aberdeen asset managemnt this company has fallen from 1.90 per share in may down to 1.34 now. despite having really good broker recommendations, as being a strong buy. Lets hear views and whether or not if you thing they have a good chance of recovery. I have quite a few shares and am wondering whether to stick with or move the money into something else.

JP Morgan overweight new target 509.0

Credit Suisse sees "tough start" for Aberdeen
27 March 2014 11:31

Credit Suisse expects a "tough start to the year" for asset manager Aberdeen and has reduced its target price for the stock from 470p to 415p, keeping a 'neutral' rating.

The bank admitted that the shares - trading at 11 times earnings for the 2015 calendar year - are "not expensive" but sees a lack of catalysts for the share price in the near term.

Credit Suisse said that at Aberdeen's listed UK and offshore funds, which capture around 21% of its assets under management, there have been net outflows of around £2.9bn during January and February alone, which compares to net outflows of £2.3bn across the fourth quarter of 2013.

Key listed funds including GEM equities, Asia Pacific equities and Global equities all continued to experience net outflows during the first two months of the year, according to Morningstar.

"Whilst we have less visibility on institutional mandates and the funding of the pipeline, we expect a relatively cautious start to 2014 which is unlikely to have been helped by continued subdued sentiment towards emerging markets."

The stock was up 0.3% at 388.3p by 11:42.

BC

And,your point?

They have been downgraded by J P Morgan your post up above 193

LATEST BROKER VIEWS

Date Broker New target Recomm.
28 Mar JP Morgan... 509.00 Overweight
27 Mar Credit Suisse 415.00 Neutral
26 Mar Citigroup 390.00 Neutral
24 Mar RBC Capital... N/A Outperform
19 Mar RBC Capital... N/A Outperform
10 Mar Goldman Sachs 540.00 Buy
17 Feb Goldman Sachs 540.00 Buy
13 Feb Jefferies... 350.00 Underperform
6 Feb RBC Capital... 485.00 Outperform
6 Feb Numis 425.00 Hold
Broker Recommendations for Aberdeen Asset Management

GF - As posted on your chart thread, I use them but never rely on them :O)

Downgraded by J P Morgan.......

SP target was .........529p.........NOW 509p.

28 Mar 2014 Aberdeen Asset... ADN JP Morgan Cazenove Overweight 398.55 396.90 529.00 509.00 Retains

Good job you don't listen to brokers recs then!

Again AND, what's your point? Can't see it but 509.0 unless I'm looking at the chart upside down is a dam sight better than current SP.

Ohhh I do and I use them.

Chris 2 downgrades in 1 day.

The brokers are pointing out they have lowered their expectations.

Its like your mate Smirkey Burns telling you that hes lowered his SP target on one of HIS TIPS (when is a tip not a tip?, when Robbie Burns tips it.......get it LOL)

Grow up GF.

That from a bloke who goes on the talk thread and posts childish remarks about football.
ohhhhhh dear.

Charles Stanley says.........

Aberdeen Asset Management (ADN: 396p) bucked the trend in the broader market and
posted a gain of 2.2% (in decent trade), which means that it has now risen by 9.3% this week
alone. Investors appear to be making the assumption that the company’s emerging-market
woes are already over but this looks like it might be a little bit premature. Selling into strength
might not be a bad idea here.

He may well be right GF :O) I'm trading this stock not marrying it. If I get stopped out today I have made a profit. Let's see what happens when the company issues a trading statement on Monday. I attempt to trade the chart not interested in being in your gang. I'll decide.

My Gang LOL who are you trying to kid.

Im a solo player a contrarian and always have been.

I dont seek to court pals and followers like cynic etc etc.

If I pick a few freinds up on the way thats fine but I certainly dont go out of my way to win freinds and never have.

Thought youd know that by now.

Actualy weighing this one up I might have a few bob long.

Have been in before a few times and they havent let me down.

Still waiting for trading statement. Out the spreads @ 394 + 25
Have left a Limit Buy @ 402.0 more in hope than expectation.

1 April 2014

ABERDEEN ASSET MANAGEMENT PLC
COMPLETION OF THE ACQUISITION OF SCOTTISH WIDOWS INVESTMENT PARTNERSHIP

· Acquisition of SWIP and its related private equity business completed as planned
· Completion of the infrastructure business acquisition expected in the next few weeks
· Combined Group will have pro-forma assets under management of £324.5 billion as at 28 February 2014
· Total consideration for the Acquisition of approximately £550 million
o Consideration to be satisfied by the issue of 125.85 million shares to Lloyds Banking Group plus a deferred top-up payment of £39.4 million payable at the end of a 12-month period following completion
o A further 5.95 million shares will be issued on completion of the infrastructure element
· Acquisition expected to be materially enhancing to underlying earnings per share in first full financial year following completion

Aberdeen Asset Management PLC ("Aberdeen" or the "Company") is pleased to announce that it has completed the acquisition, which was announced on 18 November 2013, of Scottish Widows Investment Partnership Group Limited ("SWIP") and SWIP's related private equity fund management business from Lloyds Banking Group plc ("Lloyds"), following the receipt of all relevant regulatory approvals. The purchase of SWIP's infrastructure fund management business is expected to complete within the next few weeks.

In addition, Aberdeen has entered into a long-term strategic relationship with Lloyds. This strategic relationship will operate across Lloyds' Wealth, Insurance, Commercial Banking and Retail businesses and is expected to result in a stronger asset management offering for customers.

The consideration for SWIP and the related private equity business will be satisfied by the issue of 125,848,000 new ordinary shares to Lloyds, of which 108,537,009 shares have been issued today and the remaining 17,310,991 shares will be issued on the earlier of (i) the first anniversary of completion and (ii) receipt by Lloyds of certain regulatory approvals and consents. On completion of the acquisition of SWIP's infrastructure fund management business, a further 5,952,000 new ordinary shares will be issued to Lloyds, and the total number of shares issued as consideration will represent approximately 9.9% of the enlarged Aberdeen Group's issued ordinary share capital.

In accordance with the Sale and Purchase Agreement, a deferred top-up payment of £39.4 million will be payable to Lloyds at the end of the 12 month period following completion. This payment is based on the difference between Aberdeen's volume weighted average price for the five business days ending on 31 March 2014 and the reference price of 420 pence per share and Aberdeen is entitled, at its sole option, to make this payment either in cash or by the issue of additional new ordinary shares to Lloyds. The total consideration for the Acquisition including the shares still to be issued on completion of the infrastructure element and the deferred top-up payment, will be approximately £550 million.

As at 28 February 2014, SWIP and its related private equity and infrastructure businesses had total assets under management ("AuM") of £138.0 billion. The enlarged Aberdeen Group will have pro-forma AuM, following completion of the infrastructure element of the transaction, of £324.5 billion, making Aberdeen the leading European independent asset management group, ranked by AuM. The composition of the enlarged Group's AuM is summarised at the end of the statement.

Considerable planning work has been undertaken jointly by the management teams of both Aberdeen and SWIP since the announcement of the transaction. The integration process will commence from completion and involve the transition of the assets of SWIP onto the enlarged Group's platform in a controlled manner over the next 24 months. The acquisition will expand Aberdeen's asset management operations in Edinburgh substantially.

The acquisition is expected to be materially enhancing to underlying earnings per share in the first full financial year following completion.

Commenting on the successful completion of the transaction, Martin Gilbert, Chief Executive of Aberdeen, said:

"We are pleased to have completed this important acquisition as planned and on schedule, so that we can now commence the task of integrating SWIP into the enlarged Aberdeen Asset Management Group. We will immediately begin a structured migration of funds and platforms, whilst continuing to deliver an excellent investment performance for both existing and new clients.

"The enlarged group is well placed to meet the needs of a diverse range of investors with a broad range of capabilities across both geographies and asset classes.

"We look forward to developing our new strategic relationship with Lloyds and, on behalf of everyone at Aberdeen, I would like to welcome our new colleagues from SWIP into the Group."

Combined AuM at 28 February 2014


Aberdeen (£bn)
SWIP (£bn)
Combined (£bn)
Active equities
101.9
3.6
105.5
Fixed income
35.5
39.0
74.5
Quantitative equities
-
55.7
55.7
Investmentsolutions
28.1
13.21
41.3
Property
15.7
8.3
24.0
Money market
5.3
18.2
23.5
Total
186.5
138.0
324.5

1 Includes private equity and infrastructure AuM

For further information, please contact:

Contacts:
Aberdeen Asset Management PLC + 44 (0) 20 7463 6000
Martin Gilbert
Bill Rattray


Maitland + 44 (0) 20 7379 5151
Neil Bennett
Tom Eckersley


This information is provided by RNS
The company news service from the London Stock Exchange

END

Aberdeen AuM down

StockMarketWire.com

Aberdeen Asset Management's assets under management fell to £186.5bn at the end of February- down from £193.6bn at the end of December due to continuing weakness in emerging markets.

The group repots gross new business of £4.0bn in the two month period and net outflows of £3.9bn spread across asset classes and estimated net outflows of £0.2bn in March.

The group said a strong pipeline of business was awarded but not funded at 28 February across investment divisions, of which £1.2bn had been received as inflows during March.

Chief executive Martin Gilbert said: "Encouraging inflows to emerging market debt, high yield bonds and property have partly offset net outflows from our Asian and emerging market equity products, and we have seen further growth in the pipeline of new business awarded but not funded at the end of February.

"Conditions in emerging markets remain subdued, and we have therefore identified and are implementing some cost savings, over and above the synergies we expect from the SWIP transaction. However, we will not change our long-term approach to investment which has delivered excellent returns to our clients over time and we look forward to building on the additional scale and product diversity that the acquisition of SWIP brings."



At 8:25am: (LON:ADN) Aberdeen Asset Management PLC share price was +5.5p at 395.8p


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