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As ASHM rises, shorts might get squeezed out?
295p achieved. It's made a higher high and it's broken out of its downward trend channel. RSI and Momentum indicators are rising. The probabilities to go long, and profit, are high.
ASHM has broken its 50 day MA, now it's targeting the 100 day MA at 295p. But for it to really rise, it needs to break 325p at a minimum.
assuming you got stopped out today? out of curiosity, do you ever go long on any companies? fair play to put up your position though - very open.
Got up to 286.3 on the ask, close call but I'm still in play
Well didn't see this pump coming, 285.7 at the time of writing so may get stopped here, which probably means it'll tease 287, stop me, and then plummet into the 260s for the close!
Created a new short on this@ 272, SL 287, TP 250.
Seeking Alpha think Ashmore is a contrarian play. Could be??? http://seekingalpha.com/article/2825276-ashmore-group-may-be-contrarian-play-on-emerging-markets
Odey increased to 5.43%, Landsdowne at 0.63% and Discovery at 1.68%. Looks like there's still some downside here it seems.
Enormous short position taken out by ODEY Ass Mgt in past few days - 5.2%. Another 1.68% taken out the day before: Discovery Capital Management, LLC ASHMORE GROUP PLC GB00B132NW22 1.68 2014-12-16 Lansdowne Partners (UK) LLP ASHMORE GROUP PLC GB00B132NW22 0.63 2014-11-19 ODEY ASSET MANAGEMENT LLP ASHMORE GROUP PLC GB00B132NW22 5.20 2014-12-17 Figures look pretty grim from the Oct IMS - looks a bit of a slam dunk short this so I have opened one today.
Financial Highlights: The specialist emerging markets asset manager said assets under management are estimated to have risen to $75 billion in the three months to the end of June. Negative Points: Ashmore is exposed to foreign exchange risk. In addition, the group's revenue is denominated in US dollars, whilst the majority of the group's costs are sterling based. Consequently, Ashmore has an exposure to movements in the GBP/USD exchange rate. In the course of its normal activities, the company has exposure to credit risk. Positive Points: Net inflows were delivered across a range of fixed income and equities themes in the quarter. The flows reflect a broad mix of clients by type and domicile, and were balanced in respect of mandate size, the company said in a statement. Investment returns were particularly strong in the blended debt, local currency, external debt and equities themes. The London based fund manager is a recognised leader in the management of Emerging Market debt.
Fourth quarter assets under management statement: The specialist emerging market asset manager reported 7% growth in assets under management. The gain was driven by a combination of $1.6 billion of net inflows and a positive investment performance of $3.3 billion. Assets under management are estimated to have risen to $75 billion in the three months to the end of June, up from $70.1 billion at the end of March. Net inflows were delivered across a range of fixed income and equities themes. It said its investment performance was driven by buying into the "numerous" periods of emerging market weakness over the past 12 months. It added that investment returns were particularly strong in blended debt, local currency, external debt and equities, and all themes contributed to the investment gains except alternatives and overlay/liquidity, which were flat. Mark Coombs, Chief Executive Officer commented: "Improving sentiment and the consequent market recovery have benefitted those investors who remained focused on the economic and political fundamentals in Emerging Markets and who took the opportunity to invest in mis-priced assets earlier in the year. Looking ahead, the prospects for investment returns are enhanced by the on-going development of the asset class. New countries being represented in indices broadens the diverse range of opportunities available and supports increasing allocations by dedicated investors." On balance, market consensus opinion signifies a strong hold.
why this share is so unloved...It's a long player, I admit but, it has so much upside, great support, plus a dividend whilst we wait. No-brainer IMHO.
Ashmore is flying currently - up 10.3 at 352 as I write. I wonder if good news is in store on Thursday?
sold outta this one. good luck to anybody still invested here.
bought myself a few here today, towards closing. ex-divi date coming up soon and although there is recent weakness, this is a favourite among investment houses and fund managers. acceptable dividend cover, yielding good at 5% now. not sure but not looking like it will dip any lower but if it does, i'd be a happy man. good luck, if anybody is here...haha.
Positive Points: The Group said it continues to perform in line with management's expectations. Net inflows were strongest in the group's debt products, which, combined with a positive investment performance helped increase assets under management to US$78.5 billion in respect of the quarter ended 30 September. Ashmore highlighted that the short-term fluctuations in emerging markets should not mask the long-term opportunity in emerging market debt and equities. The London based fund manager is a recognised leader in the management of emerging market debt.
