Fintel Share Discussion Threads

[masurenguy] 23/12/2021 07:20

Some more bricks in the wall !

Premier Milton and Carmignac latest of 13 firms to join Fintel's managed distribution service in 2021

Delivered by SimplyBiz & Defaqto, businesses that sit within Fintel, the solution is designed to enhance the services provided to Intermediary Member Firms. The multi-year partnerships will align product providers' outreach to intermediaries through the most effective channels, and ensure consumers receive products better aligned to their needs. SimplyBiz has also announced that Carmignac's new range of model portfolios, as well as nine of Premier Miton's risk-adjusted funds, will join its range of Risk Controlled investment solutions, further embedding the partnerships.

[masurenguy] 08/12/2021 21:03

So what, in your opinion, are the credible alternative options for IFA's ?

[scrapheap] 08/12/2021 19:52

One day the 5%pa compound increase in member fees will have to break as otherwise they'll start losing serious numbers of members - that's along with the headwinds of rampant consolidation taking place and the squeeze on small IFAs which is increasing the numbers set to exit the industry.

It's not sustainable as the £ cost gets ever larger due to that compounding.

[masurenguy] 02/12/2021 07:15

Looks like a very good deal for Fintel.

Fintel announces major distribution partnership with Aviva and Aviva Investors

Fintel (AIM: FNTL), the UK's leading fintech and support services business, today announces a major distribution partnership spanning Aviva and Aviva Investors in a multi-year agreement for its new Distribution as a service (Daas) solution. The solution, launched earlier this year, is a subscription-based service that includes research, data, product design and targeted distribution, enabling product providers to develop and distribute highly targeted propositions, whilst also increasing the effectiveness of their distribution through targeted data sets.

As part of the collaboration, Aviva Investors will launch a new sustainable retirement solution, answering the regulatory call for downside protection in retirement. The solution has been developed in partnership with Fintel, optimally aligning product design to Defaqto's income drawdown tool and ESG specifications. Fintel's SimplyBiz members firms will also benefit from the multi-year partnership with enhanced product inventory and streamlined access to information and resources from across Aviva and Aviva Investors, whilst consumers will receive better targeted products that meet their evolving needs. Aviva Investors has also licensed Fintel's strategic asset allocation model for both the new retirement fund and existing model portfolio solutions, further aligning the long-term revenue and growth of the businesses.

Matt Timmins, Joint CEO of Fintel, commented:"I'm delighted that Aviva has chosen to strengthen our relationship by joining our managed distribution service. As a market connector, Fintel brings together product providers, intermediaries and consumers to inspire better outcomes for all, and this partnership is testament to what can be achieved through industry collaboration. I look forward to seeing the immense benefits this presents to all involved."

[masurenguy] 14/10/2021 06:28

Chairman Share Sales.

Fintel has been notified that 3 trusts whose beneficial owner is Kenneth "Ken" Davy, Non-Executive Interim Chairman, namely "Kenneth Ernest Davy Number 2 (Children's) Settlement 1997", "Jennifer Davy Discretionary Settlement 1997" and "Jennifer Davy Number 2 (Children's) Settlement 1997", have sold 895,422, 895,422 and 895,408 ordinary shares of 1 pence each in the Company respectively, at a price of 220p per share. Ken Davy has informed the Company that he does not intend to dispose of any further interest he has in any Ordinary Shares for a period of six months from today.

Following these sales, Mr. Davy's beneficial interest is 26,137,774 Ordinary Shares, representing approximately 28.60% of the Company's issued share capital.

[masurenguy] 30/9/2021 15:50

Liontrust have added just over 1m shares to increase their stake to 12.16%. Header updated.

[davidosh] 28/9/2021 15:43

Fintel are on the Mello show tonight.

[masurenguy] 28/9/2021 07:17

Fintel to benefit from Tatton Agreement Management IFA clients (Analyst Interview)
September 28, 2021

Fintel Plc (FNTL) is the topic of conversation when Robin Savage, Research Analyst at Zeus Capital joins DirectorsTalk Interviews. Robin talks us through the key elements of the Tatton Asset management transaction from Fintel’s perspective, the impact on forecasts and impact this deal has on valuation.

