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BRK Brooks Macdonald Group Plc

45.00 (2.57%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Brooks Macdonald Group Plc BRK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
45.00 2.57% 1,795.00 16:35:22
Open Price Low Price High Price Close Price Previous Close
1,825.00 1,755.00 1,825.00 1,795.00 1,750.00
more quote information »
Industry Sector

Brooks Macdonald BRK Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 19/9/2023 14:35 by edmonda
FY Results - Investor Presentation video (15 September 2023)

Brooks Macdonald Group plc, the AIM-listed investment management group, conducted an online presentation for investors following the release of their Full Year results to 30 June 2023.

Andrew Shepherd, CEO and Andrea Montague, CFO took investors through their continuing strategic progress underlined by strong financial performance, despite challenging market conditions. Highlights of the year included positive net flows, an increased dividend and two completed acquisitions. Management also updated investors on the progress of their growth strategy, and answered a range of questions from viewers.

The full video has been divided into chapters as below:
0:00:00 Beginning & Agenda
0:00:19 Highlights of the Financial Year (CEO, Andrew Shepherd)
0:04:00 Financial Results (CFO, Andrea Montague)
0:11:06 Update on strategy delivery
0:26:46 FY guidance & looking ahead
0:29:06 Questions & Answers

See video here:
Posted at 27/4/2023 18:02 by maiken
BRK one of Investors Chronicle tips of the week this week
Posted at 02/3/2023 10:51 by edmonda
"Forecasts up on positive outlook, dividend +8%"

New research report & audio summary here:

Brooks Macdonald (BM) recorded a solid H1-23 (to 31 Dec 22) with FUM up 4% to £16.2bn, from £15.7bn on 30 Jun 22. Net inflows totalled +£347m and investment performance +£212m (+1.4% compared to -0.3% of the benchmark MSCI PIMFA Private Investor Balanced Index).

A 7th consecutive quarter of positive net flows was recorded, with impressive resilience through the 2022 bear market, pointing to very strong fundamentals when it comes to attracting and retaining client assets. In calendar-2022, BM’s net inflow rate was one of the highest among a London-listed peer group of wealth managers and platforms.

We have upgraded our FY23 and FY24 FUM forecasts on a more positive net flow outlook than we originally assumed, and on a mark to market adjustment of FUM levels. We now forecast £17.4bn FUM at end-FY23 (previously £17.0bn). Our revenue forecast increases from £119.5m to £122.8m on the FUM upgrade, current yields being slightly higher than our original assumptions, and on contributions from acquisitions. Our underlying PBT forecast increases from £31.7m to £34.1m.

Our fundamental valuation increases to 3,150p per share, 57% above the current share price. We also flag that BM’s PER of 13.5 is 36% below a peer group median of 21.2, which doesn’t look justified.
Posted at 16/9/2022 10:27 by kalai1
Brooks McDonald posted FY results for the year ended 30th June 2022 yesterday. Group Funds Under Management closed at £15.7 billion down 4.8% on FY21 as positive net flows were offset by the impact of declining markets on asset values. Net flows for the FY were up 4.8%, representing a £1.1 billion improvement on FY21. Group revenue was up 3.4% to £122.2 million, underlying profit margin was up by 2.3% to 28.2%, in line with the Group's commitment to deliver top quartile margin over the medium term. But investment performance across the range of services was down 9.6% for the year, driven by declining and volatile markets. FY23 underlying profitability is in line with current market expectations, the Group’s medium-term ambition is for net flows around 8-10% p.a. Valuation is average with forward PE ratio around 14.1x, PS ratio at 2.9x. Share price remains in a shallow 12 month correction and lacks momentum. BRK is another solid, small asset manager and well worth monitoring, but there is no rush to buy...

...from WealthOracle

Posted at 10/3/2022 08:11 by edmonda
#BRK We initiate today on Brooks Macdonald. Prospects for revenue and profitability growth look encouraging as we examine a number of key factors including:

Management's ambitious organic and acquisitive growth plans.
BM is operating in a huge market with substantial medium-to-long-term tailwinds.
It has a track record of delivering superior investment returns, which is one of the most important factors used by financial advisers when selecting an investment manager.
FUM growth has been solid in recent years (12% CAGR over 4-5 years), fueled mainly by investment performance and attractive-looking acquisitions, with quarterly flows accelerating sharply over the last 18 months, and expected to contribute more to FUM growth in the future.
It is in the final stages of completing a multi-year re-engineering of operational processes and technology. Benefits are already being realised but a platform for scalability has been created, with the potential to increase profit margins as the business grows.
Funds under management (FUM) totalled £17.3bn on 31 Dec 21 and in its last full financial year (FY21 to 30 Jun 21) BM’s revenue was £118m (up 8.8% on FY20: £109m) and underlying PBT was £30.6m (up 32.5% on FY20: £23.1), which is evidence of operational leverage kicking in.

Based on its growth ambitions (reaching £26-£27bn FUM in the next 5-6 years, excluding growth from acquisitions) and the potential for further operational leverage, our fundamental DCF valuation is 3,250p per share, 49% above the current price (although this gap has widened with recent equity market falls). In addition, BM’s PER of 17.4 is 30% below the sector median of 24.7.
Posted at 08/2/2022 17:19 by km18
...from a while ago...

Brooks MacDonald issued solid final results for the 12 months to 30th June, 2021. Group FUM reached a record level of £16.5 billion (up 20.3% on FY20), Group revenue was up 8.8% to £118.2 million, underlying profit margin was up by 4.7 points to 25.9%, in line with the Group's commitment to deliver top quartile margin over the medium term, investment performance was strong at 15.8% for the year and the total dividend increased by 18.9% to 63.0p (FY20: 53.0p) reflecting the Board's confidence in the Group's prospects. Generally solid all round performance. Valuation is also reasonable on a forward PE ratio of 13, top third for the sector. BRK is certainly not as dynamic as some of its competitors in the investment management arena, but it is still a solid company at a reasonable price going in the right direction and not a bad small-cap financial name to hold in a portfolio. It also pays a 3%+ dividend yield. BUY....from WealthOracleAM
Posted at 17/9/2020 08:15 by boydduk
You could hear a pin drop. Still I will take a company in strong enough position to be increasing its Divi right now
Posted at 28/7/2020 15:32 by saucepan
Hi Folks. A quiet thread. I bought in here in two tranches, yesterday and today.
Some attractive fundamentals, e.g: No debt; ROCE 19.2; Forecast eps growth 177%; 2022 forecast P/E of 10.9; divi paying.

I rather like the current momentum, hoping it will take it back to test highs in fairly short order.
Posted at 24/6/2020 16:45 by tomps2
BRK announced the acquisition of Lloyds Bank International's Channel Islands wealth management and funds business, 24.6.20.

Here, Caroline Connellan, CEO, Andrew Shepherd, CEO of Brooks Macdonald International, and Ben Thorpe, Group Finance Director, outline the highlights of the acquisition, the strategy, the fit and the financial benefits. (In a meeting given to analysts 24.6.20).

Material benefits include:

- Increase in the Group's pro forma funds under management by up to c.8 per cent to over £13 billion

- Expected to be accretive to underlying EPS in the year of acquisition (12 months ending 30 June 2021), with full year accretion of an estimated 8-10 per cent in the Group's first financial year following completion (12 months ending 30 June 2022).

- Consideration representing an estimated post restructuring P/E multiple of 4.5 times in the first full year following completion, on a pro forma basis

- Acquisition funded from existing cash resources.
Posted at 09/5/2017 15:16 by elmfield
I thought only
red bull had wings,
But Brk got wings as well.

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