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Investor discussions surrounding Brooks Macdonald Group Plc (BRK) following their recent half-year results reflect a mixed but cautiously positive sentiment. While pre-tax profits saw a slight decline, investors noted that margins improved, which is a favorable sign amidst the backdrop of the market's uncertainty leading to client outflows ahead of the budget announcement. The dividend increase to 30p, covered at a healthy ratio of 1.8 times, has been well-received, indicating financial stability and a commitment to returning value to shareholders.
Commenting on the results, a noteworthy quote from an investor, "Yesterday's half year results bit mixed, but today the market seems to like them," encapsulates the prevailing optimism amidst mixed signals. Overall, discussions suggest that while there are some concerns regarding outflows due to market uncertainties, the improvement in margins and dividend coverage has injected a sense of optimism among investors about the company's resilience and future performance. Investors appear to be taking a watchful approach, balancing their cautious outlook with an appreciation for the company’s financial consistency.
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Brooks Macdonald Group PLC has recently reported its half-year results for the period ending December 31, 2024, showcasing solid financial performance and strategic developments. The company achieved net inflows at an annualized rate of 13% in its Managed Portfolio Service (MPS) Platform business, reflecting strong demand for its investment solutions. This growth was supported by a disciplined approach to cost management, resulting in an increase in the underlying profit margin. Additionally, the company declared an interim dividend of 30p per share, marking a 3.4% increase year-on-year, which underscores its commitment to delivering shareholder value.
Significantly, Brooks Macdonald completed the sale of Brooks Macdonald Asset Management (International) Limited, positioning itself as a focused UK wealth manager. The acquisition of three Financial Planning businesses has broadened its client base, increasing UK clients by approximately 15%. The company has also been active in managing its capital structure, executing share buybacks that included the purchase and cancellation of 5,000 shares at a price of 1,405.00 pence per share. Furthermore, several major shareholders have adjusted their holdings during this period, including notifications from Octopus Investments Limited, Jupiter Fund Management PLC, and Gresham House Asset Management Ltd.
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Yesterday's half year results bit mixed , but today the market seems to like them. Not unreasonably they point out the pre-budget uncertainties led to outflows. Pretax slightly down but margins up and divi up to 30p, covered about 1.8X |
Announced move to FTSE yesterday. Not good from the AIM portfolio viewpoint but less point these days anyway. |
Actually it looks a bit of a rogue trade at the bell, bet it is back under £20 in the morning. |
New 1 yr high. I see the CEO bought some last week, or to be accurate he bought them in May but they forgot to announce it. Hopefully they won't be quite so forgetful about remembering to pay the dividends... |
"FUM up 4.3% in quarter, profit forecast upgraded a touch" |
"Tech investments pave way for staff cuts & margin upside" |
Hi DrDoom, |
Well-flagged sluggish quarter but price fall looks over-done (new report & audio summary here: |
FY Results - Investor Presentation video (15 September 2023) |
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. |
shares edging up in a market edging down- is someone taking a stake in prep for a bid? |
Sheperd ‘senior manager exits dont worry me’.Admits it looks bad. Yes it does. The top two execs seem to spend an awful lot of of time feathering their nests with options and ‘tax efficiency’ schemes of their personal holdings. Perhaps they could dedicate as much time to not loosing key staff and bettering the performance of the company ‘in the interests of their shareholders, not to mention their clients! |
Can you elaborate please Earwacks ? What caught your eye regarding financial run and star pupil ? |
Looks like another financial run for the benefit of the directors rather than shareholders. See they lost their star pupil recently |
BRK one of Investors Chronicle tips of the week this week |
"Impressive consistency in strength of net flows" (new note from Equity Development) |
"Forecasts up on positive outlook, dividend +8%" |
Another solid quarter, guidance confirmed (link to new research note: |
Type | Ordinary Share |
Share ISIN | GB00B067N833 |
Sector | Mgmt Invt Offices, Open-end |
Bid Price | 1,470.00 |
Offer Price | 1,490.00 |
Open | 1,500.00 |
Shares Traded | 43,054 |
Last Trade | 13:24:06 |
Low - High | 1,475.00 - 1,500.00 |
Turnover | 19.05M |
Profit | 9.37M |
EPS - Basic | 0.5673 |
PE Ratio | 26.26 |
Market Cap | 245.33M |
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