[its the oxman] 23/9/2021 14:36

Deserves to push higher, but will it?

[melloteam] 23/9/2021 10:38

Just to let shareholders and prospective investors know that Belvoir Group plc, Fintel plc and The Property Franchise Group will be presenting at Mello Events Results Round-Up webinar event on Tuesday 28th September at 4:30pm-8:30pm. There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[masurenguy] 21/9/2021 06:31

A good and solid set of interim results !

Half Year Results for the Six Months ended 30 June 2021

Robust Trading, Digital Acceleration, Strategic Delivery

Fintel, the leading provider of fintech and support services to the UK Retail Financial Services sector, today announces its unaudited consolidated results for the six months ended 30 June 2021.

Financial highlights:

-- Solid Revenue growth - up 10% to £31.7m (H1'20: £28.9m)
-- Strong Adjusted EBITDA*(1) - up 12% to £8.3m (H1'20: £7.4m)
-- Solid adjusted EBITDA*(1) margin - up 60 bps to 26.1% (H1'20: 25.5%)
-- Adjusted PBT*(2) - up 12% to £6.0m (H1'20: £5.4m)
-- Adjusted EPS*(3) - down 2 % to 4.1p (H1'20: 4.2p ), after one off tax charges
-- Robust cash flow conversion*(4) of 81% (H1'20: 65%)
-- Strategic deleveraging - proforma net debt *(5) to EBITDA ratio of c. 0. 2x (H1'20: 1.5x)

Strategic Highlights

-- Strategic disposal of non-core Zest Technology
-- Strategic Technology and Distribution partnership with Tatton Asset Management
-- Strategic disposal of Verbatim Funds
-- Strategic launch of Distribution as a Service ("DaaS") Dividend

The Board intends to pay an interim dividend of 1.0p per share, on or around 4 November 2021.

Matt Timmins, Joint CEO of Fintel plc, commented: "I am delighted to report that Fintel delivered a robust financial performance in the first half of the year , and we remain confident of meeting our full year expectations. We have also made significant strategic progress in the period, signing our largest ever fintech contract in a partnership that includes the disposal of the Verbatim funds, and realised excellent value from the sale of Zest. The launch of "distribution as a service" is off to an excellent start. We have significant financial resources to match our ambitions for the business, both in terms of accelerating organic growth and creating value through acquisitions"

[scrapheap] 15/9/2021 07:34

There's a pattern developing of coming up with an idea to sell to members, it not flying and then getting out after a massive effort to push it.... Employee benefits (zest), structured products (lasted under a year) and now Verbatim investments...

They should focus on the core compliance and technical stuff imho

[masurenguy] 15/9/2021 06:15

Asset Disposal and Strategic Partnership with Tatton Asset Management

Fintel today announces a major strategic partnership with Tatton Asset Management (AIM: TAM) comprising a £7m fintech and distribution agreement and the sale of its fund management business for cash consideration of up to £5.8m. Fintel will provide its market-leading fintech, Defaqto Engage, to up to 2,500 Tatton and Paradigm customers in a 5-year SaaS enterprise partnership generating a minimum revenue of £7m. Fintel will also embed its Managed Distribution Service into Tatton's distribution platform, generating additional revenue as the partnership grows. As part of the strategic partnership Fintel has sold its fund management business, Verbatim, to Tatton for up to £5.8m in cash, with £2.8m received on completion and the balance payable over a 4 year period based on performance. The transaction will be earnings neutral in 2021 and earnings enhancing thereafter.

Matt Timmins, Joint CEO of Fintel, said:"We are excited to announce our first major strategic partnership as Fintel with Tatton Asset Management. The partnership will expand our fintech customer reach by up to 30% and significantly extend our Managed Distribution Service. The partnership provides a fantastic foundation to further grow our SaaS revenues, delivering market-leading solutions which enable advisers to provide fully compliant advice more profitably. We have admired Tatton's record of delivering investment returns for advisers and growth in their AUM and we are delighted to be working together in partnership."

