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NINETY ONE LIMITEDNINETY ONE LIMITEDNINETY ONE LIMITED

NINETY ONE LIMITED

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NY1 trade ideas

Our opinion on the current state of NY1Ninety-One is an asset management company spun out of Investec and separately listed on Monday 16th March 2020. The listing occurred just as the corona epidemic was causing world stock markets to crash so the shares fell more than 40% below their pre-listing range on the first day. There was no initial public offer (IPO). In our view this massive blue chip share is significantly under-valued at current levels. The company's employees now own 22,5% of its equity. Obviously, this company's performance was impacted by the decline in equities since the pandemic - but the value of its assets under management (AUM) was rising as markets around the world recovered. In its results for the six months to 30th September 2023 the company reported headline earnings per share (HEPS) down 5% and net outflows of GBP4,3bn. The share has recovered fully from the losses during COVID-19 and is trading on a multiple of 10.58. On 14th July 2023 the company reported its assets under management (AUM) on 30 June 2023 as GBP124,8bn - down from a year earlier at GBP 134,9bn. On 17th October 2023 the company reported AUM at GBP123,1bn. The company said, "Rising interest rates and increased geopolitical uncertainty have contributed to continued investor caution. Equity markets have been driven by narrow sectoral and geographic performance". We see this as a solid rand-hedge with good long-term potential. Obviously, this share is directly impacted by the direction of the trend on Wall Street and world markets.
JSE:NY1
by PDSnetSA
Our opinion on the current state of NY1Ninety-One is an asset management company spun out of Investec and separately listed on Monday 16th March 2020. The listing occurred just as the corona epidemic was causing world stock markets to crash so the shares fell more than 40% below their pre-listing range on the first day. There was no initial public offer (IPO). In our view this massive blue chip share is significantly under-valued at current levels. The company's employees now own 22,5% of its equity. Obviously, this company's performance was impacted by the decline in equities since the pandemic - but the value of its assets under management (AUM) was rising as markets around the world recovered. In its results for the year to 31st March 2023 the company reported AUM down 10% at GBP129,3bn and headline earnings per share (HEPS) down 15%. The company said, "Coming off a record year in 2022, we faced the combination of higher inflation, the fastest rise in interest rates since we started the business, heightened geopolitical uncertainty, a liability-driven investing (“LDI”) crisis in the UK, significant bank failures in the developed world and energy shortages across the world". The share has recovered fully from the losses during COVID-19 and is trading on a multiple of 10.46. On 14th July 2023 the company reported its assets under management (AUM) on 30 June 2023 as GBP124,8bn - down from a year earlier at GBP 134,9bn. On 17th October 2023 the company reported AUM at GBP123,1bn. We see this as a solid rand-hedge with good long-term potential. Obviously, this share is directly impacted by the direction of the trend on Wall Street and world markets.
JSE:NY1
by PDSnetSA
NY1An extract from today's research report (A potential trading opportunity). The yellow price candles represent a best probability price action scenario over the short term. The probabilities are based on several factors which may include: short term rating, medium term regime, momentum, support/resistance, candle structure, moving averages and standard deviation among others. These are short term views and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts. These scenarios are subject to change based on sentiment, subsequent price action and company specific or macro news flows. Levels highlighted on the chart.
JSE:NY1Long
by techpers
Ninety One Looking good to R50.82 and about the companyCup and Handle formed which is what we were waiting for. The breakout was quite vigorous and didn't give us the buy signal until Friday where the price opened above the breakout. Now that the price came down a bit gives a great buy signal A conservative trader will continue to wait for the price to retest a bit further. But an opportunist, will buy ASAP. 7>21>200 - Bullish RSI>50 Target R50.82 ABOUT THE COMPANY Ninety One (formerly Investec Asset Management) was founded in South Africa in 1991 by Ian Kantor and Bernard Kantor. The company manages over $140 billion in assets for clients worldwide, including institutions, financial advisors, and individual investors. Ninety One has offices in Africa, Asia, Europe, and the Americas, and employs over 1,800 people globally. In March 2020, Ninety One became a publicly traded company, with a listing on the London Stock Exchange.
JSE:NY1Long
by Timonrosso