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F&C Asset Management(FCAM)

Sector:

General Financial

Index:

FTSE 250

Market Cap

£508.48m

Change Today

Price Up1.00p

Share Price

103.25p

FCAM Overview

Friends Provident subsidiary, ISIS Asset Management, completed its merger with F&C Management Limited on 11 October 2004. The group was renamed F&C Asset Management and, with more than £100bn under management, is valued at around £1bn. The business ranks among the UK’s top five asset management groups and is one of the top ten European pension asset managers in terms of assets under management.

1 Day Chart

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 5.8% 7.1%
Div Cover 1.7 1.5
Op Mrgn 10.4% 31.0%
ROCE 25.2%  

Valuation

Latest F'cast
P/E 10.0 10.3
PEG n/a n/a
Pr/Revenue 1.8 2.0
Pr/Book 0.7  

Growth

Latest F'cast
Revenue 6.3% -7.1%
PBT n/a 208.7%
EPS -19.0% -3.2%
DPS -45.5% 10.4%

FCAM Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a107.89 a(8.57) 12.04p 20.8 n/a n/a 11.00p 4.4%
31-Dec-04 185.80 (4.41) 12.76p 19.3 3.2 +6% 11.00p 4.5%
31-Dec-05 278.05 (106.32) 15.90p 11.1 0.4 +25% 11.00p 6.2%
31-Dec-06 261.30 (30.50) 12.80p 16.5 n/a -20% 11.00p 5.2%
31-Dec-07 277.80 25.90 10.37p 18.6 n/a -19% 6.00p 3.1%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

FCAM Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 258.18 79.95 10.04p 10.2 n/a -3% 6.62p 7.1%
31-Dec-09 272.35 88.20 10.91p 9.4 1.1 +9% 7.50p 8.0%

Covering analysts: Altium Securities, Credit Suisse, HSBC Securities, Landsbanki Securities, Merrill Lynch, Morgan Stanley, Shore Capital Stockbrokers

FCAM Company Announcements

Rule 8.3- (Alliance & Leicest 24-Jul-2008 14:00 RNS
EPT Disclosure 24-Jul-2008 13:21 RNS
EPT Disclosure - F&C Asset Ma 24-Jul-2008 11:41 RNS

FCAM ShareCast News

F&C in £8.5bn property tie-up 22-Jul-2008 ShareCast
London close: Footsie deep in the red 10-Jul-2008 ShareCast
F&C plunges on stake sale fear 10-Jul-2008 ShareCast

FCAM Top Newspaper Links

F&C and Reit join forces 23-Jul-2008 The Scotsman
F&C MERGER 23-Jul-2008 Sun
F&C Asset merges with Reit in £8.5bn deal 23-Jul-2008 The Herald

Latest FCAM Director Deals

Traded Action Notifier PriceAmountValue
07-Jul-08 Buy David Logan 145.50p 86 £125.13
07-May-08 Buy David Logan 174.50p 72 £125.64
07-May-08 Buy Alain Grisay 174.50p 72 £125.64

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

FCAM Market Data

Currency UK Pounds
Share Price 103.25p Price Up
Change Today +1.00p
52 Week High 218.00p
52 Week Low 93.50p
Volume 1,901,347
Shares Issued 492.48m
Market Cap £508.48m
Beta 0.73
RiskGrade 424

FCAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.45% above the market average59.45% above the market average59.45% above the market average59.45% above the market average59.45% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
59.3% below the market average59.3% below the market average59.3% below the market average59.3% below the market average59.3% below the market average
46.3% below the sector average46.3% below the sector average46.3% below the sector average46.3% below the sector average46.3% below the sector average
Income
69.30% above the market average69.30% above the market average69.30% above the market average69.30% above the market average69.30% above the market average
34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average
Growth
70.88% below the market average70.88% below the market average70.88% below the market average70.88% below the market average70.88% below the market average
83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 3
Sell 1
Strong Sell 2
Total 6
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FCAM Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Apr-08 19-Sep-07
Paid 16-May-08 19-Oct-07
Amount 4.00p 2.00p

Trades for 24-Jul-2008

Time Volume / Share Price
16:55 457,665 @ 103.69p
16:35 68,545 @ 103.25p
16:29 164 @ 103.75p
16:28 1,416 @ 103.50p
16:28 308 @ 103.50p

FCAM Key Personnel

CEO Alain Grisay
CFO David Logan

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