Liontrust Asset Management Share Discussion Threads

[trident5] 01/11/2019 11:13

What ceiling price would you like? I have a selection you can choose from.

[petewy] 01/11/2019 10:18

I need to topslice as I never expected a double. Anyone have a ceiling price please.
I bought in awhile ago for the yield which is 6% (for me)so I don't want to sell but...

[gsbmba99] 16/10/2019 22:18

I make 30 Sep sum of fund factsheets at £12,749.8m as compared to £12,548.4m as at 31 Aug which is +£201.4m or +1.6% for the month. 28/32 funds gained AuM in Sep. The YoY growth rates are: overall +26.5%, SF series +35.7% and Cross & Co +22.6%. Neptune looks to have lost £27.3m or 1.3% in Sep excl institutional funds and Japan Equity Fund which didn't publish a factsheet for Aug. 5/18 Neptune funds gained AuM. The sum of fund factsheets doesn't distinguish between market performance and net new money. There could also be some double counting where the same fund has both a UK and a GF (Global Fund) variant (eg Special Situations). It broadly corresponds to Retail plus International.

[hsduk101] 10/10/2019 19:08

Good news yesterday. As asset prices 'surge' up 3% today. This looks good for more growth now

[gsbmba99] 08/10/2019 13:38

Perhaps worth pointing out that Impax, an ESG specialist fund manager, had strong AuM growth of 20% in year to 30 Sep. Liontrust's Sustainable Future series of funds are growing even faster (albeit from a lower base) at 34.6% in year to 31 Aug. There seems to be quite a strong tailwind in this area. SF series about 35% of LIO AuM excluding Neptune.

[cockerelkennyin4apenny] 27/9/2019 10:36

https://youtu.be/IhNcw2AYi_8

[golf12345] 24/9/2019 09:09

You keep them!There is nothing better than looking after other people's money and getting paid for it .This is an attractive company ,making a profit ,paying a dividend with real growth prospects.

[petewy] 21/9/2019 13:24

do I sell or keep gsbm

[gsbmba99] 21/9/2019 11:44

I make 31 Aug sum of fund factsheets at £12,548.4m as compared to £12,689.0m as at 31 Jul which is -£140.6m or -1.1% for the month. 7/32 funds gained AuM in Aug. The newly established bond team continue to attract assets. Aug was a terrible month for mkt performance. The YoY growth rates are still very good. Overall +27.4%, SF series +34.6% and Cross & Co +25.2%. Neptune looks to have lost £106m (-4.7% MoM) in Aug excl institutional funds and Japan Equity Fund which didn't publish an Aug factsheet. The sum of fund factsheets doesn't distinguish between market performance and net new money. There could also be some double counting where the same fund has both a UK and a GF (Global Fund) variant (eg Special Situations). It broadly corresponds to Retail plus International.

[gsbmba99] 22/8/2019 19:57

I make 31 Jul sum of fund factsheets at £12,689.0m as compared to £12,231.3m as at 30 Jun which is +£457.7m or +3.7%. 23/32 funds gained AuM in Jul. Multiple double digit % AuM gainers in the month. SF series really motoring with overall AuM up from £4,199.4m to £4,440.4m for +£241.4m MoM and +38.7% YoY. Cross & Co funds are £6,780.2m and grew 32.2% YoY. Neptune looks to have gained £105m in Jul excl institutional funds and Japan Equity Fund which didn't publish a Jul factsheet. The sum of fund factsheets doesn't distinguish between market performance and net new money. There could also be some double counting where the same fund has both a UK and a GF (Global Fund) variant (eg Special Situations). It broadly corresponds to Retail plus Offshore.

[gsbmba99] 05/8/2019 08:53

I don't think there's a rating and price target since LIO is a corporate client of N+1. 3/20E EPS went from 56.8p to 58.7p and 3/21E EPS went from 63.3p to 68.7p. 3/21E represents a full year of inclusion of Neptune based on Oct close. The trick will be getting Neptune AuM to grow. It also helps to diversify "key man" risk associated with Anthony Cross whose phenomenal success has led to his team managing a disproportionately large share of AuM.

[hsduk101] 03/8/2019 18:53

This sounds really good. Whats expected of share price and projected target?

