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It's a typical summer marasmus I think, you can add BoD change to that or uncertainty of merging with GAM, rising interest rates provoking large cash withdrawing from ISAs to name just a few. The point is that if you're a long time holder it might be the great time to buy/add more shares just right now, no matter what your average is.
Wasn’t Barclays price target still £10 tho? 😅
An over-reaction to Barclay's cut in target price for LIO? Or a lagged concern about the BoD and latest acquisition?
I’ve added some here. Not too sure what’s causing this share price down fall? The dividend looks tasty too
Do we know what is behind the statement in the final results on how the Board operates and the resignation of the two directors? Any views/analysis on the value of LIO, given its fall from the lofty sp heights of £20+ ?
And Barclays still over £10 a pop with Overweight. Still building on drops as its a no brainer. Once rates start dropping this will pick up on investor sentiment
Ex Divi date is 29th June
So in a week after becoming ex div the price should drop by 50p. I wander if we're going to witness the same move up leading to that event.
Should be more buyers than sellers today that are hoovering up their 50p dividend.
Only managed 800 shares but couldn't resist a top-up 200 shares. Usually, the div announcement pumps up the share but this collapsed, I guess due to inflation news. Oh well. Fear v greed gives a good opportunity sometimes.
Liontrust will be announcing its full year results for the financial year ended 31 March 2023 on Wednesday, 21 June 2023.
If you check dividend history you will see that it was under 3 percent the previous 3 years so last year's divi was a one off and is likely to be cut next time, hence the drop in shareprice.
Which 2 articles? Can you share the links
Looking to build up to 2k. Looks like a good recovery play if markets see an end to recession
I recently bought 2460 shares, initially for the dividend, the more research I do suggests that there may also be a bounce back in the price of the shares. I have now come across two articles/tips for them and finally took the plunge. If they ever get back to previous highs I will be laughing.
when does Liontrust start to get indigestion?...they have been scoffing quite a lot recently.
Can anyone put in leymans terms what went wrong at GAM please?
Let us see whether the market believes it is a good deal and believes the line about it being significantly enhancing to earnings for financial year ending March 2025.
LONDON, May 4 (Reuters) - British asset manager Liontrust said on Thursday it had conditionally agreed to acquire GAM Holding AG, in a deal that values the entire issued share capital of the Swiss asset manager at CHF 107 million ($121.26 million).
The GAM board recommended the transaction earlier on Thursday, adding that clients would benefit from access to a broader range of strategies, services and stability that the financial strength of the combined firm would bring.
The transaction, which is expected to complete in the final quarter, will create a global asset manager with 53 billion in assets under management.
.....another 150 shares to my sipp pot.
Looking forward to when this is £20+ again, but in the meantime, happy to pick up the 6% plus divvies.
And not long before it’s that again. Great debt-free company.
It wasn't so long ago that LIO was more that the twice the current price....
Plenty left in the the tank here !
https://www.thisismoney.co.uk/money/investing/article-11847795/LIONTRUST-UK-SMALLER-COMPANIES-Fund-king-jungle.html
Cheers nothings a certainty as I found out to my peril, just have to play it by ear and hope for the best. Good luck Phil!!!
No problem at all. Yer I agree, long term think they will do really well! No debt and highly profitable business. I keep trying to top up bits and pieces when I can as I am sure I'll be rewarded in the future! Just hard to put decent bits of money with everything going up at the moment.