Liontrust Asset Management Share Discussion Threads

[castleford tiger] 12/7/2024 13:50

and the dividend remains at 72p a share?

[mister md] 11/7/2024 18:06

Speaking of which, Millenium reduced short position again yesterday:

% Short

Date Changed

Millennium International Management LP

0.45%

Wed July 10, 2024

[rcturner2] 11/7/2024 14:30

The main advantage of the change of government is we get some stability.

[hpcg] 11/7/2024 08:22

No one should be using a mutual fund to invest in the US. It is either individual stocks or an index tracker. Fund managers have to go to hard to reach areas, or where they need to demonstrate some actual skill to analyse a company. That means small caps, private companies and EMs / FMs. Small caps will never work for index or high frequency trading so the markets remain quite pure.

John09 r.e. 816 - yes, though the vast amount of cash in money market funds and deposit accounts suggests there is plenty of surplus that could be put to use. Limiting the amount that can be held in a cash ISA would be a help.

Though this is wild, England winning the Euros could boost markets here as people get some positivity and take the plunge into markets. The change of government is helpful for national mood too.

[riskvsreward] 11/7/2024 07:54

Polr moved with times and have funds investing in technologies and in Usa. That is where it differentiated from others like lti and Lio who seem to live in the glorious past and therefore lagged in performance. Hope the tide will turn soon.

[davethehorse] 11/7/2024 07:43

All the evidence suggests LIO is hugely undervalued in the 600s, with it being set for a very good period of recovery in AuM over the next 6 to 12 months plus as the investing environment improves, particularly in UK companies. Good to see plenty of others researching here and putting up opinions. Good luck if you holding or getting involved.

[mister md] 11/7/2024 06:05

POLR just reported 7% quarterly increase in AuM.

[john09] 10/7/2024 23:24

AUMa will keep dropping because people need cash and / or are switching to US big tech

[31337 c0d3r] 10/7/2024 22:20

When we get close to the next reshuffle, what share price do you guys think we need to reach to trigger speculative institutional buying and then an attempt at FTSE 250 membership becoming a self-fulfilling prophecy?

[philly cheesesteak] 10/7/2024 22:11

I did a fair bit of work on this today comparing quarterly AUM & market cap from Q1 2014 to present.

In the 33 quarters from Q1 14 to Q1 22 the average % of market cap to AUM was 2.77%.

At today's close it was 1.48%, having averaged 1.62% in the 9 quarters since Q1 22.

To align with it's long term averages, AUM would need to fall to £14.4b, from the current £27b, which even the most ardent bear would surely deem a stretch.

Should market conditions continue to normalise, including a full reopening of the UK IPO market & rotation of capital into UK small caps, then LIO could re-rate substantially.

Performance wise it's had 3 consecutive quarters of asset growth totalling 11.62%, if such cadence continues then investors would appear foolish to keep moving funds out.

Cumulatively, since Q1 14 it's returned 63.22% over 42 quarters, so just over 6% PA. Not bad at all considering the FTSE 250 opened 2014 at 16k, so had returned just 25% over the same period.

You also think that the pending mansion house reforms to force pension funds to invest more in UK small caps would bolster AUM growth over the next few years.

All in all, shares look attractive down here to me.

[davethehorse] 10/7/2024 16:59

Its also a high beta share so with UK markets rising with the change in government plus imminent interest rate cuts and lower yields expect a rapid re-rate here, all imo....

[davethehorse] 10/7/2024 16:53

This was over 800p only this May, having risen with the FSTE rebound, not saying it will hit 800p in 1 to 2 months, (that was 700p), I'm saying once 700p is crossed the "analysts" will upgrade to 800p plus and re-rate....

Nice UT at the close BTW today.....636p paid....

[tag57] 10/7/2024 16:22

Dave, why would this rerate to 800p+ over the next 1-2 months?
Liontrust is still bleeding AUM, albeit at a slower rate, and until that changes I don’t see any chance of a significant rerating so quickly.

[davethehorse] 10/7/2024 11:16

Decent upside over the next month or 2 and then another upward re rate to 800p plus

[cwa1] 10/7/2024 09:44

Barclays cuts Liontrust Asset Management target to 720 (760) pence - 'equal weight'

[davethehorse] 10/7/2024 09:24

Agreed....load up now and wait for better times....;-)

[mister md] 10/7/2024 09:22

Always happy to take on a bit of risk, especially if it's upside risk ;-)

[nchanning] 10/7/2024 09:19

If interest rates go from 5 to 3 , the UK market goes up 20% to a more normal valuation , and inflows return to UK equity funds as one of the top performing sectors . Where's this share price going to be ? Respect the upside risk

[davethehorse] 10/7/2024 07:49

If markets bounce as predicted over the next few months the re rate here will be swift....fingers crossed.....

[mister md] 10/7/2024 07:35

Hoping that marks the bottom. Purchased some more at 611p. Will round up my holding on dividend pay date (9 Aug) and sit it out for the long-term ;-)

[chester9] 10/7/2024 06:21

They flagged 2 more challenging quarters for AUM on their investor meet so not a surprise.