Liontrust has seen an exceptional quarter of flows driving AuM up 9.5% to £10.6bn – smashing through the £10bn mark. Net inflows totalled £571m complemented by £345m investment performance. A further hire has been made to bolster the incoming Global Fixed Income team. We update our model for the AuM outturn, incorporating some additional costs and upgrade EPS by 4% FY18e/9% FY19e. Retaining our 12x PER valuation, we increase our target price to 615p (from 560p) and reiterate our BUY.
10 Jan 2018
Impressive net inflows, increased target price
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Impressive net inflows, increased target price
Liontrust Asset Management PLC (LIO:LON) | 666 0 0.0% | Mkt Cap: 432.5m
- Published:
10 Jan 2018 -
Author:
Andrew Watson -
Pages:
3
Liontrust has seen an exceptional quarter of flows driving AuM up 9.5% to £10.6bn – smashing through the £10bn mark. Net inflows totalled £571m complemented by £345m investment performance. A further hire has been made to bolster the incoming Global Fixed Income team. We update our model for the AuM outturn, incorporating some additional costs and upgrade EPS by 4% FY18e/9% FY19e. Retaining our 12x PER valuation, we increase our target price to 615p (from 560p) and reiterate our BUY.