Brooks Macdonald Share Discussion Threads

[elmfield] 29/8/2018 11:00

Take off,
Fasten seat belts?

[elmfield] 26/7/2018 06:23

Any views on trading update?😀

[steptoe57] 14/3/2018 13:22

Hi Mad thanks for the info, I hope you make progress and get a decent reward. I thought I read somewhere that Brooks did not think they had a legal obligation for the losses, so to go from a 10% offer to full recovery would be some ask. Just as a reference account holders at Beaufort Securities are liable for a 10-15% hair cut due to the liquidation even thou their funds were held in a separate envelope I believe.

[steptoe57] 13/3/2018 10:03

Mad is your £100m based on you recovering all your losses, and can you give me a bit of history and why you think they are liable to repay the full amount?

[mad foetus] 13/3/2018 08:26

I see they have more or less doubled their provision for spearpoint. Based around the previous offer they made me, I think they are now looking at offering me about 10% of what I believe my losses to be. So while they have provisioned £12m, I think it could easily be closer to £100m.

[elmfield] 30/1/2018 17:44

Relief after the last few months,
And on a market down day.

[verymaryhinge] 30/1/2018 12:09

wow - quite a move ..

[elmfield] 29/1/2018 13:25

Good to see a recovery in share price, hope it holds.

[mad foetus] 12/11/2017 10:49

Well, Brooks have written explaining that their sums were wrong and they are going to come back with a new offer shortly. Personally, in terms of what I lost through Spearpoint investing in such rubbish as Origo, Squarestone and Ncondezi is at least 50 times more than the initial offer made to me. It may be worth shorting Brooks to make up for Spearpoint's negligence! The bald eagle should be caged imo.

[mad foetus] 03/10/2017 09:42

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.

[martinthebrave] 21/9/2017 15:05

Bought in today. Results were decent and it looks like the recovery is under way.

[verymaryhinge] 28/7/2017 10:23

this is kitchen sinking by the new CEO i assume..

[mw8156] 28/7/2017 09:50

looks like the headlong rush for growth neglected risk management so now having to catch up,
rather a cursory statement issued and just wondering how getting out of the Spearpoint debacle is going to cost £6m?

[elmfield] 27/7/2017 14:54

A bit harsh?

[1savvyinvestor] 14/6/2017 10:33

I've been invested a year. What a great performance

[elmfield] 02/6/2017 12:29

Nice write up in the IC today.

[elmfield] 09/5/2017 15:16

I thought only
red bull had wings,
But Brk got wings as well.

[elmfield] 05/5/2017 18:12

We are quite well rated already so why the recent rise?
I wonder if someone is going to swallow us up.....?

[elmfield] 15/3/2017 08:58

And still doing it!

[elmfield] 17/3/2016 19:18

Doing what it says on the tin.

[proactivest] 17/3/2016 15:51

Video interview with Andrew Shapherd



“What the pension market needs and what the public needs is to be able to see consistency so they can plan for the years ahead.” That was Andrew Shepherd’s prognosis of this week’s budget announcement by UK Chancellor of the Exchequer George Osborne which avoided big changes to pension legislation.

Shepherd is the deputy chief executive of wealth manager Brooks Macdonald Group plc (LON:BRK), which consists of six principal companies including retirement planning services.

The budget coincided with the company announcing half year results which revealed a 22% rise in pre-tax profit due to across-the-board growth in the company’s asset management, international and funds divisions.

[tomps2] 29/1/2016 17:06

VIDEO: Brooks Macdonald at Equity Development Investor Forum 27.1.16

hxxp://www.piworld.co.uk/2016/01/26/brooks-macdonald-brk-trading-update-26th-january-2016/

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.