Bluebay Asset Management Share Discussion Threads

[its the oxman] 18/10/2010 15:17

probably - I sold out this morning 488p - thank you

[v11slr] 18/10/2010 09:12

I must be the last one left here. :-)

[lgpixels] 30/9/2010 09:55

Any thoughts of MAM Funds Plc (MMF) with the results out today? Bluebay Asset Management is valued at EV/FUM 2.3% compared to MAM Funds at 1.5%. Arbuthnot have issued a strong buy recommendation with a price target of 40p compared to the current price of 20p.

[a1samu] 19/7/2010 07:34

According to the trading statements issued during the year, the company incurred $3.9Billion in exchange losses. It gained $3.7Billion on its invesments, therefore it lost a net $0.2Billion in the year.

The company lost a gross $2.9Billion in the last quarter of the year. ($2.7B on exchnage losses and $0.2 on investments).

It also reported performance fees todate, of £35.3M @ 31.3.2010, which reduced for the year, to £28.4 in the trading statement of the 16.7.2010.

Now, how clever is that?

[a1samu] 16/7/2010 08:40

Clearly, the policy declared on dividend payments of between 75-100% of profits is no comfort at all to ordinary shareholders, if the profits will diminish or altogether disappear, as it happened in the last quarter.

The trading statement issued today has no comfort for ordinary sharholders of any sort whatsoever.

This company is a totally directors and employee centered company with ever increasing wages and bonuses paid them and with ever increasing commissions paid to others.

This company is neither a growth company or an income producing company. What sort of company is this?

[a1samu] 05/7/2010 18:47

Nice £25,000 profit on their buy/sell of the Dana bonds just reported today.

Not bad if you can do it?!

[a1samu] 02/5/2010 13:20

Dont know how good this company is. It appears that the lions share of the profits are eaten up by ever increasing commissions & staff remmuneration.
The record seems to be as:

Period 30.6.2008A 31.12.2008A30.6.2009A 31.12.2009A 30.6.2010E
Ended

PTP £50,064M £8,598M £17,545M £26,008M £51M
% of revenue 43.5% 16% 17% 37% 40%

Commission
paid out £2.086M £1,839M £6,536M £6,812M £12.6M
% of revernue 1.8% 3.4% 6.1% 8.9% 9%

It appears to me that the pot ( Pretax profits = PTP ) available to the ordinary sharholders is an ever uncertain measure. Being promised to distribute between 50% and 100% of the profits to ordinary shareholders is an uncertain income, since one cannor rely on a steady pot being available even in good times. I wonder what this dividend policy will bring in bad times, when the commissions, bonuses & remmuneration seems to be escalating all the time.

[a1samu] 30/4/2010 11:34

No, as I said earlier they have massively shorted Greece & making a big killing out of it.

[smellyjim] 30/4/2010 09:44

chart breakout coming or something more??? Someone been taking everything out the book since the bell.

[a1samu] 28/4/2010 15:55

Bluebay will be making millions out of the greek tragedy?

And then some more out of Portugal, Spain & Italy.

So, 400p here we come!

[its the oxman] 20/4/2010 11:11

getting ready to push higher and test 400p me thinks

[v11slr] 08/4/2010 16:11

Nice move this afternoon, I wonder why?

[joseph moran] 17/3/2010 18:57

This share doesn't seem to have any direction at the moment, although i believe it can go higher, its been to over £5 previously. It pays a reasonable dividend and they said they would pay more in the future.

[pillion] 03/2/2010 19:34

A former fund manager at BlueBay Asset Management has been fined £140,000 by the Financial Services Authority (FSA) for altering the figures...............

[cockneyrebel] 20/1/2010 13:28

Flying - big breakout on the t/s imo.

CR

[cockneyrebel] 20/1/2010 11:00

Nice chart - trading statement any day:

0814 GMT [Dow Jones] UBS raises BlueBay Asset Management (BBAY.LN) to buy from neutral and lifts target price to 400p from 360p. Notes BlueBay is due to announce its 2Q'10 assets under management to Dec. 31 on Jan. 21 and the brokerage forecasts AUM will rise 9% to $34B from end-September '09. Says this is expected to be driven primarily by further net fund inflows, helped by BlueBay's broad array of strongly performing bond funds. UBS says "BlueBay's forecast AUM growth in 2Q'10 is faster than Ashmore's (ASHM.LN) reported 2% increase in 2Q'10 AUM." BlueBay shares +2.8% at 365p. (MMA)

CR

[its the oxman] 28/11/2009 15:49

bought back in here sub 320p and ready for the next push up toward 400p if the positive trend continues

[ian77] 24/11/2009 09:23

Taken ny profits on this one to buy lloyds rights. Lets hope its worth it!

[yaesu] 20/10/2009 19:18

Amazing !!

[josels] 18/9/2009 07:49

It seems to the that management fees are much larger than the profits, ...is it worth it?

[yaesu] 11/9/2009 12:51

I had wondered about taking some profits myself but haven't so far. What a wonderful share this is - and hardly anyone talks about it !

[its the oxman] 10/9/2009 09:15

took a chunk of profits today, 318p - probably wrong as good trend in place but still holding my original investment

[chester] 25/8/2009 11:55

A closing price of 303p + and its looking very nice.

[chester] 21/8/2009 09:18

Building up now...

[chester] 19/8/2009 10:05

I've bought some this morning. 229p major support going back into early 2008. Bounced off it again 2 days ago.