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.

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.

Place your bets, breakout above 340p or back to 300p?

JP Morgan target 360p looks odds on here.

Borrowed from across the road. Checked out Scottish papers this am I can't find anything to back this rumour up.

Credit Suisse or Mitsubishi UFJ?


Aberdeen Asset Management has hotly denied reports that it is up for sale.

A financial news website last night claimed that Aberdeen chief executive Martin Gilbert had made “informal approaches” to rivals to buy the firm which is facing challenging markets in the wake of the economic slide in China.

But a spokesman for the firm was very clear in its denial. He said: “In his 32 years running Aberdeen, Martin Gilbert has never made a formal or informal approach to anyone about buying the business.”

Analysts at broker RBC Capital Markets were also quick to rubbish the claims, which appear to have been based on a few unnamed sources who had requested anonymity.

In a note to investors, Peter Lenardos, managing director at RBC, acknowledged the firmwas “in a weak position, hampered by ongoing net outflows that are having an adverse impact on profitability”. But he said a sale process “would be an admission of failure”, adding that Aberdeen was a “well run company”.

“We do not assign much credibility to this article,” he wrote. “We believe that CEOs routinely meet with industry participants to discuss ways to maximise shareholder value, and that no formal sale process is underway.”

The unnamed sources claimed one potential buyer could be Credit Suisse, which sold its asset management business to Aberdeen seven years ago, leaving it with a stake in the UK asset manager which it later sold.

Mr Lenardos noted: “The article fails to name Mitsubishi UFJ – Aberdeen’s largest shareholder – as a potential suitor.
“If Aberdeen were for sale, they would likely receive the first call in our opinion.”

Aberdeen has been hit in recent months by the turmoil in emerging markets, where a large proportion of its investment portfolio is focused.

hxxps://www.pressandjournal.co.uk/fp/business/north-of-scotland/733056/reports-aberdeen-asset-management-is-up-for-sale-are-strongly-denied/

hxxp://www.lse.co.uk/AllNews.asp?code=akkxd7tt&headline=PRESS_Aberdeen_Asset_Management_Sounding_Out_Possible_Suitors__FT

Aberdeen's shares soar on takeover hopes
The investment manager has denied that its boss Martin Gilbert has ever approached rivals about a tie-up

By Marion Dakers, Financial services editor11:27AM GMT 26 Oct 2015 Comments3 Comments
Aberdeen Asset Management has denied reports that its founder Martin Gilbert has been sounding out potential suitors for a takeover of the investment group, which has come under pressure from the rout in emerging markets.
Aberdeen shares rose more than 7pc in early trading before settling almost 3pc higher, sending it to the top of the FTSE 100 leaderboard, as the market reacted to the idea that the company is in play.

Before this jump, Aberdeen’s shares had fallen almost 19pc this year as investors withdrew funds from its Asia-focused strategies
The FT reported on Sunday that Mr Gilbert, who has led the firm since its foundation in 1983, was approaching rivals to explore a possible takeover.
However, a spokesman said that the chief executive “has never approached anyone, formally or informally, about buying the business”.
Mr Gilbert has seen the company through several stock market cycles and kept the firm solvent during the split capital investment scandal of the early 2000s, in which tens of thousands of investors lost money in “low risk” strategies.
The scandal saw Mr Gilbert lambasted by MPs as a “sophisticated snake-oil salesman” as Aberdeen's shares lost 97pc of their value, in a period that reportedly brought him to the brink of resignation.
Like peers such as Ashmore’s chief executive Mark Coombs, Mr Gilbert’s presence through thick and thin turns a takeover into a matter of personal pride. Their own legacy is tied up in the success of the companies, applying pressure on them to leave on a high, rather than sell the firm in distressed circumstances.
RBC Capital Markets analyst Peter Lenardos said he “would be surprised if Aberdeen sold from a position of weakness, which we believe it is currently in”.
“We believe that selling now would be an admission of failure, and that a potential buyer would clearly understand the challenges that Aberdeen is facing and reflect that in its determination of value for the company,” he said.
Nevertheless, analysts have pointed out several catalysts that could drive asset managers to consolidate, despite the strong personalities within these firms that can make them difficult to merge. Sovereign wealth funds, having spent a decade or so handing massive mandates to asset managers, are now bringing more of their money in -house. An FCA review into asset management fees is due to report early next year
Some of the increase in Aberdeen's share price on talk of a possible takeover could be driven by short-sellers, who have loaned out just under 10pc of Aberdeen’s market value, buying up shares to close out their positions after almost a year building profits in their trades.
Aberdeen’s assets under management have descended from record-breaking highs in late 2014, despite a series of acquisitions, in the wake of the emerging market turbulence.
The company spent £650m on SWIP from Lloyds, adding property and other UK investment services to its roster, and has made a series of smaller acquisitions including the recently-announced purchase of a frontier markets investment firm.
Aberdeen is yet to pull the trigger on a share buyback that was announced last December, and spooked some investors over the summer by issuing £100m-worth of preference shares to Mitsubishi UFJ.
Mitsubishi, which is Aberdeen’s biggest shareholder with a 17.2pc stake, did not immediately respond to a request for comment.
In a recent trading update, the firm said its assets under management had dropped £23.3bn to £307.3bn in the three months to the end of June, as clients withdrew from Asia-focused investments and a rout in many emerging markets wiped off value.
The company had two-thirds of its £107.6bn equity portfolio in either Asia Pacific or emerging markets at the end of 2014, leaving the group exposed to the panicked sell-off that gripped the Chinese stock market and other emerging markets during the summer.
"It's not fun watching money go out, [but] this is just the other side of a cyclical business," said Mr Gilbert after the update in July.



comments
Yeh wanted Scotland to vote yes for independence then wants to sell out to foreign rivals, talk about ironic, not very patriot or loyal to Scotland is he, just how would Scotland survive if it sells everything to foreign countries and does and owns nothing itself.

