Ashmore Group (ASHM)

Sector:

Financials

Index:

FTSE 250

563.50p
   
  • Change Today:
      10.50p
  • 52 Week High: 565.00
  • 52 Week Low: 371.60
  • Currency: UK Pounds
  • Shares Issued: 712.74m
  • Volume: 772,664
  • Market Cap: £4,016.29m
  • RiskGrade: 111

Ashmore profits rise AuM tick higher

By Michele Maatouk

Date: Friday 06 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Emerging market asset manager Ashmore reported a rise in full-year profit and earnings on Friday thanks to growth in assets under management, as it said the outlook for the US economy and its trade policy are the main risks to the current market environment.
In the year to the end of June 2019, adjusted earnings before interest, tax, depreciation and amortisation rose 10% to £201.8m while pre-tax profit jumped 15% to £219.9m as assets under management increased 24% to $91.8bn. Ashmore saw broad-based net inflows of $10.7bn and positive investment performance of $6.9bn.

Chief executive officer Mark Coombs said the company had delivered "strong" results and the backdrop for emerging markets remains relatively healthy, with economic indicators such as GDP growth and inflation continuing to trend favourably.

"The main risks relate to the US and the impact that its confrontational trade policy and slowing domestic growth will have on the broader global economy," he said.

"In this context, the significant diversity across the emerging markets asset classes is important and after recent market weakness the valuations available are highly attractive. Ashmore will continue to implement its active investment processes to exploit these opportunities for clients, is well-positioned to continue to capture investors' rising allocations to emerging markets and, through its consistent strategy and proven business model, to create value for shareholders."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ashmore Group Market Data

Currency UK Pounds
Share Price 563.50p
Change Today 10.50p
% Change 1.90 %
52 Week High 565.00
52 Week Low 371.60
Volume 772,664
Shares Issued 712.74m
Market Cap £4,016.29m
RiskGrade 111

Ashmore Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.92% below the market average76.92% below the market average76.92% below the market average76.92% below the market average76.92% below the market average
80.6% below the sector average80.6% below the sector average80.6% below the sector average80.6% below the sector average80.6% below the sector average
Price Trend
72.62% above the market average72.62% above the market average72.62% above the market average72.62% above the market average72.62% above the market average
80.82% above the sector average80.82% above the sector average80.82% above the sector average80.82% above the sector average80.82% above the sector average
Income
17.74% above the market average17.74% above the market average17.74% above the market average17.74% above the market average17.74% above the market average
28.4% below the sector average28.4% below the sector average28.4% below the sector average28.4% below the sector average28.4% below the sector average
Growth
4.57% above the market average4.57% above the market average4.57% above the market average4.57% above the market average4.57% above the market average
25.62% below the sector average25.62% below the sector average25.62% below the sector average25.62% below the sector average25.62% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 9
Sell 0
Strong Sell 2
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ashmore Group Dividends

  Latest Previous
  Final Final
Ex-Div 31-Oct-19 01-Nov-18
Paid 06-Dec-19 07-Dec-18
Amount 12.10p 12.10p

Trades for 17-Jan-2020

Time Volume / Share Price
16:50 206 @ 561.50p
16:50 168 @ 561.50p
16:35 258,443 @ 563.50p
16:29 279 @ 564.50p
16:29 533 @ 564.50p

Ashmore Group Key Personnel

CEO Mark Langhorn Coombs
Chair David Bennett

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