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Aberdeen Asset Management boosted by RBC Capital upgrade

Wed, 08th Feb 2017 09:26

(ShareCast News) - RBC Capital Markets has upgraded Aberdeen Asset Management to 'sector perform' from 'underperform' but trimmed the target price to 285p from 290p.The bank said the risk in the near term is to the upside based upon an oversold share price, a reasonable valuation, a high dividend yield, stabilising revenue margin, well controlled cost base, and the real possibility of M&A."Aberdeen's negatives are well-known by the market and more than reflected in the share price; we thus believe an upward redistribution of analyst ratings is more likely than an increase in the negative bias of the distribution."RBC said the biggest risk remains a recovery in net flows. Aberdeen has experienced around £80bn in net outflows in the last nine quarters alone, and since the beginning of full-year 2014, equity net outflows are around £50bn."Despite these staggering statistics and our forecast for elevated net outflows in FY17E, we anticipate a material recovery in flows in FY18E. Should flows not recover as we anticipate, today's upgrade could be premature."At 0935 GMT, the shares were up 3.1% to 258.60p.
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16 Jun 2016 17:43

LPC: Negative global yields positive for US leveraged loans

By Lynn Adler NEW YORK, June 16 (Reuters) - Investors grappling with trillions of dollars of negative-yielding bonds in Europe and Japan are seen increasingly seeking U.S. leveraged loans for higher returns, similar to their push into corporate debt, portfolio managers said. Yields ar

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9 Jun 2016 15:02

UK Dividends Calendar - Next 7 Days

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20 May 2016 11:48

PRESS: CEO Says Aberdeen Is Resisting Takeover Interest - Bloomberg

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13 May 2016 08:33

BROKER RATINGS SUMMARY: Macquarie Downgrades RSA To Underperform

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10 May 2016 15:38

Tuesday broker round-up

(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b

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5 May 2016 15:14

Dividends Calendar - Week Ahead

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4 May 2016 08:30

BROKER RATINGS SUMMARY: Bernstein Downgrades Morrisons To Underperform

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3 May 2016 15:58

LONDON MARKET CLOSE: Miners And Banks Help Send FTSE 100 Lower

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3 May 2016 13:11

CORRECTED-UPDATE 2-Aberdeen's profits hit by investors' flight from emerging markets

(Corrects first paragraph to read "was facing" instead of "suffered") * H1 underlying pretax profit down 40 pct * Revenues down 20 pct; interim dividend 7.5 p/share * Shares down 7.9 pct, leading FTSE mid-cap fallers By Simon Jessop LONDON, May 3 (Reuters) - British

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3 May 2016 11:14

LONDON MARKET MIDDAY: Weak China And UK Manufacturing Data Hit Shares

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3 May 2016 09:54

Numis cuts Aberdeen Asset Management to 'hold' from 'add'

(ShareCast News) - Aberdeen Asset Management's shares slumped on Tuesday as Numis downgraded the stock to 'hold' from 'add' after the company reported a drop in first half profit. In the six months to the end of March, underlying pre-tax profit fell 40% to £162.9m, as net revenue declined 20% to £

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3 May 2016 09:38

WINNERS & LOSERS SUMMARY: Barclays Says RSA Can Become "Best In Class"

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3 May 2016 09:10

EMERGING MARKETS-Emerging shares at 3-wk low; factory data highlights poor growth

By Sujata Rao LONDON, May 3 (Reuters) - Emerging stocks slipped to three-week lows on Tuesday, weighed down by worries over economic growth, with shares in emerging markets-focused Aberdeen Asset Management falling almost 8 percent after poor results. Manufacturing activity across the

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3 May 2016 08:00

BUZZ-Aberdeen: warns more EM pain to come after weak H1

** EM-focused Aberdeen Asset Management -7%, top FTSE midcap loser & on track for worst fall in over 3 mnths ** H1 underlying PBT -40%, hit by EM slump & asset fund firm says these conditions likely to lead to further asset outflows ** "An all round bad set of results," Numis writes,

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3 May 2016 07:46

Aberdeen Asset Management 1Q profit slump 40%

(ShareCast News) - Aberdeen Asset Management reported a slump in first-half profit on Tuesday as it took a hit from weakness in emerging markets. In the six months to the end of March, underlying pre-tax profit fell 40% to £162.9m, as net revenue declined 20% to £483.6m. Meanwhile, assets under man

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