Liontrust has delivered in line interims, however AuM growth since the HY point drives higher earnings estimates. In H1, net inflows remained strong despite the backdrop and, alongside performance, contributed to 28% AuM growth. Post-period, performance momentum has boosted AuM by a further 5% to £28.1bn, plus the completion of Architas. Together, this results in a step up in the run rate. We update our forecasts for higher than expected AuM driving a +5% upgrade to FY21e EPS and +10-13% in oute ....
25 Nov 2020
H1 in line, AuM pushes on with performance tailwind
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H1 in line, AuM pushes on with performance tailwind
Liontrust Asset Management PLC (LIO:LON) | 689 -34.5 (-0.7%) | Mkt Cap: 447.4m
- Published:
25 Nov 2020 -
Author:
Andrew Watson -
Pages:
3
Liontrust has delivered in line interims, however AuM growth since the HY point drives higher earnings estimates. In H1, net inflows remained strong despite the backdrop and, alongside performance, contributed to 28% AuM growth. Post-period, performance momentum has boosted AuM by a further 5% to £28.1bn, plus the completion of Architas. Together, this results in a step up in the run rate. We update our forecasts for higher than expected AuM driving a +5% upgrade to FY21e EPS and +10-13% in oute ....