Down from north of 400p to present 260p.

Odey are short 5%.

I've started buying for recovery and prospect of Odey short covering.

Risky with oil/Russia woes but the dividend is covered and must be nearly 7%.

Bottom perhaps in.......

Going great guns for me. Odey attempting to talk world markets down and he's shorted 6% of ASHM. Squeaky bum time Crispin??

Lovely uptrender now.

Odey short over 6%.

He needs to scaremonger more to get out of this one.

I reckon he is well down on this short.

Start buying back Crispin.

Discovery Capital Management, LLC 1.68%
ODEY ASSET MANAGEMENT LLP 6.32%


£150 million of stock out on loan. No wonder Odey spouting worldwide collapse.

8% of the company's stock out on loan yet they are rising nicely now.....

Ride to 400p.

good solid outlook and increased divi.

Odey in a right pickle here with his huge short.

Going back to 400p now.

Going in the right direction but some catching up to do to get alongside bigger peer Aberdeen asset man. Cracking divi payer though.

Finally breaks the 320p September 2014 price. Head above 320p now. This one is going back to 400p imo.

Nice to see Odey spanked here and with his short Aus $

http://www.investmentweek.co.uk/investment-week/news/2407200/odeys-flagship-fund-tumbles-18-in-april

Probably at least 2 years too early to the party....

A bit of a disaster this one! Used to be a 6% divi payer. I would be very surprised if they can maintain it.

JP Morgan Cazenove today reaffirms its underweight investment rating on Ashmore Group PLC (LON:ASHM) and cut its price target to 215p (from 230p).

Barclays Capital today reaffirms its underweight investment rating on Ashmore Group PLC (LON:ASHM) and cut its price target to 210p (from 230p).

StockMarketWire.com
Ashmore Group's assets under management rose to an estimated $51.3bn in the three months to the end of March - 4% up from the actual $49.4bn at the end of December.

Assets under management increased through positive investment performance of US$3.0 billion and net outflows of US$1.1 billion.

Net outflows were experienced in blended debt, external debt, corporate debt, multi-asset and local currency. Overlay/liquidity had a net inflow and in the alternatives theme, capital was raised into a private equity infrastructure fund in Colombia.

The quarter saw strong returns from Emerging Markets assets as value was recognised and prices recovered from over-sold levels earlier in the period. Investment performance was particularly strong in local currency, as Emerging Markets currencies strengthened against the US dollar, blended debt and external debt. Corporate debt, multi-asset and overlay/liquidity also delivered positive investment performance during the quarter, while the equities theme experienced slightly negative performance.

Chief executive Mark Coombs said: "Markets rallied towards the end of the quarter as some of the headwinds that have affected sentiment and held back returns, such as the falling oil price and strong US dollar, started to recede. There continues to be substantial absolute and relative value available in Emerging Markets, supporting our view that investors should be looking to increase their allocations. In previous cycles, asset flows typically lagged the initial strong recovery in prices and we anticipate a similar pattern in this cycle as investors recognise the breadth of diverse return opportunities across a broad range of Emerging Markets investment themes."

StockMarketWire.com
Ashmore Group's assets under management declined by US$2.4 billion to $54.6bn during the three months to the end of December, comprising negative investment performance of US$1.7 billion and net outflows of US$0.7 billion.

Overlay and blended debt delivered net inflows over the quarter, and flows were neutral in the corporate debt, equities and alternatives themes. Net outflows were mainly experienced in local currency and external debt, and were influenced by a small number of segregated account redemptions and a reduction in mutual fund flows following the US election. The multi-asset theme saw a small net outflow during the period.

The steepening of yield curves and strengthening of the US dollar led to negative investment performance in local currency, blended debt, external debt and, to a lesser extent, in corporate debt and equities, while the other investment themes were flat in performance terms over the period. Despite lower market levels, Ashmore's investment performance relative to benchmarks remained very strong throughout the quarter across all fixed income and equities investment themes.

