Recent Insider Transactions • Jun 04
Key Executive recently sold UK£192k worth of stock On the 27th of May, Thomas Shippey sold around 90k shares on-market at roughly UK£2.14 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Thomas has been a net seller over the last 12 months, reducing personal holdings by UK£384k. New Risk • May 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£192k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 259% Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (70% accrual ratio). Minor Risk Significant insider selling over the past 3 months (UK£192k sold). Tillkännagivande • Feb 12
Ashmore Group plc Declares Interim Dividend, Payable on 30 March 2026 Ashmore Group Plc has declared an interim dividend of 4.8 pence per share (H1 2025: 4.8 pence per share), representing 47% of diluted EPS, which will be paid on 30 March 2026 to all shareholders on the register on 27 February 2026. Tillkännagivande • Nov 08
Ashmore Group Plc Approves Final Dividend for the Year Ended June 30, 2025 Ashmore Group Plc at its AGM held on November 6, 2025 approved to declare a final dividend for the year ended 30 June 2025 of 12.1 pence per Ordinary Share. Tillkännagivande • Sep 26
Ashmore Group Plc, Annual General Meeting, Nov 06, 2025 Ashmore Group Plc, Annual General Meeting, Nov 06, 2025. Location: the de vere grand connaught rooms, 61 65 great queen st, wc2b 5da, london United Kingdom Tillkännagivande • Jul 02
Ashmore Group plc Announces Board Changes Ashmore Group plc announced that Anna Sweeney will join the Board as a Non-Executive Director from 1 August 2025. After an extensive career focusing onbanking and insurance regulation, Anna will bring a wealth of experience to the Board with her deep understanding of risk management, governance and business models across financial services. Anna Sweeney (Non-executive Director): Anna is currently a Non-executive Director and Senior Independent Director of Convex Insurance Limited, as well as a member of its risk committee. She is also an adviser to CYGNVS. Prior to this, Anna spent over 25 years working in banking and insurance regulation, and has a deep understanding of risk management, governance and business models across financial services.From 1996 to 2022 Anna worked at the Bank of England and Financial Services Authority, holding various roles across the banking and insurance sectors. Most recently until 2022 Anna was Executive Director of Risk, Operations and General Insurance at the Bank of England, where she had responsibility for the Risk and Operations function of the Prudential Regulatory Authority, which included the Chief Operating Office, ownership of the PRA's supervisory approach and risk model and support for the Prudential Regulatory Authority's senior committees. During this time, she led a strategic review of the PRA's approach. Anna holds a degree in Modern Languages and European Studies from the University of Bath. Ashmore Group plc also announced that Shirley Garrood will be stepping down from the Board at the end of her current term on 31 July 2025. The Board would like to thank Shirley for her valued contribution to the Board and specifically to the Audit and Risk Committee. After due consideration, the Nominations Committee has determined that Anna will succeed Shirley as Chair of the Audit and Risk Committee, subject to regulatory approval from the Financial Conduct Authority. The Board considers that Anna will be independent on appointment. As a consequence of these changes, the structure of the Board Committees with effect from 1 August 2025 will be as follows: Audit and Risk: Anna Sweeney (Chair); Jennifer Bingham; Thuy Dam; Remuneration: Jennifer Bingham (Chair); Clive Adamson; Thuy Dam; Anna Sweeney; Nominations: Clive Adamson (Chair); Jennifer Bingham; Thuy Dam; Anna Sweeney. Tillkännagivande • Nov 07
Ashmore Group plc Approves Final Dividend for the Year Ended 30 June 2024 Ashmore Group Plc at the at the AGM held on 6 November 2024 approved to declare a final dividend for the year ended 30 June 2024 of 12.1 pence per Ordinary Share. Tillkännagivande • Sep 25
Ashmore Group Plc, Annual General Meeting, Nov 06, 2024 Ashmore Group Plc, Annual General Meeting, Nov 06, 2024. Location: the de vere grand connaught rooms, 61 65 great queen street, wc2b 5da, london United Kingdom Tillkännagivande • May 02
