Brooks Macdonald Group (BRK)

Sector:

Financials

Index:

FTSE AIM 100

1,952.50p
   
  • Change Today:
    -35.00p
  • 52 Week High: 2,195.00
  • 52 Week Low: 1,367.50
  • Currency: UK Pounds
  • Shares Issued: 13.95m
  • Volume: 2,248
  • Market Cap: £272.43m
  • RiskGrade: 108

Brooks Macdonald pleased with performance despite weak client sentiment

By Josh White

Date: Wednesday 24 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Investment management company Brooks Macdonald Group updated the market on its trading on Wednesday, reporting positive net flows and investment performance over the year ended 30 June.
The AIM-traded firm said that led to a new record discretionary funds under management total of £13.2b - an increase of 6.8% over the year, of which 3.3% was net new business and 3.5% was investment performance.

That compared to 2.2% for the MSCI WMA Private Investor Balanced Index, and came despite what the board described as "historically low levels" of industry net flows and "exceptionally weak" client sentiment.

Core UK investment management (UKIM) net flows were 5.4% for the year, and within that, the company reported strong net flows into both managed portfolio service (MPS) on platforms of 16.9%, and in the defensive capital fund of 17.7%.

Negative flows were reported in its international operations, driven primarily by the prior loss of a client-facing team, but within that it saw positive net flows of 10.0% in MPS.

Overall yields were described as "broadly stable", with Brooks Macdonald exiting from some lower-yield mandates.

As a result, revenue growth was expected to be "broadly in line" with growth in funds under management.

The board said the efficiency and effectiveness initiatives it announced in January were delivering as planned, resulting in a material improvement in its underlying profit margin, underpinning its confidence in the medium-term outlook.

"We have generated positive net new business over the year and delivered strong investment performance, despite extremely low net flows across the industry and continuing macroeconomic and political uncertainty," said chief executive officer Caroline Connellan.

"We have taken decisive steps to streamline our business, drive increased efficiency and effectiveness, and reinforce the foundations of the organisation.

"This has helped us deal with the current challenging environment and positions us well to continue to deliver benefits for both clients and shareholders."

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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.

 

BRK Market Data

Currency UK Pounds
Share Price 1,952.50p
Change Today -35.00p
% Change -1.76 %
52 Week High 2,195.00
52 Week Low 1,367.50
Volume 2,248
Shares Issued 13.95m
Market Cap £272.43m
RiskGrade 108

BRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.86% below the market average4.86% below the market average4.86% below the market average4.86% below the market average4.86% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
31.83% above the market average31.83% above the market average31.83% above the market average31.83% above the market average31.83% above the market average
42.67% above the sector average42.67% above the sector average42.67% above the sector average42.67% above the sector average42.67% above the sector average
Income
62.07% below the market average62.07% below the market average62.07% below the market average62.07% below the market average62.07% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Growth
62.48% below the market average62.48% below the market average62.48% below the market average62.48% below the market average62.48% below the market average
79.03% below the sector average79.03% below the sector average79.03% below the sector average79.03% below the sector average79.03% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BRK Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Sep-19 21-Mar-19
Paid 08-Nov-19 23-Apr-19
Amount 32.00p 19.00p

Trades for 13-Sep-2019

Time Volume / Share Price
11:44 11,669 @ 1,948.00p
11:44 12,500 @ 1,952.50p
15:07 15 @ 1,916.00p
15:07 50 @ 1,990.00p
15:01 1,000 @ 1,990.00p

BRK Key Personnel

Finance Director Simon Jackson
COO Jason Wood
Chair Alan Thomas Carruthers

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