jamesthetrain
03 Feb 2016
Re: Demotion from FTSE-100 but some investors select their investment based on whether they are FTSE 100 or not
Omaha man
03 Feb 2016
Re: Demotion from FTSE-100 'There is an increasing likelihood that ADN will drop out of the FTSE-100 at the next review'Doesn't really matter; nobody selects their asset manager on the basis of whether they are a FTSE100 company or not.
Bowman
03 Feb 2016
Demotion from FTSE-100 There is an increasing likelihood that ADN will drop out of the FTSE-100 at the next review at the beginning of March, unless we see a big rise in the sp. Not good!ADN (@ 246.5) was at position 115, as of last Friday, which is below the automatic exit point.
lambrini girl
28 Jan 2016
Re: Analysts mostly negative but some see va... I prefer STAN.L (457) which has been battered ...this could well hit 150 (next leg)
Spain Fund
27 Jan 2016
Analysts mostly negative but some see value [link] mostly negative on Aberdeen but some see valueOliver Haill | Sharecast | 27 Jan, 2016 11:45 - Updated: 13:30 | Comment | | | Shares in Aberdeen Asset Management were volatile after the emerging markets-focused fund manager continued to endure outflows in the last three months of 2015, but some analysts were seeing the positives.Total assets under management of £290.6m at 31 December were up 2.4% in the last three months thanks to acquisitions that completed in the quarter, as the 11th consecutive quarter of net outflows saw £9.1bn net exiting the company but counterbalanced by a combination of positive investment performance and positive forex movements.The outflows were less than those feared by the market, which together with the strong investment performance and unexpected AUM rise saw the shares initially leading the FTSE risers.This might have been helped by upgrades to 'buy' for Aberdeen and fellow EM-focused asset manager Ashmore from broker Numis in a note entitled 'Catching a falling knife - no pain no gain'."With the EM newsflow likely to remain weak for some time, we know this probably won't be the absolute bottom, however we also know that we won't be able to time that perfectly. We do still believe that EM assets will eventually recover and that with hindsight buying on the valuations available today will prove decent value," analyst David McCann said.Shore Capital warned the rapid decline in the revenue base could start to exert a more damaging impact on profitability as operational gearing works in reverse and requires more cost savings."Therefore our initial inclination is to stick with the 'sell' stance, but remain mindful of the fact that if Aberdeen can somehow arrest the gross outflows, then there should be more limited downside below 200p."Likewise, noting the stock's high sensitivity to EM and Asia sentiment, Peel Hunt said it remained positive on the potential for an improvement in sentiment.The update was not as bad as expected, RBC Capital Markets agreed, though it reflected that the market rout so far in 2016 should temper any enthusiasm for an inflection in the company’s flows."In our opinion, Aberdeen remains a company in a stressed position, with net flows negative and investment performance behind key benchmarks. We believe that any enthusiasm that greets today’s statement should be short-lived."This was correct, as shares moved into the negative around noon, as a later update from Credit Suisse saw the broker keep its 'neutral' rating but lower its EPS estimates by 15%, 20% and 20% for the current and next two years.Chiefly, that was due to the effect that weaker than expected market levels were likely to have on flows, the Swiss broker said, with its net fund outflows estimate for 2016 hiked to £26.0bn from £15.9bn.
Hardboy
27 Jan 2016
Quarterly Update Given all the negativity in markets, specially about Aberdeen's position. this is fairly encouraging - Assets under management have increased and part of this is due to market performance. A couple of quote, which should give shareholders encouragement: -"Our increasingly diversified business model and strong balance sheet mean we are well placed to navigate the current difficult market conditions offering a wide range of investment capabilities for investors.""We remain positive on longer term investment opportunities across asset classes and geographies and we will continue to pursue our primary objective of delivering the long term outcomes that our clients and shareholders expect."
lambrini girl
26 Jan 2016
Re: top up weve seen 214..dont be so picie...
II Editor
26 Jan 2016
NEW ARTICLE: Shell and BG merger looks a done deal "Before the end of this week we will know whether shareholders approve of LSE:RDSB:Royal Dutch Shell's £34.4 billion acquisition of British buddy LSE:BG.:BG Group, the largest industry merger of recent times. There are strong arguments both for ..."[link]
picstloup
24 Jan 2016
Re: top up Not sure that £2.30 is anywhere nearly close enough for a "bang on" of £2.But I will probably wait a little longer before dipping my toe in here.
lambrini girl
23 Jan 2016
Re: top up ..remember expecting £2 next year ..<<<<BANG ON!!
Greyinvestor
15 Jan 2016
Me too I have also made a modest first purchase today.I note that the analyst forecasts are now down to the level that I suggested a few weeks ago, when I suggested that they might be behind the curve.My guesstimate was 22p, and theirs is now similar. Unfortunately I now believe that the result could be lower still, possibly under 20p, and stay that way for a while. But even at 20p, £2.25 would be a fair price.This is a cyclical stock, and the cycle is turning firmly downward, but in my view emerging markets and especially S E Asia are now good value. I've bought a ton of AAIF, managed by ADN.
Omaha man
15 Jan 2016
Toe dipped Quite possibly too soon but i have made a small first investment this morning at 225. Even allowing for the dividend it has already well overshot my original 250 target. I now have my 4% yield on a halved dividend, 10x historic PE, probably ~15 prospective.I wouldn't be surprised to see it continue to slip if confidence in Far Eastern markets remains low and I will look to add further on 10% or so drops if they happen.Having worked for asset management companies, one in particular which was bought and sold 4 times during a decade, I know there is always a market for them. If things get too bad someone will step in and buy to get the economies of scale which a merger always brings in this area. Even assuming another 10% fall in assets under management the valuation is only 1.3x AUM, which is cheap.
Hardboy
08 Jan 2016
Re: Valuation review ADN are getting hammered because of their exposure to Far Eastern markets. Interestingly what first attracted me to them was their takeover of Scottish Widows, which indicated a desire to reduce that exposure and have more UK based business. I guess the way markets have gone SWIP was too little too late.
II Editor
08 Jan 2016
NEW ARTICLE: Insider: Betting on Far East recovery "Aberdeen Asset Management keeps getting cheaperFew investors, if any, predicted quite how bad the first week of 2016 would be for global stockmarkets. A weak Chinese economy, devaluation of the renminbi/yuan, threat of a Far East currency war, ..."[link]
Omaha man
08 Jan 2016
Re: Addenda I haven't seen that definition before, but would agree with the content. However I would disagree that holding shares in any way compromises any of the NED functions. For it to affect the policing function would imply a thought process along the lines of:- something is wrong to which I should object- but that would push the share price down- I own shares so dont want to see this happen- so I will keep quietI think this rather unlikely, and it would be a short term viewpoint. In any case if it were true then the last step would probably be - I will sell my shares before the problem comes to light.