Chief executive Mark Coombs said: "Emerging Markets produced very strong investment returns in 2016 and delivered a 5% increase in Ashmore's AuM over the calendar year. This was despite the final quarter being impacted by the US election outcome, renewed strength in the US dollar, and a steepening of yield curves. While these factors interrupted the improvement in sentiment towards Emerging Markets, the effect proved to be short-lived with asset prices strengthening in December and continuing into the new year. The combination of attractive absolute and relative returns, accelerating GDP growth, and low allocations all support the expectation of further strong performance in 2017 and a return to the improving flow trend seen for most of 2016."

StockMarketWire.com
Ashmore's assets under management increased by 12% to US$58.7 billion in the year to end of June.

The group said 91% of AuM outperformed benchmarks over one year, 86% over three years and 87% over five years.

Chief executive Mark Coombs said: "Ashmore has delivered strong investment performance for clients and grown assets under management by 12% over the year through positive market performance and net inflows.

"The Group's business model is delivering as expected, with good operating and financial performance resulting in a 31% increase in diluted EPS.

"There remains substantial absolute and relative value available across the diversified Emerging Markets, and Ashmore's focused strategy means it is in a strong position to continue to deliver superior investment performance and to benefit as investors raise their allocations to Emerging Markets from underweight levels."

And the sp goes down! Why?

Morgan Stanley answer to that question:
Despite ~10% net new money during 2H17 (the first inflows since late 2013/early 2014) this has been at lower fee rates, with mgmt fee margins down ~10% H/H. Although MS and consensus forecast fee declines, the extent of declines 2H17 has surprised, which will likely drive consensus downgrades.
Main disappointment is on management fees and, with assets and flows known, is owing to softer revenue margins. 2H17 fee rate of ~50bps is down ~10% H/H as, although the inflows recorded in the period have been into lower-margin institutional segregated mandates (this was known, we and consensus forecast margins to be down), the extent of the decline is worse than expected. Going forward, we model a further ~10% reduction over the next 4 years; however, we expect greater investor concern over the extent and pace of these declines given the new lower start point.
Higher variable comp charge we view as one-off. Overall ~21-22% variable comp charge is above the company's stated 20% level, though, given: (i) significant fund outperformance vs. benchmark (~91% 1 year and ~86%/87% over 3-5 years); and (ii) strong seed capital gains realised in the period – we believe management has exercised discretion by increasing variable comp and would expect a normalisation in coming years."

Thanks for that insight HC.

StockMarketWire.com
Asset manager Ashmore reported Friday lower annual profits despite growing assets under management by more than a quarter amid record net inflows.

For the year ended 30 June, statutory profit before tax fell to £191.3m from £206.2m a year earlier, and net revenue increased to £276.3m from £257.6m.

Gains on investment securities fell to £3m, compared with £22.4m a year earlier, weighing on profit growth.

Assets under management increased 26% to $73.9bn from $58.7bn, and net inflows rose 47% to $16.9bn, the highest delivered by the group in a financial year.

Gross subscriptions doubled to $30.0bn, while redemptions were roughly flat at $13.1 billion for the year, compared to last year in absolute terms.

The asset manager gave an upbeat outlook on emerging markets, insisting that the wobble in emerging markets represented an opportunity rather than doom and gloom. 'Ashmore has delivered a strong operating performance over the financial year, driven by continued investment outperformance, record inflows, an ongoing commitment to cost discipline and good cash generation,' said ark Coombs, Chief Executive Officer, Ashmore Group . 'While asset prices were more volatile in the final quarter of the financial year, this largely reflected nervousness about a small number of emerging countries with particular issues such as Turkey, with the market extrapolating these concerns across the broad and highly diverse Emerging Markets universe of more than 70 countries. This mispricing therefore presents another very appealing entry point for investors.'

UBS today reaffirms its buy investment rating on Ashmore Group PLC (LON:ASHM) and cut its price target to 425p (from 445p).