Ashmore Group Plc Ord 0.01 (ASHM)
Sell : 389.40p | Buy : 389.60p | down 0.90p
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Company overview
Established in 1992 and headquartered in London, Ashmore Group PLC is a leading investment manager dedicated to emerging markets. The group focuses on a number of investment themes including external debt, local currency, special situations (incorporating distressed debt and private equity) corporate debt, real estate and equity. Today it manages US$58.9 billion (October 2011) in pooled funds, segregated accounts and structured products. The company joined the FTSE 100 in September 2011.HL Comment (13 October 2011)
Emerging market focussed investment house Ashmore Group said this morning, (13 Oct) that assets under management decreased 10.5% in the September quarter end. Ashmore, which has the bulk of its assets in debt products, said assets dropped to $58.9 billion in its first quarter, driven by $7.1 billion of negative performance in its range of funds, with the largest falls coming in local currency, multi-strategy and equity products. This weak performance was partially offset by $200 million of net inflows, principally into multi-strategy themes, during the quarter. The group said that while market conditions remained challenging, recent global economic events reinforced the fundamental attractiveness of the emerging markets asset classes.Negative Points:
- Market volatility resulting from the challenging and uncertain macroeconomic backdrop, particularly in the United States and Europe, resulted in the group suffering from adverse investment performance.
- A sharp price correction in emerging market debt markets could lead to poor performance of investment portfolios, poorer fund flows and lower performance fee earnings.
- The group remains susceptible to short-term volatility due to global macroeconomic weakness.
Positive Points:
- The present market volatility and challenging market conditions could be considered an attractive investment opportunity in emerging market asset classes, added Ashmore.
- The company recently (11 Oct) announced the launch of its Ashmore Emerging Markets Small Cap Equity Fund which will invest in smaller companies in Emerging Market countries globally.
- Group focus remains on long-term growth, in line with the company’s strategy.
Consensus:
On balance, market consensus indicates a buy.
All yield figures are variable and not guaranteed.
What the Brokers Say
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Strong
SellStrong
Buy -
Strong Buy: 8 Buy: 0 Neutral: 9 Sell: 0 Strong Sell: 0 Total: 17
This is not a recommendation, it represents the consensus view of a basket of brokers. If less than 5 brokers it may not be a valid consensus. HL might not concur and takes no responsibility.
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Important dates
Future events
| Interim Results | 23-02-2012 |
Past events
| Trading Announcement | 12-01-2012 |
| Final Dividend Payment Date | 2-12-2011 |
| Final Ex-Dividend Date | 2-11-2011 |
| AGM | 27-10-2011 |
| Interim Management Statement | 13-10-2011 |
| Annual Report | 27-09-2011 |
| Final Results | 13-09-2011 |
| Trading Announcement | 14-07-2011 |
| Interim Management Statement | 14-04-2011 |
| Interim Dividend Payment Date | 4-04-2011 |
| Interim Ex-Dividend Date | 9-03-2011 |
| Interim Results | 24-02-2011 |
| Trading Announcement | 13-01-2011 |
| Final Dividend Payment Date | 3-12-2010 |
| Final Ex-Dividend Date | 3-11-2010 |
| AGM | 28-10-2010 |
| Interim Management Statement | 14-10-2010 |
| Annual Report | 28-09-2010 |
| Final Results | 14-09-2010 |
| Trading Announcement | 14-07-2010 |
| Interim Management Statement | 14-04-2010 |
| Interim Dividend Payment Date | 1-04-2010 |
| Interim Ex-Dividend Date | 10-03-2010 |
| Interim Results | 25-02-2010 |
| Trading Announcement | 13-01-2010 |
| Final Dividend Payment Date | 4-12-2009 |
| Final Ex-Dividend Date | 4-11-2009 |
| AGM | 29-10-2009 |
| Final Results | 15-09-2009 |
| Trading Announcement | 16-07-2009 |
| Interim Dividend Payment Date | 24-04-2009 |
| Interim Ex-Dividend Date | 25-03-2009 |
| Interim Results | 24-02-2009 |
| Final Dividend Payment Date | 5-12-2008 |
| Final Ex-Dividend Date | 5-11-2008 |
| AGM | 30-10-2008 |
| Final Results | 16-09-2008 |
| Trading Announcement | 17-07-2008 |
| Interim Dividend Payment Date | 25-04-2008 |
| Trading Announcement | 17-04-2008 |
| Interim Ex-Dividend Date | 26-03-2008 |
| Interim Results | 26-02-2008 |
| Trading Announcement | 15-01-2008 |
Fundamental Data
Values are quoted in the stock's local currency: British pound.
| Year Ending | Revenue (m) | Profit Before Tax (m) | EPS (p) | P/E Ratio | PEG | EPS Growth (%) | Total Dividend | Dividend Yield |
|---|---|---|---|---|---|---|---|---|
| 30-06-2011 | 342.80 | 245.90 | 28.08 | 14.20 | 0.80 | 18.00 | 14.50 | 3.60 |
| 30-06-2010 | 281.40 | 217.20 | 23.87 | 10.20 | 0.30 | 39.00 | 13.00 | 5.30 |
| 30-06-2009 | 245.70 | 159.80 | 17.12 | 11.10 | n/a | (19.00) | 12.00 | 6.30 |
| 30-06-2008 | 241.50 | 196.20 | 21.03 | 10.30 | 0.20 | 54.00 | 12.00 | 5.50 |
| 30-06-2007 | 163.60 | 131.40 | 13.70 | 19.70 | 0.70 | 27.00 | 9.00 | 3.30 |
Latest ASHM Director Deals
| Traded | Action | Notifier | Position | Price | Amount | Value |
|---|---|---|---|---|---|---|
| 21-11-2011 | Buy | Nick Land | Non-Executive Director | 318.40p | 14,000.00 | £44,576.00 |
Any Overview and Comment is provided by Hargreaves Lansdown. What the Brokers Say, Important Dates and Financials are supplied by Digital Look Ltd. Prices delayed by at least 15 minutes.