Frenkel Topping Group (FEN)

Sector:

Financials

Index:

FTSE AIM All-Share

46.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 46.50p
  • 52 Week Low: 27.00p
  • Currency: UK Pounds
  • Shares Issued: 75.56m
  • Volume: 69,730
  • Market Cap: £34.76m
  • RiskGrade: 158

Frenkel Topping 'confident' despite stuttering growth

By Duncan Ferris

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Financial adviser and asset manager Frenkel Topping saw its shares dip on Wednesday as its first-half profit before tax fell following the recruitment of additional trainees and graduates.
For the six months ended 30 June, the firm recorded profit before tax of £0.3m, which was down 70% from the same period last year, as revenues remained flat at £3.6m and the company invested in marketing, trainees and a graduate academy.

Paul Richardson, non-executive chairman of Frenkel Topping, said: "The board is confident that, following a significant period of investment in the company's systems and personnel, the company will return to growth in the coming quarters."

An interim dividend of 0.32p per share, up 8% over last year, reflected the board's "confidence in the company's growth trajectory," Frenkel said in a statement.

Cash and cash equivalents stood at £1.8m at 30 June, down from the £1.9m registered at 31 December.

The AIM-traded company's assets under management increased by 1% to £759m and saw assets on its discretionary fund management mandate hit £312m, up from £291m in December.

Frenkel also announced that Richardson is stepping down from his executive chairman role to serve as non-executive chairman with immediate effect.

"I joined the board almost 12 months ago after it had decided that selling the business was not in the best interest of shareholders and after my predecessor had decided to step down. Once on board, the executive team worked together to develop and implement the strategy and culture for growing the business," said Richardson.

Frenkel Topping's shares were down 3.23% at 30.00p at 0936 BST.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FEN Market Data

Currency UK Pounds
Share Price 46.00p
Change Today 2.00p
% Change 4.55 %
52 Week High 46.50p
52 Week Low 27.00p
Volume 69,730
Shares Issued 75.56m
Market Cap £34.76m
RiskGrade 158

FEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.24% above the market average26.24% above the market average26.24% above the market average26.24% above the market average26.24% above the market average
13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average
Price Trend
49.82% above the market average49.82% above the market average49.82% above the market average49.82% above the market average49.82% above the market average
45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average
Income
37.11% below the market average37.11% below the market average37.11% below the market average37.11% below the market average37.11% below the market average
45.68% below the sector average45.68% below the sector average45.68% below the sector average45.68% below the sector average45.68% below the sector average
Growth
16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

FEN Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 30-May-19
Paid 26-Sep-19 28-Jun-19
Amount 0.32p 0.97p

Trades for 29-Jan-2020

Time Volume / Share Price
16:14 50,000 @ 45.00p
17:09 5,000 @ 46.00p
13:10 6,860 @ 46.40p
12:29 4,838 @ 46.50p
10:25 11,000 @ 45.00p

FEN Key Personnel

CFO Stephen Bentley

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