Fiske (FKE)

Sector:

Financials

 72.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 90.00
  • 52 Week Low: 67.50
  • Currency: UK Pounds
  • Shares Issued: 11.83m
  • Volume: 0
  • Market Cap: £8.58m
  • RiskGrade: 104

Fiske swings to very modest profit

By Josh White

Date: Friday 01 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Stockbroking and investment management firm Fiske reported a return to profit for the year to 31 May on Friday, with its pre-tax profit reaching £31k, compared to a loss for the prior year of £1.32m.
The AIM-traded firm said its revenues rose by 22% in its final results, while its operating expenses fell by 13%, leading to the "significant improvement" in profitability.

It also said its commission revenues rose by 15% to £2.23m, and its investment management fees rose by 43% to £0.97m.

"This was in part due to the integration of our ISA business onto our new platform alongside the appreciation of our assets under management and the gradual migration of clients to a fee based charging structure," said chairman Clive Fiske Harrison.

The annual dividend from the company's Euroclear holding was received at the end of the second half, which meant the firm received the majority of two years' dividends in the year to May.

A portion of the 2017 dividend remained unpaid whilst Fiske reclaimed part of the Swiss withholding tax, however.

"During the year currency movements have led to an appreciation in the carrying value of our holding in Euroclear which is denominated in euros," Fiske Harrison added.

"The relative strength of the euro against sterling has resulted in a further appreciation of £243,000."

Fiske's holding was now valued at £2.44m.

"We maintain our strong financial position with a further improvement in our cash balances to £1.04m at 31 May.

"This is up from £863,000 at 30 November 2016 and £405,000 at 31 May 2016."

Fiske's board resolved not to pay a second interim dividend for the year, it confirmed.

"The first half of our financial year has begun in a positive fashion with business levels in line with the previous year," commented Clive Fiske Harrison on the firm's outlook.

"We will be devoting time in the next few months to the integration of the Fieldings team and look forward to working with our new colleagues."

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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.

 

Fiske Market Data

Currency UK Pounds
Share Price 72.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 90.00
52 Week Low 67.50
Volume 0
Shares Issued 11.83m
Market Cap £8.58m
RiskGrade 104

Fiske Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.09% below the market average3.09% below the market average3.09% below the market average3.09% below the market average3.09% below the market average
20.66% below the sector average20.66% below the sector average20.66% below the sector average20.66% below the sector average20.66% below the sector average
Price Trend
62.38% above the market average62.38% above the market average62.38% above the market average62.38% above the market average62.38% above the market average
56.20% above the sector average56.20% above the sector average56.20% above the sector average56.20% above the sector average56.20% above the sector average
Income Not Available
Growth
20.83% above the market average20.83% above the market average20.83% above the market average20.83% above the market average20.83% above the market average
4.2% below the sector average4.2% below the sector average4.2% below the sector average4.2% below the sector average4.2% below the sector average

Fiske Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 26-Feb-15 24-Sep-14
Paid 20-Mar-15 17-Oct-14
Amount 0.25p 0.35p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Fiske Key Personnel

Chair Clive F Harrison
CEO James Philip Quibell Harrison

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