This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 236p | 270p (+34p/14%) | 186p (-50p/21%) | 1.5x | 5% |
Observations – For
Observations – Against
Nothing’s changed regarding China with questionable economic data and stock market volatility leaving investors highly wary of emerging markets. US Dollar strength also a headwind with expectations of a retracement of pre-Fed rate hike gains thus far not coming to fruition. This all leaves little in the pot for EM-focused asset managers like ADN.
90% of broker recommendations are now neutral to bearish on the stock, yet we still note brokers are behind the curve with even the most bearish target price sitting 2% above current levels. Expect target price revisions at the very least.
Next Event: Q1 trading update, 27 Jan
Latest Broker 12-Month Consensus: 11% Buy, 50% Hold, 39% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Boomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -10.0 | -15.1 | -27.3 | -40.6 | -41.9 | -47.2 | -37.9 | +9.4 | +11.1 |
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