A solid H1 performance is evident with revenue and earnings growth. The dividend has been maintained underpinned by £100m+ net cash. Whilst H1 earnings performance comfortably covered ~55% of our prior earnings estimates, we are encouraged to note that AuM has grown by 7% to £33.5bn in the last month, benefiting from positive market performance. Flows have remained neutral. We do not assume that strong growth returns, retaining cautious assumptions, but given current AuM is already ahead of our ....
18 Nov 2022
Solid interims, recent performance drives AuM
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Solid interims, recent performance drives AuM
Liontrust Asset Management PLC (LIO:LON) | 689 -34.5 (-0.7%) | Mkt Cap: 447.4m
- Published:
18 Nov 2022 -
Author:
Andrew Watson -
Pages:
3
A solid H1 performance is evident with revenue and earnings growth. The dividend has been maintained underpinned by £100m+ net cash. Whilst H1 earnings performance comfortably covered ~55% of our prior earnings estimates, we are encouraged to note that AuM has grown by 7% to £33.5bn in the last month, benefiting from positive market performance. Flows have remained neutral. We do not assume that strong growth returns, retaining cautious assumptions, but given current AuM is already ahead of our ....