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.

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

In the meantime rk, I'll just keep moving my stop up :0)

Morning 2507GEORGE if you are looking in, re UEM know very little about them so need to do some research when I get the chance. Interesting chart, has broken out of a sideways move since last August. Have you traded them before or own a few?

Morning Chris UEM is an investment trust and is a play on emerging market infrastructure and an alternative to ADN. They were recommended by David Stevenson in Moneyweek mag (8th Jan 16) and they've done well since.

As for ADN they've come back strong and now I wish I had got sucked in for the divi, (posts 422 & 431). Ha! Ha!
2517

2517 thanks for that, early doors yet for emerging markets generally but we live in hope :0)

For my records re post 435
Adn closed 289.30 on 14/3/16
RBS closed 232.20 on 14/3/16
EMG closed 152.10 on 14/3/16

rekirkham - Not sure what your point is? Let's go back to my post 432 0n 22/01 ADN SP 220p. Check out post434 on 03/03. Err job done wouldn't you agree. I personally have no interest in RBS but if you want to be pedantic check out SP on 22/01 to date.

You may well be right that RBS going forward may be a better punt than ADN but today I still prefer ADN :0)

Taken some profit on ADN, RBS chart continues to be a basket case some support at 220p.

ADN 253p - probably well oversold for today - one to watch now for a bounce back sometime soon ?

220p needs to hold otherwise lower would be my guess. Watching

ADN 240p support.

Aberdeen Asset Management PLC announces its interim results for six months to 31 March 2016
03 May 2016 - Group
Financial highlights

Net revenue £483.6 million (-20%)
Underlying profit before tax £162.9 million (-40%)
Underlying earnings per share 9.6p (-41%)
Interim dividend per share unchanged at 7.5p
AuM £292.8 billion
£70 million of annualised cost efficiencies to be delivered during 2017
March 2016 March 2015
Net revenue £483.6m £605.2m
Underlying results: before amortisation and acquisition-related items
Profit before tax £162.9m £270.2m
Diluted earnings per share 9.6p 16.2p
Statutory results
Profit before tax £98.8m £185.4m
Diluted earnings per share 5.4p 10.7p
Dividend per share 7.5p 7.5p
Core operating cashflow £114.3m £227.4m
Gross new business £21.5bn £23.4bn
Net new business -£16.7bn -£11.3bn
Assets under management at period end £292.8bn £330.6bn
Martin Gilbert, Chief Executive of Aberdeen Asset Management PLC commented:

“These results reflect the challenging conditions Aberdeen has faced during the past three years, in particular the weakness in emerging markets. However our balance sheet strength has allowed us to continue to invest in the business, including the completion of a number of bolt-on acquisitions which have added new capabilities and new client channels. We have strengthened the management team with senior appointments in distribution and operations. Our broad product suite and global distribution platform means we are well placed to meet the long-term needs of an ever increasing number of investors around the world."

Management will host a presentation for analysts and institutions today at 09:30 (UK) to be held at the offices of Aberdeen Asset Management, Bow Bells House, 1 Bread Street, London EC4M 9HH. The event will also be available to view via a live webconference.

To register please use the following weblink: http://edge.media-server.com/m/p/zzud3n75

LATEST BROKER VIEWS

Date Broker New target Recomm.
3 May Numis 295.00 Hold
3 May Liberum Capital 262.00 Hold
3 May Peel Hunt 330.00 Add
3 May Cantor... 270.00 Hold
29 Apr Societe... 240.00 Hold
26 Apr Citigroup 265.00 Sell
18 Apr RBC Capital... 275.00 Underperform
13 Apr Goldman Sachs 294.00 Neutral
11 Apr Jefferies... 243.00 Hold
8 Apr Exane BNP... 225.00 Underperform
Broker Recommendations for Aberdeen Asset Management

Broker Forecast - JP Morgan Cazenove issues a broker note on Aberdeen Asset Management PLC

BFN

JP Morgan Cazenove today reaffirms its neutral investment rating on Aberdeen Asset Management PLC (LON:ADN) and raised its price target to 275p (from 245p).

Story provided by StockMarketWire.com

Broker Forecast - Jefferies International issues a broker note on Aberdeen Asset Management PLC

BFN

Jefferies International today reaffirms its hold investment rating on Aberdeen Asset Management PLC (LON:ADN) and raised its price target to 253p (from 243p).

Story provided by StockMarketWire.com