ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ASHM Ashmore Group Plc

153.20
0.60 (0.39%)
Share Name Share Symbol Market Type Share ISIN Share Description
Ashmore Group Plc LSE:ASHM London Ordinary Share GB00B132NW22 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 0.39% 153.20 657,117 15:12:40
Bid Price Offer Price High Price Low Price Open Price
153.10 153.20 154.40 151.40 151.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 189M 93.7M 0.1413 10.88 1.01B
Last Trade Time Trade Type Trade Size Trade Price Currency
15:13:08 O 1 153.15 GBX

Ashmore (ASHM) Latest News

Ashmore (ASHM) Discussions and Chat

Ashmore Forums and Chat

Date Time Title Posts
19/6/202522:21Ashmore Group Looking Good262
14/10/202008:01Ashmore Group – now in FTSE-250427
03/3/201613:18Ashmore Group10

Add a New Thread

Ashmore (ASHM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:13:10153.1511.53O
14:12:40153.20433663.36AT
14:12:40153.20812.26AT
14:12:02153.30352539.62AT
14:12:02153.30575881.48AT

Ashmore (ASHM) Top Chat Posts

Top Posts
Posted at 14/4/2025 10:13 by stewart64
You wonder where the floor is. The 500 million cash mountain ( assuming it's all still there) equates to 105p, the rest is valued at just 20p a share.
Posted at 14/4/2025 10:10 by brucie5
The big faller in a folio otherwise largely stacked with risers - for a change! I notice the share price is now headed for the 2020 Covid low at £1, which i now fully expect it to achieve, if only because such numbers seem to exercise a gravitational inevitability.

The weakness is self-evident in the update; but perhaps needs context of wider sectoral malaise affecting fund managers. But despite the net outflows in AUM the managers continue to achieve outperformance:

"Emerging Markets performed well over the quarter on the back of economic resilience together with the benefit of a weaker US dollar and strength in the Euro as a consequence of planned fiscal expansion in Europe. Ashmore's active investment processes continued to deliver outperformance across a broad range of strategies."

In the meantime the dividend is in excess of 12%, uncovered and will probably be nearer to 13% shortly. So the first question for me is what sort of haircut, while waiting for the market to recover. The second question, how does the "New World Order" affect EMs and the strategy that ASHM brings to bear on them. Third question, in the light of the second, how much further down to go, or is this likely to be the bottom?
Posted at 14/3/2025 08:07 by cwa1
*UBS RAISES ASHMORE GROUP TO 'BUY' (NEUTRAL) - PRICE TARGET 180 (175) PENCE
Posted at 17/1/2025 15:24 by brucie5
Cerrito17 Jan '25 - 10:07 - 244 of 244
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.’
--------------------------------------------
Hence fact that EV is so much cheaper than mcap, given that the latter is constructed by adding debt but subtracting cash...? And on that basis the share is cheaper than its mcap might suggest, and the other four shown above.
Posted at 17/1/2025 10:07 by cerrito
From Citywire this morning
quote
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, notwithstanding̷0; more volatile market conditions in emerging markets’.

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 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 30/12/2024 15:01 by cherryandwhite1
Crikey it's lowest share price in 15 years. What on earth is going on here.
Posted at 14/10/2024 12:04 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 WealthOracle

wealthoracle.co.uk/detailed-result-full/ASHM/868
Ashmore share price data is direct from the London Stock Exchange

Ashmore Frequently Asked Questions (FAQ)

What is the current Ashmore share price?
The current share price of Ashmore is 153.20p
How many Ashmore shares are in issue?
Ashmore has 663,259,394 shares in issue
What is the market cap of Ashmore?
The market capitalisation of Ashmore is GBP 1.01B
What is the 1 year trading range for Ashmore share price?
Ashmore has traded in the range of 122.80p to 220.00p during the past year
What is the PE ratio of Ashmore?
The price to earnings ratio of Ashmore is 10.88
What is the cash to sales ratio of Ashmore?
The cash to sales ratio of Ashmore is 5.39
What is the reporting currency for Ashmore?
Ashmore reports financial results in GBP
What is the latest annual turnover for Ashmore?
The latest annual turnover of Ashmore is GBP 189M
What is the latest annual profit for Ashmore?
The latest annual profit of Ashmore is GBP 93.7M
What is the registered address of Ashmore?
The registered address for Ashmore is 61 ALDWYCH, LONDON, WC2B 4AE
What is the Ashmore website address?
The website address for Ashmore is www.ashmoregroup.com
Which industry sector does Ashmore operate in?
Ashmore operates in the MGMT INVT OFFICES, OPEN-END sector

Your Recent History

Delayed Upgrade Clock