Henderson Group plc

JHG Details

Janus Henderson Group plc (NYSE: JHG, ASX: JHG) published its first set of results as a combined Group for second quarter and interim results for the six months periods ended 30 June 2017. The Group presents its financial results in accordance with U.S. GAAP which includes the results of Janus Capital Group from the merger closing date. However, in the opinion of Management the profitability of the Group and its ongoing operations is best evaluated using additional non-GAAP financial measures on a pro forma adjusted basis. Janus Henderson reported a net income of $41.7 million ($0.28 per diluted share) for the second quarter 2017, compared with net income of $42.6 million during first quarter 2017, and net income of $46.3 million in the second quarter 2016. Second quarter 2017 net income on a pro forma adjusted basis (adjusted for acquisition and transaction related costs) was $139.8 million, or $0.68 per diluted share. First quarter 2017 net income attributable to Janus Henderson on a pro forma adjusted basis was $102.3 million, or $0.50 per diluted share.


Financial summary; (Source: Company reports)

Assets under management increased to $345 billion, up 4% on a pro forma basis from the first quarter 2017, driven by positive markets and foreign currency translation gains. Further, investment performance was strong and improved notably from the prior quarters to, as at 30 June 2017, 69%, 71% and 89% outperformance of benchmark on a 1-, 3- and 5-year basis, respectively. Total Group net outflows of $1.0 billion, on a pro forma basis, reflect a $6.0 billion improvement from the first quarter 2017, driven by positive Equity flows and moderation in Quantitative Equity outflows. We maintain an “Expensive” recommendation on the stock at the current market price of $45.49


JHG Daily Chart (Source: Thomson Reuters)

Costa Group Holdings Ltd

CGC Details

Recently, Costa Group Holdings Limited (ASX: CGC) has acquired the Lankester Avocado orchards and packing operations from the Lankester family. This strategic acquisition is another step in executing its strategy to build avocados into fifth vertically integrated core produce pillar. The company’s production and supply period will now span from February to August, bringing it closer to achieving 52-week supply. Lankester Avocados is a grower of high quality avocados with three farms located in the Atherton region of Far North Queensland. The business also undertakes packing and marketing activity for third party growers. There are total plantings of 130 hectares across the three farms with the season running from February through to June. With the current circa 370 hectares of avocados Costa has in central Queensland and the South Australian Riverland, this acquisition will bring the Company’s total plantings to circa 500 hectares and allow it to continue to build production scale.We maintain a “Hold” recommendation on the stock at the current market price of $4.98


CGC Daily chart; (Source: Thomson Reuters)

Disclaimer
 
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.