Record Share Discussion Threads

[142minty] 15/11/2013 11:25

part of the rationale of reducing fee levels on dynamic hedging mandates is so that they can tap big US contracts bhecause they will become more competitive. I am expecting them to pick up some decent new mandates before fiscal year end.As stated the decreaese in fee effect is practically offset by the new PH contract anyway. This company is trading too low against all its peers.My calcs should put it in the 37 -40 p range and that without any new contracts.Onwards and upwards. the drop last week now looks totally overdone based on these results

[wjccghcc] 15/11/2013 08:37

Or possible increased next year as new mandates kick in. After all, 45% of the mkt cap is net cash.

[ayiman] 15/11/2013 08:19

About time! very nice dividend yield too with every prospect that it will be maintained.
ayi

[germalene] 15/11/2013 08:09

Some encouraging results out today :-))

[orchestralis] 11/7/2013 09:19

IC covered it in 5 July edition

[142minty] 10/7/2013 15:44

whats been going on here?lovely buying upwards movement and sustained volumes last few days. has there been some favourable coverage or somethimng?

[topvest] 19/6/2013 18:43

Yes, agreed - the important point is that they are starting to win mandates. Asset Management mandates are often like buses - nothing at all or lots come at once!

[ayiman] 19/6/2013 17:21

topvest,
just letting you now you are not alone! Lets see what happens tomorrow when it goes xd but I think tho has some way to go yet.
Ayi

[topvest] 11/6/2013 20:52

Very encouraging results today and pleased with my recent purchases. At long last the bottom appears to have been reached and trading is starting to look encouraging with increasing AUM. Some more contract mandates and this could start to return some very good profits indeed over the next 2/3 years.

[topvest] 11/6/2013 20:52

Very encouraging results today and pleased with my recent purchases. At long last the bottom appears to have been reached and trading is starting to look encouraging with increasing AUM. Some more contract mandates and this could start to return some very good profits indeed over the next 2/3 years.

[topvest] 04/6/2013 09:47

I've decided to double up here at 33p - I do think that they have a valuable business franchise here and in a post-QE world (probably 2-3 years off) the "Currency for Return" project may well bounce back. Indeed I suspect business will pick up in anticipation of changed conditions as investors seek to get ahead of the curve. Anyway I think the 1.5p dividend is safe, which gives a 5% yield whilst we wait!

[qvg] 04/6/2013 07:00

topvest, is that 2m pa on revenue or profit? even if it is revenue, it is a useful 10% increase on last year. so it should boost profit by say 20%?

[topvest] 03/6/2013 19:35

Looking at the impact it's probably only circa £2m per annum as passive hedging fee rates are only circa 3bp per annum. Increases their passive hedging AUM by circa 40-50% though! Still, at least it's positive!

[topvest] 03/6/2013 17:00

Fantastic RNS today. At last, it looks like a sizeable new mandate. This could be the start of much better times for this quality operator!

[unionhall] 03/6/2013 15:55

Well,

Is that a positive update ?

[142minty] 23/4/2013 14:57

Interesting to see the heavy buying from Caz after last Update.....The new $1.7 bln UK mandate will help as well but they keep rattling onabout a swiss PH mandate whioch make sme think it will be a big one. lets hope they get it in before Results.

[topvest] 18/1/2013 08:50

Decided to buy a few here as recent trading updates have been broadly positive. Dividend of 1.5p should be on for this year. Future year performance obviously will be impacted by fund inflows, but these are now turning positive. Disappointed I didn't catch this much lower, but still scope for recovery and growth over the medium term.

[ayiman] 18/12/2012 16:21

That'll be the director who is leaving the company, maybe his replacement will buy now!
ayi

[topvest] 17/12/2012 18:10

Large director sale today hardly inspires confidence.

[ayiman] 12/12/2012 12:17

Staying above 30 so can't be bad
ayi

[shammytime] 15/11/2012 09:44

Expecting this to shoot through 30 on the back of tomorrows statement

[ayiman] 13/11/2012 11:25

next trading statement due on friday the 16th, we may see some movement in anticipation and on the results.
Ayi

[142minty] 30/10/2012 11:35

its beautiful to watch.not many stocks out there seeing this kind of recovery

[ayiman] 30/10/2012 11:26

A nice upgrading in progress, looks promising for next trading statement

ayi