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Prices & Quotes - UK Markets - Tatton Asset Management (TAM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 595.00p
Change Today:
-5.00p
Market Cap:
350.54m
Sector:
Financial Services

Tatton's profits explode as advisers jump aboard

By Duncan Ferris

Date: Thursday 15 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management reported on Thursday that its interim profit before tax more than quadrupled in size after a jump in customer numbers.
The six-month period ended 30 September saw profit before tax rise 454% to 3.1m on the back of a 15.7% increase in group revenue to 8.5m and a reduction in administrative expenses from 6.7m to 5.5m.

Paul Hogarth, chief executive of Tatton, said: "We have delivered a positive first half with continued growth in revenue, profit and earnings underlining the strong demand by independent financial advisers for our low-cost discretionary fund management service for the mass affluent. This is particularly reflected in the strong growth of our assets under management and in the increasing number of IFAs and clients we are working with."

A total of 405 adviser firms now use Tatton's discretionary portfolio management service, up 41.6% compared to the same period last year.

The AIM traded outfit's assets under management were 29.5% higher year-on-year at 5.7bn and cash and cash equivalents at the period end stood at 11.6m, up from 10.5m at the same point last year.

"Paradigm Mortgages performed very well and continues to gain market share and we look forward to the re-branding of Paradigm Partners in January 2019. We remain confident of achieving further progress through the rest of the financial year," said Hogarth.

Paradigm Mortgages, Tatton's mortgage and protection distribution business, saw gross lending increase by 25% to 4bn as the number of mortgage firms using its services climbed by 13% to 1,290.

Tatton's shares were down 1.45% at 244.00p at 1150 GMT.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TAM Market Data

Currency UK Pounds
Price 595.00p
Change Today -5.00p
52 Week High 610.00p
52 Week Low 269.00p
Volume 17,895
Shares Issued 58.91m
Market Cap 350.54m
Beta 0.04

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_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 25-Nov-21 24-Jun-21
Paid 17-Dec-21 28-Jul-21
Amount 4.00p 7.50p

Trades for 03-Dec-2021

Time Volume / Share Price
16:16 8,000 @ 605.46p
16:27 22 @ 590.00p
16:21 22 @ 590.00p
16:16 21 @ 590.00p
16:11 22 @ 590.00p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards