Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Bloomberg stated that Ashmore holds $400 m of Evergrande's bonds?
The recoverability appears uncertain
This is drifting lower everyday after several downgrade last week. Plus Evergrande debacle where Ashmore has bond holdings does not help. When update from Ashmore comes this may fall below £3 I believe.
I thought it said 22.9M not 220.9M. That's what happens when you don't put your reading glasses on ;D
But he still holds over 220m shares, and sold less than 1% of his holding. Not sure where you get 20% from.
I was planning on adding to my position once it fell back into the £3.50's. But after finding out that Ashmore is one of the largest holders of Evergrande bonds (over $400 million worth), I think I'll wait until that situation sorts itself out.
And I have to wonder if Tom Shippey dumped 20% of his holding due to the same reason?
I love shares which attract such little interest on share forums. These usually turn out to be the best performers for me in the long run. Here's one such case - Ashmore.
These shares are taking something of a pounding at the moment, having reached a 10 month low on the back of some pretty impressive, recent results, considering the financial effects of the pandemic over the past year. The shares are currently yielding a decent 4.6%, which is 2x eps. I couldn't resist and decided to buy a small chunk.
Assets under management increased by US$7.5 billion over the period, comprising positive investment performance of US$8.1 billion and net outflows of US$0.6 billion.
Just ahead Of net client cash flow turning positive would be an optimal time to buy.....
Should be soon maybe this coming quarter or early 21 depending on pandemic progress and US policy following election.
Assets under management increased by US$1.9 billion over the period, comprising positive investment performance of US$2.7 billion and net outflows of US$0.8 billion.
Looks to be turning upwards
Long term consolidation target in my view....EM capability would go well with many more developed market houses.
Sentiment towards EMs changes rapidly....on the lookout for signs of this.
Barclays raised to 480 and results decent
From my enquiries elsewhere, the sale of 10 million shares by Mark Coombs represents about 4% of his holding; hardly dramatic.
Next support at £4.60
OVERBOUGHT
CHART LOOKS OVERBOUGHT NOW
This is holding well despite FTSE falling today.
THURSDAY 31/10/2019 12.10P PAID ON 6/12/19
you can buy the shares up to Wednesday 30/1019 before close of business and get the Dividend
YEAR HIGH 545.5 d y = 3.54 %
below buy report when price was 484.8 it's now around 471.6 buy
BUY
Last Close:484.80Change:+1.20Percent change+0.25%Signal UpdateOur system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 483.60, and our valid average buying price stands now at 484.80. The previous SELL signal was issued on 18/10/2019, 4 days ago, when the stock price was 484.99. Since then ASHM.L has fallen by -0.04%.
THURSDAY 31/10/2019 12.10P PAID ON 6/12/19
you can buy the shares up to Wednesday 30/1016 before close of business and get the Dividend
below buy report when price was 484.8 it's now around 471.6 buy
BUY
Last Close:484.80Change:+1.20Percent change+0.25%Signal UpdateOur system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 483.60, and our valid average buying price stands now at 484.80. The previous SELL signal was issued on 18/10/2019, 4 days ago, when the stock price was 484.99. Since then ASHM.L has fallen by -0.04%.
Been out all day, anyone know why Ashmore dropped 4.6% today, cannot see any RNS that would account for such a drop.
A realistic objective IMHO
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=ashm.L
Ashmore shares gain as it makes strong start to 2019 after tough end to 2018
wow i must have missed something, 5% down.
not bad recovery from the start