Ashmore Group plc Appoints Jennifer Bingham as Chair of the Remuneration Committee, Effective 1 June 2024 Ashmore Group plc announced that Jennifer Bingham will assume the role of Chair of the Remuneration Committee with effect from 1 June 2024, subject to approval from the Financial Conduct Authority, in addition to her role as Senior Independent Director. Jennifer has served as a member of the Remuneration Committee since 29 June 2018. Following Jennifer's appointment, the structure of the Board Committees will be as follows: Audit and Risk: Shirley Garrood (Chair), Jennifer Bingham, Thuy Dam. Remuneration: Jennifer Bingham (Chair), Clive Adamson Shirley Garrood, Thuy Dam. Nominations: Clive Adamson (Chair), Jennifer Bingham, Shirley Garrood, Thuy Dam. Tillkännagivande • Apr 19
Ashmore Group plc Announces Stepping Down of Helen Beck as Non-Executive Director and Chair of the Remuneration Committee, Effective from 31 May 2024 Ashmore Group Plc announced that Helen Beck is stepping down from her role as Non-executive Director and Chair of the Remuneration Committee when her three-year term ends on 31 May 2024. Upcoming Dividend • Feb 22
Upcoming dividend of UK£0.048 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 02 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.7%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.3%). Declared Dividend • Feb 10
First half dividend of UK£0.048 announced Dividend of UK£0.048 is the same as last year. Ex-date: 29th February 2024 Payment date: 2nd April 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. However, EPS is expected to decline by 17% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 09
First half 2024 earnings released: EPS: UK£0.087 (vs UK£0.065 in 1H 2023) First half 2024 results: EPS: UK£0.087 (up from UK£0.065 in 1H 2023). Revenue: UK£92.3m (down 10% from 1H 2023). Net income: UK£58.2m (up 36% from 1H 2023). Profit margin: 63% (up from 42% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 07
Ashmore Group Plc Declares Interim Dividend, Payable on 2 April 2024 Ashmore Group Plc has declared an interim dividend of 4.8 pence per share (H1 2023: 4.8 pence per share), which will be paid on 2 April 2024 to all shareholders on the register on 1 March 2024. Upcoming Dividend • Oct 26
Upcoming dividend of UK£0.12 per share at 10% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 08 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of British dividend payers (6.8%). Higher than average of industry peers (3.7%). Tillkännagivande • Oct 19
Ashmore Group plc Approves to Declare Final Dividend for the Year Ended 30 June 2023 Ashmore Group plc at its AGM held on October 18, 2023 approved to declare a final dividend for the year ended 30 June 2023 of 12.1 pence per Ordinary Share. Tillkännagivande • Sep 15
Ashmore Group Plc, Annual General Meeting, Oct 18, 2023 Ashmore Group Plc, Annual General Meeting, Oct 18, 2023, at 11:00 Coordinated Universal Time. Location: De Vere Grand Connaught Rooms, 61-65 Great Queen St, London WC2B 5DA London United Kingdom Reported Earnings • Sep 07
Full year 2023 earnings released: EPS: UK£0.12 (vs UK£0.13 in FY 2022) Full year 2023 results: EPS: UK£0.12 (down from UK£0.13 in FY 2022). Revenue: UK£191.0m (down 24% from FY 2022). Net income: UK£83.3m (down 5.9% from FY 2022). Profit margin: 44% (up from 35% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 07
Ashmore Group plc Approves Final Ordinary Dividend for the Year 2023, Payable on 8 December 2023 Ashmore Group Plc announced Final ordinary dividend maintained at 12.1 pence per share, to give total dividends per share of 16.9 pence. If approved by shareholders, the dividend will be paid on 8 December 2023 to all shareholders on the register on 3 November 2023. Upcoming Dividend • Feb 23
Upcoming dividend of UK£0.048 per share at 6.6% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 29 March 2023. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 6.6%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 10
First half 2023 earnings released: EPS: UK£0.065 (vs UK£0.14 in 1H 2022) First half 2023 results: EPS: UK£0.065 (down from UK£0.14 in 1H 2022). Revenue: UK£103.0m (down 24% from 1H 2022). Net income: UK£42.7m (down 54% from 1H 2022). Profit margin: 42% (down from 69% in 1H 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 27
