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Share Name Share Symbol Market Type Share ISIN Share Description
Brooks Macdonald Group Plc LSE:BRK London Ordinary Share GB00B067N833 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -30.00 -1.37% 2,160.00 4,672 16:35:21
Bid Price Offer Price High Price Low Price Open Price
2,110.00 2,210.00 2,110.00 2,110.00 2,110.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 118.21 25.09 125.30 17.2 350
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:19 O 1,376 2,179.9999 GBX

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Date Time Title Posts
12/1/202307:47Brooks Macdonald196
15/12/200611:22DAILY BREAKOUT THREAD1
09/11/200111:52NEED ADVICE ON BROKER!19

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Posted at 04/2/2023 08:20 by Brooks Macdonald Daily Update
Brooks Macdonald Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker BRK. The last closing price for Brooks Macdonald was 2,190p.
Brooks Macdonald Group Plc has a 4 week average price of 2,060p and a 12 week average price of 1,910p.
The 1 year high share price is 2,660p while the 1 year low share price is currently 1,750p.
There are currently 16,189,669 shares in issue and the average daily traded volume is 20,449 shares. The market capitalisation of Brooks Macdonald Group Plc is £349,696,850.40.
Posted at 12/1/2023 07:47 by edmonda
Another solid quarter, guidance confirmed (link to new research note: https://www.equitydevelopment.co.uk/research/another-solid-quarter-guidance-confirmed)

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 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

hxxps://wealthoracle.co.uk/detailed-result-full/BRK/557

Posted at 14/7/2022 07:03 by edmonda
Two themes jump out at us at the close of FY22 (to 30 Jun 22). First, in the first full FY of CEO Andrew Shepherd’s tenure it has been a year of strategic strengthening, characterised by a return to consistent net inflows, following the ‘restructuring’ years of FY20 and FY21, which suffered net outflows. Most impressive now are the net inflows in Q3 and Q4, periods of sharp market falls, which can coincide with net outflows for investment managers.

Second, in absolute terms, investment performance saw gains in Q1 and Q2 (+£227m & +£317m), and sharp declines in Q3 and Q4 (-£850m & -£1,271m) as markets fell.

Our fundamental value reduces from 3,200p per share to 2,900p (also impacted by a slight increase in the discount rate used in our DCF model due to the increase in the 10yr gilt yield). However, with the recent share price fall to 2,160p it stands at a discount to our fundamental value of 34%. With such a strong franchise, evidenced by consistent net inflows in turbulent markets, we think the medium to long term prospects of Brooks Macdonald remain very strong and see potential for a re-rating.

https://www.equitydevelopment.co.uk/research/net-inflows-strengthen-again-but-market-falls-reduce-fum

Posted at 14/4/2022 06:23 by edmonda
Amidst significant market volatility - which often coincides with net outflows for asset and wealth managers - Brooks Macdonald impressively recorded £0.2bn of net Funds Under Management (FUM) inflows during Q3 of FY22 (Jan - Mar 22). This was its fourth consecutive quarter of positive net flows, and indicative of continuing strong momentum in the business.

We have made a small ‘mark to market’ adjustment to our forecasts (FY22 estimate reduces from £17.2bn to £17.1bn, FY23 from £18.8bn to £18.7bn), but remain confident that BM is well placed to achieve its longer-term ambitions (reaching £26-£27bn FUM in the next 5-6 years, excluding acquisitions) and highlight that our fundamental value is 3,200p per share (29% above the current share price), while BM’s PER of 19.8 is 23% below the sector median of 25.7.

https://www.equitydevelopment.co.uk/research/fum-inflow-momentum-continues-in-turbulent-markets

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.

https://www.equitydevelopment.co.uk/research/ambitious-growth-strategy-builds-on-30-year-track-record

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

https://wealthoracle.co.uk/detailed-result-full/BRK/143

Posted at 27/8/2021 10:44 by wad collector
The BB certainly doesn't share enthusiasm either! Quietly growing share price
Posted at 11/3/2021 08:12 by boydduk
Still the market doesn't really share the enthusiasm it appears
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).

Https://www.piworld.co.uk/2020/06/24/brooks-macdonald-brk-acquisition-of-lloyds-bank-internationals-offshore-wealth-management-funds/

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.

Https://www.investegate.co.uk/brooks-macdonald-grp--brk-/rns/acquisition/202006240700068606Q/

Posted at 29/1/2018 13:25 by elmfield
Good to see a recovery in share price, hope it holds.
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