Liontrust Asset Management Share Discussion Threads

[luckymouse] 23/12/2013 20:36

Lots of broker buys and target upgrades after swinging convincingly into profit
Numis 335p
Panmure 336p

[rp] 07/11/2013 13:03

BTW it's nice to see someone else with an interest in LIO - seems to be a largely unrecognized little gem from here.

[rp] 07/11/2013 13:02

Doh - apologies , I'll try to get my brain in gear next time.

[strollingmolby] 07/11/2013 12:24

rp - it's the other way around. Liontrust needed to make the Initial Disclosure of its funds' Delcam holding as it holds >1% and Delcam announced this morning it is subject to a takeover.

[rp] 07/11/2013 12:17

Interesting - why would Delcam plc, apparently a CADCAM company, take a sizeable holding in Lion Trust - c. 143k shares worth c. £350k ???

[rp] 15/10/2013 07:00

Good news which will hopefully go some way towards alleviating the small share price drop in recent weeks

[strollingmolby] 04/7/2013 09:24

Interim Management Statement

Liontrust Asset Management Plc ("Liontrust" or the "Group"), the specialist independent fund management group, is today issuing its Interim Management Statement for the period from 1 April to 30 June 2013 (the "Interim Period").

Highlights

· Net inflows of £302 million in the Interim Period, over three times the equivalent period last year


· Assets under Management ("AuM") as at close of business on 28 June 2013 were £3.3 billion

· 8 out of 9 of our actively managed UK retail funds have out-performed the average fund in their respective sectors since launch or fund manager inception

· Liontrust has won another four awards in the Interim Period, including Liontrust Asia Income Fund being named Best Newcomer at the What Investment Awards

[the weatherman] 17/9/2012 12:48

Will Henderson buy them out?

[the weatherman] 14/9/2012 13:16

These are due a re-rating.
Up that is.

[dannys] 23/5/2011 08:04

been watching this for a while, would agree that takeover could come sometime in the future but when who knows?

[andrewbaker] 18/11/2010 12:00

Not only is this in play for a takeover, but it's getting good reviews for its funds and assets under management are on the up.

[andrewbaker] 18/10/2010 14:27

Liontrust will be bought: sooner rather than later. Any price fall at this time could be due to efforts to drop the price back prior to a bid. I'm long Liontrust and very happy to be so too.

[lgpixels] 30/9/2010 09:07

Any thoughts of MAM Funds Plc (MMF) with the results out today? Liontrust Asset Management is valued at EV/FUM 2.1% compared to MAM Funds at 1.5%. Arbuthnot have issued a strong buy recommendation with a price target of 40p compared to the current price of 20p.

[onehandeconomist] 18/6/2010 12:56

We could bet on the management at 80p that they get it right but bringing new fund managers will either be expensive if they're "names" or will take time to prove themselves. Neither of which excite me. However, if they can stabilise their asset base (and at the end of the day there are always sleepy joes who hang around in a fund whatever the performance). So that leaves the question of a takeover. What would they pay. Back of my crinkly envelope says something like:

£1bn assets on which they take a post rebate 50bps - say £5mpa. Say the buyer can run these assets on an incremental basis for costs of £2.5mpa. Leaves £2.5mpa gross profit. Assume P/e 10 gives £25m. Current share cap £27m inc £20m of cash. So buyer could pay £25m or £18m over the current share price - or 66% premium. But assume assets drop to £750m and P/e only 5 and the maths goes to only about a 10% premium. And a billion isn't a lot for the overhead of running a deal.

More than happy for someone to imporve my envelope calcs and DYOR of course but looks to me like this isn't quite cheap enough despite the horrible history.

Thoughts anyone?

[pugugly] 16/6/2010 08:57

Market does not lke the results. anyone any comments on the new managment or it just changing the driver of a car that has failed its MOT rather than a full repair ?

anyone any knowledge of the new managment?

[scruffydave] 25/3/2010 19:07

Huge drectors buys here - surprised no one else is buying into this low.

[xlairways] 16/6/2009 10:08

LONDON -(Dow Jones)- Liontrust Asset Management PLC (LIO.LN), said Tuesday that Schroders PLC (SDR.LN) is now interested in 7,948,772 of the company's voting rights (23.61%).

[value viper] 14/1/2009 09:24

they don't leave for a year ? looking for a bounce in the share price myself. what are the odds on a hostile bid emerging now ? no ramp intended

[baht] 14/1/2009 09:19

Kimboy I think the share has been oversold but you dismiss the importance of Lang to the Liontrust success at your peril. The Income fund has an excellent track record. The long term investor who has been in the 1st income fund since inception has seen their dividend income rise every year. Something that cannot be said of about 75% of income funds with a track record of more than 7-12 years.

Indeed the investment process used by Liontrust for the Income fund is named after Lang.

Current Divi yield is about 7% I believe which is something most cannot say about their savings accounts. Income funds are seen by many as a reasonable medium to long term buy at present, but how many people will want to support a fund that looks as though it may be just about to go into decline?

Hargreves Lansdown have already removed 2 Liontrust funds from their top 150 Wealth Funds list and a number of other advisers, IFA's etc will already be instructing clients to move funds or at least closely monitor the situation. A big exodus of Funds under Management will not help the share price cause in any climate let alone during the problems we are all facing at present.

Reason for leaving has been put down to differences of opinion as to the direction the Co should go in the future. Liontrust has been a predominately UK Equity Investment House but there have been moves to expand into International Funds, and they have been in merger or takeover talks. Either or both of these could be a factor. Whatever the reason I assume it must have been an important difference of opinion as these two are founder members of the Co (I think) as well as Directors.

[kimboy2] 13/1/2009 23:05

These two handled 90% of the funds. They are, I believe, well regarded but their performance hasn't been stellar recently.

I suspect that there are plenty about able to do there job. The waters will soon close over them.

It would be interesting to find out why they are leaving. i presume it is something to do with the failed takeover.

[scruffydave] 13/1/2009 22:54

Kimboy,

I think that it all depends on the city's view of whether decent replacements can be found for the two super stars leaving. Their decisions are the assets of the fund if you see what I mean.

I just dipped in for 1K today, on the theory that they had been oversold. mind you I did that with woolworths as well!

[kimboy2] 13/1/2009 22:51

I have been watching some of these fund managers and got some Lio today as I thought it had gone too far.

I think this sort of company is heavily geared for an upturn, if or when it comes.

The figures from LIO were better than I thought they might have been and hopefully they will get better from here on in.

I have also been watching CCAP and thought their numbers looked a lot worse but the share price didn't move.

[sharpshare] 13/1/2009 16:14

Share price around NAV + £3billion+ fund management business for free?