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 03 November 2022. Payment date: 09 December 2022. The company is paying out more than 100% of its profits and is paying out 76% of its cash flow. Trailing yield: 8.3%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (3.6%). Reported Earnings • Sep 03
Full year 2022 earnings released: EPS: UK£0.13 (vs UK£0.36 in FY 2021) Full year 2022 results: EPS: UK£0.13 (down from UK£0.36 in FY 2021). Revenue: UK£250.9m (down 13% from FY 2021). Net income: UK£88.5m (down 63% from FY 2021). Profit margin: 35% (down from 84% in FY 2021). Over the next year, revenue is expected to shrink by 13% compared to a 4.7% decline forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Helen Beck was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Helen Beck was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 24
Upcoming dividend of UK£0.048 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 77%. Trailing yield: 6.3%. Within top quartile of British dividend payers (4.5%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 11
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: UK£0.14 (down from UK£0.19 in 1H 2021). Revenue: UK£135.5m (down 8.5% from 1H 2021). Net income: UK£93.7m (down 27% from 1H 2021). Profit margin: 69% (down from 86% in 1H 2021). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is expected to shrink by 1.5% compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 28
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 10 December 2021. Trailing yield: 4.9%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (2.7%). Reported Earnings • Sep 05
Full year 2021 earnings released: EPS UK£0.36 (vs UK£0.27 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£287.4m (down 11% from FY 2020). Net income: UK£240.1m (up 32% from FY 2020). Profit margin: 84% (up from 56% in FY 2020). Funds under management (FUM) Beginning of period: UK£60.5b End of period: UK£68.4b Net inflows/outflows: UK£868.9m inflow Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 13
Independent Non-Executive Director Anne Pringle has left the company On the 30th of June, Anne Pringle's tenure as Independent Non-Executive Director ended after 8.4 years in the role. As of March 2021, Anne still personally held only 4.41k shares (UK£17k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 04
Group Company Secretary has left the company On the 1st of May, John Taylor's tenure as Group Company Secretary ended after 2.8 years in the role. We don't have any record of a personal shareholding under John's name. John is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 26
New 90-day low: UK£4.14 The company is down 2.0% from its price of UK£4.24 on 27 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.85 per share. Upcoming Dividend • Feb 25
Upcoming Dividend of UK£0.048 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 4th of March. The trailing yield of 3.9% is below the top quartile of British dividend payers (4.5%), but it is higher than industry peers (2.5%). Recent Insider Transactions • Feb 18
CEO & Executive Director recently sold UK£40m worth of stock On the 10th of February, Mark Coombs sold around 9m shares on-market at roughly UK£4.74 per share. This was the largest sale by an insider in the last 3 months. Mark has been a seller over the last 12 months, reducing personal holdings by UK£78m. Reported Earnings • Feb 11
First half 2021 earnings released: EPS UK£0.19 (vs UK£0.17 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£148.1m (down 15% from 1H 2020). Net income: UK£127.7m (up 13% from 1H 2020). Profit margin: 86% (up from 65% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.9%, compared to a 53% growth forecast for the Capital Markets industry in the United Kingdom. Is New 90 Day High Low • Feb 10
New 90-day high: UK£4.78 The company is up 19% from its price of UK£4.01 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.48 per share. Is New 90 Day High Low • Jan 06
New 90-day high: UK£4.69 The company is up 27% from its price of UK£3.69 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£5.10 per share. Is New 90 Day High Low • Dec 17
New 90-day high: UK£4.38 The company is up 16% from its price of UK£3.79 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.87 per share. 
