Brooks Macdonald Group (BRK)

Sector:

Financials

Index:

FTSE AIM 100

 2,020.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,160.00p
  • 52 Week Low: 1,590.00p
  • Currency: UK Pounds
  • Shares Issued: 16.47m
  • Volume: 18,881
  • Market Cap: £332.74m
  • RiskGrade: 164

Brooks Macdonald pleased with third quarter performance

By Josh White

Date: Thursday 14 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Brooks Macdonald said in an update on Thursday that continued positive net flows of £0.2bn in its third quarter were offset by weaker global markets.
The AIM-traded firm said "pre-existing macroeconomic difficulties" had been exacerbated by the economic consequences of the war in Ukraine in the three months ended 31 March, leading to a decrease of 3.9% in total funds under management in the period.

Funds under management ended the period at £16.7b, which was still 1.2% ahead of the group total at the start of the financial year on 30 June.

Group net flows continued positively at £0.2bn for the quarter, corresponding to annualised net flows of 4.1%, in line with the guidance given by the company at its interim results.

Positive BPS and MPS flows contributed to net inflows of £0.2bn, or 1.7%, for UKIM Discretionary, the board said.

MPS generated strong flows, with Platform MPS and BMIS continuing to build momentum and delivering combined annualised net flows of 39% in the quarter.

The company said its overall pipeline remained healthy, although as it previously guided, current market conditions were expected to affect near-term conversion times.

Underlying business performance, meanwhile, remained in line with Brooks Macdonald's recent guidance, subject to further market movements.

"This has been a solid quarter for Brooks Macdonald, despite the volatile market backdrop driven by the war in Ukraine, with continuing positive net flows providing further evidence of the success of our strategy," said chief executive officer Andrew Shepherd.

"As ever, this is primarily down to the commitment and high quality delivery of our people, who give me great confidence in the group's continued success."

At 1002 BST, shares in Brooks Macdonald Group were down 2.48% at 2,423.3p.

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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.

 

BRK Market Data

Currency UK Pounds
Share Price 2,020.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 2,160.00p
52 Week Low 1,590.00p
Volume 18,881
Shares Issued 16.47m
Market Cap £332.74m
RiskGrade 164

BRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.93% above the market average4.93% above the market average4.93% above the market average4.93% above the market average4.93% above the market average
64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average
Price Trend
13.62% above the market average13.62% above the market average13.62% above the market average13.62% above the market average13.62% above the market average
12.07% above the sector average12.07% above the sector average12.07% above the sector average12.07% above the sector average12.07% above the sector average
Income
52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average52.85% above the market average
26.47% below the sector average26.47% below the sector average26.47% below the sector average26.47% below the sector average26.47% below the sector average
Growth
67.83% below the market average67.83% below the market average67.83% below the market average67.83% below the market average67.83% below the market average
35.24% below the sector average35.24% below the sector average35.24% below the sector average35.24% below the sector average35.24% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 1
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BRK Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Mar-24 21-Sep-23
Paid 16-Apr-24 03-Nov-23
Amount 29.00p 47.00p

Trades for 18-Jul-2024

Time Volume / Share Price
16:35 23 @ 2,020.00p
16:35 6 @ 2,020.00p
16:35 1 @ 2,020.00p
16:35 1 @ 2,020.00p
16:35 3 @ 2,020.00p

BRK Key Personnel

Chair Maarten Slendebroek

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