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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brooks Macdonald Group Plc | BRK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 15.00 | 0.77% | 1,975.00 | 08:10:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,975.00 | 1,975.00 | 1,975.00 | 1,960.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 19/9/2023 15:35 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 13/7/2023 07:51 by edmonda FUM closed FY23 (30 Jun 23) on £16.9bn, 7.5% up y-o-y (30 Jun 22: £15.7bn) and 0.3% up over Q4 (31 Mar 23: £16.8bn). Q4’s net FUM flow of +£97m continues BM’s impressive run of positive net flows (now spanning nine consecutive quarters) during a period of difficult market conditions and investor nervousness. FY23 net flows totalled +£817m (FY22: +£785m). BM has flagged a healthy pipeline for FY24, although investor sentiment is still subdued.Andrea Montague has been appointed CFO and Executive Director, effective 1 Aug 23, to replace Ben Thorpe, subject to regulatory approval. Andrea has an impressive executive and board track record in the long-term savings and asset management sector. She leaves Aviva where she was Group Chief Risk Officer, and prior to that, Group Chief Financial Controller. BM has indicated it expects FY23 results to be in line with forecasts, although we see a slight change in how revenue is made up (FUM ending the year a little below our previous estimate and average revenue yield expected to be a little higher with the continued rise in interest rates). The slightly lower closing FY23 FUM level reduces our FY24 forecasts: revenue from £131.5m to £128.2m and underlying PBT from £34.1m to £31.2m. Our fundamental valuation reduces to 3,100p per share but is still 38% above the current share price. An additional noteworthy point for investors is the marked uptick in the volume of shares being traded since late 2022, which suggests growing investor interest in BM (see page 2 of the note). Link to note: |
Posted at 27/4/2023 19:02 by maiken BRK one of Investors Chronicle tips of the week this week |
Posted at 13/4/2023 07:44 by edmonda "Impressive consistency in strength of net flows" (new note from Equity Development)BM has recorded yet another quarter of positive net flows: +£373m in Q3 of FY23 (to 31 Mar 23), its eighth in succession. This is a hugely impressive achievement considering the last five of these quarters was a period characterised by market falls, economic uncertainty, and investor nervousness – an environment more typically associated with depressed flows. BM’s net flows have now been above peer group median levels since calendar Q4 of 2021. Our fundamental valuation remains at 3150p per share, 77% above the current share price. We also flag that BM’s P/E ratio of 11.9x is 30% below a peer group median of 17.0, despite its organic growth rate being higher than most peers. We see potential for a re-rating. See link with audio summary here: |
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 12/1/2023 07:47 by edmonda Another solid quarter, guidance confirmed (link to new research note: Brooks Macdonald (BM) continued to build momentum in Q2 of FY23 (to 31 Dec 22), with FUM increasing by 4.5% (+£0.7bn) over the quarter to £16.2bn (end of Q1: £15.5bn). BM chalked up its 7th consecutive quarter of positive net flows of £156m, an annualised rate of 4% of opening FUM. Investment performance contributed £546m to the FUM increase (3.5% of opening FUM, in line with the benchmark MSCI PIMFA Private Investor Balanced Index - capital only). Management have confirmed that underlying profit and margin are running in line with expectations, and our forecasts remain unchanged, although our fundamental valuation ticks up to 3000p per share, which is 44% above the current share price, with the increase due to a reduction in the UK 10-year gilt yield (the risk-free rate used in our DCF valuation). We also highlight that BM’s PER of 14.0 is significantly below a peer group median of 17.3 which doesn’t look justified. We will revisit our forecasts & valuation when H1 results are released on 2 March 2023. |
Posted at 31/8/2022 10:56 by edmonda FY Results presentation - 20th September - sign up here!Brooks Macdonald Group plc, the AIM-listed investment management group, will be conducting an online presentation for investors following the release of their Full Year results. The event will take place at 12.00pm on Tuesday 20th September. Andrew Shepherd, CEO and Ben Thorpe, CFO will be hosting the presentation and answering questions submitted by investors. This is open to all existing and potential shareholders - you can sign up to register here: |
Posted at 03/10/2017 10:42 by mad foetus I was one of the investors affected by the Spearpoint fiasco. I complained to BMC a couple of years ago about it and wrote to Darren Zaman again last week, as They didn't have my current address. If he doesn't come up with a satisfactory response I will set out the facts in full here, as I think they could provide useful insight into the potential liabilities BMC may face. |
Posted at 29/1/2016 17:06 by tomps2 VIDEO: Brooks Macdonald at Equity Development Investor Forum 27.1.16hxxp://www.piworld.c Brooks Macdonald – BRK, Andrew Shepherd, Deputy Chief Executive presents at the Equity Developments investor forum, following the 26.1.16 trading update. BRK launched on AIM in 2005, since which they have consistently grown their profits and funds under management.; without accumulating debt on the balance sheet. Consistency, is one of their key axioms – and it seems true in their results, as well as what they say about their offering. Here, Andrew outlines their business, including asset management, funds, property management and their growing international business. Asset management is currently the main driver of their business, contributing 75% of revenues, 80% of which comes from their UK bespoke portfolio service. In the future, they want to increase discretionary fund management, directed to them through professional advisers. Currently they work with 775 firms (of advisers), and would like to work with 2,500 of the total universe of 14,450. They see great value in strategic alliances. The market is growing, with an ageing population, less company pension provision (few final salary schemes) and the move away from annuities. They see tremendous scope for international growth too. They target an average of 10% pa organic growth in funds under management. Dividends: they pay 2.15%, and have a progressive dividend policy. Going forward, once investment in their back office is complete, they will become increasingly cash generative, so may review their current policy in line with shareholder appetites. As their trading update says, in spite of the challenging markets, investment performance and new business have remained strong. |
Posted at 19/4/2014 23:14 by strollingmolby BRK Management will be presenting at the next AIM Investor Focus event on Wednesday 30 April in London. This is a free daytime event for private investors to attend, held at finnCap's offices near Liverpool St - you can apply for a place using the form here: |
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