Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM 100

471.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 506.00
  • 52 Week Low: 329.00
  • Currency: UK Pounds
  • Shares Issued: 60.06m
  • Volume: 10,142
  • Market Cap: £283.16m
  • RiskGrade: 95

Tatton Asset Management profit jumps following revenue growth

By Duncan Ferris

Date: Monday 11 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management on Monday reported a double-digit increase in interim profit after revenue surged at its core investment business.
The discretionary fund management firm booked a profit before tax of £3.6m for the six months ended 30 September, 17% higher than the same period last year, as revenue jumped by 15% to £9.7m.

As such, Tatton hiked its interim dividend by 14% to 3.20p per share.

The increase in turnover was driven by the Tatton Investment business, which registered a 35% increase to £5.5m, while Paradigm Mortgages' contribution increased by 11% to £1.4m.

Paradigm Consulting revenue declined by 9% to £2.8m.

Discretionary assets under management (AUM) increased by 23% to £7.0bn after achieving average AUM inflows of more than £73.0m per month.

Margins grew from 50.9% to 53.3%, in what the AIM traded company said was a reflection of operational gearing, with further improvement anticipated as the business continues to grow.

The period closed with the acquisition of Sinfonia Asset Management, which holds five funds with AUM of £135m, for £2.7m.

Chief executive Paul Hogarth said: "While we are mindful of the current political and macro-economic factors, the group continues to trade in line with the board's full year expectations and the board remains optimistic regarding the prospects of the group."

Tatton Asset Management shares were up by 2.10% at 218.50p at 1324 GMT.

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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.

 

TAM Market Data

Currency UK Pounds
Share Price 471.50p
Change Today 1.50p
% Change 0.32 %
52 Week High 506.00
52 Week Low 329.00
Volume 10,142
Shares Issued 60.06m
Market Cap £283.16m
RiskGrade 95

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average88.83% below the market average
86.89% below the sector average86.89% below the sector average86.89% below the sector average86.89% below the sector average86.89% below the sector average
Price Trend
67.79% above the market average67.79% above the market average67.79% above the market average67.79% above the market average67.79% above the market average
67.44% above the sector average67.44% above the sector average67.44% above the sector average67.44% above the sector average67.44% above the sector average
Income
9.93% below the market average9.93% below the market average9.93% below the market average9.93% below the market average9.93% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Growth
33.95% above the market average33.95% above the market average33.95% above the market average33.95% above the market average33.95% above the market average
3.39% above the sector average3.39% above the sector average3.39% above the sector average3.39% above the sector average3.39% above the sector average

What The Brokers Say

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

TAM Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Dec-22 23-Jun-22
Paid 16-Dec-22 02-Aug-22
Amount 4.50p 8.50p

Trades for 03-Feb-2023

Time Volume / Share Price
11:48 5,142 @ 465.00p
08:00 1,500 @ 465.50p
08:00 1,500 @ 465.50p
08:00 1,000 @ 465.50p
08:00 1,000 @ 465.50p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

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