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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 600.00p
Change Today:
-10.00p
Market Cap:
353.49m
Sector:
Financial Services

Tatton Asset Management profit jumps following revenue growth

By Duncan Ferris

Date: Monday 11 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management on Monday reported a double-digit increase in interim profit after revenue surged at its core investment business.
The discretionary fund management firm booked a profit before tax of 3.6m for the six months ended 30 September, 17% higher than the same period last year, as revenue jumped by 15% to 9.7m.

As such, Tatton hiked its interim dividend by 14% to 3.20p per share.

The increase in turnover was driven by the Tatton Investment business, which registered a 35% increase to 5.5m, while Paradigm Mortgages' contribution increased by 11% to 1.4m.

Paradigm Consulting revenue declined by 9% to 2.8m.

Discretionary assets under management (AUM) increased by 23% to 7.0bn after achieving average AUM inflows of more than 73.0m per month.

Margins grew from 50.9% to 53.3%, in what the AIM traded company said was a reflection of operational gearing, with further improvement anticipated as the business continues to grow.

The period closed with the acquisition of Sinfonia Asset Management, which holds five funds with AUM of 135m, for 2.7m.

Chief executive Paul Hogarth said: "While we are mindful of the current political and macro-economic factors, the group continues to trade in line with the board's full year expectations and the board remains optimistic regarding the prospects of the group."

Tatton Asset Management shares were up by 2.10% at 218.50p at 1324 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 600.00p
Change Today -10.00p
52 Week High 610.00p
52 Week Low 269.00p
Volume 34,022
Shares Issued 58.91m
Market Cap 353.49m
Beta 0.03

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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 26-Nov-2021

Time Volume / Share Price
16:35 34 @ 600.00p
16:22 156 @ 600.00p
15:05 4,500 @ 599.60p
14:35 6,000 @ 581.00p
13:17 126 @ 596.96p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards