to join the discussion
NY1 creeping up 0.87% but the asset management sector's earnings headwinds aren't resolved yet, and AUM growth at these valuations doesn't justify the bounce. Fund outflows from local equities will keep pressuring margins until we see a proper market recovery, so I'm staying on t
interesting numbers on NY1 the last couple results, AUM sitting around 290bn and margins holding despite rand weakness. thing is global asset managers trading way ahead on earnings multiples so hard to see where the re-rate happens from here unless they crack into the US market properly. fwiw the dividend is solid but that's more of a mature story imo
NY1 sitting on solid assets under management globally but the local market keeps pricing in rand weakness and offshore outflows, ngl the valuation isn't exciting at R46.38 when you look at peers. long term tho if they can grow that wealth advisory book and keep clients through the rate cycle, could be a decent hold for patient money.
Look, NY1 closed R46.38 and everyone's crying about the rand headwind but that's exactly when you load up on a global asset manager. Ninety One's got real AUM in dollars, institutional flows aren't stopping, and the market's sleeping on the fact that when the rand weakens you actually want that currency hedge. This is a five year hold minimum, not a trade.
NY1 taking a knock today but the long-term story hinges on whether they can grow AUM faster than competitor outflows. At current valuation the dividend yield looks decent if they maintain earnings, though geopolitical headwinds and market volatility will keep this under pressure
NY1 closed at R47.31 yesterday, sitting on decent support after that rand weakness earlier in the week. AUM flows have been choppy but the wealth management side keeps holding up better than pure asset management peers. At these levels you're getting decent yield plus exposure to global markets through their international funds, reckon it's a solid long-term hold if you can stomach the volatility.
NY1 sitting at R47.31 is lekker value if you believe in their global fund management growth story. Assets under management climbing and the wealth advisory side is steady, but rand weakness is a double edged sword for their offshore earnings. Long term play if you can stomach the volatility, serious now.
NY1 sitting at R47.31 and the asset management space is getting squeezed globally but these guys have decent diversification across institutional and wealth. Rand strength helps when you're earning in multiple currencies, beats just being domestic. Long term play if you believe emerging market wealth keeps growing, that's the thesis anyway.
Bought into NY1 at R4833 this morning even though it barely moved today, reckon the financials are due for a run soon but who knows, I've been wrong before.
NY1 jumping 4.06% today, that's the kind of move that makes our stokvel happy because it means the money we pooled is working for us.
The market's 1.57% appreciation today appears disconnected from fundamental deterioration in the asset management industry's structural headwinds. Ninety One's fee compression dynamics, net outflow persistence, and compressed ROIC relative to cost of equity suggest fair value sit
NY1 down 1.28% today but the asset management narrative remains compelling if they can stabilize flows and demonstrate that their ESG-focused boutiques are capturing the thematic tailwinds in global markets. Long-term, the real test is whether fee compression eases and if they ca
NY1 creeping up 0.75% to R4810 today. Asset manager's had a rough patch but these micro-gains suggest the market's not entirely convinced yet. Need to see actual inflows before getting excited.