Ann: Henderson Group - Update of Securities, page-3

I bought another parcel at 3.50 yesterday. I think it's the floor and has bottomed for the third time. Full year results Thursday 9 Feb after market close. Volatility before then is a hint of the likely direction - which I think will be up.

I repeat my opinion HGG will have been run for cash since merger announcement October 3, if not before, so profits should be attractively solid with a titillating small increase in the dividend. It already pays a very respectable 5.7% unfranked.

We aren't in the UK to observe the impact of the BREXIT crisis in detail. Just on human behavior, I expect steady healing and a moderate reassuring inflow of funds.

Janus' SP peaked at $US15.70 October 3 on merger announcement, now $US12.24, so a parallel downturn there.

I think it is a cracker buy.

Ash