Absolute Capital Management Holdings
Absolute Capital Management currently manages funds, quoted on the Irish Stock Exchange, each of which seeks to provide investors absolute returns significantly in excess of those on risk-free assets, largely uncorrelated to general movements in stock markets.
Down but far from out
Argo demerged, rump still profitable
Remaining Hedge funds performing better than most of peer group
Concerns over lawsuit leaves market capitalisation lower than cash balances
Publication Date:
October 20 2008
2007 Accounts Published
Argo business now demerged
Outlook dependent on fund performance in Q4
Publication Date:
July 29 2008
Argo demerger explained
As of 15TH June the demerger of Argo was completed and the listed share now represents solely an investment in the rump running the equity funds. The share price naturally fell by more than half on going ex-rights – in fact it fell 80% to 8.75p - as the unquoted shares in Argo are probably worth more than those in ACM.
At the current price of 7p (after subsequent slippage), more than 90% of the share price is covered by cash and investments as at 1st May, 2008.
Publication Date:
June 18 2008
Argo Demerger
Proposed demerger to shareholders of Argo businesses
Allows 'pure' play on strong Argo record
Publication Date:
May 19 2008
Excellent results means forecast upgrade and revised 850p fair value
Profits comfortably ahead of expectations
New management structure
AUM $3.25bn
Publication Date:
July 25 2007