Liontrust Asset Management Share Discussion Threads

[lemonjar] 27/12/2017 04:49

Cool, thanks for the insight gsbmba99, much appreciated!

[gsbmba99] 26/12/2017 06:28

PAM is also retail focused and, for comparison, were up 0.82% in Nov and 4% since 30 Sep. So LIO a shade ahead. I don't think it necessarily represents a slowdown. Probably just reflects the fact Oct was a much better month than Nov in terms of market performance. We'll find out progress to Dec in early Jan and the new fixed income manager and strategist start in Jan so maybe a little bit of a tailwind in AuM from that in Feb/Mar.

[lemonjar] 24/12/2017 11:16

Is your sense that its slowed down a bit? Sp has dipped a little, maybe to be expected after a strong rise earlier in the year, by but maybe also reflecting a slow down in fund growth?

[gsbmba99] 23/12/2017 10:56

I've been tracking the sum of the fund factsheets as a proxy for AuM. As at 30 Sep, the sum of fund factsheets was 82.6% of total AuM. I make 30 Nov sum of fund factsheets at £8,374.4m as compared to £8,273.9m as at 31 Oct which is +£100.5m or +1.2%. Numbers slightly off as GF Macro Equity Income is missing from Oct numbers since I don't think they published an updated factsheet. Real gain in AuM probably about £75m (when factoring in exclusion of GF Macro Equity Income from prior month). Since 30 Sep, +£410.9m or 5.2%. Only 10/28 funds gained AuM in November, led by Special Situations at +£92.3m. Special Situations is about 40% of the sum of fund factsheets. AuM quite skewed toward Anthony Cross and team (who run other funds in addition to Special Situations). The sum of fund factsheets doesn't distinguish between market performance and net new money.

[gsbmba99] 23/11/2017 11:50

Full year revenue of £71.5m looks readily achievable given 1H and trajectory of AuM. Also, new Fixed Income team joining early 18 (guessing mid Feb). Judging by the Kames bond funds that appointed a new manager on 10 Aug (day before LIO annc), Roberts and Milburn were at least a co-manager of Kames Strategic Global Bond ($638 AuM according to Trustnet), Kames Strategic Bond (£320m), Kames High Yield Bond (£908m) and Kames Sterling Corporate Bond (£604m). Let's hope they have a loyal following once they start.

[petewy] 23/11/2017 09:51

Results:
Adjusted profit before tax of £12.0 million (2016: £6.8 million), an increase of 76%
Profit before tax of £3.6 million (2016: £2.2 million), an increase of 61%. This includes costs of £8.4 million (2016: £4.6 million)
evenues of £35 million (2016: £22 million), an increase of 57%.

[petewy] 02/11/2017 17:46

Liontrust had its price target raised by analysts at Numis Securities Ltd from £5.65 to £5.80 with an "add" rating.

[rp] 11/10/2017 08:59

Another impressive set of figures. I've been investing on and off for about 3 years now and this share has never let me down.

[petewy] 07/9/2017 19:20

Liontrust had its price target raised by analysts at
Numis Securities Ltd from £5.20 to £5.60

[tightfist] 21/8/2017 14:56

Thrapston a difficult call when a share is making all-time highs... There is a channel bottom, but no guarantee it's going to go back there.... IMHO I would be a buyer IF it reverses today's rise....

[petewy] 21/8/2017 13:27

Low volume of shares on the market can cause a wide sprea. 19 million shares at least available.
Can anyone see a price when the rise will ease off?

[rp] 17/8/2017 09:11

One consistently annoying aspect of these share is the wide spread. Fortunately whenever I've invested it's been at the start of one its surges and whenever I've sold its been at the start of one of its dawdling along phases so it has been good to me. I wonder if relatively low profile and low volumes cause the spread to be so wide.

[petewy] 17/8/2017 08:49

20p spread quoted but no-one seems to sell this stock 6p yes.

[rp] 09/8/2017 10:23

petewy - many thanks , messaged you back

[petewy] 09/8/2017 09:43

Sent to you by message.

[rp] 08/8/2017 12:04

Petewy - missed that IC review, any chance of you posting the gist of it please?

[petewy] 08/8/2017 09:44

The IC review made me buy in. Paid off already.

[rp] 08/8/2017 09:28

I'm also back in. Hopefully due another take-off.

[petewy] 07/8/2017 08:17

I'm in. (moved a low interest ISA)

[rp] 08/1/2017 15:24

Agreed, so much for "experts".

[crazycoops] 08/1/2017 15:16

They have gone up quite a bit in the 6 months since that avoid rec. Note to self, ignore tips and continue to DYOR.

[rp] 06/7/2016 19:57

Rather negative piece in The Times 5 July - their recommendation was AVOID

[thomasthetank1] 07/4/2016 11:01

Read Panmure’s note on Lion Trust (LIO), out this morning, by visiting www.research-tree.com …
“In a difficult market Liontrust funds are proving reliable performers. The issue is the concentration risk with 53% of AUM managed by 4 people. Today’s acquisition goes some way towards addressing this. The shares are cheap and we expect Liontrust to be a strong performer over the next 12 months in a sector where there is a lot of change…”