Anchor Group: Weighing anchor and looking offshore
IM believes Anchor will boost its marketing and distribution capabilities with a greater push offshore
IM last wrote on asset manager Anchor Group in August 2019 with the share price trading at 380c ahead of the release of interim results to June 2019. This is a preview of the soon-to-be-released year-end results to December 2019.
At the interim results stage, Anchor was forecasting good growth in assets under management (AUM), but a flat six months in earnings.