F&c Asset Management Share Discussion Threads

[topvest] 17/5/2012 21:03

Think the prospects are looking up here and very pleased with management's decision to stick with investment trusts. RDR could in my view be very positive for investment trusts, particularly those with 30 year + dividend records. The records of these companies are often far better than open end funds that charge TERs 2/3 times higher and have no such long term record.

Have you seen the F&C Barrow Hanley US Trust announcement today?

Difficult timing, but a good time to put this sort of portfolio in place. I will be taking a look at the prospectus as this possibly looks like a US Buffet trust. I have thought for some time that it is absolutely amazing that no investment trust focuses on global value consumable brands. We have Nick Train with his two UK style Buffet trusts, but both are UK focused.



Not sure whether this is going to be a Buffet style investment vehicle but it may be. Be nice to have a global investment trust buying US stocks, with a buy and hold strategy with stocks such as Coca-Cola, Kellogg, Heinz, WD-40, P&G, Amex etc..., but there isn't one...amazing! Not sure if this is what this will quite be, but it looks like a value based approach.

[northernlass] 17/5/2012 18:54

Executive Chairman's Big Buy !

EDWARD BRAMSON, EXECUTIVE CHAIRMAN, SPENDS £90,601 BEEFING UP HIS STAKE

Edward Bramson, the Executive Chairman of F and C Asset Management, has increased his stake in the company with the purchase of 134,025 shares.

The shares were bought for an average of 67.60p each costing a total of £90,601.

Bramson became Executive Chairman in October of last year, before which he had been Chairman for around eight months.

On Tuesday the company revealed the details of the second phase of its strategic review, which is focusing on the growth for the Wholesale, Consumer (Retail Funds and Investment Trusts) and Property businesses.

The firm said Phase Two of its Strategic Review involves pursuing profitable growth for the Wholesale and Consumer businesses, "responding to customer needs in the advisory and self-directed channels and building on F&C's strengths in multi-manager products, direct marketing and its consumer brand awareness".

FCAM will also enhance and expand its direct marketing capability, currently supporting its investment trusts, to support a wider product range. In Property, the group is looking to improve the distribution of core products through all distribution channels and develop a pan-European product.

The week previous the company reported that it has seen strong investment returns in the first quarter offset by significant outflows of investor funds.

By the end of March assets under management (AUM) had increased to £101.8bn from £100.1bn at the end of December.

Source:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[a1samu] 09/5/2012 09:38

AGM on 9th May @ 10am.

[a1samu] 27/4/2012 07:10

Thanks Rabain

Yes F&C is like a supertanker and it will take time to turn it around. I am giving it three years from the appointment of Bramson, I think, it was in February 2011.

My target price is £3 a share, with dividends in double figures, and I sincerely hope that Bramson will be up to the task in hand.

With the AGM on the 9th May and Bramson telling us that the next update of the strategic developments is due to be released in May, I am very much hoping that he will use this ocassion to release his news and that it will positively impact on the shareprice.

[rabain] 26/4/2012 08:46

a1 you could do a bit of research on Bramson and Sherborne. They have quite an impressive record on turning companies around, its not a perfect record, but impressive nonetheless. I benefitted from Bramson's time at Spirent where he took a comapany that had badly lost its way and turned it round..and its still forging ahead after he's gone. In fact I sold out far too early. BUT you have to be patient. I like him..he upsets complacent sitting directors and usually gets results for shareholders...eventually. Best wishes

[fangorn2] 16/3/2012 17:12

Hardly a vote of confidence...

[fangorn2] 16/3/2012 10:51

That's quite a large reduction in their stake, from 9% to under 3%!

[fangorn2] 15/3/2012 15:01

positive underlying performance offsets large funds outflow

[fangorn2] 15/3/2012 15:01

Anyone still using this board and have we all moved to another

[wexboy] 31/1/2012 16:00

Hi folks,

Continuing my series on activist investors and other catalysts. Latest post highlights over a dozen listed activist funds/vehicles that you can invest in, including Sherborne Investors (which offers a cheap entry to F&C):



I hope you'll take a look (and plse don't hesitate to comment or email me).

Cheers,

Wexboy

[haroldthegreat] 30/11/2011 15:58

the question one has to ask is if bramson is stupid. if he isnt he is buying the shares to make a profit, he is buying loads of shares on a regular basis and if one doesnt think he is insane one should follow his example. he must see value there. his company siga lp is also buying.

[a1samu] 07/11/2011 09:57

Bramson keeps on buying the shares each day and the price keeps on falling.

How good is this?

What does Blackstone know that Bramson does not know for being able to short the share price, despite the purchases of Bramson? All is amazingly weird!

Are all the city investors running for the doors in disbelief of an "american" highjacking their cosy long standing arrangements? It is at least known that Aviva, one city investor is backing Bramson to the tilt.

If Bramson is attempting to shake out the 70000 small shareholder, it will take him a long time to do, at the rate of his purchases! Why not make an offer to the small shareholders, to get them out of the way?

When will Bramson call in one of the american wizzkids to start to add serious shareholder value?

[fangorn2] 27/10/2011 10:13

Another nice rise today.Long may it continue.

Bramson buying more shares....another 66000 or so.(beneficial interest)

[warranty] 26/10/2011 18:43

i don't care why it's going up I'm just glad that it is and let's hope it's now broken that awful down trend.

[robertfaulkner] 26/10/2011 09:24

Thanks Lion, I've just seen article in Evening Standard about E Bramson finally took over F & C and cost cutting and a couple of new board members

[lionheart79] 25/10/2011 09:49

I think its mostly down to the news of further cost cutting. The new chairman has a bit of a reputation (good if you're a shareholder, bad if you're an employee!) so I expect that's made a bit of an impact.

not sure what that the recent resistance at 68p is all about though, would like to see it broken...

[robertfaulkner] 25/10/2011 08:23

Found this, to read all click on news above (top)AFVFN

Interim Management Statement, must be good for 11% share price rise





TIDMFCAM

RNS Number : 7545Q

F&C Asset Management PLC

25 October 2011

25 October 2011

F&C Asset Management plc ("F&C" or "the Group") is today issuing an Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules and an update on its strategic review. Except where specified otherwise this statement covers the three months to 30 September 2011.

Highlights

-- Assets under Management ("AUM") of GBP103.2 billion at 30 September 2011
-- Positive investment performance in Q3 offset by movements in FX and net flows
-- GBP12 million cost reduction target announced January 2011 increased to GBP33.2 million (4.7p per share) as a result of incremental actions announced today

-- Institutional strategy to focus on scalable "core" capabilities with high incremental operating margins and low revenue volatility

[robertfaulkner] 25/10/2011 08:18

Anyone know why the big 11% rise today?

[warranty] 05/10/2011 15:53

Agree Salpara and that's not usually a good sign but I dipped back in for a few at 58p and unless there's really bad news I'll add more if it drops for the longer term with the now 5%+ yield a good backstop.

[salpara111] 05/10/2011 12:59

Odd that it is down so much on an up market day.

Held before but not at present, would look again at 51-52p level if it got there for no other reason than technical support around the 50 line.

[warranty] 05/10/2011 12:41

Confident this is just a temporary dip but a good entry point for a small holding even if it drops further. When stocks recover (hopefully??) so will this as money comes back in.

[a1samu] 05/10/2011 11:32

Not far off the dreaded and unbelievable 50p. This is destroying shareholder value big time.