[gsbmba99] 03/8/2019 18:16

N+1 on acq.: "Liontrust has agreed to acquire Neptune for £40m in shares: £35m on completion with the remainder contingent on performance. This equates to an attractive 6x fwd EV/EBITDA (post-synergies) multiple and 1.7% EV/AuM. Neptune has £2.8bn AuM across 19 funds which we believe represent a complementary strategic fit to Liontrust’s existing offering, driving group AuM through £17bn. This also brings additional diversification benefits. The transaction will be 3% accretive in FY20e (6m contribution) and +9% in the first full year (FY21e). We update forecasts, assuming completion in October. We continue to believe that Liontrust’s current 14x PER is undemanding, and see further upside on continued execution."

[hsduk101] 29/7/2019 10:18

Wow this is really rocketing now. Bought when it was back in the early 700s, just a month ago. Theres almost like theres no top end to this one.

[gsbmba99] 11/7/2019 11:33

From N+1 note today:"Inflows have surged in Q1 hitting a new quarterly record at +£725m, confirming AuM at £14.1bn (+11.4% qoq). Outperformance complemented this: adding a further £717m equating to +5.7% (as % opening AuM) vs the +2.7% posted by the FTSE All-Share. We do not make any changes to our earnings forecasts, having already upgraded by 6-7% at the Finals for £14.0bn AuM as at 25/6. Trading at a 13x FY20e PER falling to 12x, we find the valuation undemanding given the strong AuM growth momentum."

[rp] 11/7/2019 09:57

Yes, cheering, and don't forget the 20p dividend to be paid on 9th August.

[petewy] 11/7/2019 09:32

Trading statement is cheerful

[hsduk101] 02/7/2019 15:58

Wow, alot of support behind this one. Its up 5% in the last 2 days for me. The charts upward trend is continuing. Alot of deals going through on this one

[hsduk101] 30/6/2019 20:15

Good financials and looking at the chart a steady riser. Only thing making me slightly apprehensive is the 5% buy sell margin

[gsbmba99] 27/6/2019 12:01

N+1 Singer (a house broker): "With only a handful of trading days left in Q1, we update our model marking the Q1 outturn to the £14.0bn level. This drives a 3-6% revenue upgrade, and alongside some modest changes to our cost base, drives a 7% upgrade to FY20e adj. PBT and +6% in FY21e. We upgrade our dividend forecast by 22-23% after a 15% beat against our FY19e forecast. We take this opportunity to publish maiden FY22e forecasts."

[petewy] 27/6/2019 09:35

Results:
Adjusted profit before tax of £30.1 million (2018: £27.4 million), an increase of 10%
Adjusted diluted earnings per share of 46.9 pence per share (2018: 42.7 pence per share), an increase of 10%
Profit before tax of £19.0 million (2018: £12.3 million), an increase of 55%. This includes costs of £11.1 million (2018: £15.1 million) relating to the amortisation of intangible assets and other non-cash and non-recurring costs (see note 5 below)
Revenues of £85 million (2018: £77 million), an increase of 10%

Dividend up to 27p Inflows up.

[rp] 20/6/2019 11:15

What explains the ridiculous spread today?

[gsbmba99] 18/6/2019 10:59

I make 31 May sum of fund factsheets at £11,809.2m as compared to £11,506.1m as at 30 Apr which is +£303.1m or +2.6%. 15/32 funds gained AuM in May with 5 funds growing AuM >10% in the month. SF series overall up from £3,927.8m to £4,004.7m for +£77.0m MoM and +30.1% YoY. Cross & Co funds are £6,468.2m and grew 30.1% YoY. UK Smaller Companies exceeded £1bn. The sum of fund factsheets doesn't distinguish between market performance and net new money. There could also be some double counting where the same fund has both a UK and a GF (Global Fund) variant (eg Special Situations). It broadly corresponds to Retail plus Offshore.

[petewy] 17/5/2019 23:38

Duh. Up a quid in the last month.

[gsbmba99] 17/5/2019 16:35

I make 30 Apr sum of fund factsheets at £11,506.5m as compared to £10,840.5m as at 31 Mar which is +£665.5m or +6.1%. 30/32 funds gained AuM in Apr with 6 funds growing AuM >10% in the month. SF series overall were up from £3,685.9m to £3,927.8m for +£241.9m MoM and +34.7% YoY. Cross & Co funds are £6,300.0m and grew 31.5% YoY. SF Managed now exceeds £1bn AuM and UK Smaller Compannies not far away (£960m) which would give 3 in total. The sum of fund factsheets doesn't distinguish between market performance and net new money. There could also be some double counting where the same fund has both a UK and a GF (Global Fund) variant (eg Special Situations). It broadly corresponds to Retail plus Offshore.