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Aberdeen Asset Management (ADN)     

candolim - 22 Jul 2006 13:53

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.

goldfinger - 21 Nov 2014 20:12 - 273 of 470

Should have a chart in the header here.

Carson contact Ian please and ask if he could do .

Chris Carson - 21 Nov 2014 20:28 - 274 of 470

Not my call, originator of thread. Anyway what's it got to do with you?

Chris Carson - 25 Nov 2014 11:20 - 275 of 470

Chart.aspx?Provider=EODIntra&Code=ADN&Si


Needs more volume and providing indices don't tank, if it can break 460p and hold above it, next major resistance 500p

Chris Carson - 01 Dec 2014 07:39 - 276 of 470

RNS
RNS Number : 4000Y
Aberdeen Asset Management PLC
01 December 2014





ABERDEEN ASSET MANAGEMENT PLC
RESULTS FOR THE YEAR TO 30 SEPTEMBER 2014 (AUDITED)


Highlights

· Net revenue 4% higher at £1,117.6 million (2013: £1,078.5 million)
· Underlying profit before tax increased by 2% to £490.3 million (2013: £482.7 million)
· 4% decrease in underlying diluted earnings per share to 31.1p (2013: 32.5p)
· Final dividend of 11.25p per share (2013: 10.0p), making 18.0p for the full year (2013: 16.0p)
· Cash increased by 53% to £653.9 million (2013: £426.6 million)
· Assets under management (AuM) increased by 62% to £324.4 billion (2013: £200.4 billion) following acquisition of SWIP



2014
2013
Net revenue
£1,117.6m
£1,078.5m
Underlying results: before amortisation and acquisition-related items


Profit before tax
£490.3m
£482.7m
Diluted earnings per share
31.1p
32.5p
Statutory results


Profit before tax
£354.6m
£390.3m
Diluted earnings per share
22.8p
26.2p
Total dividend per share
18.0p
16.0p
Gross new business
£34.7bn
£43.9bn
Net new business
(£20.4bn)
(£2.5bn)
Assets under management at the year end
£324.4bn
£200.4bn

Martin Gilbert, Chief Executive of Aberdeen Asset Management commented:

"We have delivered robust performance this year in a more challenging environment, underpinned by our long-term track record and also our transformational acquisition of SWIP, which has diversified the Group. The first half of the year was particularly demanding, as investor sentiment turned sharply against emerging market economies. Recently, however, we have seen those concerns abate and outflows from our Asian and emerging market funds have moderated.

"The integration of SWIP is proceeding on schedule and is already beginning to deliver cost synergies ahead of expectations. The acquisition has also made us a more balanced and diverse business and more easily able to ride out the ebb and flow of investor sentiment in particular asset classes and geographies.

"Markets are likely to remain volatile given the uncertain economic and interest rate environment but our new financial year has started well with our broadened product range attracting interest from a range of clients. We will continue to apply our philosophy of long-term fundamental investing to meet the objectives of our clients."







Chris Carson - 01 Dec 2014 07:39 - 277 of 470

RNS
RNS Number : 4000Y
Aberdeen Asset Management PLC
01 December 2014





ABERDEEN ASSET MANAGEMENT PLC
RESULTS FOR THE YEAR TO 30 SEPTEMBER 2014 (AUDITED)


Highlights

· Net revenue 4% higher at £1,117.6 million (2013: £1,078.5 million)
· Underlying profit before tax increased by 2% to £490.3 million (2013: £482.7 million)
· 4% decrease in underlying diluted earnings per share to 31.1p (2013: 32.5p)
· Final dividend of 11.25p per share (2013: 10.0p), making 18.0p for the full year (2013: 16.0p)
· Cash increased by 53% to £653.9 million (2013: £426.6 million)
· Assets under management (AuM) increased by 62% to £324.4 billion (2013: £200.4 billion) following acquisition of SWIP



2014
2013
Net revenue
£1,117.6m
£1,078.5m
Underlying results: before amortisation and acquisition-related items


Profit before tax
£490.3m
£482.7m
Diluted earnings per share
31.1p
32.5p
Statutory results


Profit before tax
£354.6m
£390.3m
Diluted earnings per share
22.8p
26.2p
Total dividend per share
18.0p
16.0p
Gross new business
£34.7bn
£43.9bn
Net new business
(£20.4bn)
(£2.5bn)
Assets under management at the year end
£324.4bn
£200.4bn

Martin Gilbert, Chief Executive of Aberdeen Asset Management commented:

"We have delivered robust performance this year in a more challenging environment, underpinned by our long-term track record and also our transformational acquisition of SWIP, which has diversified the Group. The first half of the year was particularly demanding, as investor sentiment turned sharply against emerging market economies. Recently, however, we have seen those concerns abate and outflows from our Asian and emerging market funds have moderated.

