Liontrust Asset Management (LIO)

Sector:

Financials

Index:

FTSE Small Cap

654.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 855.00
  • 52 Week Low: 523.50
  • Currency: UK Pounds
  • Shares Issued: 64.94m
  • Volume: 546,769
  • Market Cap: £424.68m
  • RiskGrade: 183

Investor group opposed to Liontrust deal ups stake in GAM

By Michele Maatouk

Date: Tuesday 16 May 2023

LONDON (ShareCast) - (Sharecast News) - The investor group comprised of NewGAMe and Bruellan - which is opposed to Liontrust's takeover of Swiss fund group GAM - said on Tuesday that it plans to increase its stake in GAM from 8.4% to above 10%.
The group said in a statement that it has notified the Swiss Financial Market Supervisory Authority (FINMA) that it intends "to go above the threshold of 10% of the voting rights in GAM".

Earlier this month, the investor group said Liontrust's £96m takeover offer undervalues GAM and "does not reflect the significant upside that a successful turnaround could generate for GAM's current shareholders".

"In addition, the fact that Liontrust only offers its own shares, and is not making any cash offer, implies that GAM shareholders will be subject to the volatility of Liontrust shares without any firm price for a business that has significant intrinsic value," it said.

The investor group also said the deal proposed by Liontrust was subject to "significant execution contingencies", since the risk of an unsuccessful exit of GAM's fund management services business in Luxembourg and Switzerland - "on which almost no information is being provided" - is being shifted to GAM shareholders.

"The investor group is therefore contemplating not to accept Liontrust's offer under the current terms," it said.

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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 654.00p
Change Today -5.00p
% Change -0.76 %
52 Week High 855.00
52 Week Low 523.50
Volume 546,769
Shares Issued 64.94m
Market Cap £424.68m
RiskGrade 183

LIO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.12% below the market average55.12% below the market average55.12% below the market average55.12% below the market average55.12% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average13.58% below the market average
8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average
Income
64.17% above the market average64.17% above the market average64.17% above the market average64.17% above the market average64.17% above the market average
63.08% above the sector average63.08% above the sector average63.08% above the sector average63.08% above the sector average63.08% above the sector average
Growth
4.98% below the market average4.98% below the market average4.98% below the market average4.98% below the market average4.98% below the market average
1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 1
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
  2nd Interim 1st Interim
Ex-Div 04-Jul-24 23-Nov-23
Paid 09-Aug-24 05-Jan-24
Amount 50.00p 22.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:36 16,416 @ 654.00p
16:36 70,279 @ 655.35p
16:41 22,910 @ 652.20p
16:35 15,000 @ 654.00p
16:35 92,790 @ 654.00p

LIO Key Personnel

CEO John Stephen Ions

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