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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 warns of consulting pressures as assets top ?6bn

By Iain Gilbert

Date: Tuesday 16 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Discretionary fund manager and IFA support service Tatton Asset Management continued to grow revenue and adjusted operating profits in its last treading year despite a "complex and challenging" market environment.
Tatton expects to report revenues and operating profits within the range of analyst estimates as assets under management grew 24.5% year-on-year to 6.1bn as net inflows came to 1.1bn over the last 12 months.

The AIM-listed outfit said its Paradigm Mortgage Services subsidiary continued "to grow well" in the year, outperforming the growth of the mortgage market and continuing to gain market share.

However, Tatton noted that while Paradigm Consulting had increased its member firms from 368 to 390, the unit also experienced downward pressure on revenues from consultancy services and the impact of reduced flows on the Paradigm wrap platform.

Founder and chief executive Paul Hogarth said: "To the extent we are pleased with the mortgage services performance we are disappointed with the lack of growth of Paradigm Consulting though it remains an important component of the group's strategic makeup.

"The group remains well positioned to achieve continued growth and deliver against its stated strategy."

As of 0840 BST, Tatton shares had slumped 9.96% to 208p.

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