"The integration of SWIP is proceeding on schedule and is already beginning to deliver cost synergies ahead of expectations. The acquisition has also made us a more balanced and diverse business and more easily able to ride out the ebb and flow of investor sentiment in particular asset classes and geographies.

"Markets are likely to remain volatile given the uncertain economic and interest rate environment but our new financial year has started well with our broadened product range attracting interest from a range of clients. We will continue to apply our philosophy of long-term fundamental investing to meet the objectives of our clients."







Chris Carson - 01 Dec 2014 07:39 - 278 of 470


Appointment of Joint Broker

RNS

RNS Number : 4295Y
Aberdeen Asset Management PLC
01 December 2014



Appointment of Joint Corporate Broker

Aberdeen Asset Management PLC is pleased to announce the appointment of Credit Suisse Securities (Europe) Limited as joint corporate broker alongside the Company's existing broker, JP Morgan Cazenove.

Aberdeen Asset Management
Martin Gilbert Chief Executive + 44 (0) 207 463 6000
Bill Rattray Finance Director + 44 (0) 207 463 6000

Maitland
Neil Bennett + 44 (0) 207 379 5151

Tom Eckersley + 44 (0) 207 379 5151


Chris Carson - 01 Dec 2014 09:57 - 279 of 470

LATEST BROKER VIEWS

Date Broker New target Recomm.
1 Dec Canaccord... 430.00 Hold
1 Dec Espirito... 541.00 Buy
1 Dec Liberum Capital 517.00 Buy
12 Nov Barclays... N/A Equal weight
10 Nov Numis 455.00 Add
4 Nov Credit Suisse 455.00 Neutral
22 Oct Liberum Capital 508.00 Buy
7 Oct Credit Suisse 440.00 Neutral
3 Oct Berenberg 510.00 Buy
1 Oct Barclays... 500.00 Overweight
Broker Recommendations for Aberdeen Asset Management

Chris Carson - 01 Dec 2014 13:48 - 280 of 470

Stop to 460p initial target.

Chris Carson - 02 Dec 2014 12:05 - 281 of 470

LATEST BROKER VIEWS

Date Broker New target Recomm.
2 Dec Numis 455.00 Hold
2 Dec RBC Capital... 500.00 Sector Performer
2 Dec Beaufort... N/A Buy
2 Dec JP Morgan... 500.00 Overweight
1 Dec Canaccord... 430.00 Hold
1 Dec Espirito... 541.00 Buy
1 Dec Liberum Capital 517.00 Buy
12 Nov Barclays... N/A Equal weight
10 Nov Numis 455.00 Add
4 Nov Credit Suisse 455.00 Neutral
Broker Recommendations for Aberdeen Asset Management





Limit Buy left @ 466.0

Chris Carson - 02 Dec 2014 12:07 - 282 of 470

Chart.aspx?Provider=EODIntra&Code=ADN&Si

goldfinger - 02 Dec 2014 12:34 - 283 of 470

Joined Carson aka Blue Boy, Lord Carson etc etc here this morning.......

Aberdeen results indicate ‘small positives’ for next year
Aberdeen Asset Management (ADN) has reported good cash generation and dividend growth with a number of ‘small positives’ expected over the coming year.

Peel Hunt analyst Stuart Duncan retained a ‘buy’ recommendation and target price of 490p on the shares after final results beat forecasts with profits hitting £490.3 million. The shares rallied 1.7% to 457.5p yesterday on the news.

‘While [the] results were largely as expected, operating cash generation remains strong, underpinning expectations of good dividend growth in the coming years,’ he said. ‘A December 2015 estimate enterprise value/ net operating profit after tax multiple of 11.7x remains attractive, with a yield of over 4%.’

Duncan noted the integration of Scottish Widows Investment Partnership was ‘progressing well and that cost synergies are ahead of expectations’.

