy so there may be an opportunity to pick a few up at a good price. Maybe thought it would be best to wait for DTrump to get elected and hear what he has to say about China (and by effect the Far East). If he's a bit financially belligerent towards China I'd expect ASHM to be effected negatively and then may be the time to buy? You're views would be welcome to me. Certainly a good company in, relatively, good shape that can ride out a lot of turbulence. Enjoy the weekend posters and keep warm!. Time for lunch. It's soup. Mmmm. ALgent. |
Posted at 08/1/2025 11:05 by thebutler Reason for today's drop:JPMorgan cuts Ashmore Group price target to 152 (155) pence - 'underweight' Jefferies cuts Ashmore Group to 'hold' (buy) - price target 170 (220) pence Jefferies note in more detail: Jefferies downgraded Ashmore on Wednesday to 'hold' from 'buy' and it cut the price target to 170p from 220p as it said it was moving to the sidelines until a macro catalyst emerges. The bank said macroeconomic and geopolitical uncertainty has continued to weigh on emerging market (EM) flows, and it now expects the fund flow inflection for Ashmore to take longer to materialise. It forecasts net new money to turn positive in FY 1H26. "Geopolitics and uncertainty over the path of Fed rate cuts have led to renewed uncertainty for emerging markets," Jefferies said. Jefferies said the market is currently pricing in Fed rate cuts of only 65 basis points in 2025, down from 140 basis points at the end of September, "We expect this to continue to weigh on demand for EM external debt funds as the yield differential versus Treasuries becomes less attractive," it said. "For EM local currency debt, the significant strengthening of the USD since end-Sept is likely to continue to be a headwind. The outlook for EM equities, meanwhile, remains uncertain, as potential new US tariffs could disrupt supply chains and weigh further on investor sentiment." Jefferies said it expects a deterioration in net new money for Ashmore, consistent with macro flows, as well as negative mark-to-market. "Recent share price weakness and fundamental support - excess capital is 50% of market cap and 10% dividend yield looks secure - limits further downside, but we downgrade Ashmore to hold as our new 170p PT offers insufficient upside." |
Posted at 06/12/2024 16:46 by brucie5 Nice dividend received. ASH bumping along the bottom certainly has its uses! |
Posted at 11/11/2024 15:37 by cerrito A good question as to why I am not buying more, pete.The short answer is that I am waiting to see what a Trump world will look like given that, big picture, the straws in the wind are not encouraging for emerging markets. Indeed as I write this I ask myself why I did not sell pre election. Yes we should not base our decision to hold or buy on the 16.1p annual dividend given that diluted eps was 13.55p this last year and 12.15p the year before and indeed adjusted diluted eps this last year was just 10.5p. Incidentally on a crude p.e basis even at these prices the shares are not undervalued. I note the annual dividend costs £120m and buybacks in the last 2 financial years were £14m pa approx. They have just bought back £3m shares YTD. I also note that their capital requirements are £96m compared to their actual capital of £696m. I do not see myself selling at these prices, basically I have v little direct EM exposure as have most of my EM exposure in this share. PS Perhaps the dividend policy is set to suit Mark Coombs' tax position and if so fair enough if one has one's eyes open. |
Posted at 09/11/2024 01:27 by jonnybig They can't afford to maintain to pay the current dividend out of the profits they're making. Don't you understand EPS and dividend cover?spud |
Posted at 14/10/2024 11:04 by martinmc123 Another fund manager reporting net outflows during the quarter albeit only modest ones but an increase in overall AUM. Assets under management increased by US$2.5 billion over the period, comprising positive investment performance of US$3.2 billion and net outflows of US$0.7 billion. This performance was mostly driven by solid EM market performance over the period. This is pretty decent compared to some of the other asset managers who have reported for Q3, share price has bounced a little this morning. But longer run ASHM hasn’t been doing particularly well...from WealthOraclewealthoracle.co.uk/d |
Posted at 20/6/2023 15:46 by brucie5 Another overlooked dividend share?I noticed this coverage by a rather thoughtful poster called 'Boon' on Stocko this month - since when the share price has come still further down. BUY - Ashmore (LON:ASHM) – As the saying goes, fund managers make money in good and bad times. The last few years has been challenging for emerging market specialists such as Ashmore, which means we’re somewhat at the bottom of the cycle for EM fund managers. Yet, I can still get a 7% dividend yield (granted, not fully covered by earnings), a very strong cash positive balance sheet, and a very strong brand in the market. It is also still very much owner-owned and owner-operated, which is a business I love as it lets me sleep soundly at night. Especially for financial services firms, where too often the professional managers are in it just for their short-term bonuses. I do not know whether EM will be back in fashion with investors anytime soon. But for me, things can’t worse than they are. And if/when a recovery comes, EPS potential growth is 60%-100%, which should translate nicely to share price growth too. In the meantime, I’ll get to collect 7%+ dividends, which seem secure given the track record. -------------------- It also appears to be a house favourite at the IC, where Mark Robinso wrote this back in 2022: Ashmore is one of our long-term buys and based on the strength of its balance sheet, an implied dividend yield in advance of 8 per cent and an enterprise/cash profit multiple of 3.7 (against a five-year average of 10.9), we think the current rating is compelling, even given the bumpy road ahead. FWIW, I hold. |
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