Liontrust has reported in-line final results, with a notable 15% dividend beat against our forecast. The fund range has already seen a surge in flows in Q1, taking AuM to £14.0bn (+11% qoq). With only a handful of trading days remaining in Q1, we incorporate this into our AuM model which drives a 6-7% earnings upgrade. We also increase our dividend forecast by c.20%. With continuing flow momentum, impressive prospective earnings growth, and the group remaining alive to strategic hires, we think ....
27 Jun 2019
In-line finals, with a surge of flows in Q1 already
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In-line finals, with a surge of flows in Q1 already
Liontrust Asset Management PLC (LIO:LON) | 676 -20.3 (-0.4%) | Mkt Cap: 439.3m
- Published:
27 Jun 2019 -
Author:
Andrew Watson -
Pages:
3
Liontrust has reported in-line final results, with a notable 15% dividend beat against our forecast. The fund range has already seen a surge in flows in Q1, taking AuM to £14.0bn (+11% qoq). With only a handful of trading days remaining in Q1, we incorporate this into our AuM model which drives a 6-7% earnings upgrade. We also increase our dividend forecast by c.20%. With continuing flow momentum, impressive prospective earnings growth, and the group remaining alive to strategic hires, we think ....