There seems to be a lot of take overs and mergers going on in the asset management industry over the last few years, Brewin Dolphin, Charles Stanley to name but a few even the company headed in this post has recently merged part of its business with Rathbones.
I'm just wondering what other posters thoughts are on the N91 business the stocko report seems to indicate a huge amount of net cash or is this actually client monies held by the company rather than the companies own cash monies ?
The yield looks decent and reasonably well covered all be it stocko predicting divi cuts over the next two years.
Forty two point have moved up to near 20% holders i've no idea who they are other than were incorporated in mauritius.
Any thoughts welcome positive or negative on this one.
Regards Andy
