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.

"In my post above I can't believe I put 'there' instead of 'their'.
2517"

Nor can anyone else on this bored so I woodn't worrie about it...

I don't hold ADN, but am always on the lookout for high yielding stocks. However, apart from the 6.5% projected yield for 2016, there are only 2 brokers of the 17 quoted which are bullish on the stock, the EPS growth figure is -24% for 2016 and surely if the sp continues to decline the divi may be under threat?
Hopefully someone has a counter argument .............. though the 'It's cheap so may be open to a bid' is very speculative?

A bit more meat on the Barclays note:
"More than just an EM play – Downgrading to UW: The Aberdeen share strongly underperformed in 2015, down 33% vs the avg UK Asset Manager in our coverage universe +16%. It is tempting to view the share as solely a macro call on EM sentiment.
However, we highlight that significant other areas remain vulnerable to outflow risk. This would include the underperforming Global Equities desk, HY in Fixed Income, the SWIP life book and the Multi-Asset area of Aberdeen Solutions. We forecast a slowing of group outflows to £20bn in FY16 (from £34bn in FY15) but believe that risks are to the downside. With a significantly lower asset base in 2016 yoy, revenue declines of - 13% yoy are projected. Cost rationalization plans appear modest in response. The share is trading at 12.6x calendar 2016 PE for a projected 25% decline in EPS yoy. In the light of this negative earnings momentum and outflow risk, we downgrade the stock to Underweight, new target price 250p from 350p. The reduction in PT reflects lower EPS estimates and a lower chosen 2016 PE multiple of 11x (from 11.5x previously).
2/3 of stock of AUM in areas of outflow risk: Aberdeen’s flow outlook is not just at risk from macro EM sentiment, in our opinion. We highlight in 2015 there have been significant outflows from Global Equities (£6bn) and the Multi-Asset area of Aberdeen Solutions (£7bn). In total we identify ~£191bn or 2/3 of Aberdeen’s stock of AUM as concentrated in areas of significant outflows in 2015, and sentiment into 2016 still appears negative. This suggests outflow risk is firmly to the downside.
Limited cost cutting response: Management identified £50m of potential cost saves to offset the downwards pressure on management fees from lower average AUM base. However, precise details on these savings were lacking and management asserted they would be heavily back-loaded into 2017. This suggests operating margins are likely to significantly decline in 2016 - we project down to 37% (from 42% in FY15). 8% downgrade to 2016E EPS: Our forecast changes cause an 8% cut to 2016E EPS to 22.5p and 6% to 2017E to 24.2p. We are now forecasting a 25% decline in EPS yoy in FY16, then a 7% recovery in 2017. The share is trading at 12.6x calendar 2016E PE or 6.7% yield, although DPS cover looks thin for FY16. Our preference amongst the Asset Management names is our top sector pick Henderson (OW, PT320p)."

I'm not in either (yet), I would like to see the directors buying back in, Martin Gilbert CEO and with the co since 1983; Bill Rattray FD with co since 1985 both sold the vast majority of their shares 12 months ago (Dec 2014) @ 461p as did Andrew Laing. No purchases since then by these 3 directors.
2517

Thanks for that HARRYCAT very helpful.
2517

All sadly negative, imo.......especially the phrase 'operating margins are to significantly decline in 2016'.

Yes I don't want to get sucked in by the lure of a juicy divi at the expense of capital.
2517

I still hold a few for the divi and an outside chance of a bid. Good trading stock, the bears have it for now and heading for 240p.

LATEST BROKER VIEWS

Date Broker New target Recomm.
5 Jan Barclays... 250.00 Underweight
7 Dec Peel Hunt 420.00 Buy
1 Dec Beaufort... N/A Buy
1 Dec Exane BNP... 260.00 Underperform
1 Dec Jefferies... 286.00 Hold
1 Dec Citigroup 300.00 Neutral
1 Dec Barclays... 350.00 Equal weight
1 Dec JP Morgan... 315.00 Neutral
30 Nov Numis 320.00 Hold
30 Nov Peel Hunt 420.00 Buy
Broker Recommendations for Aberdeen Asset Management

One for the watch list over next 3-4months.

I see a director has bought today.