‘The new year is reported to have started well, with client interest in the product range,’ he said.

http://citywire.co.uk/money/the-expert-view-lloyds-tesco-and-aberdeen/a787081?ref=citywire-money-latest-news-list#i=4

Chris Carson - 02 Dec 2014 12:41 - 284 of 470

I was stopped out at my initial target 460p. I will be joining you only if my Limit Buy is filled @ 465p keep up gf, Mike740, purple etc etc :0)

goldfinger - 02 Dec 2014 12:47 - 285 of 470

AND ANOTHER.......someone on the job here whos got some push.......

Tuesday tips round-up: Iron ore miners, Aberdeen Asset Management

Tue 02 December 2014 09:27 | A A A
No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Iron ore miners may be facing much the same dilemma as OPEC is, when trying to force high-cost producers out of the market. Although plummeting crude prices may force some smaller tight oil producers to stop producing for a time, the well infrastructure and technology, once developed, will remain. Indeed, creditors who take over bust shale operators and wish to maximise their cash recovery may not be dissuaded by the price falls.

Similarly, the big miners who keep shovelling iron ore out of the ground may see only limited success in forcing smaller competitors out. Even if an operation is shut, as African Minerals decided to do on Monday with one mine, the infrastructure will continue to be in place should prices revive, writes the Financial Times's Lex column.

Things seem to be looking up for Aberdeen Asset Management. The firm's decision to acquire Scottish Widows Investment Partnership (SWIP) in April seems to have been well-timed. It may help to rebalance the business towards UK equities. As well, the emerging markets in which it has 25% of its assets invested should benefit from the decline in oil prices, the company's chief executive believes. In particular, an improved economic performance may help to staunch the outflows from assets invested in those markets during the year to September.

To take note of, as regards possible risks, Aberdeen has accumulated an 8% stake in Standard Chartered, which is equivalent to a large bet that a much-feared rights issue will not materialise. Most significantly, come spring the fund manager will have a surplus of cash on its balance sheet relative to regulatory requirements. Hence, some sort of share buy-back would seem to be on the cards.

Trading on 13 times' this year's profits the stock is "worth a buy" for the long-term prospects, says The Times's Tempus.

goldfinger - 02 Dec 2014 12:48 - 286 of 470

hmmmmmmm a share Buy Back .......I like those not sh-ty special premiums where the MMs mark it down just like a normal divi, cheating so and sos.

goldfinger - 02 Dec 2014 12:59 - 287 of 470

Aberdeen Asset Management reports a 62% rise in assets under management
Aberdeen Asset Management | 01 December 2014

http://www.hl.co.uk/shares/shares-search-results/a/aberdeen-asset-management-ord-10p-shares?tab=security_research

goldfinger - 02 Dec 2014 13:01 - 288 of 470

from above.......

" For now, market consensus opinion presently points to a buy".

goldfinger - 02 Dec 2014 13:56 - 289 of 470

ADN

Beaufort Securities............BUY

Their View:

Aberdeen Asset Management (ADN.L, 457.50p) - Buy

Aberdeen Asset Management announced its results for the year ended 30th September 2014. Net revenues increased 4% y-o-y to £1.12bn thanks to a higher recurring fee income which offset the decline in performance fees. Underlying operating profit, before amortisation of intangible assets and the one-off acquisition and integration costs, inched up 2% to £490.3m for the year. However, diluted EPS fell 4% y-o-y to 31.1p from 32.5p in the last year. Aberdeen’s Assets under management (AuM) increased by 62% y-o-y to £324.4bn following the acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds in March. The SWIP acquisition added nearly £135.0bn of assets. The Board announced a final dividend of 11.25p per share, resulting in full year dividend of 18.0p.

Our view: Despite a challenging environment, Aberdeen delivered robust performance. The company’s cash position improved to £653.9m as of 30th September 2014 from £426.6m over the same period last year. The acquisition of SWIP played a pivotal role and is already beginning to deliver cost synergies. In fact, Aberdeen’s strong cash flows and financial stability allowed the board to recommend a 12.5% increase in the final dividend. Going forward, given the strong financial position, and a broadened and enhanced range of products, we retain our Buy rating for the stock.


goldfinger - 05 Dec 2014 11:01 - 290 of 470

Carson carson whats the price, carson whats the price. he he

Chris Carson - 05 Dec 2014 11:10 - 291 of 470

gf, gf no surprise, gf no surprise :0)

goldfinger - 05 Dec 2014 11:55 - 292 of 470

Carson carson get some bought, Carson get some bought.

PS, chris take a good look at STOB.........last years TCG........no kidding.
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