AuM grew by 5.1% to £30.9bn (vs. N+1Se £31.5bn) in Q4. Net inflows were sustained at £958m, with complementary £543m positive performance. Sustainable hit the £10bn milestone. AuM is already up a further 5% to £32.5bn in the few weeks of Q1’22 so far. We leave our FY21e forecasts unchanged. Unwinding some excessive prudence in costs drives upgrades: +3% EPS in FY22e and +5% EPS in FY23e. A 14.8x FY22e PER reflects a sustained growth trajectory, but doesn’t reflect upside should LIO deliver distr ....
21 Apr 2021
AuM +5% on yet another £1bn net inflow quarter
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AuM +5% on yet another £1bn net inflow quarter
Liontrust Asset Management PLC (LIO:LON) | 667 -20 (-0.4%) | Mkt Cap: 433.1m
- Published:
21 Apr 2021 -
Author:
James Tetley | Andrew Watson -
Pages:
3
AuM grew by 5.1% to £30.9bn (vs. N+1Se £31.5bn) in Q4. Net inflows were sustained at £958m, with complementary £543m positive performance. Sustainable hit the £10bn milestone. AuM is already up a further 5% to £32.5bn in the few weeks of Q1’22 so far. We leave our FY21e forecasts unchanged. Unwinding some excessive prudence in costs drives upgrades: +3% EPS in FY22e and +5% EPS in FY23e. A 14.8x FY22e PER reflects a sustained growth trajectory, but doesn’t reflect upside should LIO deliver distr ....