F&c Asset Management Share Discussion Threads

[topvest] 08/1/2011 18:01

How are people voting? I'm going to stick with the existing board for the time being I think, as the rebels aren't really putting anything convincing forward.

[warranty] 07/1/2011 19:58

Certainly one that a lot of peeps have missed Sal and I think a lot further to go yet.

[salpara111] 07/1/2011 17:20

Yikes!

Appears to be going to the moon now!

Having said that I just looked at FCAMs performance Vs the FTSE 250 over the last year and 2 years and it has underperformed the market in both cases so I will hold for now.

[warranty] 07/1/2011 16:59

I fully agree lionheart, when I bought into this at 68p after watching it for a while, I did so with a longterm hold in mind in my ISA, where including the yield I expected to do well over the next 2-3 years. I still think it's undervalued and if we do get a bull run and a move back into equities FCAM should continue to benefit. It's always tempting to take a profit but selling out too early is easy to do and though it's gone up more quickly than I expected and there may well be a pullback I'm riding this horse for now and staying on.

[lionheart79] 07/1/2011 16:05

While it has been a great 6 months for FCAM (and a great week!), looking at the longterm chart there is still much room for further improvement.

[salpara111] 07/1/2011 12:16

Have to say that I never thought we would be back at 90 again so soon! Not that I am complaining!

Warranty, you make a vaid point....what would I do with the money if I sold and at present I dont have a good answer for that, however when you look at the shape of the share price chart over the last 2 months I just get a little nervous that there may be a sharp retracement.
However the corporate wranglings appear to be ongoing and seem to be providing a major stimulus to the share price so I guess I will hang tight for a little while.

[warranty] 07/1/2011 11:52

That's the quandry lionheart79 but at least it's a better one than when it goes the other way like my HMV at the moment!! Personally I'd like to see this over 210p and I do think it will get there though it may take a litle time.

[lionheart79] 07/1/2011 11:44

I'd like to see this over 110p, would take some profits then. But as you say warranty, not sure where I would put those profits if I did take them.

[warranty] 06/1/2011 17:24

As tom says it's your call Sal and nobody would criticise you for taking a profit but this does still look significantly undervalued and with the negativity in the market receding and the prospect of more money coming back into equities in 2011 it might just be the right place to be. At 74 and 60 you're already way ahead so your profit should be a good one if you do decide to play safe. That said, what would you do with it then that appears safer than this?

[tom111] 06/1/2011 16:48

Get the crystal ball out however the share does seem to have turned a corner and looks like a recoveryplay.Warranty makes some valid points.As always dyor

[salpara111] 06/1/2011 16:39

Hmm,

I bought last year at 74 and again at 60 and watched as it all headed south but my perserverance has been rewarded, the problem I have now is do I take a decent gain at around 90p or hold for more?

[warranty] 04/1/2011 08:13

Thanks Tom, I agree and feel asset managers could have a very good year. With FCAM there's also the possibility of a takeover at some point. Added to the still attractive yield as well it ticks all my boxes.

[tom111] 04/1/2011 07:56

warranty lost the article now,going by memory business is picking up and will improve with or without any management changes.My own view is that more money will be flowing into equities this year having a knock on effect imho

[warranty] 03/1/2011 22:50

Thanks Tom, nice to know we're not alone in seeing this one as a winner. Could you briefly give the reasons why?

[tom111] 01/1/2011 16:07

Tipped in the Telegraph today one of Tempus New Year tips,expect a nice rise on Tuesday imo

[warranty] 31/12/2010 17:28

Well, what a fantastic finish to 2010 let's hope we can continue the charge in 2011. Happy New Year to all holders.

[warranty] 30/12/2010 17:56

Well it hasn't done anything to damage the share price so far so let's hope however it's resolved moves this up further.

[salpara111] 26/12/2010 14:02

All rather curious...cant quite work out if all these goings on are beneficial for shareholders or not.
I am inclined to hold on for a little longer to see how this plays out.

[typo56] 23/12/2010 07:51

The Times today:

The fund manager under siege from two of its biggest shareholders has asked the City's mergers watchdog to investigate their stakebuilding.

F&C Asset Management is understood to have approached the Takeover Panel to declare that Sherborne and Aviva Investors were acting "in concert".

etc

[enami] 19/12/2010 11:02

Yes they did exist.



Go to "KEY QUESTIONS ANSWERED" in the above link

Basically before the Resolution takeover Friends Provident owned 52% of FCAM. They demerged the stake and we ended up with 1 FCAM share for every 10 FP. Shares.

and

[robertfaulkner] 18/12/2010 17:55

Can anyone remind me, I acquired some shares in F & C when Friends Provident was bought out by Resolution, did F & C exist before this take over, and what was the reason for giving F & C shares to Friends Provident shareholders?

[petersinthemarket] 17/12/2010 10:53

Many thanks for response.
Judging by share price movement, it looks like the stock market likes the news much more than the board does.
Bouncing up against 80p but if it breaks through here the next stop could be 90p next week.
PIM

[solarno lopez] 17/12/2010 10:48

They can demand a meeting if they have over 10% of the issued share capital

[petersinthemarket] 17/12/2010 10:40

Sherborne have consistently ruled out a company buyout. What they have said is that they want company control. They can get this simply by moving in to, and dominating, the board of directors.

I note that the board have agreed to call the meeting that Sherborne requested. Can anyone tell me the rules on this? Are Sherborne in a position to legally demand a meeting?
PIM

[salpara111] 17/12/2010 09:46

Lord Gnome....I feel your sentiment I have been there many times myself.

I have continued to hold FCAM because of all the major corporate action that has been going on.
My dream (as if!) is a full blown takeover at a price around 100p....dream on! having said that there is enough action that momentum will continue with the share price