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Ashmore Group PLC (ASHM.L)

ASHM.L on London Stock Exchange

353.20GBp
19 Oct 2018
Change (% chg)

0.40 (+0.11%)
Prev Close
352.80
Open
349.00
Day's High
357.40
Day's Low
349.00
Volume
1,252,190
Avg. Vol
1,196,900
52-wk High
447.20
52-wk Low
334.60

Latest Key Developments (Source: Significant Developments)

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

UPDATE 2-Inflows buoy Ashmore despite emerging market trade tremors

* Shares up 2.6 pct; CEO says valuations attractive (Recasts, adds share reaction, analyst quote)