AGF Management (B) | StockChase
208
AGF Management (B) (AGF.B-T)

Last Price Recorded: $6.7900 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

investment companies/funds
208
AGF Management (B) (AGF.B-T)

Last Price Recorded: $6.7900 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

investment companies/funds

AGF Management (B)


Signal Opinion Expert
PAST TOP PICK

(A Top Pick July 20/17, Up 0.69%)  He still likes it.  It has an excellent dividend and it could be a takeout candidate.  It will have resistance at $7.25.  It has a cup and handle formation with the handle not quite formed.  If it gets above $8.60 it will be a screaming buy.

investment companies/funds

(A Top Pick July 20/17, Up 0.69%)  He still likes it.  It has an excellent dividend and it could be a takeout candidate.  It will have resistance at $7.25.  It has a cup and handle formation with the handle not quite formed.  If it gets above $8.60 it will be a screaming buy.

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$7.050
Owned Owned
Yes

HOLD
AGF Management (B)(AGF.B-T) 

February 8, 2018

One of Canada’s oldest Mutual Fund companies. 20 billion in retail mutual funds. They got caught within the trap of investors looking for ETFs. They tried to make a shift into the alt space and they had some modest success in the area. They are going to suffer in the short term from a lot of the backlash towards higher fees and underperforming funds. Redemptions seem to have stabilized. Valuation makes sense. Dividend is 4.7% probably safe in the short term.  

investment companies/funds

One of Canada’s oldest Mutual Fund companies. 20 billion in retail mutual funds. They got caught within the trap of investors looking for ETFs. They tried to make a shift into the alt space and they had some modest success in the area. They are going to suffer in the short term from a lot of the backlash towards higher fees and underperforming funds. Redemptions seem to have stabilized. Valuation makes sense. Dividend is 4.7% probably safe in the short term.  

investment companies/funds
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Manag...

PricePrice
$6.900
Owned Owned
Unknown

TOP PICK
AGF Management (B)(AGF.B-T) 

January 26, 2018

The last year on this has been a turnaround story. It has pretty good value and pretty good momentum. It went through a tough patch between 2011 and 2016, tougher regulations, tougher competition. They now have new management, and are rebranding their name. They’re going into infrastructure, factor based exchange traded funds and innovative ideas. (Analysts' price target is $8.75.)

investment companies/funds

The last year on this has been a turnaround story. It has pretty good value and pretty good momentum. It went through a tough patch between 2011 and 2016, tougher regulations, tougher competition. They now have new management, and are rebranding their name. They’re going into infrastructure, factor based exchange traded funds and innovative ideas. (Analysts' price target is $8.75.)

investment companies/funds
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$7.830
Owned Owned
Yes

HOLD
AGF Management (B)(AGF.B-T) 

November 16, 2017

It was a turnaround of sorts and had problems over the years.  They were losing assets and have turned that around.  Once CRA issues are cleared up it should go up.  At some point he thinks someone will buy it.

investment companies/funds

It was a turnaround of sorts and had problems over the years.  They were losing assets and have turned that around.  Once CRA issues are cleared up it should go up.  At some point he thinks someone will buy it.

investment companies/funds
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$8.230
Owned Owned
Unknown

COMMENT
AGF Management (B)(AGF.B-T) 

November 14, 2017

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

investment companies/funds

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$8.210
Owned Owned
No

TOP PICK

This has been having a huge turnaround lately. They brought on a new president who is focused on trying to get the performance more consistent with the underlying funds. That has slowed down the redemptions. Thinks the next step will be where they go from slowing down to where they will actually start to see net inflows. Dividend yield of 4.3%. (Analysts’ price target is $7.)

investment companies/funds

This has been having a huge turnaround lately. They brought on a new president who is focused on trying to get the performance more consistent with the underlying funds. That has slowed down the redemptions. Thinks the next step will be where they go from slowing down to where they will actually start to see net inflows. Dividend yield of 4.3%. (Analysts’ price target is $7.)

investment companies/funds
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$7.260
Owned Owned
Yes

TOP PICK

This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)

investment companies/funds

This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$7.210
Owned Owned
Yes

PAST TOP PICK

* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers.  He thinks the industry as a whole is still going to suffer from the continuing trend.

