Jeremy Grime | Oct 09, 2019 10:05
News
Liontrust (LON:LIO) – AUM Update
Share Price 748p
Mkt Cap £410m
Conflict Disclosure: No Holding
Alpha Financial Markets (LON:AFM) – Pre Close
Share Price 203p
Mkt Cap £210m
Conflict Disclosure: No Holding
Conclusion This is a high quality situation albeit perhaps not a secular growth market. Ultimately as fund manager fees come under pressure this will feed through. Though that is some years away yet. With £18m cash and the potential to make further acquisitions some strong accretive earnings enhancement can be anticipated over the next two years despits a modestly lacklustre statement this morning.
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