reports
- Stephen Ellis
Henderson Group plc is a global investment management company competin...
On Oct. 3, 2016, Henderson Group entered into a merger agreement with Janus Group PLC. As part of that merger, a subsidiary will merge with Janus and will become a wholly owned subsidiary of Henderson, which will remain as the parent company. Henderson will be renamed Janus Henderson Group PLC. Upon the close of the merger, a holder of Janus common stock can expect to receive 4.7190 Henderson shares. As part of this transaction, Henderson will implement a share consolidation, or 10-1 reverse sto...
- Stephen Ellis
Henderson Group plc is a global investment management company competin...
On Oct. 3, 2016, Henderson Group entered into a merger agreement with Janus Group PLC. As part of that merger, a subsidiary will merge with Janus and will become a wholly owned subsidiary of Henderson, which will remain as the parent company. Henderson will be renamed Janus Henderson Group PLC. Upon the close of the merger, a holder of Janus common stock can expect to receive 4.7190 Henderson shares. As part of this transaction, Henderson will implement a share consolidation, or 10-1 reverse sto...
- Stephen Ellis
- Stephen Ellis
- MarketLine Department
Henderson Group plc - Strategy, SWOT and Corporate Finance Report
Synopsis Henderson Group plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Summary - Detailed information on Henderson Group plc required for business and competitor intelligence needs - A study of the major internal and external factors affecting Henderson Group plc in the f...
- Stephen Ellis
Henderson Sees More Outflows in 1Q
Henderson Group reported net outflows in the first quarter of GBPÂ 1.4 billion for its retail client base and GBPÂ 0.4 billion from institutional clients in a difficult environment complicated by its pending merger with Janus, in our view. That said, we note management statements revealing improving client sentiment and increased flows towards the end of the quarter. Most of the outflows on the retail side can be explained by merger-related restructuring of the global equities team. Henderson ha...
- Stephen Ellis
Henderson Sees More Outflows in 1Q
Henderson Group reported net outflows in the first quarter of GBPÂ 1.4 billion for its retail client base and GBPÂ 0.4 billion from institutional clients in a difficult environment complicated by its pending merger with Janus, in our view. That said, we note management statements revealing improving client sentiment and increased flows towards the end of the quarter. Most of the outflows on the retail side can be explained by merger-related restructuring of the global equities team. Henderson ha...
- Stephen Ellis
Lowering Henderson's Fair Value Estimate to Reflect Currency Changes
After rolling our model to 2017 and updating for recent currency changes, we are reducing our fair value estimate to AUD 3.90 from AUD 4.20 per share. Our fair value estimate implies one-year forward price/earnings of about 16 times and an enterprise value to EBITDA multiple of roughly 11 times. Our forecast assumes that inflows continue to grow assets under management and boost absolute management fees. We assume GBP 1/AUD 1.61 as of March 10. We expect that revenue will grow at an average an...
- Stephen Ellis
Lowering Henderson's Fair Value Estimate to Reflect Currency Changes
After rolling our model to 2017 and updating for recent currency changes, we are reducing our fair value estimate to AUD 3.90 from AUD 4.20 per share. Our fair value estimate implies one-year forward price/earnings of about 16 times and an enterprise value to EBITDA multiple of roughly 11 times. Our forecast assumes that inflows continue to grow assets under management and boost absolute management fees. We assume GBP 1/AUD 1.61 as of March 10. We expect that revenue will grow at an average an...
- Stephen Ellis
Henderson Group plc is a global investment management company competin...
While the biggest news out of narrow-moat Henderson Group during the fourth quarter was the announced merger with narrow-moat Janus Capital Group, the firm saw no real improvement in its managed assets during the period, as total assets under management were flat sequentially (and increased 9.7% year over year) at GBP 101.0 billion. Fourth-quarter retail outflows of GBP 2.2 billion brought full-year outflows to GBP 4.6 billion, indicating a negative 8.1% rate of organic growth. This represented ...
- Stephen Ellis
Henderson Group plc is a global investment management company competin...
While the biggest news out of narrow-moat Henderson Group during the fourth quarter was the announced merger with narrow-moat Janus Capital Group, the firm saw no real improvement in its managed assets during the period, as total assets under management were flat sequentially (and increased 9.7% year over year) at GBP 101.0 billion. Fourth-quarter retail outflows of GBP 2.2 billion brought full-year outflows to GBP 4.6 billion, indicating a negative 8.1% rate of organic growth. This represented ...
