Liontrust Asset Management Share Discussion Threads

[growthpotential] 30/6/2024 21:58

Appreciate the view but I think there's way more upside to this

[clarea] 28/6/2024 15:24

As I see it positives it has net cash, loads of take overs in this sector, and nigh on 10% yield.

Negatives dividend is uncovered so chance it will be cut, they have the worst fund outflows of all the major asset houses, management have made bad/expensive decisions, most of the top ten share holders have been reducing their holding in the last year.

I do hold sold half today at open and will get rid of the rest if current downtrend persists through next week, each to their own but if you just want to hold one fund manager Polar Capital is a better risk reward candidate.

[thebears1] 28/6/2024 14:53

Assuming no changes to the dividend I hold but would be concerned if in future they decide to lower the dividend because then you'll find people dumping the stock

[sbb1x] 28/6/2024 14:41

Some not happy with the update and dumping or a parasite shorter ?

[mister md] 28/6/2024 13:56

I just keep adding, less than10 years in dividends will pay me back in full ;-)

LIO, POLR, PHNX in my Top 5

[pyglet] 28/6/2024 12:02

For which stock

[blackhorse23] 28/6/2024 10:44

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[sbb1x] 28/6/2024 09:15

Panmur says buy upto 1050

[masurenguy] 27/6/2024 22:46

I also prefer Polar too - it's my third largest holding - but Liontrust is potentially a recovery play and its good yield is a holding bonus while we wait for the fund, and its shareprice, to regain momentum.

[eigthwonder] 27/6/2024 17:34

i think i prefer POLR - built organically rather than by acquisition, a bit less faddish (LIO rode the ESG wave big time) and overall tone of RNS felt better.

[sbb1x] 27/6/2024 15:29

Rns. Director buy

[masurenguy] 27/6/2024 14:19

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 13:09

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

[mister md] 27/6/2024 12:40

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 11:37

I think this is heading back into the 600s.

[mister md] 27/6/2024 07:49

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

[sbb1x] 26/6/2024 19:58

3 years running with a 72p dividend

[allstar_07] 26/6/2024 19:23

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 10:46

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

[kevph] 26/6/2024 07:37

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 07:35

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 07:32

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 07:20

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 07:18

Well glad I sold at 850p.

[smithie6] 26/6/2024 07:10

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."