Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
HGG Date: Wednesday 19 Apr 2017 Henderson Group published its first quarter trading statement for the three months to 31 March on Wednesday, with assets under management at period end increasing to £103.1bn, which the board said was driven by positive investment performance and foreign exchange gains. Wall street says; Henderson Group’s PE ratio of 23.11x and estimated 42% growth in earnings next year give it an extremely low PEG ratio of 0.5x. This means that when accounting for its growth Henderson Group’s stock can be viewed a very good value based on its fundamentals.
Heard a rumor that the Bal estate arm have bought the local outlet. Can anyone enlighten me. Thanks Humpa
Inflows boost Henderson assets under management to £89 billion: Henderson Global Investors increased its assets under management by 10% in the first quarter as it benefited from improving investment performance and the rally in European equities.
Fund management group Henderson saw record net inflows of £3.6bn in the first three months of the year, which contributed to a 10% rise in assets under management to reach £89.4bn. Andrew Formica, chief executive of Henderson, said: "Evolving client needs have driven us to develop a broad range of investment capabilities over the last few years which has enabled us to deliver market share gains in all of our major markets."
Back in the 90s the best stock market investments were those that invested in the companies that invest in stocks . History repeating itself. People very slow to twig this bull run . By the time they start piling in to stocks it will be too late of course but companies like this will do superbly. Reckon this is the best out there . The 'perpetual of this decade
...next stop 2.50?!
It's all good here but a very quiet board..
I've been holding for a while now and it is looking very strong..
all set to cross 200p
Henderson Group: Bank of America raises target price from 145p to 175p and stays with its buy recommendation.
Henderson Group: Societe Generale raises target price from 115p to 135p and downgrades to sell.
Henderson Group: Citigroup ups target price from 116p to 170p and upgrades from neutral to buy. Shore Capital upgrades to buy.
Henderson Group: UBS takes target price from 115p to 158p staying with its buy recommendation.
Asset management house Henderson Group has announced a number of changes to its board membership and corporate structure. Chairman Rupert Pennant-Rea will stand down from the board in May 2013 and the group said that a comprehensive search had commenced for his successor. In addition, the company has announced a change in its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring. The UK government's Controlled Foreign Company reform means the group's tax position and effective tax rate are unaffected by having a UK resident parent company. Furthermore, the board has decided to reduce the number of executive directors on the board. David Jacob and James Darkins have stepped down with effect from December 12th. The group also announced the appointment of Jacqui Irvine as company secretary with effect from December 12th replacing Fionnuala Hanrahan. Henderson Group's share price was down 1.49% to 125.70p at 10:24 on Thursday morning.
"The modest current year and one year returns on our absolute return fund range, combined with industry aversion to Europe and equity long short strategies, has led to an increase in both notified and actual redemptions," Henderson admitted. "Performance improved over the period and, if maintained through the remainder of the year, then we should see an improvement in flows as we move into 2013," the group said. Phoenix saw AUM improve to £6.83bn from £6.72bn at the end of June, with net outflows during the quarter of £248m. The group's balance sheet at the end of September showed total net assets of £730m, down from £736.7m at the end of June, including unrestricted cash and cash equivalents of £119.4m, up from £87.8m three months earlier. The net debt position more than halved over the quarter to £30.6m from £62.2m at the end of June. The Chief Executive of Henderson, Andrew Formica, attempted to put a veneer on the figures. "Although investors remained cautious in their appetite for risk products, confidence improved during the period particularly about Europe and therefore outflows from our retail funds slowed compared to the second quarter." "Our strict cost discipline allows us to continue to invest in the business and enhance the service we provide to our clients. This means that we are well positioned to benefit from any improvements in investor sentiment," Formica added.
