F&c Asset Management Share Discussion Threads

[washbrook] 02/11/2006 20:18

With regards to post 15
I have looked at the trades for 31.10.06 and there are none that tally.

Highest offer at the opening was around 187p.
At 192p cost on £5000= 2604 and none around that.
Further in the day 2600 trade @185p
Stamp duty on 2600 X 185=£4834 including stamp duty that would give £166commision
or 3.32% which is hard to believe.
I sent an email to the article writer at FOOLS .Guess what it was a phoney email.

[a0148009] 02/11/2006 11:14

I am sure he bought them on 31.10.2006 and reported purchase on 01.11.06. I trade this one from the 180's and look to sell for 15 to 20 points above. I always trade from the long side as I think one day there will be major corporate activity.

[washbrook] 02/11/2006 10:01

sgb I agree with you with regards to the Fool purchase.
I have been looking at yesterdays trades assuming a buy on 1.11.06 .
Buys ranged from 1.795p to 181p.
A 11p mark up on costs is extroidinary.
Say you bought £5000 of stock( deduct stamp duty £4975) say 1.65% brokers costs(£82.5) therefore costs of £107.5 .£4892.5/£1.80 =2718 shares, value £4892.
£5000/2718 =£1.8396 therefore costs 3.96p PUZZLED
He must have bought them before 1.11.06

[washbrook] 02/11/2006 09:23

It looks a buy.



At present up 5.25p any pullback and I am in.

[sgb] 01/11/2006 20:28

I'm slightly puzzled by the Fool purchase price of 192 (inc costs for £5000 worth)
Either they use an expensive stockbroker or they bought just before the results
and watched 10p dissappear.

I bought some on the results dip but think that may have been slightly hasty.

Friends Provident may come under the slide rule themselves yet.

[keelstow] 01/11/2006 19:38

you might want to check out this post



or then again was it someone reading that inspired this thread?

[rhodesthomson] 01/11/2006 12:39

Hi Washbrook, I feel the reason behind the creation of FCAM is in essence the problem - it has been size for size sake and not driven by being best of breed either in distribution or cost management. Only a matter of time imho before a further shift in the ownership structure of this business. The success of FP at the moment is all about investing in long term growth and its own short term growth is likely to suffer due to these ongoing investments - one easy solution near term is to create value from the FCAM stake.

[washbrook] 01/11/2006 09:36

A great web site for information:

[washbrook] 01/11/2006 09:22

'' F&C was created on 11 October 2004 from the merger of ISIS Asset Management plc and F&C Group (Holdings) Limited (the former F&C).

The majority shareholder of the company is Friends Provident plc who owns approximately 51% of the issued share capital. Our other major shareholder is Eureko B.V., owning approximately 20% of the issued share capital. Both major shareholders are committed to supporting the long-term development of F&C, in line with their own strategies. The current ownership structure of F&C is illustrated below''.


I have been investing in Investment Trusts since 1963 and F&C was always rated the best managers.ISIS have managed some good Investment Trusts and over the years I have made money from them.Now I am 70 I only look for Income and this stock is out of favour.A good one to lock away and buy on weakness.
I notice Friends Provident the major shareholder is doing rather well this week, after their latest figures.

[rhodesthomson] 31/10/2006 18:37

SGB, lock away a few, currently valued at less than 1% of funds under management, could easily be valued at over £3 should FP seek to ralise value from their holding. ADN and NSAM would carve this one up nicely and put an old dog out of its misery. Limited downside, ideal for the old ISA maybe?

[sgb] 31/10/2006 13:51

Or just a maybe

The bad news is out and the management have some financial expertise.

Maybe worth holding for the yield whilst waiting for some rerating or
takeover interest.

[phbatbjco] 10/7/2006 18:07

I asked myself the question and I believe I can now answer a definitive "yes"

[phbatbjco] 23/6/2006 08:02

Is this the most boring and uninspiring stock on the BB - I ask myself?

[phbatbjco] 21/6/2006 15:13

Dividend yield up to 6% now on a historical basis

[phbatbjco] 19/4/2006 08:39

Good initial movement up today - anyone interested?

[phbatbjco] 13/4/2006 16:31

Anyone keeping an eye on this one?

Yield over 5% - been hovering around 175p - 260p for the last 3 yrs or so.

Not much profit before tax (actually a loss) but with improving markets and a good brand could it pick up?