Bridgepoint Group (Reg S) (BPT)

Sector:

Financials

Index:

FTSE 250

235.00p
   
  • Change Today:
      3.80p
  • 52 Week High: 289.60p
  • 52 Week Low: 166.90p
  • Currency: UK Pounds
  • Shares Issued: 793.63m
  • Volume: 32,869
  • Market Cap: £1,865.02m

Bridgepoint delivers 'strong' FY performance

By Iain Gilbert

Date: Thursday 14 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Private investment firm Bridgepoint delivered a "strong" full-year performance on Thursday and said it was "well placed" for continued growth.
Bridgepoint said standalone organic assets under management were up 7% at €41.0bn, while underlying pre-tax profits grew 12% to £134.0m, giving earnings per share of 14.9p, and underlying earnings were 7% higher at £149.0m. Management fees were up 10% at £265.0m and underlying fee-related earnings increased 28% to £95.0m.

The company added that its acquisition of ECP was expected to close in the second quarter, with fundraising for ECP V, which has a target of €4.0bn, was set to close in April. Including the recently acquired business, assets under management rose 62% year-on-year to €62.0bn.

Chief executive Raoul Hughes said: "2023 has been a very strong year for Bridgepoint with underlying profit growth of 12% year-on-year, on the back of robust investment returns, strong progress on fundraising and fund deployment, and good cost control. 2024 has started equally strongly with fundraising shortly to close for BE VII with commitments on target at €7.0bn.

As of 1010 GMT, Bridgepoint shares were up 0.23% at 262.0p.







Reporting by Iain Gilbert at Sharecast.com

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BPT Market Data

Currency UK Pounds
Share Price 235.00p
Change Today 3.80p
% Change 1.64 %
52 Week High 289.60p
52 Week Low 166.90p
Volume 32,869
Shares Issued 793.63m
Market Cap £1,865.02m

BPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.22% below the market average72.22% below the market average72.22% below the market average72.22% below the market average72.22% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average
6.90% above the sector average6.90% above the sector average6.90% above the sector average6.90% above the sector average6.90% above the sector average
Income
17.09% above the market average17.09% above the market average17.09% above the market average17.09% above the market average17.09% above the market average
4.48% below the sector average4.48% below the sector average4.48% below the sector average4.48% below the sector average4.48% below the sector average
Growth
41.44% below the market average41.44% below the market average41.44% below the market average41.44% below the market average41.44% below the market average
21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average

BPT Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 17-Aug-23
Paid 21-May-24 25-Sep-23
Amount 4.40p 4.40p

Trades for 07-May-2024

Time Volume / Share Price
09:27 243 @ 235.00p
09:23 312 @ 235.20p
09:21 53 @ 235.40p
09:20 278 @ 235.40p
09:20 400 @ 235.40p

BPT Key Personnel

CFO Adam Jones

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