Fund manager Henderson Group saw assets under management improve in the third quarter despite a net outflow of funds. Excluding its Phoenix division, assets under management (AUM) rose to £58.0bn at the end of September from £56.9bn at the end of June, despite a new outflow of funds of £881m. On the Retail side, AUM rose to £29.1bn from £28.0bn at the end of the previous quarter, with investment performance of +£1.38bn more than compensating for £296m (net) of funds being withdrawn during the quarter. The outflows were most pronounced in the UK OEIC (open ended investment companies) range. "We continue to experience outflows as clients and advisers reposition their portfolios in advance of the implementation of the Retail Distribution Review as well as having some core funds, notably in our multi manager range, under-performing," Henderson revealed. On the plus side, the group saw a turnaround in its European SICAV (Société d'Investissement À Capital Variable - a type of open-ended investment fund) range, which showed positive net flows in the period. The group also saw a more positive trend in its US Mutual Fund (unit trust) range as the quarter wore on. On the institutional aside (again, excluding Phoenix), AUM edged up to £28.92bn from £28.90bn at the end of June. Net flows were negative at £585m
Citigroup cuts target from 125p to 106p, neutral rating kept
HENDERSON SEES £2.4BN JUMP IN ASSETS UNDER MANAGEMENT Henderson Group's assets under management rose by £2.4bn to £66.7bn in the three months to the end of March. The group had positive net flows in European retail and investment trusts of £291m offset by UK and US retail net outflows of £392m. Chief executive Andrew Formica said:: "Although equity markets are higher than at the beginning of the year, continued market volatility and economic uncertainty during the period have kept investor demand for risk assets subdued. "However, I am encouraged that through this period our investment performance has been strong. "Whilst we expect markets to remain volatile, I am confident that our product diversity, investment performance and relentless client focus, position us well for the future." Source: http://www.stockmarketwire.com/article/4361178/Henderson-Group-AUM-increases-by-2-point-4bn.html CEO, ANDREW FORMICA, BUYS A HANDFUL OF SHARES Andrew Formica, Chief Executive Officer, bought 103 shares in the company on the 30th April 2012 at a price of 121.20p. The Director now holds 1,087,393 shares. Source: http://www.stockmarketwire.com/article/4360376/Director-Deals-Henderson-Group-PLC-HGG.html CITIGROUP CUTS Citigroup cuts Henderson Group PLC price target to 125P from 130P; rating neutral. Source: http://www.cnbc.com/id/47274488/BRIEF_RESEARCH_ALERT_Citigroup_cuts_Henderson_Group_price_target
David Jacob, Managing Director of Investment Management at fund manager Henderson Group, has sold 429,000 shares at 120.60p. The £517,374 sale was made after the director acquired just over two million shares on the vesting of a share plan. Following the transaction Jacob now holds around 2.466m shares. His wife continues to own 710,920 shares.
Investec upgrades Henderson Group from hold to buy, target price 149p.
Henderson: UBS ups target from 110p to 135p, neutral rating maintained.
Numis upgrades Henderson Group from reduce to hold, target price raised from 123p to 150p.
Quite like the look of HGG for when the market volatility settles down
Underlying profits rise at Henderson Date: Wednesday 17 Aug 2011 LONDON (ShareCast) - A £51.7m charge related to the costs of troubled rival Gartmore sent fund manager Henderson Group into the red at the halfway stage, but has not soured the group on its acquisition. "The integration of Gartmore is exceeding our expectations," revealed Henderson's chief executive, Andrew Formica, as the group announced a 78% increase in underlying profit before tax for the first half of the year. Adjusted pre-tax profit surged to £86.4m from £48.5m the year before, while recurring profit before tax climbed to £48.6m from £41.6m. The one-off cost for integrating Gartmore saw the company fall into the red at the pre-tax level, however, with a loss of £3.1m. Profit after tax dipped to £13.8m from £33.0m the year before. Diluted earnings per share jumped to 7.1p from 4.5p last year. Assets under management (AuM) at the end of the reporting period stood at £74.4bn, up from £61.6bn at the end of 2010. Gartmore's AuM at the time the takeover completed (4 April) totalled £15.7bn. Fixed income and equity funds continued to perform well with 82% and 75% of assets, respectively, achieving or beating their benchmarks over three years. Total fee income advanced to £254.5m from £178.6m the year before. Total fee margin improved in the first half due to higher transaction and performance fees and three months revenue from Gartmore. The improving management fee margin illustrates the shift from institutional to retail business along with the acquisition of Gartmore, the company said. Net margins have improved as underlying profits benefit from increases in both fee and operating margins. Net inflows into Henderson retail funds of £0.6bn in the first half of 2011 were partly offset by £0.3bn of net outflows from Gartmore retail funds. The Henderson institutional net outflows of £2.6bn were mainly from long-standing lower margin mandates where clients have, despite strong performance, rebalanced their portfolios. The interim dividend has been hiked by 5% to 1.95p from 1.85p at the interim stage in 2010. "We expect the recent market turmoil to continue in the short- to medium-term, which will dampen investor appetite. That said, we will invest selectively in our business to ensure that we deliver the best product and best service to our clients whilst we continue to manage our cost base actively," the company said.
http://www.investegate.co.uk/Article.aspx?id=201108170700114903M