The market responded positively to the hedge fund manager’s acquisition of property investment manager Aalto. But performance and inflows are inconsistent and the prospect of “meaningful” fees looks doubtful. Sell. 122.3p.
Sharecast Revenues are up but Canaccord Genuity is sceptical of the cybersecurity firm’s hopes for profit recovery: cash flow is declining and contracts cancelled or deferred. CG has slashed the target price to 194p. Sell. 228.5p.