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Broken neckline from a 6 month head and shoulders pattern = Bullish
Apologies for board hopping but-
The petition is going quite well; ~4400 signatures so far. Although it really needs a turbo boost.
This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.
The FCA don't even reply on the matter, now is your chance to have your say.
If you hate seeing buys reported as sells etc!!!!!!
Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.
My local MP supported this petition by writing to the petitions committee to help un-stall it.
There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go!
If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go.
At 5000 I will send this to the PM & the chancellor as well as my MP again.
So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.
We really need a social / media savvy individual to help generate more interest in this.
As a novice I don't know what the rns means. Why did the share price drop. Anyone?
3Q IMS... very positive new business flow, a class act... GLA ...
See flashing news item where BofA Merrill Lynch have downgraded on a technicality. Not nice for me.
Hi ... don't visit this board that much, hence late response! Basically SDR is a very sound business with global client base and good balance between institutional clients and retail clients (they don't sell direct to retail, but distribute through financial intermediaries). If global markets rise, the asset base rises and hence fees rise... so EPS is geared to market levels... therefore the SP rises faster than the market... it is a "high beta" share. If you believe stock markets will rise over the long term, you should own this..... but be prepared for SDR to drop more than the market if there is a market correction...... cheers....
Total assets under management advanced 2% to a record £268 billion.
Schroders new inflows of £3.8 billion comprised of £1 billion in Institutional and £2.8 billion in Intermediary business.
The fund manager's Wealth Management business saw revenues surge 90% to £50.3 million and assets under management rise 1% to £30.2 billion.
The fund manager could be well positioned to benefit from the government's plans to shake up the pensions and savings industry.
The company completed two acquisitions in 2013. In April, it bought US fixed income manager STW Fixed Income Management, and in July it acquired wealth manager Cazenove Capital Holdings Ltd.
Headquartered in London with 27 offices worldwide, Schroders can trace its history back to 1804.
In cautious comments made by the Chief Executive, he said given uncertainties facing the market, retail investor demand "may reduce in the short term".
Schroders, like its peers is exposed to market risk arising from market movements which could cause a fall in investments and a decline in the value of assets under management.
The group's overseas operations are subject to foreign exchange rate risk.
At the heart of any asset manager is the investment team. As with any fund management business, there is a risk that if a "star" manager leaves, investors and assets under management may follow.
The company reported a pre-tax profit of £130.7 million, compared with £115 million a year earlier.
Revenue increased 11.1% at £358.8 million.
Total assets under management amounted to a record £268 billion, up from £262.9 billion on 31 December 2013.
New business inflows of £3.8 billion were reported, spread across multi-asset, equities and fixed income.
First quarter interim management statement: The asset manager registered a strong quarter, bolstered by net new business inflows of 3.8 billion pounds that helped lift assets under management to a record 268 billion pounds. Following the July 2013 acquisition of Cazenove Capital, Schroders Wealth Management segment saw revenues soar 90% to £50.3 million and assets under management rise 1% to £30.2 billion. Michael Dobson, Chief Executive, commented: "We had a strong quarter in Intermediary with high levels of net inflows in Europe and the UK although, with markets facing a number of uncertainties, retail investor demand may reduce in the short term". Schroders said there was a wide range of opportunities on the institutional side and it had a good pipeline of business, including a £12.2 billion mandate from insurer Friends Life. Based on the combined estimates of analysts that cover the company,
Ex divi date soon. Cripes never thought I'd find myself cheering on schroders lol
??????? - crazy day
Schroders: Morgan Stanley takes target price from 2250p to 2290p and reiterates an overweight rating.
Schroders: Morgan Stanley upgrades to overweight.
Schroder US Holdings, a subsidiary of FTSE 100 global asset company Schroders, announced Monday it would acquire 100 per cent of the share capital of STW Fixed Income Management.
STW, a US investment-grade fixed income manager, looks after about $11.9bn on behalf of more than 100 institutional clients, as at September 30th, 2012.
The transaction is due for completion in the first quarter of 2013.
Michael Dobson, Chief Executive of Schroders, said STW's long-term investment strategies and strong performance track record would be a valuable addition to the company.
"This acquisition increases our assets under management in US fixed income by 50% to $35bn, broadens our product and service platform in fixed income and extends our institutional client base in the US," he said in a statement.
William H. Williams, founder, Chief Executive Officer and Chief Information Officer of STW, said the deal was a perfect fit.
