Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM All-Share

487.50p
   
  • Change Today:
    -7.50p
  • 52 Week High: 497.75p
  • 52 Week Low: 252.00p
  • Currency: UK Pounds
  • Shares Issued: 57.90m
  • Volume: 8,717
  • Market Cap: £282.26m
  • RiskGrade: 95

Tatton Asset Management profit jumps following revenue growth

By Duncan Ferris

Date: Monday 11 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Tatton Asset Management on Monday reported a double-digit increase in interim profit after revenue surged at its core investment business.
The discretionary fund management firm booked a profit before tax of £3.6m for the six months ended 30 September, 17% higher than the same period last year, as revenue jumped by 15% to £9.7m.

As such, Tatton hiked its interim dividend by 14% to 3.20p per share.

The increase in turnover was driven by the Tatton Investment business, which registered a 35% increase to £5.5m, while Paradigm Mortgages' contribution increased by 11% to £1.4m.

Paradigm Consulting revenue declined by 9% to £2.8m.

Discretionary assets under management (AUM) increased by 23% to £7.0bn after achieving average AUM inflows of more than £73.0m per month.

Margins grew from 50.9% to 53.3%, in what the AIM traded company said was a reflection of operational gearing, with further improvement anticipated as the business continues to grow.

The period closed with the acquisition of Sinfonia Asset Management, which holds five funds with AUM of £135m, for £2.7m.

Chief executive Paul Hogarth said: "While we are mindful of the current political and macro-economic factors, the group continues to trade in line with the board's full year expectations and the board remains optimistic regarding the prospects of the group."

Tatton Asset Management shares were up by 2.10% at 218.50p at 1324 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 487.50p
Change Today -7.50p
% Change -1.52 %
52 Week High 497.75p
52 Week Low 252.00p
Volume 8,717
Shares Issued 57.90m
Market Cap £282.26m
RiskGrade 95

TAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.34% below the market average95.34% below the market average95.34% below the market average95.34% below the market average95.34% below the market average
95.62% below the sector average95.62% below the sector average95.62% below the sector average95.62% below the sector average95.62% below the sector average
Price Trend
87.93% above the market average87.93% above the market average87.93% above the market average87.93% above the market average87.93% above the market average
80.69% above the sector average80.69% above the sector average80.69% above the sector average80.69% above the sector average80.69% above the sector average
Income
6.22% above the market average6.22% above the market average6.22% above the market average6.22% above the market average6.22% above the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Growth
78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average
56.80% above the sector average56.80% above the sector average56.80% above the sector average56.80% above the sector average56.80% 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 24-Jun-21 26-Nov-20
Paid 28-Jul-21 18-Dec-20
Amount 7.50p 3.50p

Trades for 05-Aug-2021

Time Volume / Share Price
16:21 426 @ 477.50p
16:13 954 @ 495.00p
15:47 5,182 @ 497.64p
15:22 803 @ 497.75p
13:54 949 @ 489.33p

TAM Key Personnel

CEO Paul Hogarth
CFO Paul Edwards

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