Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM All-Share

292.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 299.45
  • 52 Week Low: 181.00
  • Currency: UK Pounds
  • Volume: 34,484
  • RiskGrade: 143

Tatton warns of consulting pressures as assets top ?6bn

By Iain Gilbert

Date: Tuesday 16 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Discretionary fund manager and IFA support service Tatton Asset Management continued to grow revenue and adjusted operating profits in its last treading year despite a "complex and challenging" market environment.
Tatton expects to report revenues and operating profits within the range of analyst estimates as assets under management grew 24.5% year-on-year to £6.1bn as net inflows came to £1.1bn over the last 12 months.

The AIM-listed outfit said its Paradigm Mortgage Services subsidiary continued "to grow well" in the year, outperforming the growth of the mortgage market and continuing to gain market share.

However, Tatton noted that while Paradigm Consulting had increased its member firms from 368 to 390, the unit also experienced downward pressure on revenues from consultancy services and the impact of reduced flows on the Paradigm wrap platform.

Founder and chief executive Paul Hogarth said: "To the extent we are pleased with the mortgage services performance we are disappointed with the lack of growth of Paradigm Consulting though it remains an important component of the group's strategic makeup.

"The group remains well positioned to achieve continued growth and deliver against its stated strategy."

As of 0840 BST, Tatton shares had slumped 9.96% to 208p.

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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 292.00p
Change Today -3.00p
% Change -1.02 %
52 Week High 299.45
52 Week Low 181.00
Volume 34,484
RiskGrade 143

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
83.02% above the market average83.02% above the market average83.02% above the market average83.02% above the market average83.02% above the market average
89.33% above the sector average89.33% above the sector average89.33% above the sector average89.33% above the sector average89.33% 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
39.76% below the sector average39.76% below the sector average39.76% below the sector average39.76% below the sector average39.76% below the sector average
Growth
72.80% above the market average72.80% above the market average72.80% above the market average72.80% above the market average72.80% 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 21-Feb-2020

Time Volume / Share Price
16:18 76 @ 290.00p
16:00 600 @ 298.00p
15:19 4,101 @ 289.58p
14:32 10,000 @ 290.00p
14:00 5,000 @ 291.00p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

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