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Ashmore Group PLC (ASHM.L)

ASHM.L on London Stock Exchange

480.20GBp
18 Apr 2019
Change (% chg)

-7.80 (-1.60%)
Prev Close
488.00
Open
487.20
Day's High
491.20
Day's Low
473.00
Volume
1,487,763
Avg. Vol
977,654
52-wk High
491.40
52-wk Low
334.60

Latest Key Developments (Source: Significant Developments)

Ashmore Group H1 assets buoyed by $2.4 bln in net inflows
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Ashmore Group PLC ::SAYS ASSETS UNDER MANAGEMENT (AUM) OF US$76.7 BILLION, 10% HIGHER THAN A YEAR AGO.SAYS RESILIENT NET INFLOWS OF US$2.4 BILLION IN SIX MONTHS REFLECTING BROAD-BASED INSTITUTIONAL CLIENT DEMAND AND CONTINUED GROWTH IN RETAIL AUM.SAYS PROFIT BEFORE TAX OF £93.0 MILLION, 6% LOWER YOY.SAYS SEED CAPITAL MARK-TO-MARKET RESULTED IN A LOSS BEFORE TAX OF £9.7 MILLION (H1 2017/18: £10.5 MILLION GAIN).SAYS DILUTED EPS OF 10.1P AND INTERIM DIVIDEND PER SHARE OF 4.55P.SAYS HAS SEEN A POSITIVE START TO 2019.SAYS MARK COOMBS HAS AGREED WITH BOARD TO MANAGE HIS SHAREHOLDING DOWN TO A MORE APPROPRIATE LEVEL OVER MEDIUM TERM BY SELLING UP TO 4 PERCENT OF ASHMORE STOCK EACH YEAR INTO MARKET.SAYS COOMBS CONTINUES TO BE FULLY COMMITTED TO ASHMORE IN HIS CURRENT ROLE.CEO SAYS EMERGING MARKETS IN GOOD HEALTH WITH HIGH GDP GROWTH, LOW INFLATION, ATTRACTIVE VALUATIONS AND, AFTER A SLIGHT PAUSE IN ALLOCATIONS AT END OF 2018, THERE IS RENEWED MOMENTUM IN CAPITAL FLOWS.CEO SAYS TEMPORARY FACTORS THAT SUPPORTED US DOLLAR IN 2018 ARE FADING, AND CONSEQUENTLY EMERGING MARKETS ASSETS ARE PERFORMING STRONGLY.SAYS OUTLOOK FOR EMERGING MARKETS IN 2019 IS POSITIVE, WITH HEALTHY SPREADS AVAILABLE IN EXTERNAL AND CORPORATE DEBT.SAYS ASSETS UNDER MANAGEMENT WERE $76.7 BILLION AT END-DEC, UP $2.8 BILLION DURING SIX MONTHS.SAYS GROWTH WAS PRIMARILY DELIVERED THROUGH NET INFLOWS OF $2.4 BILLION AND $0.3 BILLION OF ASSETS ACQUIRED IN ASHMORE AVENIDA TRANSACTION.  Full Article

Ashmore Group FY pretax profit 191.3 mln stg
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Ashmore Group PLC ::SAYS BROAD-BASED GROWTH IN ASSETS UNDER MANAGEMENT, +26% YOY FROM US$58.7 BILLION TO US$73.9 BILLION.SAYS DIVERSIFIED CLIENT DEMAND DELIVERED RECORD GROSS SUBSCRIPTIONS OF US$30.0 BILLION, TWICE PRIOR YEAR LEVEL.SAYS RECORD NET INFLOWS OF US$16.9 BILLION, INCLUDING STRONG RETAIL DEMAND WITH +47% YOY GROWTH IN AUM.SAYS OPERATING REVENUES INCREASED +11% WITH 13% GROWTH IN NET MANAGEMENT FEES AND PERFORMANCE FEES OF £21.9 MILLION.SAYS COST DISCIPLINE MAINTAINED, GENERATING 14% GROWTH IN ADJUSTED EBITDA TO £183.6 MILLION.SAYS STATUTORY PROFIT BEFORE TAX OF £191.3 MILLION AND DILUTED EPS OF 21.3P.SAYS PROPOSED FINAL DIVIDEND PER SHARE OF 12.10P, GIVING TOTAL OF 16.65P FOR YEAR.SAYS COMBINATION OF ATTRACTIVE EMERGING MARKETS VALUATIONS WITH ASHMORE'S STRONG INVESTMENT TRACK RECORD AND UNDERWEIGHT INVESTOR ALLOCATIONS MEANS THAT OUTLOOK REMAINS POSITIVE.SAYS IN ORDER TO ENSURE CONTINUED ACCESS TO EU-BASED INSTITUTIONAL CLIENTS, SUBJECT TO REGULATORY APPROVAL ASHMORE IS IN PROCESS OF ESTABLISHING AN OFFICE IN IRELAND.SAYS TURKEY, ARGENTINA-DRIVEN CORRECTION IN ASSET PRICES HAS CREATED THE 'BEST ENTRY POINT FOR SEVERAL YEARS'.  Full Article