Liontrust Asset Management Share Discussion Threads

[calleva] 08/7/2002 11:06

RNS Number:3013Y
Liontrust Asset Management PLC
8 July 2002


Monday 8th July 2002

Stock Exchange Announcement


Liontrust Asset Management PLC 2002 Annual General Meeting.

Chairman's Statement and Trading Update

The following is the Statement by Chairman Ellen Winser at the 2002 Annual
General Meeting, held at The Savoy, London WC2 at 11am on Monday 8th July 2002:

"As I said in my statement in the Company's Annual Report and Accounts, I am
delighted to be able to report good results for our third year running as a
public company. We attribute these results to the excellent performance of our
investment processes and the simplicity, efficiency and focus of our business
model.

Competition in all areas of our business remains intense and the stock market
environment difficult, but we remain confident that the differentiation and the
superior performance of our investment processes and our increasing distribution
capabilities will enable us to make further progress. Our results for the
current financial year to date are encouraging.

Indeed, since our year end, we have won an additional £190.5 million in new
institutional pension fund mandates and net sales of our proprietory unit trusts
have been £92 million. Despite the 15% fall in the FTSE 100 index since our year
end, funds under management on Thursday 4th July stood at £1.916 billion, with a
further £379.5 million in transition. We continue to be invited to pitch for
substantial new business.

I would like to thank our staff for another successful year and reiterate that
we look forward to the challenges that lie ahead. We continue to see a bright
future for Liontrust and all those associated with our Company."

[morose] 06/3/2001 13:18

BRNF
Have you any thoughts about where it will go from here?
Up slightly today.

[brnf] 06/3/2001 11:51

Look at the announcements and you will find your answer. A pre-warning of a forthcoming placing of secondary stock, the market bidding the stock down against the seller and now settling the traditional 5% above the placing price.

[morose] 06/3/2001 10:10

Some rare goings on at Lio but if anyone looks at the chart they may see an excellent buying opportunity.
Or could something more sinister be going on?
Interested in your comments.