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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ashmore Group    ASHM   GB00B132NW22

ASHMORE GROUP

(ASHM)
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Real-time Quote. Real-time CHI-X - 07/22 11:30:00 am
528.25 GBp   +0.91%
07/12ASHMORE : Emerging market manager Ashmore fourth quarter assets up 7.6%, weaker dollar helps
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Ashmore : Emerging market manager Ashmore fourth quarter assets up 7.6%, weaker dollar helps

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07/12/2019 | 04:19am EDT

LONDON (Reuters) - Emerging market-focused money manager Ashmore's assets under management grew by $6.5 billion (£5.2 billion) in the fourth quarter, it said on Friday, helped by a weaker dollar which boosted demand for debt in local currencies.

Ashmore said total assets at the end of June were $91.8 billion, up from the prior quarter's $85.3 billion. The emerging markets specialist saw net inflows of $3.3 billion and positive investment performance of $3.2 billion over the period.

The company, which invests across a range of equity, debt, multi-asset and alternative funds for both institutional and retail clients, said existing institutional clients increased allocations across a broad range of strategies.

"The outlook for emerging markets remains positive, with supportive economic fundamentals, attractive valuations in fixed income and equities, limited opportunities in developed markets," Chief Executive Mark Coombs said.

Assets in Ashmore's external debt strategy rose 14.4% over the period, to $19.1 billion.

Ashmore's shares fell 2.4%, however, making it one of the worst performers in the FTSE mid-cap index <.FTMC>, after analysts at Peel Hunt cut their recommendation on the stock to "add" from "buy" following a recent strong share performance.

The shares have heavily outperformed the asset management sector this year, rising 40%, Peel Hunt said in a note.

(Reporting by Navdeep Yatav; editing by David Evans)

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Financials (GBP)
Sales 2019 312 M
EBIT 2019 201 M
Net income 2019 168 M
Finance 2019 482 M
Yield 2019 3,22%
P/E ratio 2019 22,4x
P/E ratio 2020 18,2x
EV / Sales2019 9,87x
EV / Sales2020 7,94x
Capitalization 3 556 M
Chart ASHMORE GROUP
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Technical analysis trends ASHMORE GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 495,87  GBp
Last Close Price 5,29  GBp
Spread / Highest target 10 770%
Spread / Average Target 9 274%
Spread / Lowest Target 7 707%
EPS Revisions
Managers
NameTitle
Mark Langhorn Coombs Chief Executive Officer & Executive Director
David Jonathan Bennett Chairman
Thomas Adam Shippey Group Finance Director & Executive Director
Dame Anne Pringle Independent Non-Executive Director
Clive Peter Adamson Senior Independent Director
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