Liontrust Asset Management Share Discussion Threads

[masurenguy] 10/7/2024 06:09

Trading Update

Liontrust Asset Management today issues its trading update for the three months ended 30 June 2024.

· Net outflows of £0.9 billion in the Period (2023: £1.6 billion).

· Assets under management and advice ("AuMA") were £27.0 billion as at 30 June 2024, a decrease over the Period of 2.8%.

John Ions, CEO, said: "Labour's large majority in last week's Election should herald a period of stability positive for financial markets. It is encouraging that the new government has a pro-growth agenda and is committed to the simplification of pensions. Along with falling inflation and the expectation of a reduction in interest rates, this should encourage international investors to return to the UK and boost capital flows to the stock market. Given the ever-increasing need for individuals to save more for their retirement as well, this will significantly improve the outlook for asset managers. Liontrust is well placed for this improving environment as we have a strong brand, distribution, robust investment processes and a leading reputation for managing UK equities. Liontrust will also benefit from the progress we have been making in positioning the Group for the future, including further expanding our investment and distribution capability, increasing client engagement and enhancing operations."

[rcturner2] 08/7/2024 08:26

the div/ex div is irrelevant to the shorter, they have to pay the dividend so they neither gain nor lose for the drop when it went ex div.

[davethehorse] 08/7/2024 08:21

Will buy more if MMs take it down a bit more

[mister md] 08/7/2024 07:28

Good find, davethehorse. Let's see an exponential move back up ;-)

[31337 c0d3r] 06/7/2024 12:47

Magic, many companies have lost their trust in China and are switching operations to Vietnam, which is experiencing phenomenal growth. Take a look at the three Vietnam funds listed on the LSE: VEIL, VOF and VNH. Vietnam is on course to join the Emerging Markets index in the next few years, which will then see global pension funds piling in.

[magicmayhem] 06/7/2024 07:00

Can I ask what else you are looking at?

[mister md] 05/7/2024 12:56

I'll give you an up-tick if that makes you feel better ! Agree 1200p eventually. Just have to let the shorters do their thing in the meantime I suppose. Hoping for continued massive dividends along the way ...
Down-ticker seems to be active on ABDN too.

[davethehorse] 05/7/2024 12:51

Hi Mr down ticker cheer up mate

[davethehorse] 05/7/2024 12:37

Longer term it's not unreasonable to have a price target in mind of 1200p....within 2 years....Great investment opportunity here...

[davethehorse] 05/7/2024 10:00

700p by end of the month imo...

[davethehorse] 05/7/2024 09:20

Deutsche Bank clients hastily buying back shares today?

[davethehorse] 05/7/2024 08:03

Millennium will know that most holders are likely to re invest that juicy divi on the 9th Aug and will need to close that short position before then or face an uncomfortable squeeze....

[davethehorse] 05/7/2024 08:00

I have the same thoughts ;-)

[mister md] 05/7/2024 07:44

If you're investing in it then this could be a major opportunity. If you're just trading it then perhaps wait. But you could end up waiting for a re-entry point and before you know it shareprice is 700p+ again.

I wouldn't mind it staying at current level for a while as I'll probably re-invest that big dividend landing on 9th August !

[davethehorse] 05/7/2024 07:39

Way over sold recently

[davethehorse] 05/7/2024 07:38

I don't see it....it's going up from here imo....

[rcturner2] 05/7/2024 07:36

The chart is terrible though and could easily go below 600p.

[davethehorse] 05/7/2024 07:34

Plus an expected short squeeze on Millennium lol...:-)

[davethehorse] 05/7/2024 07:17

Looks like a nice bounce on the cards today ;-)

[saucepan] 04/7/2024 18:46

It can be, agreed; on the other hand, don't catch a falling knife and all that. I personally think there are safer bets out there, until the chart settles, for anyone who is on the sidelines.

[growthpotential] 04/7/2024 16:19

Surely that's the best time to invest

[saucepan] 04/7/2024 15:24

I have been reviewing whether or not to get back into LIO at these levels. A Google search, using the "news" tab brings up a lot of very negative sentiment on the stock. I see Investors' Chronicle was pretty dismissive in its Final Results commentary, too.

I suppose these could be contrarian signals but, on balance, I have concluded that I feel happier continuing to watch from the sidelines for now. I am certainly not convinced of the "huge bargain" case with so much bearish analysis to contend with!

Technically, it will also be much safer to see where the stock finds support, forms a basing pattern, and starts building again.

[davethehorse] 04/7/2024 12:35

Huge bargain today for anyone not already in or topping up