investment companies/funds

* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers.  He thinks the industry as a whole is still going to suffer from the continuing trend.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$7.000
Owned Owned
Yes

HOLD

This is cheap. They are sitting on a lot of assets and earning fees from them. The asset management base has changed in the last 5 years. There has been a tremendous amount of fee compression. It doesn’t own its own distribution. This is probably fairly valued. Has a very high yield which can sometimes be a concern, but is probably safe for the foreseeable future. If looking for a new name, there are probably other areas where he would look.

investment companies/funds

This is cheap. They are sitting on a lot of assets and earning fees from them. The asset management base has changed in the last 5 years. There has been a tremendous amount of fee compression. It doesn’t own its own distribution. This is probably fairly valued. Has a very high yield which can sometimes be a concern, but is probably safe for the foreseeable future. If looking for a new name, there are probably other areas where he would look.

investment companies/funds
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Manag...

PricePrice
$6.260
Owned Owned
No

SELL
AGF Management (B)(AGF.B-T) 

November 15, 2016

Market Call Minute. There is not a lot of earnings momentum on this, and they have to do a lot internally to get their business model going.

investment companies/funds

Market Call Minute. There is not a lot of earnings momentum on this, and they have to do a lot internally to get their business model going.

investment companies/funds
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$5.020
Owned Owned
Unknown

DON'T BUY
AGF Management (B)(AGF.B-T) 

November 14, 2016

The problem is that they just sell mutual funds and are under huge duress right now to be able to do something more than just that. Expects they will come out with a brand of ETF’s. Net outflows are continuing. It is not a good time to be a mutual fund company. When CRM2 regulations come out, people will start to see exactly what they are paying in fees, which are much, much higher than ETF’s. 6.4% dividend yield.

investment companies/funds

The problem is that they just sell mutual funds and are under huge duress right now to be able to do something more than just that. Expects they will come out with a brand of ETF’s. Net outflows are continuing. It is not a good time to be a mutual fund company. When CRM2 regulations come out, people will start to see exactly what they are paying in fees, which are much, much higher than ETF’s. 6.4% dividend yield.

investment companies/funds
David Driscoll

President & CEO, Liberty Internationa...

PricePrice
$5.000
Owned Owned
No

COMMENT

Has a negative view on this and had it as a Top Short in June. His concern is largely with CRM2 regulations that take place on July 15, that will have a strong impact on companies such as this.

investment companies/funds

Has a negative view on this and had it as a Top Short in June. His concern is largely with CRM2 regulations that take place on July 15, that will have a strong impact on companies such as this.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$5.040
Owned Owned
No

TOP PICK

*SHORT* With the new disclosure rules coming into play on July 15, it is really going to hurt the mutual fund companies. There has been pressure on mutual fund fees and that is going to accelerate once the disclosure rules come into play. Also, ETF’s are going to continue taking market share away from mutual fund companies. Dividend yield of 6.25%.

investment companies/funds

*SHORT* With the new disclosure rules coming into play on July 15, it is really going to hurt the mutual fund companies. There has been pressure on mutual fund fees and that is going to accelerate once the disclosure rules come into play. Also, ETF’s are going to continue taking market share away from mutual fund companies. Dividend yield of 6.25%.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$5.080
Owned Owned
Yes

DON'T BUY

This is a no go.  It is in structural decline.  Fees are far too high considering the competition.  Turnarounds seldom turn.  It is not an investment he is comfortable with.  No analysts have a buy recommendation.

investment companies/funds

This is a no go.  It is in structural decline.  Fees are far too high considering the competition.  Turnarounds seldom turn.  It is not an investment he is comfortable with.  No analysts have a buy recommendation.

investment companies/funds
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$5.240
Owned Owned
No

COMMENT

Doesn’t like dual class shares. Anyone who is in the mutual fund business has a real problem with ETF’s. You can basically duplicate diversification in a portfolio, pick your spots, and decide you will run with that. This wasn’t really available when mutual funds became popular. He would use ETF’s instead.

investment companies/funds

Doesn’t like dual class shares. Anyone who is in the mutual fund business has a real problem with ETF’s. You can basically duplicate diversification in a portfolio, pick your spots, and decide you will run with that. This wasn’t really available when mutual funds became popular. He would use ETF’s instead.

investment companies/funds
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$5.140
Owned Owned
Unknown

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