Arden Partners (ARDN)

Sector:

Financials

Index:

FTSE AIM All-Share

 18.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 35.00p
  • 52 Week Low: 15.00p
  • Currency: UK Pounds
  • Shares Issued: 30.82m
  • Volume: 0
  • Market Cap: £5.55m
  • RiskGrade: 231
  • Beta: 0.05

Arden Partners moves into pre-tax profit

Date: Wednesday 21 Dec 2011

LONDON (ShareCast) - Stockbroker Arden Partners reported a pre-tax profit compared to a loss a year earlier despite challenging market conditions.

Profit before tax came in at £0.6m for the year ended 31 October 2011 from a loss of £0.5m a year earlier. Revenue fell to £12.4m from £13m previously.

Underlying profit before tax slipped to £1.2m during the period from £1.3m while basic earnings per share rose to 2.2p compared to a loss per share of 4.2p.

Chairman Lord Flight said, "Given the significant business pressures I am pleased to report that Arden has remained profitable over the last financial year. The Stockbroking sector is facing perhaps the most difficult and challenging conditions since the 1970's, however the lower overhead base, a strong balance sheet and our Indian franchise should stand Arden in good stead for the new financial year."

Revenue at its Equities Division rose 25% to £7.6m while income from pure commission and agency cheques were little changed from last year. Trading was heavily weighted to the first half.

Arden noted that the second half of the year was particularly challenging with the ongoing problems in the euro zone.

During the year, Arden completed 12 corporate finance transactions, down from 15 transactions in 2010.

Looking ahead the group said it is focussed on ensuring the business runs on the lowest fixed cost base possible and will, therefore, continue to drive costs out of the business in the forthcoming period to ensure when eventually market conditions improve, that Arden is in the strongest position possible to take full advantage.



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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.

 

Arden Partners Market Data

Currency UK Pounds
Share Price 18.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 35.00p
52 Week Low 15.00p
Volume 0
Shares Issued 30.82m
Market Cap £5.55m
Beta 0.05
RiskGrade 231

Arden Partners Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.40% above the market average55.40% above the market average55.40% above the market average55.40% above the market average55.40% above the market average
38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average
Price Trend
80% below the market average80% below the market average80% below the market average80% below the market average80% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income Not Available
Growth
2.59% below the market average2.59% below the market average2.59% below the market average2.59% below the market average2.59% below the market average
17.74% below the sector average17.74% below the sector average17.74% below the sector average17.74% below the sector average17.74% below the sector average

Arden Partners Dividends

  Latest Previous
  Final Final
Ex-Div 28-Feb-19 01-Mar-18
Paid 27-Mar-19 22-Mar-18
Amount 1.00p 1.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

Arden Partners Key Personnel

Chair Mark Ansell
CEO Donald Brown

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