River And Mercantile Share Discussion Threads

[lord gnome] 11/3/2019 08:10

Nothing to get excited about then, but nothing to be too concerned about either. Can't see these doing much under current circumstances. Hold at best.

[topvest] 07/3/2019 20:50

Yes, looking positive. I think the market had forgotten that this asset manager has more defensive position than most. Anyway, this is a core holding for me. Purchased 3 times so far.

[lord gnome] 07/3/2019 20:44

Moving up nicely ahead of Monday's interims. Going against the trend today. No reason why the figures shouldn't be encouraging and keep this welcome change of direction on track.

[rogerbridge] 05/3/2019 16:39

Nice company.

[chimers] 05/3/2019 16:13

Falling Knife.

[speedsgh] 05/3/2019 15:19

Interim Results scheduled for next Monday. From the TU on 24/1/19:

"The Group will release its interim results for the six month period to 31 December 2018, on 11 March 2019."

[its the oxman] 05/3/2019 14:40

Added, market levels have picked up, very oversold.

[shiv1986] 26/2/2019 09:34

See the latest ADVFN twitter poll about Funds:

[topvest] 25/2/2019 09:44

Not in my view, but I've added to my holding. This is a well run and growing asset management group. It is also a little more contra-cyclical than others, which is nice at this point in the cycle.

[its the oxman] 24/2/2019 22:23

Is the fall from c.380p just over a year ago justified? Can't argue with the market seems overdone to me.

[bishan bedi] 07/2/2019 13:24

Looks to me like Rodders was rather hard done by

[essentialinvestor] 30/1/2019 19:25

Looked at this recently, what's the compelling investment case?.
Don't see it ...

If anyone can make a buy case would be interested to hear.

In the context of industry fee compression and passives continuing to take market share...

[essentialinvestor] 30/1/2019 19:24

I've looked at this recently, what's the compelling investment case?.
Don't see it ...

If anyone can make a buy case would be interested to hear.

In the context of industry fee compression band passives taking market share...

[rogerbridge] 30/1/2019 15:11

Nice and quiet here. Bought a few the other day for the ISA

[its the oxman] 28/1/2019 22:15

Well oversold now buy buy buy.

[topvest] 11/1/2019 21:18

Yes, good news. Their business is more counter-cyclical I believe then most fund managers, but it will be interesting to see what is said at the next trading update.

[speedsgh] 08/1/2019 10:14

A couple of recent director buys...

Director/PDMR Shareholding -

7/1/19 James Barham (Deputy Group CEO) bought 41,000 @ 235p = £96,350

Director/PDMR Shareholding -

27/12/18 Anne Dawson (PCA to Jonathan Dawson, Chairman) bought 10,000 @ 228p = £22,800

[topvest] 04/1/2019 15:55

I've added a few more. 3rd purchase. This investment manager is better positioned than most for a bear market. A good quality business in my view.

[lord gnome] 12/12/2018 13:26

A few bots taking down the share price on negligible volume. Disappointing. Yet another buying opportunity. There's plenty of those in this market.

[speedsgh] 31/10/2018 09:11

Fee earning AUM/NUM as at 30/9/17: £31.0bn
Fee earning AUM/NUM as at 30/9/18: £35.0bn

Gross sales for 3 months to 30/9/17: £0.9bn
Gross sales for 3 months to 30/9/18: £1.2bn

Investment performance for 3 months to 30/9/17: £253m
Investment performance for 3 months to 30/9/18: £12m

Estimated performance fees for 3 months to 30/9/17: £2.5m
Estimated performance fees for 3 months to 30/9/18: £3.3m

[speedsgh] 31/10/2018 09:04

Agreed, LG. Quality business. Interested on their commentary on the general outlook for markets which will doubtless impact them too but they are confident that they will outperform relative to most due to their diverse structure/solutions.

Trading Statement -

"While we saw some positive equity returns during the quarter, more notable is the significant losses seen in equity markets since the quarter end. We have been advising clients to prepare for a downturn, and it would appear this is at least to some degree upon us. This ability to guide clients on what conditions to expect is central to our strategy as a firm.

The current weakness in markets will clearly impact absolute returns from our Equities division, however the Group is highly diversified and therefore the effect on our overall numbers will likely be more muted than it is for others. We are also well positioned to support our clients during these market conditions, given our ability to offer strategies that seek to manage these risks and even profit from them..."

[lord gnome] 31/10/2018 07:59

Solid update. Company seems to be doing well. All we need now is for the markets to perform.

[lord gnome] 24/9/2018 09:40

About what I expected, Oxman. Can't get too excited about them. Divi down on last year, but still ok.