Liontrust Asset Management Share Discussion Threads

[masurenguy] 27/6/2024 15:19

Sometimes its darkest before the dawn !

Liontrust "well positioned" for when sentiment perks up — Berenberg
Alliance News: 26th Jun 2024

Liontrust reported a full-year decline in assets under management and advice, due to sizeable net outflows, though it has "started to see signs of a change in investor sentiment". The asset manager said assets under management and advice at its March 31 year-end amounted to £27.82bn, down 11% from £31.43bn 12 months earlier. Net outflows during the year totalled £6.08bn.

Chief Executive Officer John Ions said: "We have started to see signs of a change in investor sentiment and this is likely to move significantly when more central banks reduce interest rates and there is greater political and fiscal certainty in the UK. There is no doubt that the amount individuals are investing has been negatively impacted by the cost of living, the reductions in Covid savings and tax rises. With more stability will come greater recognition of valuation opportunities, especially in the UK stock market." Revenue in the year totalled £197.89bn, falling 19% from £243.34bn. It swung to a pretax loss of £579,000 from profit of £49.3m. It maintained its second interim dividend at 50.0p per share, giving an unchanged total dividend of 72.0p per share.

"Profit before tax was in line with consensus, with lower-than-expected revenue broadly offset by lower-than-expected costs. The company sustained outflows in FY24, in a challenging market environment, in our view, given Liontrust’s mid- and small cap equity and UK retail client focus. The business has focused on diversifying its product range as well as expanding its distribution. While short-term flows are challenging to predict and we expect the business to remain in net outflows at the start of FY25, we believe that it will be well positioned when investor sentiment returns to the UK equity market," Berenberg analysts commented.

It rates the stock at 'hold' with a 750p price target. Liontrust shares were 2.9% lower at 729.00p each in London on Wednesday morning.

[spawny100] 27/6/2024 14:09

Likely to rise between now and exdiv on current yield? I bought a few in expectation....

[mister md] 27/6/2024 13:40

I think you may be right, but only because they go ex-div on 4th July.
2nd interim dividend is 50p.

------------------

Dividend

The Board has declared a second interim dividend of 50.0 pence per share (2023: 50.0 pence) bringing the total dividend for the financial year ending 31 March 2024 to 72.0 pence per share (2023: 72.0 pence per share).

The second interim dividend will be payable on 9 August 2024 to shareholders who are on the register as at 5 July 2024, the shares going ex-dividend on 4 July 2024. Last day for Dividend Reinvestment Plan elections is 19 July 2024.

[rcturner2] 27/6/2024 12:37

I think this is heading back into the 600s.

[mister md] 27/6/2024 08:49

Yes, impressive right ? Off-topic: POLR nice results today.

[sbb1x] 26/6/2024 20:58

3 years running with a 72p dividend

[allstar_07] 26/6/2024 20:23

I cant see it myself but did anyone see a breakdown on the outflow and fund performance since the year end. I see the AuMA decreased by 500m but no breakdown. Thanks

[mister md] 26/6/2024 11:46

Well, decided to add even more to holding at 714p, currently yielding 10% whilst we wait for ultimate shareprice recovery.

[kevph] 26/6/2024 08:37

Agree, the decline in AUM has nearly flattened in the past 3 months. Interest rates have peaked. This is a great 1-2 year play with a stonking inflation beating divi to give confidence. Ability to pay out at the low point is a great sign imho

[hpcg] 26/6/2024 08:35

The expansion of the product breadth makes sense. I too think we will see a reversal of outflows post election. It is the usual situation where prior to an election supporters of the government sell in fear, but by very definition the much larger number happy as a result of the change in administration push more in to markets. People selling the results today don't seem to have understood why they were invested here, though it is possibly some long term stale bulls.

The candle thus far today suggests the opening auction misread investor intention.

[masurenguy] 26/6/2024 08:32

The Board has declared a 2nd interim dividend of 50.0p per share bringing the total dividend for the year ending 31 March 2024 to 72.0p per share. The 2nd interim dividend payable on 9 August 2024 to shareholders on the register at 5 July 2024, the shares going xd on 4 July 2024.

[aishah] 26/6/2024 08:20

I'll be adding ahead of ex-divi date if price retreats sharply. UK investor sentiment is improving with HSBC saying recently that UK is ripe for decent inflows. Very much a geared play on market.

[rcturner2] 26/6/2024 08:18

Well glad I sold at 850p.

[smithie6] 26/6/2024 08:10

when is the next divi & how much ?

update:-

50p on 9th August

----

"Dividend



The Board has declared a second interim dividend of 50.0 pence per share (2023: 50.0 pence) bringing the total dividend for the financial year ending 31 March 2024 to 72.0 pence per share (2023: 72.0 pence per share).



The second interim dividend will be payable on 9 August 2024 to shareholders who are on the register as at 5 July 2024, the shares going ex-dividend on 4 July 2024. Last day for Dividend Reinvestment Plan elections is 19 July 2024."

[chester9] 26/6/2024 07:37

The results very much a summary of market. Dividend maintained but not turning around yet. Jam tomorrow but market looks forward don't they. We'll see later.

[aishah] 14/6/2024 08:02

Liontrust a high beta bet, says Ashworth-Lord

Liontrust Asset Management (LIO) has been consistently undervalued by the market, says Sanford DeLand’s Keith Ashworth-Lord.

Ashworth-Lord holds the Citywire Elite Companies + rated asset manager in his £499m CFP SDL UK Buffettology fund.

In his latest fund factsheet, the manager said Liontrust has ‘seen a material derating spanning several years to the point where, until recently, it was valued at not much over 1% of its assets under management, adjusting for its substantial cash pile.’

Although there was little news about the group over May, it has benefited from the recent recovery in sentiment towards UK equities, which ‘leaves it particularly primed for recovery’.

Ashworth-Lord said although it is unrelated, the recent takeover bid for investment platform Hargreaves Lansdown ‘will not have gone unnoticed’.

‘To use stock market jargon, Liontrust is about as high a beta stock as you could wish to own,’ he said.

The shares rose 1.8% to 774p on Wednesday and have jumped more than a quarter in the year to date.

[mister md] 12/6/2024 15:00

A long video but interesting discussion. Definetely a 'bowl' on the chart here. Nice price action today, hopefully a swift move back to 800p+ ...

[bigbigdave] 11/6/2024 09:04

lol :o)

fyi Paul Hill is brummy_git on advfn.

[mister md] 11/6/2024 08:55

bigbigdave
8 Jun '24 - 10:10 - 720 of 722
Paul Hill and Richard Crow discussion, LIO gets a mention at 32.05



For a second I thought it was Frank Skinner hosting the call ...

[cornishman33] 11/6/2024 07:13

Nelly, another nuisance filtered.

[bigbigdave] 08/6/2024 10:10

Paul Hill and Richard Crow discussion, LIO gets a mention at 32.05

[mister md] 06/6/2024 08:24

So no FTSE 250 entry this time around - but normal (upwards) service has resumed ...

[pyglet] 05/6/2024 08:04

Being heavily advertised on Times Radio now

[big7ime] 04/6/2024 13:47

Lol DB probably want this for their clients then, seen it all before..
weren’t they saying buy at £24, unbelievable!