Member Info for Beza

I’m guessing it’s the threat of more tariffs that’s the worry here?

I am in agreement with you.

The board have produced an increased dividend, which is growing more than inflation, and judging by the share prices superb rise over the last 18months, the city appear to like how things are being done.

With some publicly listed company’s having greedy, useful management who are great at pay themselves a kings ransom whilst being sh**e, it’s pleasing to see what the AEP team have achieved.

Liontrust continues to see money leaving the business as it recorded yet another £1bn net ouflow in the final quarter of 2025, according to its latest trading update.

The asset manager saw £1.3bn (€1.5bn) leave its main UK retail funds and MPS segment, but did record £330m in institutional net flows.

CEO John Ions said the firm had secured two institutional mandates in the period and added that they are ‘focused on securing further mandates and returning to positive net inflows for the UK’s wholesale and retail markets.’

The £1bn total outflow represented some improvement on the £1.2bn pulled in 2025’s third quarter.

Assets under management ended 2025 at £21.5bn, after a year that saw more job cuts.

Analysts at Berenberg, James Allen and Harry Macmillan, said that ‘the trajectory of [Liontrust’s] underlying outflows appears to be improving and, while performance at larger funds such as Economic Advantage (EA) is still challenging, performance across the wider fund range also seems to be turning a corner.’

In November, Liontrust announced a share buyback programme of up to £10m, which Ions said reflected the board’s positivity in the business.

‘Our confidence in the outlook for Liontrust is reflected in the investment made in the business and the ongoing share buybacks. In ensuring that we deliver for clients through disciplined, long-term active management and excellent client service and communications, we can return the business to growth,’ he added in the trading statement.

Does anyone know their reasoning behind their bearish view?

I hope this news doesn’t bring a premature end to the shares fantastic run.

Apparently AEP has been tipped in IC today.

It was this which was responsible for the rise in the share price (I saw +70 at one point) but the rise was dampened by talk of biodiesel 50 being postponed and a palm oil land grab.

A little worrying.

This share price rise has gathered pace recently and perhaps its because the broker has raised the ‘26 eps from 34p to 38.

Does anyone know if there is a date for a trading update? It looks like it was the first week in Feb last year so, whenever it’s gonna be it can’t be far off.

Is it right that at the last AGM Ions said that he was happy with how the company was performing???

AEP and REA are now hitting new 12 month highs. I’m hoping that there’s more to come.

Interesting to see that Stockopedia have MP Evans in their ‘26 share tips.

They went on further to say that AEP and REA were close to being added but one of his portfolio rules is to have only one stock per sector.

Interesting to see that Stockopedia have MP Evans in their ‘26 share tips.

They went on further to say that AEP and REA were close to being added but one of his portfolio rules is to have only one stock per sector.

MPE picked by Edd Croft from Stockopedia as one of his 2026 tips.

What was interesting is that he said AEP and REA nearly made his list but he only picks one stock from one sector.

It won’t do any harm!

Out of interest, do you know what else he’s bullish on, other than Zotefoam?

Ok, I couldn’t see a comment from today, from your user name but you seem pretty comfortable with the situation. My concern was currency etc and the knock on effect on the share price.

Trading will probably be thin tomorrow so it could exacerbate the response.

I can’t imagine that today’s news will have a positive impact on the share price / currency.

I know I’m showing my ignorance here but why do some people believe that this is going to absolutely rocket soon?

Great news but I also saw an article today listing the worst performing funds of ‘25 and Liontrust was in there! Lets hope the worst is behind now.

I’d of thought that today’s rns and the prospect of broker note / forecast figures would’ve been the impetus for a rise.

Receiving a much needed gain off the back of TGA?