Brooks Macdonald Group (BRK)

Sector:

Financials

Index:

FTSE AIM 100

2,010.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 2,160.00
  • 52 Week Low: 1,590.00
  • Currency: UK Pounds
  • Shares Issued: 16.47m
  • Volume: 12,516
  • Market Cap: £331.10m
  • RiskGrade: 164

Brooks Macdonald reports 'positive' quarter amid downturn

By Josh White

Date: Thursday 14 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Brooks Macdonald Group reported a "positive" fourth quarter in an update on Thursday, benefiting from "strong" client and intermediary relationships and a "resilient" business model.
The AIM-traded firm said it expected full-year results in line with market expectations, adjusted for recent market movements.

It added that, while the pipeline for the 2023 financial year was strong, conversion times continue to be affected by ongoing market uncertainty.

The group recorded positive net flows in the three months ended 30 June of £0.3bn or 1.7%, making for an annualised rate of 6.7%.

That was offset by declining global markets, resulting in an overall 5.9% reduction in the group's closing funds under management to £15.7bn, compared to £16.7bn at the end of March.

UKIM Discretionary delivered net inflows in the quarter of £0.3bn, corresponding to annualised net flows of 10.8%.

Platform MPS and BMIS continued to build momentum, the board said, with combined annualised net flows of 45.6% for the quarter.

Investment performance for the quarter delivered a funds under management reduction of £1.3bn or 7.6%, in line with the MSCI PIMFA Private Investor Balanced Index.

During the financial year ended 30 June, the group achieved positive net flows of £0.8bn or 4.8%, representing an upswing of £1.1bn from the net flows recorded in 2021.

That was offset by the market downturn, the company said, leading to an overall decrease in the group's closing funds under management of 4.8% from the start of the year.

"I am delighted to report our fifth consecutive quarter of positive net flows, bringing our net flows rate up to 6.7% on an annualised basis," said chief executive officer Andrew Shepherd.

"This demonstrates sustained momentum and the robustness of our business model.

"Against the backdrop of declining markets, it is more important than ever to stay connected with our clients and intermediaries, and I am proud of how our people have made a difference for them and helped deliver such strong results."

At 0954 BST, shares in Brooks Macdonald Group were down 5.09% at 2,050p.

Reporting by Josh White at Sharecast.com.

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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 2,010.00p
Change Today -10.00p
% Change -0.50 %
52 Week High 2,160.00
52 Week Low 1,590.00
Volume 12,516
Shares Issued 16.47m
Market Cap £331.10m
RiskGrade 164

BRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.84% above the market average9.84% above the market average9.84% above the market average9.84% above the market average9.84% above the market average
65.77% below the sector average65.77% below the sector average65.77% below the sector average65.77% below the sector average65.77% below the sector average
Price Trend
11.94% below the market average11.94% below the market average11.94% below the market average11.94% below the market average11.94% below the market average
12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average
Income
55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average
29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average
Growth
68.33% below the market average68.33% below the market average68.33% below the market average68.33% below the market average68.33% below the market average
36.54% below the sector average36.54% below the sector average36.54% below the sector average36.54% below the sector average36.54% 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 12-Jul-2024

Time Volume / Share Price
16:35 4 @ 2,010.00p
16:35 2 @ 2,010.00p
16:35 2 @ 2,010.00p
16:23 18 @ 2,010.00p
14:16 2 @ 2,027.20p

BRK Key Personnel

Chair Maarten Slendebroek

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