You are here

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 Asset Management expects FY results to beat analyst forecasts

By Iain Gilbert

Date: Tuesday 20 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Investment manager Tatton Asset Management expects its results for the twelve months ended 31 March to be ahead of all analysts' forecasts.
Tatton said on Tuesday that its Tatton Investment arm had further improved its performance in the second half of the year, with net inflows of 427.0m, an increase of 30% on the first six months of the year, while total inflows for the year were 755,0m, or 11.3% of opening assets under management.

Tatton ended the year with an AUM of 9.0bn, an increase of 2.3 billion or 35.2% for the year.

The AIM-listed group's Paradigm unit was also said to have "performed well", with consulting member firms increasing from 394 to 407 and mortgage firms increasing 4.4% to 1,612.

Paradigm Mortgages saw an increase in market activity in the second half of the year, driven by the stimulus of the government's stamp duty holiday and an improved lending environment, leading to a marked 20% increase in gross lending during the second half of the year to 6.0bn - making an annual total 11.0bn.

Tatton said its performance demonstrated the resilience of its business model and added that the firm remains in "a healthy financial position", with a strong balance sheet and 16.9m of net cash.

Chief executive Paul Hogarth said: "I am pleased to report that TAM continued to make very good progress this last financial year, building on a positive first-half performance and delivering an even stronger second half of the year.

"Our strong performance proves the resilience of our business model which is supported by a high degree of annual recurring revenues and cash flow generation creating a strong balance sheet which is the bedrock of all good businesses. As we enter the new financial year, we carry forward good momentum and expect to make further progress in the execution of our strategy."

As of 0910 BST, Tatton shares were up 8.47% at 410.0p.

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

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Income
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

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