Can Man Group PLC maintain revenue momentum amid market challenges?

3 min read | July 04, 2023 06:00 PM AEST | By Team Kalkine Media

Google News:

Can Man Group PLC maintain revenue momentum amid market challenges? — Image source: Shutterstock.com

Recent News

CSL (ASX:CSL): Why Could Healthcare Repair Lift Bluechips?

Why Is CSL (ASX:CSL) Framing Blue-Chip Resilience?

What Makes DroneShield (ASX:DRO) Central to the AI Moat Test?

NEXTDC (ASX:NXT): Why Is Data Centre Power Testing AI Stocks?

Make Kalkine Media
My Trusted Source

Highlights

Man Group PLC (LSE:EMG) is an FTSE-250 index listed Investment Management Company.

During FY22, the firm posted 14.1% YoY growth in core net revenue.

The firm paid a final dividend of 10.10 US cents per share in May 2023 with an ex-dividend date of 06 April 2023.

Man Group PLC (LSE:EMG) is an FTSE-250 index listed Investment Management Company, which focuses on generating attractive performance and client portfolio solutions.

During fiscal year 2022, the firm managed to register approximately 14.1% year-on-year (YoY) growth in core net revenue, while its statutory profit after tax increased by 24.8% YoY.

The company concluded 2022 with net financial assets of USD 983 million (as of 31 December 2022). The firm’s asset under management (AUM) increased to USD 144.7 billion as of 31 March 2023 from USD 143.3 billion as of 31 December 2022.

Also, the company had a net inflow of USD 3.1 billion for the year ended 31 December 2022, and at the end of the first quarter of FY23, net inflow stood at USD 1.1 billion.

Man Group paid a final dividend of 10.10 US cents per share in May 2023 with an ex-dividend date of 06 April 2023. It marked approximately 12.1% year-on-year (YoY) growth in total dividend per share during FY22.

During the first quarter of the fiscal year 2023 (Q1 FY23), Man Group reflected a positive investment performance across different geographies, risk management skills and a flexible operating platform supported by advance technology. Overall, the company remained well-placed to navigate the ongoing challenges and remained confident to generate alpha at scale for clients.

Top 10 Shareholders
The top 10 shareholders collectively form ~34.14% of the total shareholdings. Silchester International Investors, L.L.P. holds the maximum number of shares with ~5.43% shareholding, followed by JPMorgan Asset Management U.K. Limited with ~3.93% shareholding, as depicted in the chart below.

Stock Price Performance

The stock has witnessed a decline of ~1.78% in the last one month and over the last 6 months, it has increased by ~2.94%. The stock has a 52-week low and 52-week high of GBX 202.90 & GBX 293.80, respectively.

Data Source: EODHD/Others, Analysis done by Kalkine Group

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 03 July 2023. The reference data in this report has been partly sourced from EODHD/Others.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.