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Henderson Group (HGG)

Sector:

General Financial

Index:

FTSE 250

Market Cap

£384.35m

Change Today

Price Unchanged0.000p ()

Share Price

53.00p

Henderson suffers in hostile market; CEO steps down

Date: Thursday 28 Aug 2008

LONDON (ShareCast) - Fund manager Henderson Group saw profits and assets under management tumble in what it described as an “extremely hostile” economic environment.

Chief executive Roger Yates, who will be stepping down from the role in November to be succeeded by Head of Equities Andrew Formica, said: “Weaker markets and subdued demand for investment products, particularly from retail investors, put pressure on our fee income.”

Yates also confirmed that the group has written to shareholders notifying them of proposals to relocate to the Republic of Ireland for tax purposes.

Assets under management (AUM) in the first half of 2008 fell to £52.6bn from £59.2bn at the end of the year.

Net outflows from Pearl accounted for £3bn of the fall in AUM, while unfavourable market and foreign exchange rate fluctuations were responsible for £3.1bn of the decline.

Profit before tax and non-recurring items dived to £50.8m from £60.5m the year before. With non-recurring items included, pre-tax profit more than halved to £47m from £101m.

The interim dividend has been increased from 1.66p to 1.85p.

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Henderson Group Market Data

Currency UK Pounds
Share Price 53.00p  
Closing Price Change 0.000p
52 Week High 146.75
52 Week Low 48.75
Volume 1,707,470
Shares Issued 725.19m
Market Cap £384.35m
Beta 1.26

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
76.77% above the market average76.77% above the market average76.77% above the market average76.77% above the market average76.77% above the market average
41.48% above the sector average41.48% above the sector average41.48% above the sector average41.48% above the sector average41.48% above the sector average
Price Trend
52.59% below the market average52.59% below the market average52.59% below the market average52.59% below the market average52.59% below the market average
23.89% below the sector average23.89% below the sector average23.89% below the sector average23.89% below the sector average23.89% below the sector average
Income
83.56% above the market average83.56% above the market average83.56% above the market average83.56% above the market average83.56% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
88.59% above the market average88.59% above the market average88.59% above the market average88.59% above the market average88.59% above the market average
83.87% above the sector average83.87% above the sector average83.87% above the sector average83.87% above the sector average83.87% above the sector average
Price Chg 6m
49.72% below the market average49.72% below the market average49.72% below the market average49.72% below the market average49.72% below the market average
31.98% below the sector average31.98% below the sector average31.98% below the sector average31.98% below the sector average31.98% below the sector average
P/E
45.78% above the market average45.78% above the market average45.78% above the market average45.78% above the market average45.78% above the market average
14.49% above the sector average14.49% above the sector average14.49% above the sector average14.49% above the sector average14.49% above the sector average
PEG
67.80% above the market average67.80% above the market average67.80% above the market average67.80% above the market average67.80% above the market average
51.43% above the sector average51.43% above the sector average51.43% above the sector average51.43% above the sector average51.43% above the sector average
Dividend Yield
65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
EPS Growth
72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average
71.17% above the sector average71.17% above the sector average71.17% above the sector average71.17% above the sector average71.17% above the sector average
Operating Margin
59.43% above the market average59.43% above the market average59.43% above the market average59.43% above the market average59.43% above the market average
53.69% above the sector average53.69% above the sector average53.69% above the sector average53.69% above the sector average53.69% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 9
Sell 0
Strong Sell 2
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Henderson Group Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Sep-08 07-May-08
Paid 26-Sep-08 30-May-08
Amount 1.85p 4.44p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

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