If same happens to this as happened to HL it will be cut in half ( it has been ) and then cut in half again. Secular change, nobody bothers with these managed funds anymore, they are 90 pc crxp, high fees utterly dismal performance, Schroders SJP invesco and HL funds the pits, should see these around 180p after the next vicious market sell off as bond yields continue to blow out. Another Lindsell Train
“ winner “ to go with Diageo HL and Burberry😂29313; You would think he had learned after Woodford to steer clear of anything listed in basket case U.K., U.K. pension funds don’t buy U.K. shares ( nor should they…junk ) and since 2016 accelerating international outflows from U.K. ( I wonder why, brexit the gift that keeps on giving ) U.K. market will be back to 5400 within 18 months and probably an IMF bailout for the country. |
Something wrong here should be much higher |
Uk market just turn its head up after oct- Nov sell-off. Need to see if trend continues till year end. |
FT is pushing the idea of UK consolidation for SDR under a title of eat or be eaten.
I agree with the basic premise that UK active asset managers are too small and too many but there are not many deals done to reduce the number.
The problem for SDR is that if they want to be an operator in the exclusive high end, the pool of partners is small and the high end opportunities are international rather than UK.
They are more likely to be eaten by a large bank to sell to their international clients than they are to consolidate a UK wealth/asset manager.
I don’t currently hold a position in SDR, but I follow the sector closely and own a number of other UK Financial Services companies mostly for their yield.
I am interested in your views. |
Schroders PLC - London-based asset and wealth manager - Starts share buyback worth up to GBP20 million on Wednesday. The buyback will be run by Barclays Bank PLC and be completed by the end of December. The repurchased shares will be held in treasury to meet awards under Schroders's employee share schemes, or otherwise will be cancelled to reduce capital.
Morgan Stanley cuts Schroders to 'equal-weight' - price target 358 pence |
Limit order of 295p may materialise |
Someone’s going to have a pop at this if it drops much further. |
Bhgt again. |
Es bght some. |
As I said, down😂 Same price as they were 13 years ago, what a pos of a share. |
Down…and then down further…itR17;s a U.K. listed share, what do you expect. Terminal. |
Where is this going? |
Perhaps the creator of this thread might be tempted to rename it! Given the absolutely lousy performance!!! |
Pe is high. Done one trade on dip with Pru which has got low pe and under valued IMHO.This one has got high divi and Pe as well. Not traded yet but waiting for market sell of today |
ACT, how are you seeing the TA picture here? Thanks. |
Sorry it is 327p. |
New low of the year? |
Well Salty it appears even more undervalued now!
Have bought a few after the results, feel now is a good entry point. |
Very quiet here. Nice move upwards this morning. Surely this is now in the desperately undervalued territory?
Salty |
 Schroders upgraded to 'buy' as analyst says market is being too pessimistic
21 May 2024
Schroders PLC (LSE:SDR) was one of the top risers on the FTSE 100 on Tuesday, helped by a UBS upgrade after the shares have underperformed so far this year.
The stock has fallen 9% in the year to date, the Swiss bank noted, underperforming the STOXX 600 by 16% and the listed EU asset managers by 11%.
"While we don’t envision any immediate catalysts for the shares, we think the risk-reward at these valuation levels is compelling," says analyst Michael Werner, pointing to a P/E ratio that has compressed to 10.5 times from 12.6, which he said
He also hailed improved fund flows over the past three-to-four months.
"Despite this, SDR's shares have considerably underperformed, resulting in a positively skewed risk-reward profile."
At current valuations, which Werner said are close to historical troughs, the market is essentially pricing in roughly 10% annual fund outflows as a percentage of assets under management, despite the more positive trend recently.
Moreover, the performance records for the company's funds on three- and five-year basis "has been the best in our coverage", the analyst added, "which based on the historical correlation between fund performance and future flows, gives us confidence in the firm's flow outlook".
UBS's rating was listed to 'buy' from 'neutral', with a 12-month share price target unchanged at 430p. |
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