- Stephen Ellis
Retail Outflows Damp Henderson Group's 2016 Results; Key Focus for 201...
While the biggest news out of narrow-moat Henderson Group during the fourth quarter was the announced merger with narrow-moat Janus Capital Group, the firm saw no real improvement in its managed assets during the period, as total assets under management were flat sequentially (and increased 9.7% year over year) at GBP 101.0 billion. Fourth-quarter retail outflows of GBP 2.2 billion brought full-year outflows to GBP 4.6 billion, indicating a negative 8.1% rate of organic growth. This represented ...
- Stephen Ellis
Retail Outflows Damp Henderson Group's 2016 Results; Key Focus for 201...
While the biggest news out of narrow-moat Henderson Group during the fourth quarter was the announced merger with narrow-moat Janus Capital Group, the firm saw no real improvement in its managed assets during the period, as total assets under management were flat sequentially (and increased 9.7% year over year) at GBP 101.0 billion. Fourth-quarter retail outflows of GBP 2.2 billion brought full-year outflows to GBP 4.6 billion, indicating a negative 8.1% rate of organic growth. This represented ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Stephen Ellis
Henderson Group Sees Improvement in AUM and Flows During Q3; No Change...
While the biggest news out of narrow-moat Henderson Group this quarter has been its announced merger with narrow-moat Janus Capital Group, the company did report third-quarter AUM levels and flows that were an improvement on the second quarter, which was negatively affected by the Brexit vote. Total AUM increased 6.2% sequentially (and 23.8% year over year) to GBP 100.9 billion, driven primarily by market gains and favorable currency exchange. Retail net outflows of GBP 1.0 billion were an impro...
- Stephen Ellis
Henderson Group Sees Improvement in AUM and Flows During Q3; No Change...
While the biggest news out of narrow-moat Henderson Group this quarter has been its announced merger with narrow-moat Janus Capital Group, the company did report third-quarter AUM levels and flows that were an improvement on the second quarter, which was negatively affected by the Brexit vote. Total AUM increased 6.2% sequentially (and 23.8% year over year) to GBP 100.9 billion, driven primarily by market gains and favorable currency exchange. Retail net outflows of GBP 1.0 billion were an impro...
Janus Capital Group Inc. et Henderson Group plc annoncent la fusion pa...
LONDRES ET DENVER--(BUSINESS WIRE)-- À NE PAS DIFFUSER, PUBLIER OU DISTRIBUER, EN TOUT OU EN PARTIE, DANS CES TERRITOIRES OU À PARTIR DE CES TERRITOIRES OÙ CELA CONSTITUERAIT UNE VIOLATION DES LOIS EN VIGUEUR. CE COMMUNIQUÉ CONTIENT DES INFORMATIONS INTERNES Le présent Smart News Release (communiqué de presse intelligent) contient des éléments multimédias. Consultez l’intégralité du communiqué ici : http://www.businesswire.com/news/home/20161010005460/fr/ Henderson Group plc (« Henderson ») (LSE & ASX : HGG) et Janus Capital Group Inc....
- Stephen Ellis
Janus' Merger with Henderson Group Raises More Questions Than Answers;...
While we are likely to raise our fair value estimate, we expect to retain our narrow moat rating for Janus Capital Group following the firm's announcement that the U.S.-based asset manager would be merging its operations with the Henderson Group, a U.K.-based global fund manager. Both firms are facing challenges in their core markets that are unlikely to be abated by the combination, with Janus now dealing with the headwinds posed by the adoption of the Department of Labor's fiduciary rule earli...
- Stephen Ellis
Janus' Merger with Henderson Group Raises More Questions Than Answers;...
While we are likely to raise our fair value estimate, we expect to retain our narrow moat rating for Janus Capital Group following the firm's announcement that the U.S.-based asset manager would be merging its operations with the Henderson Group, a U.K.-based global fund manager. Both firms are facing challenges in their core markets that are unlikely to be abated by the combination, with Janus now dealing with the headwinds posed by the adoption of the Department of Labor's fiduciary rule earli...
Janus Capital Group Inc. and Henderson Group plc Announce Recommended ...
LONDON & DENVER--(BUSINESS WIRE)-- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161002005078/en/ Henderson Group plc (“Henderson”) (LSE & ASX: HGG) and Janus Capital Group Inc. (“Janus”) (NYSE: JNS) today announce that their respective ...
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