"We have been determined in our efforts to partner with a firm that values clients the same way as STW has for over three decades," he said.
"I believe that this transaction is the best decision for STW clients and employees. I look forward to the continued success of the combined business in the years ahead."
Schroders: Bank of America upgrades from neutral to buy.
The Chief Financial Officer (CFO) of asset manager Schroders, Kevin Parry, has announced that he plans to step down from the board from May 5th next year.
The group announced that it will appoint Richard Keers, who is currently a partner at PricewaterhouseCoopers (PwC), in the role at that time.
Keers was PwC's Global Relationship Partner for Schroders from 2006 to 2010, having joined in 1988, and has been a partner in their financial services practice since 1997.
Schroders intends for Keers to join the board and the Group Management Committee, giving him responsibility for Finance, Risk, Human Resources, Internal Audit and Corporate Communications.
Michael Dobson, Chief Executive, said: "I would like to thank Kevin for his significant contribution to Schroders over the last ten years, as a non-executive Director and Chairman of the Audit Committee and, since 2009, as Chief Financial Officer. I very much look forward to working with Richard. His previous experience positions him well for his new role as CFO."
Tempus in The Times writes that Schroders’ performance since the financial crisis started gives an idea what can be achieved if you stick to your knitting and abjure significant acquisitions, unlike other fund managers such as Aberdeen Asset Management.
Over the past 14 quarters Schroders has gained an inflow of £53bn in new business, with only one of those quarters showing a negative performance. In the three months to end-September, net inflows were £2.6bn. Of this, £1.9bn came from institutions and £800m from retail clients, while private banking had a £100m outflow. S
chroders shares, despite the strong rise this summer, sell on a typical sector multiple of about 11 times this year’s earnings, stripping out the spare cash. Further outperformance looks unlikely in the short term, but they remain one of the strongest holds in the sector.
Of the £2.6 billion in net inflows seen in for the three months to 30 September, institutional clients added £1.9 billion while retail clients added £800 million. For the first nine months of 2012, the asset manager reported net inflows of £5.3 billion, higher than the £5.1 billion reported during the same period of 2011.
The blue-chip asset manager continues to enjoy diversification in both product and client type, along with its geographical footprint. The group had previously noted that two thirds of group revenues arose from clients outside of the UK.
In May, Schroders announced that in conjunction with Axis, it wanted to build a significant asset management player in the Indian market, with the intention of being able to distribute Axis funds internationally.
At its half year results in August, the board declared an unchanged interim dividend of 13 pence per share.
Schroders has significant exposure to UK, European and Asian equity markets.
Increased competitive pressures could dampen margins.
The Financial Services Authority's impending Retail Distribution Review (RDR) continues to provide a degree of uncertainty.
At the heart of any asset manager is the investment team. As with any fund management business, there is a risk that if a "star" manager leaves, investors and assets under management may follow
For the first nine months of 2012, net inflows of £5.3 billion were recorded (2011- £5.1 billion). Assets under management were £202.8 billion as at 30 September 2012.
Total profit before tax for the three month period to 30 September was £88.6 million (Q3 2011 - £101.6 million).
Third quarter interim statement: Schroders attracts assets as profits slip. Schroders grew its assets under management by 4.2% to £202.8 billion in the period following strong demand from both institutional and retail clients. The group recorded a profit before tax of £266 million over the nine months to 30 September, but this compared with profits of £317.3 million for the same period a year earlier. The vast majority of the group's profits came from its asset management business, which recorded a profit before tax of £261 million for the first nine months of the year. In the statement, Schroders said it expected a slowdown in institutional inflows, but demand for its funds in the intermediary market had picked up. "It is not clear whether this more positive tone in intermediary will be sustained given the uncertain economic background, but long term we are well positioned with a broad product range, competitive investment performance and strong distribution," added management. On balance, market consensus opinion indicates a hold for the time being.
The Group's core activity is that of fund management services. The group manages over £180 billion for a variety of institutional and retail clients. In addition, the group provides private banking facilities to high net worth clients.
UBS has cut its recommendation for asset manager Schroders from 'neutral' to 'sell', saying that expectations are too high.
"We downgrade Schroders to 'sell' as we believe that expectations on flows and on capital returns have led the stock to re-rate vs peers while we remain cautious on both points," the broker said.
Schroders: JPMorgan Cazenove ups target from 1,650p to 1,684p, overweight rating kept.