Sanne Group (SNN)

Sector:

Financials

Index:

FTSE 250

600.00p
   
  • Change Today:
    -16.00p
  • 52 Week High: 752.00
  • 52 Week Low: 495.00
  • Currency: UK Pounds
  • Shares Issued: 146.53m
  • Volume: 82,537
  • Market Cap: £879.21m

Sanne says settlement with Jersey regulator will have no material impact

By Duncan Ferris

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Sanne Group said on Wednesday that a £381,010 settlement between its subsidiary, Sanne Fiduciary Services Limited (SFSL) and the Jersey Financial Services Commission (JFSC) is not expected to have any material impact on the group.


The settlement is in relation to the business' historical failure to remediate certain issues in the Jersey business within an agreed timeframe, with the FTSE 250 company having failed to rectify issues identified as early as October 2014 by March 2017.

The regulatory body said it had identified issues related to conflicts of interest, compliance monitoring and planning, timely risk escalation, and staff training particularly in relation to anti money laundering, greater awareness of risk and the importance of record keeping.

Martin Moloney, JFSC director general, said: "The penalty would have been significantly greater had it not been for the work of SFSL's current compliance function, highlighting areas for improvement, and the proactive approach of SFSL's board and senior management team in promptly acknowledging the shortcomings and making the necessary changes to the business."

Broker Liberum welcomed the settlement and the constructive approach taken by the current management to resolve this matter, but expressed concern that the news could have a negative impact on both client and investor sentiment in the short term.

Sanne shares were up 0.14% at 721.00p at 0830 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.

 

Sanne Group Market Data

Currency UK Pounds
Share Price 600.00p
Change Today -16.00p
% Change -2.60 %
52 Week High 752.00
52 Week Low 495.00
Volume 82,537
Shares Issued 146.53m
Market Cap £879.21m

Sanne Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.31% below the market average88.31% below the market average88.31% below the market average88.31% below the market average88.31% below the market average
91.04% below the sector average91.04% below the sector average91.04% below the sector average91.04% below the sector average91.04% below the sector average
Price Trend
23.86% below the market average23.86% below the market average23.86% below the market average23.86% below the market average23.86% below the market average
16.44% below the sector average16.44% below the sector average16.44% below the sector average16.44% below the sector average16.44% below the sector average
Income
54.7% below the market average54.7% below the market average54.7% below the market average54.7% below the market average54.7% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Growth
81.51% above the market average81.51% above the market average81.51% above the market average81.51% above the market average81.51% above the market average
78.51% above the sector average78.51% above the sector average78.51% above the sector average78.51% above the sector average78.51% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sanne Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 18-Oct-19 21-May-19
Amount 4.70p 9.20p

Trades for 27-Jan-2020

Time Volume / Share Price
16:37 20,000 @ 600.84p
16:36 2,364 @ 600.00p
16:35 20,150 @ 600.00p
16:29 5 @ 601.00p
16:29 86 @ 601.00p

Sanne Group Key Personnel

CFO James Ireland
CEO Martin Schnaier

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