Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM 100

463.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 530.00
  • 52 Week Low: 329.00
  • Currency: UK Pounds
  • Shares Issued: 60.06m
  • Volume: 4,551
  • Market Cap: £278.06m
  • RiskGrade: 95

Tatton Asset Management flags improved revenue, earnings

By Josh White

Date: Tuesday 20 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Discretionary fund management and financial adviser support services company Tatton Asset Management said on Tuesday that it delivered a "robust performance" in its first half, continuing to grow revenue and profits.
The AIM-traded firm said it remained on track to deliver results in line with market expectations.

It said group revenue increased 12.6% year-on-year for the six months ended 30 September, to £10.96m, while group adjusted operating profit improved by 21.9% to £5.03m.

Tatton's assets under management increased to £7.811bn from £6.65bn at the end of March, which made for growth of 17.4% over the six months.

Net inflows for the period totalled £328.1m, making for an increase of 4.9% of assets under management.

The company's mortgage distribution and support services company, Paradigm Mortgage Services, saw an increase in member firms of 3.0% to 1,591 members compared to the end of March.

Paradigm Consulting, the group's independent financial adviser support business, increased its members by 2.5%.

"The last six months have been testing times for many businesses and our business model has proved to be resilient and capable of dealing with the challenges presented by the pandemic," said founder and chief executive officer Paul Hogarth.

"We adapted seamlessly to the new trading environment and have maintained face-to-face engagement with our independent financial advisers, where possible.

"We have also redeployed resources to direct online engagement, running multiple interactive virtual events and frequent video investment updates, which have been well received and have proved to be very successful."

Hogarth said Tatton continued to make progress increasing new firm numbers, as its assets under management increased through a combination of positive organic net inflows and strong investment performance.

"Paradigm Consulting has been largely unaffected by the ongoing pandemic and has increased new members, and while Paradigm Mortgages encountered a very challenging environment specifically in the first quarter, it has since remained resilient and is performing well in the current market.

"As we look forward, the group is well positioned to take advantage of the opportunities that lie ahead, and we remain optimistic and confident the group will continue to grow and make progress."

Tatton said its unaudited results for the first half would be announced on 18 November.

At 1056 BST, shares in Tatton Asset Management were up 4.24% at 295p.

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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 463.00p
Change Today 4.00p
% Change 0.87 %
52 Week High 530.00
52 Week Low 329.00
Volume 4,551
Shares Issued 60.06m
Market Cap £278.06m
RiskGrade 95

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.82% below the market average88.82% below the market average88.82% below the market average88.82% below the market average88.82% 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
64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average64.55% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
5.79% below the market average5.79% below the market average5.79% below the market average5.79% below the market average5.79% below the market average
66.23% below the sector average66.23% below the sector average66.23% below the sector average66.23% below the sector average66.23% below the sector average
Growth
35.33% above the market average35.33% above the market average35.33% above the market average35.33% above the market average35.33% 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 27-Jan-2023

Time Volume / Share Price
13:25 3,262 @ 445.00p
12:13 9 @ 469.58p
11:46 1,280 @ 456.42p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

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