Brooks Macdonald Group (BRK)

Sector:

Financials

Index:

FTSE AIM 100

2,000.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 2,130.00
  • 52 Week Low: 1,590.00
  • Currency: UK Pounds
  • Shares Issued: 16.47m
  • Volume: 10,484
  • Market Cap: £329.45m
  • RiskGrade: 164

Brooks Macdonald reports positive net flows in March quarter

By Josh White

Date: Thursday 13 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Investment manager Brooks Macdonald reported positive net flows of £0.4bn for the quarter ended 31 March on Thursday.
The AIM-traded company said that, despite market volatility, investment performance continued to be positive, resulting in a 3.5% increase in total funds under management to £16.8bn.

That represented a 7.2% increase in funds under management since the beginning of the financial year.

The board said the positive net flows were driven by Platform MPS, and within that, the company's business-to-business offering, BM Investment Solutions, which surpassed £1bn in funds under management for the first time.

It said the overall pipeline remained healthy, although market conditions were continuing to affect conversion times.

Brooks Macdonald said its underlying business performance was in line with recent guidance, subject to further market movements.

Group net flows for the quarter were equivalent to an annualised level of 9.2%, while the corresponding annualised figure for the nine months to 31 March was 6.1%, in line with full-year guidance given at the time of its interim results.

"I am delighted to report another strong quarter for Brooks Macdonald, despite market conditions, with net flows reaching a level last seen five years ago, demonstrating the ongoing success of our strategy in action," said chief executive officer Andrew Shepherd.

"I am grateful to our clients, our network of intermediaries, and in particular our people, whose commitment and focus on our clients make these results possible."

At 1323 BST, shares in Brooks Macdonald Group were flat at 1,800p.

Reporting by Josh White for 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 2,000.00p
Change Today -20.00p
% Change -0.99 %
52 Week High 2,130.00
52 Week Low 1,590.00
Volume 10,484
Shares Issued 16.47m
Market Cap £329.45m
RiskGrade 164

BRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average
66.07% below the sector average66.07% below the sector average66.07% below the sector average66.07% below the sector average66.07% below the sector average
Price Trend
6.39% above the market average6.39% above the market average6.39% above the market average6.39% above the market average6.39% above the market average
5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average
Income
53.05% above the market average53.05% above the market average53.05% above the market average53.05% above the market average53.05% 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 19-Jul-2024

Time Volume / Share Price
16:35 1,111 @ 2,000.00p
16:35 288 @ 2,000.00p
16:35 677 @ 2,000.00p
16:35 99 @ 2,000.00p
16:35 1 @ 2,000.00p

BRK Key Personnel

Chair Maarten Slendebroek

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