Tatton Asset Management (TAM)

Sector:

Financials

Index:

FTSE AIM All-Share

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

Tatton Asset Management flags improved revenue, earnings

By Josh White

Date: Tuesday 20 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Discretionary fund management and financial adviser support services company Tatton Asset Management said on Tuesday that it delivered a "robust performance" in its first half, continuing to grow revenue and profits.
The AIM-traded firm said it remained on track to deliver results in line with market expectations.

It said group revenue increased 12.6% year-on-year for the six months ended 30 September, to £10.96m, while group adjusted operating profit improved by 21.9% to £5.03m.

Tatton's assets under management increased to £7.811bn from £6.65bn at the end of March, which made for growth of 17.4% over the six months.

Net inflows for the period totalled £328.1m, making for an increase of 4.9% of assets under management.

The company's mortgage distribution and support services company, Paradigm Mortgage Services, saw an increase in member firms of 3.0% to 1,591 members compared to the end of March.

Paradigm Consulting, the group's independent financial adviser support business, increased its members by 2.5%.

"The last six months have been testing times for many businesses and our business model has proved to be resilient and capable of dealing with the challenges presented by the pandemic," said founder and chief executive officer Paul Hogarth.

"We adapted seamlessly to the new trading environment and have maintained face-to-face engagement with our independent financial advisers, where possible.

"We have also redeployed resources to direct online engagement, running multiple interactive virtual events and frequent video investment updates, which have been well received and have proved to be very successful."

Hogarth said Tatton continued to make progress increasing new firm numbers, as its assets under management increased through a combination of positive organic net inflows and strong investment performance.

"Paradigm Consulting has been largely unaffected by the ongoing pandemic and has increased new members, and while Paradigm Mortgages encountered a very challenging environment specifically in the first quarter, it has since remained resilient and is performing well in the current market.

"As we look forward, the group is well positioned to take advantage of the opportunities that lie ahead, and we remain optimistic and confident the group will continue to grow and make progress."

Tatton said its unaudited results for the first half would be announced on 18 November.

At 1056 BST, shares in Tatton Asset Management were up 4.24% at 295p.

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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 497.75
52 Week Low 252.00
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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