I think most would agree that current share price is well justified even 2010H1 result is similar to the previous half - or even there is no FUM/AUM growth and no improvement in expenses savings.
I think there are a few possible surprise upside may emerge in the short term:
1. managed account investment growth continues to be strong (there was $370m inflow in previous half) and HFA redemption outflow stabilized;
2. expenses savings and no equity settled transaction expenses will improve the bottom line;
3. Man group's GLG aquisition has set a reasonable indicator on HFA's value - they have similar balance sheet, investment performance/platform;
4. should Lighthouse proceed to win the major institutional hedge fund of funds award next week, it may boost its profile and inflow.
Alphasigma
Please do your own research
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$2.03 |
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-0.010(0.49%) |
Mkt cap ! $991.9M |
Open | High | Low | Value | Volume |
$2.05 | $2.05 | $2.00 | $885.8K | 436.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12026 | $2.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 30116 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9009 | 1.960 |
1 | 500 | 1.950 |
1 | 300 | 1.900 |
1 | 1669 | 1.850 |
1 | 15000 | 1.800 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 27194 | 2 |
2.060 | 5000 | 1 |
2.070 | 45543 | 1 |
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2.090 | 28000 | 2 |
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