Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM All-Share

295.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 300.00p
  • 52 Week Low: 181.00p
  • Currency: UK Pounds
  • Volume: 129,769
  • RiskGrade: 147

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.

Email this article to a friend

or share it with one of these popular networks:


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 295.00p
Change Today 1.00p
% Change 0.34 %
52 Week High 300.00p
52 Week Low 181.00p
Volume 129,769
RiskGrade 147

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average
80.45% below the sector average80.45% below the sector average80.45% below the sector average80.45% below the sector average80.45% below the sector average
Price Trend
82.50% above the market average82.50% above the market average82.50% above the market average82.50% above the market average82.50% above the market average
90.67% above the sector average90.67% above the sector average90.67% above the sector average90.67% above the sector average90.67% above the sector average
Income
2.52% above the market average2.52% above the market average2.52% above the market average2.52% above the market average2.52% above the market average
37.35% below the sector average37.35% below the sector average37.35% below the sector average37.35% below the sector average37.35% below the sector average
Growth
72.29% above the market average72.29% above the market average72.29% above the market average72.29% above the market average72.29% above the market average
63.93% above the sector average63.93% above the sector average63.93% above the sector average63.93% above the sector average63.93% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 21-Nov-19 13-Jun-19
Paid 13-Dec-19 12-Jul-19
Amount 3.20p 5.60p

Trades for 19-Feb-2020

Time Volume / Share Price
11:19 140,000 @ 290.00p
15:54 7,500 @ 300.00p
15:44 975 @ 299.45p
15:16 145 @ 292.51p
12:46 15,875 @ 300.00p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

Top of Page