UK's Foresight Group H1 AUM steady at £13 bln
UK's Foresight Group H1 AUM steady at £13 bln
Overview
UK investment manager's H1 FY27 AUM held steady at £13.0 bln, FUM up slightly
Company completed sale of public markets division to focus on core business
Company cancelled 4 mln shares as part of ongoing buyback programme
Outlook
Company expects recurring revenue to remain within target range of 85-90%
Foresight expects further FEIP II fundraising supported by energy transition and infrastructure trends
Company says timing of institutional real asset fundraising may affect near-term results
Result Drivers
RETAIL FUNDRAISING - Co said strong fundraising into higher-margin retail vehicles supported results
KINETIC REALISATION - Partial realisation of Kinetic generated performance fees but reduced FUM
DIVISION SALE - Sale of public markets division allowed greater focus on core Real Assets and Private Equity divisions
Company press release: ID:nRSH0694Ya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Assets Under Management |
| GBP 13 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Foresight Group Holdings Ltd is GBp700.00, about 55.9% above its October 7 closing price of GBp449.00
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Oct 6 - KKR to buy fund administrator Gen II in $5.1 billion deal including debt
Oct 7 - UK's Aberdeen to halve Standard Life stake to about 5.2%
Oct 6 - Mattel shares slip as investor urges strategic review
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)