This one :-BFN

Richard Mully, Non Executive Director, bought 10,000 shares in the company on the 6th January 2016 at a price of 266.80p. The Director now holds 60,000 shares representing 0.00% of the shares in issue.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

This one :-BFN

Richard Mully, Non Executive Director, bought 10,000 shares in the company on the 6th January 2016 at a price of 266.80p. The Director now holds 60,000 shares representing 0.00% of the shares in issue.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Aberdeen Asset Management picks up Liverpool's Albert Dock for £43m
The Albert Dock is a Unesco heritage site and the home of Tate Liverpool, and is central to the city's huge regeneration efforts.

By Isabelle Fraser, Property correspondent1:49PM GMT 08 Jan 2016 CommentsComment
Aberdeen Asset Management has purchased Liverpool's historic Albert Dock for £43m.
The dock, which is central to the city's regeneration efforts along the waterfront, has become a tourist magnet with more than six million visitors every year.
Albert Dock is just over one mile away from where derelict homes were sold to families by Liverpool City Council for just £1.
The complex, which is a Unesco heritage site, includes the Tate Liverpool and the Maritime Gallery, and is where the Richard and Judy show was broadcast in the 1980s and 1990s.


The former working dock, built in the 1840s at the peak of Liverpool's shipping success, was renovated from dereliction by Arrowcroft in the early 1980s.
It is home to the largest collection of Grade I-listed buildings in the country.
The deal includes 400,000 square feet of both commercial and residential property, including hotels, shops and museums, such as The Beatles Story. Aberdeen Asset Management has bought the site for £42.75 million from The Albert Dock Company, a subsidiary of Arrowcroft.


Nicholas Hai, chairman of Arrowcroft, said: “We take great pride in having restored these magnificent historic buildings and, in so doing, led the regeneration of Liverpool’s waterfront and created an attraction that has global recognition. It is now listed by Unesco as a World Heritage site.
"After 33 years under our ownership we recognise that it is time to move on and it is pleasing that its future will be in the hands of a highly respected Institution. We wish Aberdeen well in their stewardship of this development and into the next chapter of Albert Dock.”


Robert Cass, head of UK Property Transactions at Aberdeen, said: “We are delighted to have acquired this historic development on behalf of our clients.
"The outstanding environment and strong sense of place, coupled with the ongoing growth and development in the City, offer a compelling opportunity.
"We commend Arrowcroft for their vision and dedication to restoring the development and very much look forward to working pro-actively both with Gower Street Estates and other stakeholders in promoting and furthering the wider Albert Dock and Waterfront areas.”

Soooo glad I wasn't tempted to buy these for the dividend. I think I prefer UEM now anyway.
2517

Chances are probably slim to none but, if we do get a dead cat bounce gap to fill @ 270p.

StockMarketWire.com

Aberdeen Asset Management's assets under management rose to GBP290.6 billion at the end of December - up from (GBP283.7 billion at the end of September.

The group also announced that chairman and non-executive director Roger Cornick intends to retire from the board at the end of this financial year on 30 September 2016. He will be succeeded as chairman by Simon Troughton, who is currently the senior independent non-executive director.

Aberdeen saw net outflows of GBP9.1 billion (quarter to 30 September 2015: GBP12.7 billion).

Other highlights:

- Arden and Advance acquisitions were completed during quarter and Parmenion completed in early January

- Flows outlook remains difficult and market volatility continues

- Additional cost savings have been identified and will be implemented in late 2016 and 2017

Chief executive Martin Gilbert said: "During the quarter we added to the business further, completing the acquisitions of Arden and Advance, followed by Parmenion in early January. Like the rest of the industry we continue to contend with the structural imbalances of the global economy and the cyclical slowdown in emerging markets, as well as the impact of falling oil and commodity prices. Despite the day-to-day fluctuations in investor sentiment we remain focussed on those issues that we can control. We are committed to our fundamental approach to investing, managing the business efficiently with a keen focus on costs and most of all striving to deliver the long-term returns that our clients and shareholders have come to expect from Aberdeen.

"Our increasingly diversified business model and strong balance sheet mean we are well placed to navigate the current difficult market conditions offering a wide range of investment capabilities for investors."

Wee gap closed, can it push on upwards from here?

Looks to me like the only way they are getting much "growth" is by buying in "growth". i.e buying other Fund Managers, this is what MAN were / are doing.
This may sound OK, but it slowly dilutes the equity base.

I like Financials generally but I think Banks may be the Financials to buy into now. Give Barclays and RBS another six months of stress and reorganization then they may start to recover. UK Govt also wants to sell its Lloyds shares.

RBS is valued at a large discount to its assets now, and may be the one to take a punt on.
It will not be allowed to fail I believe, and Gov wants a higher price