ASHMORE GROUP

Ashmore reports that profit attributable for the year to 30 June 2026 rose 27% to £103.3m, slightly beating consensus estimates. The profit was driven mainly by one-off gains from seed capital of £82.5m, while adjusted EBITDA fell 32% to £35.7m and performance fees collapsed to £1.4m. Adjusted net revenue and earnings per share fell, even though assets under management grew 13% to $54.0bn and net inflows increased to $2.7bn. Investors were concerned about the discrepancy between reported profit and the quality of recurring earnings, putting selling pressure on the stock. » Więcej na de.investing.com

Ashmore reported net inflows of $1.3bn in the quarter to 30 June and assets under management of $50.7bn (+$3.3bn). The shares fell about 1.5% to 212p as the positive news appeared to be priced in and a “sell the news” reaction dominated. Jefferies rates the stock buy with a 285p price target, but analyst consensus remains cautious with average targets below the current level. The next key date is the full-year results on 7 September 2026. » Więcej na de.investing.com

Japan Post Versicherungen has committed to investing $1 billion, phased over about 12 months, into various emerging-market funds of the Ashmore Group. In addition, Japan Post Versicherungen will acquire a 2.9% stake in Ashmore through open-market purchases. No specific timetable for the stake acquisition was provided. » Więcej na de.investing.com