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.

rekirkham - I agree if the level highlighted above is taken out then next support is 280p so as a trade short is obvious. However, who knows if sentiment suddenly changes remote as that may seem especially in the remaining summer months, best to be on the sidelines.

Not sure what is happening here have posted two posts neither of which seem to have registered.

Chris, there's a bit in the link in post 92 on the RDSB thread

Thank's skinny.

Bears have smashed through support @ 330p. If slide continues, I'm not betting against it (yet) and 300p goes next target for the bears possible support @ 280p. Would hope there will be some form of relief rally in the markets in the meantime on sidelines watching. This too shall pass :0)

See also Post 962 at: http://www.moneyam.com/InvestorsRoom/posts.php?tid=17757#lastread

Thanks Exec, yes I saw that. Grim doesn't cover it.

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Aug Numis 410.00 Hold
28 Jul Barclays... 400.00 Equal weight
24 Jul Canaccord... N/A Hold
24 Jul Liberum Capital 437.00 Buy
24 Jul Cantor... 465.00 Buy
24 Jul Barclays... 485.00 Equal weight
24 Jul Jefferies... 405.00 Hold
24 Jul JP Morgan... 415.00 Neutral
23 Jul Numis 440.00 Hold
23 Jul Cantor... 520.00 Buy
Broker Recommendations for Aberdeen Asset Management


Unusual, despite the fall that no broker recommendations either way have been added since 4th August.

Having another crack at breaking 320p. Headache!

The saving grace is its yield, and in the market as choppy as they are at the moment, what are better.
projected earnings seem borderline, but guess work says up. It may be for a bounce. (when?)

I am lucky I sold out at a slight profit + yield in April and May.

For some reason I have it on Watchlist, the chart looks to be bottoming out ? 285.

It is a b, of a market.

The saving grace is its yield, and in the market as choppy as they are at the moment, what are better.
projected earnings seem borderline, but guess work says up. It may be for a bounce. (when?)

I am lucky I sold out at a slight profit + yield in April and May.

For some reason I have it on Watchlist, the chart looks to be bottoming out ? 285.

It is a b, of a market.

I'm hoping 300p was the support, but wtfdik.

If sp can close above 330p hope springs eternal.

Somebody should be feeling a little happier to-day!

Fred - So far so good, but in two minds whether to take profits on not just this one tomorrow, who knows how those crazy yanks will react to whatever the Fed decides at 7pm Eastern. Fingers crossed favourably.

LATEST BROKER VIEWS

Date Broker New target Recomm.
16 Sep JP Morgan... 360.00 Neutral
4 Aug Numis 410.00 Hold
28 Jul Barclays... 400.00 Equal weight
24 Jul Canaccord... N/A Hold
24 Jul Liberum Capital 437.00 Buy
24 Jul Cantor... 465.00 Buy
24 Jul Barclays... 485.00 Equal weight
24 Jul Jefferies... 405.00 Hold
24 Jul JP Morgan... 415.00 Neutral
23 Jul Numis 440.00 Hold
Broker Recommendations for Aberdeen Asset Management


JP Morgan first to have a crack since August. Albeit target price reduced from 415 to 360p I'll take that. In the meantime stop moved to 329p on only SB I have left open.

Stopped out intraday. Thanks Janet :0)

Back on watch list.

Aberdeen Defies China Slowdown With Key Deal
The FTSE-100 fund manager will sign an agreement to expand its presence in the world's second-largest economy, Sky News learns.

By Mark Kleinman, City Editor

Aberdeen Asset Management is to become the first British fund manager to gain a key licence from Beijing to operate on the Chinese mainland just weeks after turmoil in Shanghai's stock markets hit the FTSE-100 group's shares.

Sky News has learnt that Aberdeen will sign a deal with Chinese authorities next week as part of a trade mission led by George Osborne, the Chancellor, and Sajid Javid, the Business Secretary.

Treasury insiders said that Aberdeen's business in China would become incorporated as a Wholly Foreign-Owned Enterprise (WFOE), which will give the British company a more robust platform to grow its presence in the world's second-largest economy.

As part of the deal, it is expected to open a full office in Shanghai to supplant the representative presence it has there now, and will gain greater freedom to publish research on companies listed on the mainland's equity markets.

Alex Boggis, Aberdeen's head of Greater China, is expected to sign the agreement on Tuesday, according to a source with knowledge of the itinerary.

Aberdeen's exposure to emerging markets has spooked investors in recent months, with net outflows reflecting a desire to divert assets to developed world economies.

Last month's slump in the so-called A-share market in China sparked panic-selling in London and New York amid fears that Chinese economic growth may be much lower than official data suggests.

Aberdeen has nearly one-third of its clients' assets invested in emerging markets and the broader Asia-Pacific region, with the exception of Japan. Roughly 5% of clients' assets are invested in Chinese companies through Hong Kong-listed shares.

Martin Gilbert, Aberdeen's respected chief executive, has continued to reaffirm his commitment to the group's strategy, insisting that its exposure to faster-growing markets will pay off over the long term.

Mr Gilbert is also a director of Sky plc, the owner of Sky News.

Aberdeen has seen its shares fall by nearly a quarter during the last year, but it has continued to be acquisitive, buying Advance Emerging Capital, a specialist investment manager, earlier this week.

The Aberdeen deal will be one of a number struck during the Chancellor's visit, with companies including Barclays, Deloitte, HSBC and Standard Life all represented on the trip.

Mr Osborne said on Friday:

"I want us to forge closer economic and cultural links with China. Our partnership for growth, reform and innovation is helping to deliver record levels of investment and trade in both directions, but there is much more we can do.

"This trip is all about exploring new opportunities to open up new markets to benefit both economies."

In a statement, the Treasury added that the Chancellor would argue that "far from backing away from China after the events of the summer, Britain aims to increase cooperation and understanding between the two countries and open up billions of pounds of potential opportunities between what remains the world's fastest growing major economy and the UK".

An Aberdeen spokesman declined to comment on Saturday.

Testing 300p support PDQ, if that goes 285 -280p distinct probability.