Ashmore Share Discussion Threads

[quepassa] 30/3/2016 07:45

Wow!

The article on page 10 of today's FT is jaw-dropping about strength of March inflows into the Emerging markets.

The article starts " Foreign portfolio flows into emerging markets surged to a 21 month high of $36.8billion in March....."

The full article makes important reading.

This should, in my view, benefit Ashmore. On the other hand, shorts on Ashmore will perhaps be squirming.


ALL IMO. DYOR.
QP

[quepassa] 24/3/2016 08:13

a little back-peddling after a great run. Only to be expected.

Emerging markets have "officially" entered a bull market given recent rise.

Expecting the bull run to continue after Easter.

ALL IMO. DYOR.
QP

[quepassa] 22/3/2016 16:54

Strong finish to the trading day.

QP

[quepassa] 21/3/2016 07:33

Today's FT carries an article headed " Odey European hedge fund loses 20% for second time in a year".

Mainly on macro bets, according to the FT article which also specifically mentions Odey's 6% short on Ashmore " whose shares surged 25% in March".

It may or may not be the case that Odey are further actively considering reducing their short on Ashmore.

If so, an almighty bear-squeeze cannot be ruled out, in my opinion only.

The Black Swan event of the cyber-attack which came to Odey's support on their big short on TalkTalk is, in my opinion, unlikely to appear so conveniently again.

ALL IMO. DYOR.
QP

[quepassa] 18/3/2016 11:13

According to my research, Odey Asset Management have a massive 6.06% short position on Ashmore as at 16/3.

This short position is , in my opinion only , now going stale with Ashmore having shot up recently from 200p to 290p.

It would not surprise me if Odey further consider reducing their short position which peaked just over a month ago at 6.72% on 11th. February.

If Odey continue reducing their short position, this will further support the Ashmore share price in my opinion.

Personally, still to be sitting on a 6% short on Ashmore in a clearly rising market seems highly questionable to me in my opinion only.


ALL IMO. DYOR.
QP

[quepassa] 17/3/2016 16:58

Almost 50% up in just over a month since the early Feb market lows.

Going great.

ALL IMO. DYOR.
QP

[quepassa] 04/3/2016 08:15

Picking up a lot of momentum.

Risk-on for Emerging Markets.

ALL IMO. DYOR.
QP

[philo124] 03/3/2016 13:31

Making a decent recovery.

[speedsgh] 03/3/2016 13:18

Richard - yes, has gone XD today (day before the Record Date), so impressive share price action in the circumstances.

[richardbroughton] 03/3/2016 12:27

I'm pretty sure that ex div is today which makes the rise today quite unusual, checked their website which is not conclusive, says the register date is tomorrow, the 4th, which is normally the day after ex div day. We'll see tomorrow, ADVFN has ex div today.

[sat69] 03/3/2016 09:05

Divi 4.55p. Paid 1st Apr. XD tomorrow?

[speedsgh] 17/2/2016 09:08

Ashmore well positioned when sentiment returns -

Emerging markets investment company Ashmore (ASHM) is well positioned for when confidence in markets returns but risks remain.

Peel Hunt analyst Stuart Duncan retained his ‘buy’ recommendation but reduced the target price from 330p to 270p. The shares fell 1.4% to 210.4p yesterday.

‘We reduce our forecasts and target price to reflect the ongoing challenges from emerging market exposure,’ he said.

‘The asset class potentially offers attractive returns but investors remain unconvinced. When sentiment returns, Ashmore is well positioned. The yield remains short-term compensation, although this is not without risk given the reduced earnings expectations.’

[alphahunter] 15/1/2016 07:56

Closed the long-held short position.
From ~295p (Dec2014). Had to pay out a full dividend.

[alphahunter] 06/11/2015 14:31

Will the Fed make a decisive move at last?

Barclays reverses Fed call from March to December

[coolhandfluke] 10/10/2015 13:20

Including this Dec divi £803 in total but still down £1.3k on initial £7.4k investment. If they maintain divi at current level and share price is at today's level i will be okay in 4 years time. I believe the share price is only rising now due to the delay in US interest rate rise. I don't understand Ashmore's investment business but their funds under management have been reducing of late. Good luck but be careful.

[sat69] 09/10/2015 22:45

Just added the chart from flotation. Looks like you bought near the top! At least you've had a few nice divi payments. I've only put in £3k and my target is £3 though I'm getting itchy fingers.

[coolhandfluke] 09/10/2015 12:06

I bought Nov 2013 for the divi. Just need the share price to advance a further £1.20 from today's price and I can get my £7k back.

[sat69] 07/10/2015 16:57

I bought last month for the divi. Good to be back in profit!

[philo124] 02/10/2015 07:21

I xold TEMIT but held here.fwiw.

[alphahunter] 01/10/2015 23:16

"The signs are that outflows are coming from institutional investors as well as retail. That institutions may also be capitulating is certainly a bad sign"

- Charles Collyns, IIF chief economist

[alphahunter] 01/10/2015 23:06

Investors pulled US$40 billion (S$57 billion) out of emerging markets in the third quarter - the worst fund outflow since the global financial crisis, according to the Institute of International Finance (IIF).

Emerging markets have enjoyed a positive flow of funds in recent years - more cash being invested than taken out - but the gloss has long gone.

Concerns over China's accelerating slowdown, the worsening commodities slump and jitters over higher United States interest rates are unnerving fund managers, who are voting with their feet.

There was some respite a fortnight ago when cash starting coming back following the US Federal Reserve's decision to hold off on a rate hike but that blip of optimism vanished by last week.

Investors sold off about US$19 billion of equities and US$21 billion in debt during the quarter, said the IIF report on Tuesday.

This is the biggest negative quarterly flow since the fourth quarter of 2008, when investors sold US$105 billion of assets.

[alphahunter] 26/9/2015 15:15

Directors selling this week.
Where has the smart money gone then?