Negative Points: The group remains susceptible to short-term volatility due to global macroeconomic weakness. Emerging market assets had suffered a sharp sell-off in May and June after the US central bank said it was considering cutting back on its monetary stimulus. Ashmore is exposed to foreign exchange risk. In addition, the group's revenue is denominated in US dollars, whilst the majority of the group's costs are sterling based. Consequently, Ashmore has an exposure to movements in the GBP/USD exchange rate. In the course of its normal activities, the company has exposure to credit risk.
Interim management statement: A brief announcement from the specialist emerging markets asset manager saw assets under management increase during the quarter through a combination of net inflows of US$0.6 billion and positive investment performance of US$0.5 billion. In broad-based demand, net inflows were strongest in blended debt, corporate debt and external debt while multi-strategy and local currency saw modest net outflows and smaller net outflows respectively. Elsewhere, equities and external debt contributed the most to investment performance during the period with other themes broadly flat. Mark Coombs, CEO commented: "Ashmore has continued to deliver net inflows during its first quarter, which is traditionally quieter and this year saw more volatile markets. This reflects the long-term investment approach taken by the Group's predominantly institutional clients. Although Emerging Market asset prices recovered in September, valuations across equity and fixed income markets remain attractive, particularly when compared to Developed Market alternatives that continue to face uncertainty owing to numerous economic and fiscal challenges. We therefore remain optimistic about the diverse range of Emerging Market investment opportunities that we can access on behalf of clients
Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral.
Despite the raised dividend, the company reported a 7.3% drop in profit before tax of £120.2m and a 10% decrease in earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £114.1m. The EBITDA margin remained unchanged at 70%. Coombs said heightened volatility resulted in strong investment performance. "At December 31st 2012, 89% of AuM [assets under management] had outperformed relevant benchmarks over one year and 88% over three years," he said.
Specialist asset manager Ashmore Group increased its dividend following a 'satisfactory' financial performance for the second half of 2012. The group raised its dividend 2.3% to 4.35p per share as assets under management increased by 11% to $71.0bn as a result of net inflows and positive investment performance. Continued net inflows climbed 60% to 1.6%. Basic earnings per share rose from 13.83p in 2011 to 13.92p. Chief Executive Officer, Mark Coombs, said the company took advantage of emerging markets amid political events, central bank intervention and continued anaemic growth of developed countries. "Ashmore's experienced investment team has a 20 year track record of investing successfully in these markets, and with a broad and diverse range of themes available to clients the Group is well positioned to benefit from rising demand for the attractive risk-adjusted returns available from emerging market asses," he commented
Positive Points: Assets under management (AuM) increased by 11% to $71 billion. The drivers of the increase were positive investment performance of $5.7 billion and net inflows of $1.6 billion. Management highlighted a "strong" investment performance. 89% of AuM had outperformed relevant benchmarks over one year, and 88% over three years. The London based fund manager is a recognised leader in the management of Emerging Market debt. Group focus remains on long-term growth, in line with the company's strategy. A progressive dividend policy continues to be pursued. The half year dividend was increased by 2.3%, whilst the total dividend over the course of its last financial year was increased by 3.4% compared to the prior year. All yield figures are variable and not guaranteed.
Negative Points: Profit before tax declined to £120.2 million, down from £129.8 million in H1 2011. Group net management fees declined to £148.2 million (H1 2011/12: £151.4 million), whilst performance fees fell to £15.3 million, down from £23.0 million in H1 2011. Emerging Market fixed income investments saw performance fees decline to £11.0 million, down from £30.8 million in the prior half year. In the financial year gone, assets under management fell by $2.1 billion to $63.7 billion. Total net revenue proved virtually flat at £333.3 million, whilst profit before tax declined by 1% to £243.2 million. The group remains susceptible to short-term volatility due to global macroeconomic weakness.
Financial Highlights: Group net revenue declined by 10% to £163.7 million Assets under management (AuM) rose by 11% to $71.0 billion as of 31Dec12 Profit before tax declined to £120.2 million (H1 2011/12: £129.8 million) The half year dividend was increased by 2.3% to 4.35p per share (H1 2011/12: 4.25p)