Frenkel Topping Group (FEN)

Sector:

Financials

Index:

FTSE AIM All-Share

51.67p
   
  • Change Today:
      0.17p
  • 52 Week High: 70.00
  • 52 Week Low: 47.00
  • Currency: UK Pounds
  • Shares Issued: 128.01m
  • Volume: 106,361
  • Market Cap: £66.14m
  • RiskGrade: 121

Frenkel Topping delivers 'robust performance' in 2019

By Iain Gilbert

Date: Wednesday 03 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Wealth manager Frenkel Topping said on Wednesday that it had delivered "a robust performance" in 2019, underpinned by the continued implementation of its strategy.
Frenkel Topping posted a 12% year-on-year increase in revenues for the period to £8.6m, while pre-tax profits improved 9% to £1.2m.

The AIM-listed group stated assets under management had grown 4% to £880m, reflecting net inflows and "strong levels" of new business wins, while the firm's balance sheet also remained strong - with net cash and marketable securities of £2.4m as of 30 April.

However, Frenkel warned that since the Bank of England base rate was cut to 0.1% in March, lower interest rates have had a negative impact on the business but despite this, the firm still recommended a 5% increase in total dividends to 1.35p per share.

Looking forward, Frenkel said that despite the impact of Covid-19, it had continued to trade "positively" during the first five months of the year.

"The board believes the business is very well positioned to deliver further growth in this financial year, guided by our deep-rooted culture of integrity, honesty and clearly-defined commercial objectives and reiterates its confidence in the full-year outturn," said chief executive Richard Fraser at the group's closed-door annual general meeting.

As of 1010 BST, Frenkel shares were up 3.80% at 41.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FEN Market Data

Currency UK Pounds
Share Price 51.67p
Change Today 0.17p
% Change 0.32 %
52 Week High 70.00
52 Week Low 47.00
Volume 106,361
Shares Issued 128.01m
Market Cap £66.14m
RiskGrade 121

FEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.16% below the market average57.16% below the market average57.16% below the market average57.16% below the market average57.16% below the market average
88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average
Price Trend
42.4% below the market average42.4% below the market average42.4% below the market average42.4% below the market average42.4% below the market average
27.59% below the sector average27.59% below the sector average27.59% below the sector average27.59% below the sector average27.59% below the sector average
Income
18.94% below the market average18.94% below the market average18.94% below the market average18.94% below the market average18.94% below the market average
78.79% below the sector average78.79% below the sector average78.79% below the sector average78.79% below the sector average78.79% below the sector average
Growth
66.24% above the market average66.24% above the market average66.24% above the market average66.24% above the market average66.24% above the market average
68.22% above the sector average68.22% above the sector average68.22% above the sector average68.22% above the sector average68.22% above the sector average

FEN Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Oct-23 17-Nov-22
Paid 20-Oct-23 02-Dec-22
Amount 1.03p 0.34p

Trades for 28-Mar-2024

Time Volume / Share Price
11:21 54,539 @ 51.75p
11:24 50,000 @ 51.50p
11:37 1,500 @ 51.01p
08:17 322 @ 51.01p

FEN Key Personnel

CEO Richard Fraser
CFO Elaine Cullen-Grant

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