Liontrust Asset Management (LIO)

Sector:

Financials

Index:

FTSE Small Cap

672.00p
   
  • Change Today:
      28.00p
  • 52 Week High: 1,022.00p
  • 52 Week Low: 523.50p
  • Currency: UK Pounds
  • Shares Issued: 64.94m
  • Volume: 479,264
  • Market Cap: £436.37m
  • RiskGrade: 183

Liontrust profits rise as assets under management surge

By Josh White

Date: Wednesday 23 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Independent fund manager Liontrust Asset Management reported adjusted profit before tax of £64.3m in its final results on Wednesday, up 69% year-on-year.
The FTSE 250 company said its adjusted diluted earnings per share were 54% firmer for the 12 months ended 31 March, at 87.4p, while its profit before tax totalled £34.9m, surging 116% from the £16.5m it reported for the 2020 financial year.

Revenues were 54% firmer year-on-year, at £164m.

Liontrust's board declared a second interim dividend of 36p per share, up from the 24p distribution it announced a year ago.

That would bring the total dividend for the financial year ended 31 March to 47p per share, up 42% on the prior year.

At year-end, assets under management and advice totalled £30.9bn, up 92% over a year earlier, with the same measure rising further to £33.27bn by 18 June.

Net inflows for the year totalled £3.5bn, up 30% from the £2.67bn it reported at the end of the 2020 financial year.

"The momentum behind the business is demonstrated by the industry's sales figures for the first three months of 2021," said chief executive officer John Ions.

"According to the Pridham Report, Liontrust had the third highest net retail sales in the UK in the first quarter of the year and was placed fifth for gross retail sales.

"The tailwind behind environmental, social and governance (ESG) continues, and Liontrust is benefiting from our sustainable investment team's 20-year track record, proven process and clear reporting on their engagement with companies and the impact of their investments."

Ions said that, to meet rising interest in sustainability and demand for sustainable investment, the company was planning to launch the Liontrust ESG Trust.

"This is a significant launch for Liontrust in expanding our offering into investment trusts and will enable a wider range of investors to access the sustainable investment team.

"As planned, the initial public offering for the Liontrust ESG Trust will be on 5 July, and will enable Peter Michaelis' team to be unconstrained by market cap, include small cap stocks not held by their open-ended funds, and invest in the highest sustainability companies," John Ions said.

"In continental Europe, Liontrust has partnered with ABN Amro Investment Solutions to launch a global impact fund which is being distributed in Italy, Luxembourg and Spain."

Along with sustainable investment, Ions said the company saw "great potential" for its global fixed income, cashflow solution and economic advantage strategies in Europe.

"The importance and benefit of high-quality active fund management with strong long-term performance has been reiterated by the pandemic.

"Our investment teams can allocate the capital that companies and the economy need to deliver a positive outcome and engage to ensure best business practices.

"Active managers also have a role in ensuring that all shareholders can realise the full potential value of a listed company."

At 0843 BST, shares in Liontrust Asset Management were up 2.33% at 1,668p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LIO Market Data

Currency UK Pounds
Share Price 672.00p
Change Today 28.00p
% Change 4.35 %
52 Week High 1,022.00p
52 Week Low 523.50p
Volume 479,264
Shares Issued 64.94m
Market Cap £436.37m
RiskGrade 183

LIO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.20% above the market average58.20% above the market average58.20% above the market average58.20% above the market average58.20% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average
Price Trend
24% below the market average24% below the market average24% below the market average24% below the market average24% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Income
88.90% above the market average88.90% above the market average88.90% above the market average88.90% above the market average88.90% above the market average
84.85% above the sector average84.85% above the sector average84.85% above the sector average84.85% above the sector average84.85% above the sector average
Growth
83.70% above the market average83.70% above the market average83.70% above the market average83.70% above the market average83.70% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LIO Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 23-Nov-23 29-Jun-23
Paid 05-Jan-24 04-Aug-23
Amount 22.00p 50.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 64,378 @ 672.00p
16:35 406 @ 672.00p
16:35 444 @ 672.00p
16:35 404 @ 672.00p
16:35 641 @ 672.00p

LIO Key Personnel

CEO John Stephen Ions

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