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Aberdeen Asset Management will release a trading update for the two months to 28 February, following regulatory approval for its acquisition of Scottish Widows Investment Partnership. Analysts' expectations: 'For the two months, we expect assets under management of £188 billion, down 3 per cent from its first quarter. Of this we expect -£2.3 billion in market movements and -£2.6 billion in net outflows,' predicts UBS analyst Arnaud Giblat. 'We expect a positive message to be reiterated on SWIP, and at 9.9 times 2014 enterprise value/net operating profit after tax, valuation looks cheap given Aberdeen should be well-positioned if appetite returns for emerging market equities,' he adds. http://www.moneyobserver.com/news/31-03-2014/week-ahead-3103-0404
Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 481.39 ($8.01). We may start getting a higher target price now with the approval of Scottish Widows deal. And probably lots of buy ratings coming through.
RBC Capital reiterated their outperform rating on shares of Aberdeen Asset Management plc (LON:ADN) in a research report released on Wednesday morning, AnalystRatings.Net reports.
Aberdeen said approval by the Financial Conduct Authority meant the deal would likely be completed on March 31. Aberdeen struck a deal in November to buy Scottish Widows for about 660 million pounds ($1.10 billion), creating Europe's No. 1 listed stand-alone fund manager. The company expects to issue a trading statement and confirm the completion of the deal on April 1.
(Reuters) - Aberdeen Asset Management Plc (ADN.L) said on Thursday it had received regulatory approval to buy Lloyds Banking Group's (LLOY.L) fund management arm Scottish Widows Investment Partnership.
surely wont go much lower unless Ukraine situation intensifies, 350 should be lowest
these shares are £5 all day long.
anyone think this could hit 350 after Jefferies price target? should be interesting where it goes from here
Agreed. Im back in at 386. IMHO this has bottomed on current trend. Expect gradual SP increase to around 400 by mid March. Let's see where it goes after that.
Three analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 481.58 ($8.07).
I think thats the main reason for the recent drop in the SP. It started to recover from the bad news surrounding emerging markets and this just caused another dip. Hopefully should be back on the rise mid to late next week.
Does anyone think the uncertainty over currency and independence in general is negatively impacting the SP in anyway
P/E of only 15.74 on today's SP. Prospects positive with outperform rating. ADN should move back to 500p by June. I'm holding; did not sell at 425 as I see a big light in the tunnel.......... (But set SL at 400 just in case!)
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 485 ($7.97) price target on the stock. RBC Capital’s target price suggests a potential upside of 21.15% from the company’s current price. http://zolmax.com/investing/rbc-capital-reiterates-outperform-rating-for-aberdeen-asset-management-plc-adn-2/205948/
If we all had a crystal ball.....Don't beat yourself with a stick. We have all been there. I'd hold....I dont see a disaster. ADN are well managed and well financed. But they are exposed to international, and emerging markets more than others so its a difficult call. If you have a better share ( more stable/ better growth) id probably reduce ADN, otherwise hold on tight to the roller coaster. Next time when you are in decent profit, set a stop loss to retain some of it.....and expect the price to rise after the SL kicks in....it always does for me!
I had sold when I had £9k proft and I am currently back to square one! Having said that it has been oversold and has bottomed out on the RSI charts and is starting to rise so fingers crossed we are over the worst ......what do you think?
After such an interesting start aswell
Ah, well another day for sure
to my 425.....
Hi Jinksy.....Well...its a long story. I sold 1000 at 411 on a stop to collect a bit of profit, then watched it go down and took pity at 403 so bought them back. Really should not do that. But turned out OK except for a few quid costs. If I can get to 425 I'll sell more again. I dont recommend this as I usually find when heart rules head the share goes into immediate reverse as soon as I press "buy".......just slightly lucky this time. But I need some luck after last Friday and Monday killing fields. Really not sure what ADN will now do. Just watching it......
Hope you held fire until today - never expected this bounce
Fingers crossed. the weekend may put the end to the jitters or at least put it into perspective, everyone knew the tapering would be decreased over time. Also any news on the SWIP takeover this quater would boost the share, just need the regulatory approval.
Just one of those days. Can't see a quick return to my average for Aberdeen (415) so may take a hit early next week and see if grass is greener elsewhere. Lots of opportunities after today.....but perhaps more to hit fan next week...........just trying to keep calm! It will get better. It always does. Now for that glass of wine...........
Not expecting a quick return here - just a steady hike back into previous territory - all the best
Lol. I think this fall is well overdone. Just bought in 10k at 388p. You would have thought Argentina had been eradicated, the currency devaluation isn't that unexpected. Let's see what happens Monday.