Kick the SNP out, scrap half baked federalism and scrap countries of the UK. Just have 1 country called Great Britain and stop all this nonsense. Wales, England, Scotland and NI should be regions of Great Britain

Martin Gilbert was pushing for Scotland to break away. If he's scared of investors pulling out money after China crisis then imagine what would've happened had Scotland voted to break from the union.

I did not wait for China crisis to pull my money out of Aberdeen. I did it before the Scottish referendum and I'm not coming back, Martin.

Second time 360p breached, providing market doesn't implode and can remain above, next target resistance 380p.

370p breached.

Out 367.5 left buy order on spreads @ 371p

Final Results http://www.moneyam.com/action/news/showArticle?id=5163113

Final Results

Released : 30 Nov 2015


RNS Number : 2853H

Aberdeen Asset Management PLC

30 November 2015










ABERDEEN ASSET MANAGEMENT PLC

RESULTS FOR THE YEAR TO 30 SEPTEMBER 2015 (AUDITED)





Highlights



· Net revenue is up 5% to £1,169.0 million (2014: £1,117.6 million)

· Underlying profit before tax increased to £491.6 million (2014: £490.3 million)

· Continued strong year-end cash position of £567.7 million

· Final dividend of 12.0p per share (2014: 11.25p), making 19.5p for the full year (2014: 18.0p)

· AuM £283.7 billion (2014: £324.4 billion) reflecting negative sentiment towards Emerging Markets

· Product diversification and cost discipline progress in line with strategy

Just said that..you blind or what

Just putting up the highlights Stanley, you know it makes sense :o)

Little respite from emerging market pressure for AAM

Read more: http://www.scotsman.com/business/management/little-respite-from-emerging-market-pressure-for-aam-1-3962943#ixzz3t5qG45d0
Follow us: @TheScotsman on Twitter | TheScotsmanNewspaper on Facebook



The chill winds from emerging markets show few signs of easing soon, Aberdeen Asset Management (AAM) admitted yesterday, as the fund manager posted flat profits and its tenth consecutive quarter of an outflow of funds.

Unveiling annual pre-tax profits of £491.6 million against £490.3m, AAM chief executive Martin Gilbert said: “The cyclical correction in Asian and emerging markets and resulting negative investor sentiment has, as expected, led to further outflows from our equities business.”


However, Gilbert said that, while “the current weakness may have some way to run” he believed that the argument for investing in high-growth emerging economies remained “compelling for patient investors”.





AAM’s assets under management at the end of its financial year on 30 September totalled £283.7 billion, compared with £324.4bn in the year-ago period. Net equities’ outflows lifted from £13bn in 2014 to £16.4bn in the latest financial year.



The fund manager said this was exacerbated by a number of sovereign wealth funds cutting their market exposure in response to the low oil price.

The company has been diversifying its portfolio to reduce its exposure to emerging markets (excluding Asia), which now stands at about £26bn compared with £40bn three years ago.

Bill Rattray, AAM’s finance director, said: “We are still saying they will be quite volatile for a while, although maybe sentiment is just beginning to improve. It’s impossible to call the markets. I suspect it will be geared to when is the first Federal Reserve interest rate rise. It could go either way.”

On further potential outflow of funds from AAM, the finance director said it was difficult to predict but there was potential for further asset haemorrhaging “in the next two quarters”.





AAM completed a number of acquisitions in the financial year, the most notable being the Scottish Widows Investment Partnership (SWIP) deal.

Rattray said there had been about £50m of cost synergies achieved from the integration of SWIP, which included 150 job losses out of a headcount of 3,000.

He added that the fund manager would continue to focus on cost saving to protect profit margins in 2016, but it was expected to be mainly focused on back office and support operations. “We have not put a headcount number on it,” he said, regarding possible future potential job losses, but suggested it was likely to be much lower than the numbers lost in the past year.

AAM’s involvement in the takeover scene, and buffeting from the extended emerging market downturn, has led to some analysts to suggest it might be a takeover target itself.

“I guess you could argue that it is always possible to be seen as a target, but our job as management is just to get on and run the company,” Rattray said.

A final dividend of 12p makes a total payout for the year of 19.5p – up 8.3 per cent.

Been in this range since beginning of September, if it's going to bounce 300p (ish) has been consistant. Not sure how a US interest rise will affect SP. History would suggest that IF we get a Santa rally it performs. Place your bets.

With low and probably lower oil prices, Soveriegn Wealth Funds are having to withdraw deposits to meet ongoing budget needs - i.e. Saudi Arabia etc etc

With the new UK pension regulations I have just withdrawn the 25% of my pension fund tax free and will be drawing down the taxable amounts as best I can.

These stormy seas are very bad news for fund managers, and most of them can not even attain the performances of our indexes.

Probably best to keep out of Aberdeen A M and Mann Group etc, as assets under management may take some time to be rising again.

I suspect we shall soon see some mergers and take overs in this sector