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 expects FY results to beat analyst forecasts

By Iain Gilbert

Date: Tuesday 20 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Investment manager Tatton Asset Management expects its results for the twelve months ended 31 March to be ahead of all analysts' forecasts.
Tatton said on Tuesday that its Tatton Investment arm had further improved its performance in the second half of the year, with net inflows of £427.0m, an increase of 30% on the first six months of the year, while total inflows for the year were £755,0m, or 11.3% of opening assets under management.

Tatton ended the year with an AUM of £9.0bn, an increase of £2.3 billion or 35.2% for the year.

The AIM-listed group's Paradigm unit was also said to have "performed well", with consulting member firms increasing from 394 to 407 and mortgage firms increasing 4.4% to 1,612.

Paradigm Mortgages saw an increase in market activity in the second half of the year, driven by the stimulus of the government's stamp duty holiday and an improved lending environment, leading to a marked 20% increase in gross lending during the second half of the year to £6.0bn - making an annual total £11.0bn.

Tatton said its performance demonstrated the resilience of its business model and added that the firm remains in "a healthy financial position", with a strong balance sheet and £16.9m of net cash.

Chief executive Paul Hogarth said: "I am pleased to report that TAM continued to make very good progress this last financial year, building on a positive first-half performance and delivering an even stronger second half of the year.

"Our strong performance proves the resilience of our business model which is supported by a high degree of annual recurring revenues and cash flow generation creating a strong balance sheet which is the bedrock of all good businesses. As we enter the new financial year, we carry forward good momentum and expect to make further progress in the execution of our strategy."

As of 0910 BST, Tatton shares were up 8.47% at 410.0p.

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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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