Archive - TheInvestors.blog

Will the real PE ratio please stand up? (part 2 of 2)

That's me! I'm the 'U-PER'. Asset managers' on-balance-sheet investments, cash piles, and acquisition accounting mean not all PE ratios are created…

Jul 25 •

Lies, damned lies, and PE ratios (part 1 of 2)

When valuing asset managers, the (usually) useful PER can sometimes be misleading. There is a fix.

Jul 18 •

Mercia: undervalued specialist in private markets

Mercia Asset Management is scaling up fast and generating significant cash. It's valuation looks strange, if not patently incorrect.

Jul 2 •

June 2024

Tatton maintains (massive) momentum

3Y targets... exceeded. FY24 results... impressive. FY25... what a start!

Jun 18 •

May 2024

Asset Managers' AUM continues recovery in Q1

Good investment returns offset weak flows (again). But the picture is nuanced, with a huge divergence in fortunes. Have fundamentals, and…

May 3 •

April 2024

Tatton AUM +30% on record flows

It has clearly designed and implemented a superior offering compared to peers

Apr 16 •

Polar Capital: AUM jumps 12% in a quarter

Stellar investment returns by larger funds and a welcome return to positive net flows brighten outlook

Apr 11 •

Impax: sustainable investing returns outweigh negative flows

AUM +6% in H1-24 on strong returns. Flows disappoint but early signs of investors opening their chequebooks again.

Apr 9 •

March 2024

Eye-catching insider holdings, buys & sells

The state of play of insiders' shareholdings at UK-listed asset managers, including one set of insiders who are buying like there's no tomorrow!

Mar 17 •

February 2024

Hargreaves CEO "we need to up our game!"

Interim results were 'meh'. But make no mistake, the (relatively new) CEO is implementing a big shakeup. The opportunity is there. This is all about…

Feb 23 •

Mattioli Woods: Interims showcase the benefit of diverse income streams

Demand for advice ramps up, outstripping the negatives of investor nervousness and falling asset prices

Feb 9 •

January 2024

Worrying quarter for wealth managers

Q4 of 2023 saw strong markets mask weaker flows

Jan 30 •

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