Ashmore Group (ASHM)

Sector:

Financials

Index:

FTSE 250

195.70p
   
  • Change Today:
      0.70p
  • 52 Week High: 249.00
  • 52 Week Low: 166.30
  • Currency: UK Pounds
  • Shares Issued: 712.74m
  • Volume: 1,388,626
  • Market Cap: £1,394.83m
  • RiskGrade: 146

Ashmore FY AuM slip amid widespread risk aversion

By Iain Gilbert

Date: Friday 02 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Asset manager Ashmore Group said on Friday that assets under management and earnings slipped in the twelve months ended 30 June as Russia's invasion of Ukraine and inflationary concerns led to widespread risk aversion.
Assets under management declined by 32% year-on-year to $64.0bn, with the majority of the movement attributable to negative investment performance of $16.6bn and net outflows of $13.5bn.

Average assets under management were 7% lower than in the prior year at $83.6bn.

Ashmore said reported EBITDA had fallen from £195.7m in the 2020-21 trading year to £122.3m twelve months later, while reported operating profits dropped from £192.9m to £119.2m.

Pre-tax profits also slipped from £193.8m to £118.4m and revenues contracted from £296.6m to £262.5m.

The FTSE 250-listed group also reported adjusted diluted earnings per share of 18.7p and maintained its final dividend to give a total full-year dividend of 16.9p per share.

Chief executive Mark Coombs said: "While the global macro environment still presents some near-term uncertainty, the situation in emerging markets is improving and the breadth of investment opportunity helps to mitigate the risks. Ashmore's long-term investment approach has been proven across many different market cycles and facilitates access to the exceptionally attractive valuations currently available across emerging markets. Risk appetite will improve as some of the recent macro headwinds abate, supporting a recovery in emerging markets asset prices and higher investor allocations."



Reporting by Iain Gilbert at Sharecast.com

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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.

 

Ashmore Group Market Data

Currency UK Pounds
Share Price 195.70p
Change Today 0.70p
% Change 0.36 %
52 Week High 249.00
52 Week Low 166.30
Volume 1,388,626
Shares Issued 712.74m
Market Cap £1,394.83m
RiskGrade 146

Ashmore Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.04% above the market average62.04% above the market average62.04% above the market average62.04% above the market average62.04% above the market average
10.48% above the sector average10.48% above the sector average10.48% above the sector average10.48% above the sector average10.48% above the sector average
Price Trend
6.29% below the market average6.29% below the market average6.29% below the market average6.29% below the market average6.29% below the market average
1.72% below the sector average1.72% below the sector average1.72% below the sector average1.72% below the sector average1.72% below the sector average
Income
87.14% above the market average87.14% above the market average87.14% above the market average87.14% above the market average87.14% above the market average
69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average
Growth
96.88% below the market average96.88% below the market average96.88% below the market average96.88% below the market average96.88% below the market average
92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 4
Sell 3
Strong Sell 1
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ashmore Group Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Feb-24 02-Nov-23
Paid 02-Apr-24 08-Dec-23
Amount 4.80p 12.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1 @ 195.70p
16:35 777,527 @ 195.70p
16:35 778 @ 195.70p
16:35 708 @ 195.70p
16:35 459 @ 195.70p

Ashmore Group Key Personnel

CEO Mark Langhorn Coombs

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