Deutsche Bank keeps Liontrust Asset Management at 'sell', lists negatives.

• Liontrust Asset Management
• 27 June 2024 18:57:33

Source: Sharecast

In their opinion, the shares were trading above what could be justified by current fundamentals.

Among other things, they estimated that its assets under management were running about 2% below the level seen in March.

Furthermore, Liontrust had registered about £0.8bn of net outflows thus far in the current quarter, they said.

Other negatives in their opinion included a low industry growth outlook, a strategy that was not obvious and the absence of any catalyst that might return the group to net inflows, a risk to its guidance for operating margins and growing risk to its dividend in future years.