Liontrust has delivered H1 performance which has left the business on track to hit our full year expectations. After weathering a volatile summer quarter, Liontrust has added to AuM since the half year end benefiting from improved market performance, and we believe the group remains well placed to grow AuM in both established and nascent strategies. Two new fund launches will add to the existing range. We retain our 312p 12m TP (11.5x cal’15 PER) and BUY recommendation.
10 Nov 2015
On track to hit FY expectations
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On track to hit FY expectations
Liontrust Asset Management PLC (LIO:LON) | 656 72.1 1.7% | Mkt Cap: 425.7m
- Published:
10 Nov 2015 -
Author:
Andrew Watson -
Pages:
5
Liontrust has delivered H1 performance which has left the business on track to hit our full year expectations. After weathering a volatile summer quarter, Liontrust has added to AuM since the half year end benefiting from improved market performance, and we believe the group remains well placed to grow AuM in both established and nascent strategies. Two new fund launches will add to the existing range. We retain our 312p 12m TP (11.5x cal’15 PER) and BUY recommendation.