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Not quite true Net outflows last year were Liontrust were £4.84 billion, which is from liontust website!! All investment companys suffered outflows last year!!!
Although all investors have been going to cash through recent high inflation turmoil, they still have 29 billion in active funds and when inflation drops they will come back!
Lastly How do you know GAM are a lost cause........ If they were losing to much money as you say why are other investment companys putting competing Bids to try and takeover GAM themselves.
I m fully awary asa with all companys not everythings rosey but if your going to be a critic best to be factual and not spout lies!!!!
I dont think it is a hostile bit though, GAM management and Fund managers are all wanting Liontrust to take over and have publicly encouraged shareholders to vote for liontrust to take them over. I dont fully understand how but there is risk involved as GAM losing money, which Liontrust say they have the strategy and Cash ready to make GAM breakeven. I would love to understand how they plan to do this, John Lions is experienced and great track record so far. I dont understand how they plan to turn GAM around but he obveously thinks it can be done! You walk away now and come back later there losses will be greater I m guessing. This is out of Liontrust hands now its down to weather or not GAM shareholders want to go with Liontrust, the other proposal they have has offered to buy so many of there shares but has not stated how they plan to fund or strategy to some GAM from losing money!!
They currently have in excess of 121 million in the bank I dont thionk this will be an issue........!!! Just an atempt at scare mongering on your part!! If you want to try and be a wise guy better do a bit research before hand!!
Cheers bob your welcome!
If you take into account one off acquisition costs of 9.7 million profit could be up quite nicely next year should be sales be onpar with this year. Just my thoughts....
Thanks Richard a very well run company I m in for the long run. Good luck!!
1/ Leading networked law firm 2 X bigger than. nearest competitor
2/ Established industry reputation, Law firm of the year at law firm awards 2020
3/ Its a scaleable platform model
4/Excellent growth profile with solid margins
5/ return on equity, >30% with almost 100% cash conversion
6/ led by founder CEO who still owns 28% of the company
1/ Leading networked lew firn 2 X bigger than. nearest competitor
2/ Established industry reputation, Law firm of the year at law firm awards 2020
3/ Its a scaleable platform model
4/Excellent groeth profile with solid margins
5/ return on equity, >30% with almost 100% cash conversion
6/ led by founder CEO who still owns 28% of the company
Dont really disagree with this article but the telegraph has written some absolute garbage in the past
reapz Thank you kindly!!
Anyone any idea when the next update is please? I see they had a trading update this time last year any idea if we are due another soon?
thanks just read my fault, would of thought. they would of gave a definate day, good luck!!
Is there a trading update today? I was expecting a RNS??
Thanks Phil sorry for slow reply, I think this year should be ok but a lot of uncertainty though, so I don't think anyone can predict. I m looking longer term though and very confident that from what I can see there doing everything right, but I m just a amateur PI like all the rest so wouldn't read into my thoughts to much. Good luck