Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM 100

455.50p
   
  • Change Today:
    -7.50p
  • 52 Week High: 506.00
  • 52 Week Low: 329.00
  • Currency: UK Pounds
  • Shares Issued: 60.06m
  • Volume: 11,733
  • Market Cap: £273.55m
  • RiskGrade: 95

Tatton assets under management reach £10.8bn in first half

By Josh White

Date: Tuesday 19 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management reported assets under management of £10.79bn at the end of its first half on Tuesday, up from £8.99bn at the start of the period.
The AIM-traded firm said net inflows in the six months ended 30 September totalled £0.65bn, while market and investment performance added a positive £0.5bn and the acquisition of Verbatim funds brought in £0.65bn.

It said it delivered "strong" growth across all of its key metrics, including in revenue, profits and assets under management, as it traded in line with expectations.

Its independent financial adviser support business Paradigm also continued to grow, with mortgage firms increasing to 1,646 from 1,612, and consulting member firms increasing to 418 from 407.

Paradigm Mortgages saw an increase in market activity, driven by the stimulus of the UK government's stamp duty holiday, coupled with an improved lending environment.

As a result, mortgage completions increased 30% year-on-year to £6.5bn, from £5bn at the end of the first half of the 2021 financial year.

"We continued to make excellent progress in the first six months of this financial year delivering very good growth across all parts of our business," said founder and chief executive officer Paul Hogarth.

"We are delighted to have reached £10.8bn of assets under management at the end of September.

"This has been delivered through a combination of strong organic growth of 12.8% and the acquisition of Verbatim funds, announced towards the end of the period, which added a further £0.7bn to the total."

Hogarth said that following the recent acquisition of the Verbatim fund range and the firm's strategic partnership with Fintel, the board was "excited" about the group's future opportunity.

"We are pleased with the start we have made and look forward to developing stronger relationships with the firms over the rest of this year and beyond.

"Alongside this, Paradigm continues to perform well as we continue to attract new firms to our services, with the value of mortgage completions during the period reaching record levels.

"As we look forward to the rest of the year, we are confident of making further progress and delivering against our strategic objectives."

Tatton said it would release its unaudited results for the six months ended 30 September on 17 November.

At 1423 BST, shares in Tatton Asset Management were up 1.52% at 500.5p.

Email this article to a friend

or share it with one of these popular networks:


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 455.50p
Change Today -7.50p
% Change -1.62 %
52 Week High 506.00
52 Week Low 329.00
Volume 11,733
Shares Issued 60.06m
Market Cap £273.55m
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
90.16% below the sector average90.16% below the sector average90.16% below the sector average90.16% below the sector average90.16% below the sector average
Price Trend
70.26% above the market average70.26% above the market average70.26% above the market average70.26% above the market average70.26% above the market average
67.69% above the sector average67.69% above the sector average67.69% above the sector average67.69% above the sector average67.69% above the sector average
Income
7.33% below the market average7.33% below the market average7.33% below the market average7.33% below the market average7.33% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
34.93% above the market average34.93% above the market average34.93% above the market average34.93% above the market average34.93% 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 30-Jan-2023

Time Volume / Share Price
15:25 321 @ 462.49p
13:35 3,500 @ 466.54p
13:34 2,158 @ 462.49p
13:33 1 @ 463.00p
13:33 2,133 @ 468.00p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

Top of Page