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F&C Asset Management(FCAM)

Sector:

General Financial

Index:

FTSE 250

Market Cap

£824.06m

Change Today

Price Up1.25p

Share Price

167.25p

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 (16-May-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 3.6% 3.9%
Div Cover 1.7 1.6
Op Mrgn 10.4% 32.2%
ROCE 13.9%  

Valuation

Latest F'cast
P/E 16.1 15.6
PEG n/a 5.4
Pr/Revenue 3.0 3.2
Pr/Book 1.2  

Growth

Latest F'cast
Revenue 6.3% -7.8%
PBT n/a 218.5%
EPS -18.8% 2.9%
DPS -45.5% 10.0%

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 10.40p 18.5 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-08 256.18 82.50 10.70p 15.6 5.4 +3% 6.60p 3.9%
31-Dec-09 272.97 89.37 11.12p 15.0 3.9 +4% 7.50p 4.5%

Covering analysts: ABN AMRO, Altium Securities, HSBC Securities, Landsbanki Securities, Merrill Lynch, Shore Capital Stockbrokers

FCAM Company Announcements

Rule 8.3 F&C Asset Management 16-May-2008 15:18 RNS
Rule 8.3- F&C Asset Managemen 16-May-2008 14:30 RNS
Rule 8.3-F&C Asset Management 16-May-2008 13:36 RNS

FCAM ShareCast News

Results Round Up 25-Apr-2008 ShareCast
F&C assets fall in first quarter 25-Apr-2008 ShareCast
F&C into profit, warns of conditions 06-Mar-2008 ShareCast

FCAM Top Newspaper Links

Friends blooming after Flowers' bid is picked off 30-Apr-2008 Telegraph
Ownership concerns blamed for asset dip 26-Apr-2008 The Scotsman
Friends shares jump after rejection of JC Flowers 01-Apr-2008 The Scotsman

Latest FCAM Director Deals

Traded Action Notifier PriceAmountValue
07-May-08 Buy David Logan 174.50p 72 £125.64
07-May-08 Buy Alain Grisay 174.50p 72 £125.64
07-Apr-08 Buy David Logan 183.00p 68 £124.44

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 167.25p Price Up
Change Today +1.25p
52 Week High 218.00p
52 Week Low 163.50p
Volume 1,803,752
Shares Issued 492.71m
Market Cap £824.06m
Beta 0.69
RiskGrade 107

FCAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.83% below the market average71.83% below the market average71.83% below the market average71.83% below the market average71.83% below the market average
88.74% below the sector average88.74% below the sector average88.74% below the sector average88.74% below the sector average88.74% below the sector average
Price Trend
16.03% below the market average16.03% below the market average16.03% below the market average16.03% below the market average16.03% below the market average
2.31% above the sector average2.31% above the sector average2.31% above the sector average2.31% above the sector average2.31% above the sector average
Income
29.81% above the market average29.81% above the market average29.81% above the market average29.81% above the market average29.81% above the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Growth
71.26% below the market average71.26% below the market average71.26% below the market average71.26% below the market average71.26% below the market average
81.92% below the sector average81.92% below the sector average81.92% below the sector average81.92% below the sector average81.92% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 3
Strong Sell 1
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 16-May-2008

Time Volume / Share Price
16:50 200,000 @ 167.25p
16:49 200,000 @ 167.25p
16:49 200,000 @ 167.25p
16:35 205,019 @ 167.25p
16:28 175 @ 166.00p

FCAM Key Personnel

CEO Alain Grisay
CFO David Logan