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Watched it go from 350 and didn't partake ffs as I thought it may do 280 ... Oh well - looks good for 440p/10% from here?
big trade....
my eyes on this ...
Well we saw a nice lift in SP since April and of late a decline. I note on 07 June 13 The Bank of America rating to Underperform from 475.00 down to 410.00 Target (Downgrade) .___Yet JP Morgan Cazenove rating Overweight Target 573.00 Reiteration on 06 June. Who do take note from. Perhaps Martin Gilbert's Sell in early May told a story. A few weeks later the SP dived !
If he'd of hung in another week he'd be even richer.
£4.5m better off today
Canaccord Genuity has kept its 'buy' rating and 460p target price for Asset Management Group after its first-half trading update.
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating.
This one NEVER stops. How ya doin?
Never lol..........
There was confusion over Aberdeen Asset Management's apparent return to the acquisition trail yesterday morning. The company last bought a business, the asset management side of Royal Bank of Scotland, in 2010, and the chief executive Martin Gilbert was quoted here as recently as September as saying he preferred to use surplus cash to boost the dividend and buy back shares. Almost 130m pounds in total takes a large chunk out of the 300m pounds in the bank at the end of last year, which the market had expected to go back to investors. Except that Artio comes with 136m dollars in cash. The net figure for both, a little more than 40m pounds, is less than Aberdeen's free cash-flow since the start of the year. These are small, infill purchases, not a return to the deal trail. Aberdeen's strong rise since last spring - witness the graph - may count against any further outperformance over the sector as a whole. But the future for fund management looks to be with a handful of strong players, and Aberdeen will be one of them, The Times's Tempus writes.
The acquisition is expected to expand Aberdeen's North American business, deepen its distribution network in the region and add to its existing fixed income capabilities. As of December 31st, Artio managed assets of approximately $14.3bn (9.2bn) on behalf of a diversified retail and institutional client base.
Aberdeen Asset Management has reached an agreement to acquire 100 per cent of the share capital of Artio Global Investors, a publicly-listed asset management holding company. The purchase consideration of approximately $175m (around 112m) is based on a price of $2.75 per share and represents a premium of $34m (22m) over Artio's unaudited net asset value at December 31st. Artio is debt-free and had a net asset value of $141m (90m) and cash and seed investments of $136m (87m) on its balance sheet at the end of 2012. A financial update from Aberdeen Asset Management reported that the purchase price would be payable in cash, financed out of Aberdeen's existing cash resources, on completion of the transaction.
The perfect Investment Stock for a long while.
Developed market investors are starved of income and face the prospect of decades of muted capital returns from their domestic equity markets as austerity measures hinder growth. The answer to their dilemma is to invest globally and Aberdeen Asset Management (ADN) has the capabilities to assist them. After 2012's stand-out performance some may feel nervous piling in now but the well-worn maxim of 'the trend is your friend' stands in the case of this £4.5 billion cap as customers continue to funnel cash its way. A combination of £10.2 billion of net inflows in 2012 and £17.3 billion market-related gains meant Aberdeen's equity assets under management (AUM) grew by a third in the third quarter to £100.7 billion. The company's global fund and Asia Pacific equity portfolios were particularly popular. More than half of Aberdeen's AUM are now accounted for by equities and 45% hail from retail investors, even if the general rule of thumb is last year's best-performing fund is next year's laggard. Aberdeen's global equity books, and in particular its Asia Pacific portfolios under the guidance of Hugh Young, have a very consistent track record of outperformance over periods of five years or more.
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p.
Confidence from Gilbert___ http://www.heraldscotland.com/business/company-news/gilbert-warning-on-economic-turmoil.19951329
http://www.investegate.co.uk/aberdeen-asset-mngmt-(adn)/rns/interim-management-statement/201301170700067357V/..... Some profit taking I see!
Nice to see we hit 400p yesterday. Quite a ride.
Bulls of Aberdeen Asset Management (ADN) have had it all their own way since the summer, with a near 30% share price rise towards £3.80, as well as a recovery in the stock market despite fiscal Cliff concerns. Adding to the cheer, at the end of November the company announced its commitment to a progressive dividend policy, while at the same time announcing a 15% rise in full-year underlying profits. On this basis, and in the wake of the flying start for equities at the start of 2013, backing Europe's second-largest fund manager going into and in the immediate aftermath of its IMS is almost a no brainer.
After resting for a spell @ around 340p, latest target is reached and I suspect the SP could go higher. A top slice wouldn't be silly! I'm still holding some.