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Invesco Ltd.
IVZ.NISIN: BMG491BT1088SEDOL: B28XP76 |
Rating: HOLD |
Target Price: 19.51 USD |
Investment Horizon: 6 to 12 months |
1Q 09 Update Report
Going forward, we remain concerned about the potential impact of volatility in global financial markets, due to ongoing recession in global economies, particularly in the US and the UK in which Invesco has 66.0% and 15.3% of total AUM exposure respectively, which is likely to be impacted in the near-tomedium term. However, the company has started witnessing more interest from institutional investors (comprising 57.0% of total AUM) in equity market investment…
Company News Alert
On 18 May 2009, Invesco Ltd. (Invesco) announced that it intends to raise US$400 mn through a secondary offering of its common shares. The infusion of liquidity is to be used for general corporate purposes, including debt repayment, support for continued growth and new product development. We believe that the move will boost long term performance. However, with recovery in economic conditions remaining distant, we maintain our HOLD rating for the NYSE common…
1Q 09 News Alert
Invesco Ltd.’s (Invesco) top- and bottom-line deterioriated significantly in 1Q 09 as a result of declining Assets Under Management (AUM) coupled with a rise in other expenses. Performance was below expectations as a result of lower service and distribution fees, lower yield on investment management fees and higher compensation expenses. We anticipate AUM to continue to be adversely impacted by overall weakness in financial markets…
4Q 08 & FY 2008 Update Report
Going forward, we remain concerned about the potential impact of volatility in global financial markets due to ongoing recession in global economies, particularly in the US and the UK, in which Invesco has 65.1% and 15.9% of total AUM exposure respectively, which is likely to adversely impact AUM in the near-to-medium term. Due to uncertainty in equity markets, Invesco has implemented…
4Q 08 & FY 2008 News Alert
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Invesco Ltd.’s (Invesco) 4Q 08 top- and bottom-line were lower than our and market expectations, falling as Assets Under Management (AUM) declined. We anticipate AUM to continue to be adversely impacted by overall weakness in financial market conditions, and maintain our HOLD rating for the NYSE common stock at current levels. We will reassess the NYSE common stock rating for Invesco in our next…
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