Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM All-Share

183.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 294.00
  • 52 Week Low: 181.00
  • Currency: UK Pounds
  • Volume: 5,538
  • RiskGrade: 128
  • Beta: 0.01

Tatton's profits explode as advisers jump aboard

By Duncan Ferris

Date: Thursday 15 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management reported on Thursday that its interim profit before tax more than quadrupled in size after a jump in customer numbers.
The six-month period ended 30 September saw profit before tax rise 454% to £3.1m on the back of a 15.7% increase in group revenue to £8.5m and a reduction in administrative expenses from £6.7m to £5.5m.

Paul Hogarth, chief executive of Tatton, said: "We have delivered a positive first half with continued growth in revenue, profit and earnings underlining the strong demand by independent financial advisers for our low-cost discretionary fund management service for the mass affluent. This is particularly reflected in the strong growth of our assets under management and in the increasing number of IFAs and clients we are working with."

A total of 405 adviser firms now use Tatton's discretionary portfolio management service, up 41.6% compared to the same period last year.

The AIM traded outfit's assets under management were 29.5% higher year-on-year at £5.7bn and cash and cash equivalents at the period end stood at £11.6m, up from £10.5m at the same point last year.

"Paradigm Mortgages performed very well and continues to gain market share and we look forward to the re-branding of Paradigm Partners in January 2019. We remain confident of achieving further progress through the rest of the financial year," said Hogarth.

Paradigm Mortgages, Tatton's mortgage and protection distribution business, saw gross lending increase by 25% to £4bn as the number of mortgage firms using its services climbed by 13% to 1,290.

Tatton's shares were down 1.45% at 244.00p at 1150 GMT.

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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.

 

TAM Market Data

Currency UK Pounds
Share Price 183.50p
Change Today 1.00p
% Change 0.55 %
52 Week High 294.00
52 Week Low 181.00
Volume 5,538
Beta 0.01
RiskGrade 128

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.16% below the market average66.16% below the market average66.16% below the market average66.16% below the market average66.16% below the market average
80.56% below the sector average80.56% below the sector average80.56% below the sector average80.56% below the sector average80.56% below the sector average
Price Trend
29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average
21.33% below the sector average21.33% below the sector average21.33% below the sector average21.33% below the sector average21.33% below the sector average
Income
42.66% above the market average42.66% above the market average42.66% above the market average42.66% above the market average42.66% above the market average
12.64% below the sector average12.64% below the sector average12.64% below the sector average12.64% below the sector average12.64% below the sector average
Growth
50.25% above the market average50.25% above the market average50.25% above the market average50.25% above the market average50.25% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

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
  Final Interim
Ex-Div 13-Jun-19 22-Nov-18
Paid 12-Jul-19 14-Dec-18
Amount 5.60p 2.80p

Trades for 20-Sep-2019

Time Volume / Share Price
15:36 5,000 @ 183.80p
13:38 538 @ 183.56p
12:51 8,485 @ 181.00p
12:51 38,450 @ 181.00p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

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