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.
Chris Carson
- 15 Apr 2015 09:36
- 343 of 470
Bubble fears rattle fund managers
A quarter of fund managers polled by Bank of America Merrill Lynch said equities are overvalued
By Ben Martin7:07PM BST 14 Apr 2015 Comments4 Comments
On the same day that British shares edged back towards a record high, a closely-watched survey of fund managers around the world showed fears are growing that a bubble has formed in equities.
A quarter of the 145 investors polled by Bank of America Merrill Lynch earlier this month said stock markets were overvalued, compared with a net 23pc in March and just 8pc in February.
This month’s reading is the highest since 2000, when the dotcom bubble burst, although it is some way short of the record touched in 1999, when a net 42pc of investors thought that stock market valuations were overstretched.
Still, worries are growing, with 13pc of fund managers overseeing $392bn (£265.1bn) in assets now regarding bubbles in equities as the largest tail-risk, BoA found. Similar concerns pervade the debt markets, the investment bank said on Tuesday, with a net 84pc of respondents - a new all-time high - believing that bond market valuations are too high.
The ultra-loose monetary policies pursued by central banks around the world in recent years have seen investors pour money into financial markets. The launch of European Central Bank quantitative easing earlier this year sent shares in the eurozone surging to record highs and government bond yields, which move inversely to prices, slumping into negative territory.
In the US, the Federal Reserve has not raised interest rates since 2006 and Janet Yellen, the chair of the central bank, has said the timing of a hike would depend on economic data. American retail sales figures for March, released on Tuesday, showed a 0.9pc increase, which was weaker than had been expected. That helped the Dow Jones Industrial Average, which hit an all-time high of 18,288 last month, trade back above the 18,000 level.
In London, mining shares, which fell sharply on Monday, rallied and lent support to the wider market, with Anglo American, BHP Billiton and Antofagasta gaining 40.8p to £10.39½, 43½p to £14.59½ and 21p to 743p respectively.
The gains helped the FTSE 100 advance 10.96 points to 7,075.26, just shy of the 7,089.77 record closing high hit on Friday.
Oil and gas stocks - including engineer Weir Group, up 91p at £18.80, and Royal Dutch Shell’s B shares, 20½p better at £20.86 - were buoyed by rising crude prices. Tullow Oil, which was demoted to the FTSE 250 last month, rose 29.1p to 368.6p after receiving an additional boost from Citigroup analysts, who turned positive on its shares. The Africa-focused exploration company’s stock has tumbled 57pc in the past 12 months, hit by worries the slump in oil prices will stretch its finances and an ongoing maritime boundary dispute between Ghana and Ivory Coast will delay its Tweneboa-Enyenra-Ntomme (TEN) oil project.
The Citi analysts said both of those concerns were now “more than discounted in the current valuation, with shares trading below our core net asset value of 354p”.
Given Tullow stock is now on an “attractive valuation”, they upgraded to “buy”.
The same went for fellow mid-capper Enterprise Inns (ETI), which was 6.2p higher at 116.7p after well-followed analyst Geof Collyer at house broker Deutsche Bank told clients that the share price had the potential to double.
Investors in the pub sector have been rattled recently by the Government’s move to end the beer-tie. ETI will outline its “strategic response” to the changes on May 12 and will ultimately become a stronger business, despite the shake-up, the analyst reassured investors.
“We think that the potential changes should convert ETI into a more proactive, commercially-minded property manager that could also encompass a partially-owned real estate investment trust and a managed pub division alongside the traditional tenanted estate,” Mr Collyer predicted.
Fund manager Aberdeen Asset Management was among the heaviest blue-chip fallers, sliding 12.7p to 493.8p amid concerns that outflows from its equity products had accelerated. Ahead of half-year results on May 5, RBC Capital Markets analyst Peter Lenardos cut his recommendation on the shares to “underperform” and forecast that investors in its equity funds withdrew a net £1.9bn in the second quarter, up from £900m in the first.
Although only 31pc of Aberdeen’s assets under management are allocated to global, Asia-Pacific and emerging market stocks, “because equities have a higher revenue margin, we believe that these three equity themes comprise over 60pc of Aberdeen’s revenue, and a higher portion of Aberdeen’s profit”, the analyst estimated.
Chris Carson
- 15 Apr 2015 09:38
- 344 of 470
LATEST BROKER VIEWS
Date Broker New target Recomm.
14 Apr RBC Capital... 455.00 Underperform
Chris Carson
- 17 Apr 2015 21:22
- 347 of 470
Just as stock mirrored UKX going up, would appear ditto going down on sidelines till apparent how far.
Chris Carson
- 23 Apr 2015 06:44
- 348 of 470
LATEST BROKER VIEWS
Date Broker New target Recomm.
23 Apr Liberum Capital 517.00 Buy
22 Apr Jefferies... 530.00 Hold
Chris Carson
- 28 Apr 2015 16:30
- 349 of 470
I'm thinking 450 455ish to go back in long on the spreads.
Chris Carson
- 05 May 2015 11:08
- 350 of 470
Still thinking, outflows obvious concern.
LATEST BROKER VIEWS
Date Broker New target Recomm.
5 May Numis 490.00 Hold
5 May Cantor... 520.00 Buy
5 May Liberum Capital 484.00 Buy
Chris Carson
- 05 May 2015 12:38
- 351 of 470
Ex -Divi coming up long @ 457p tight stop.
skinny
- 07 Jul 2015 07:48
- 352 of 470
Chris Carson
- 07 Jul 2015 09:30
- 354 of 470
JP Morgan seem to think so. No sense of humour! :0)
LATEST BROKER VIEWS
Date Broker New target Recomm.
7 Jul JP Morgan... 435.00 Neutral
15 Jun Cantor... 520.00 Buy
28 May Cantor... 520.00 Buy
28 May JP Morgan... N/A Neutral
27 May Liberum Capital 493.00 Buy
11 May Societe... 485.00 Hold
6 May Barclays... 485.00 Equal weight
6 May Numis 470.00 Hold
6 May Morgan Stanley 395.00 Underweight
6 May RBC Capital... 440.00 Underperform
Broker Recommendations for Aberdeen Asset Management
Chris Carson
- 09 Jul 2015 11:57
- 356 of 470
Bounced of 380p has sentiment changed?
Chris Carson
- 10 Jul 2015 15:21
- 358 of 470
Stopped out this morn, sitting on my hands for now. Not entirely convinced bounce in both ADN and UKX is not a dead cat even if or when Greece situ is resolved. See what Monday brings. Watching.
Chris Carson
- 13 Jul 2015 08:53
- 359 of 470
Early doors but a no brainer that the spike at the open would't last. Left a buy order @ 405.5 more in hope than expectation tight stop if filled. Earnings week in US and ADN have a trading statement on 23rd.
Chris Carson
- 13 Jul 2015 16:37
- 360 of 470
Just come in from a bowls match. Entry filled stop 398.5 tight.
rekirkham
- 14 Jul 2015 11:09
- 361 of 470
I wonder if looking at charts of past share movements etc, really has any value in trying to predict share price movements for the future. However having said that - it is "nice" to see previous share lows and highs, but I think they tell us little about future lows and highs. Even moving averages and volumes, I do not seem to benefit from, although interesting.
I think watching mining commodity prices for specific mining companies, and NMIX index ( largest 350 companies listed ex finance companies ) may give me an indication on the short term market movements for momentum trading interday and short term.
Chris Carson
- 14 Jul 2015 11:23
- 362 of 470
I can't get my timing right on entries in either direction at mo. Serves me right for going against trend. Probably going to be stopped out again today on low volume.