Interim Results

Fintel intends to publish H1 results for the 6 months ended 30 June 2021 on 21 September 2021.

[its the oxman] 03/9/2021 08:25

Cheers, sounds promising, lots to like, rerating story is the game changer. Decent chance it works out. Big thumbs up.

[masurenguy] 03/9/2021 07:38

Ken Wotton of Gresham House discusses Fintel here - starts circa 33.00

[masurenguy] 02/9/2021 06:27

Fintel PLC New managed distribution solution agreements
02 September 2021

Schroders joins Just, Guardian, BMO and 91 Asset Management to agree multi-year partnerships for Fintel's new managed distribution solution

-- The managed distribution service, launched in 2021, is a first-of-its-kind solution spanning research, data, design and targeted distribution

-- The service enables product providers to build new products and iterate existing products based on the ever changing needs of today's educated, responsible consumer

-- The service is delivered through Fintel's digital portal, allowing partners to access their data, and events and marketing plans, in real time

The new subscription service is another Fintel first and includes market analysis via Fintel's proprietary insights, product design, compliance consultancy and targeted distribution services via Fintel's data sets and events programme, the largest of its kind in the UK. By using the service product providers are able to develop highly tailored propositions using Fintel's segmental and behaviour insights, whilst also increasing the effectiveness of their distribution through targeted data sets. A key outcome expected from the partnerships between Fintel and product providers is for consumers to benefit from better products, more closely aligned to their needs.

This is the latest innovation from Fintel as the company leverages its acquisition of Defaqto to develop new digital, data-led, expert consultancy services. The subscription service will increase the proportion of recurring revenues generated by the Company, improving the quality of earnings to support the growth targets outlined at its Capital Markets Briefing in December 2020.

Matt Timmins, Joint CEO of Fintel, commented: "Fintel operates as the connecting force between product providers, intermediaries and consumers, with a mission to simplify and improve how the market operates through technology, people and insights. The launch of our managed distribution service reflects our commitment to simplify complexity, think bigger and deliver future focused solutions to inspire better outcomes in retail financial services. I am delighted that Schroders, Just, Guardian, BMO and 91 Asset Management have all agreed to multi-year partnerships for our new managed distribution service, and I am confident that they will soon be joined by other leading product manufacturers."

Doug Abbott, Head of UK Intermediary at Schroders, added: " We are delighted to be partnering with Fintel, and we have already seen the benefits of using their unique insight into the market to power highly targeted distribution activity in an efficient manner that benefits us, the adviser and ultimately the end consumer.

David Cooper, Group Marketing and Distribution Director, Just Group, commented : "Retail financial services needs innovative ways of inspiring the best outcomes for end consumers. Just Group have entered a strategic partnership with Fintel that will do just that, using their unique data and insight to power the right distribution activity with the right advisers and the right clients in the most efficient way possible."

[its the oxman] 01/9/2021 13:06

Added a few today 234p. Ready for some positive results hopefully.

[masurenguy] 07/8/2021 14:40

Shareprice up 70% over the past 12 months - currently approaching the 2019 pre-COVID ATH of 250p.

[masurenguy] 21/7/2021 06:58

Excellent update !

Strategic Update & Pre-close Trading Statement

Strategic Progress

-- Successfully disposed of non-core Zest Technology for initial cash consideration of GBP10m .

Financial Highlights

-- Revenues up 10% to GBP31.7m (H1 2020 GBP28.9m)
-- Adjusted EBITDA*(1) up 12% to GBP8.3m (H1 2020 GBP7.4m)
-- Strong Adjusted EBITDA*(1) margin of 26.1% (H1 2020 25.5%)
-- Cash flow conversion*(2) expected to exceed 70% (H1 2020: 65%)

Disposal of Zest

The Company today announces that it has agreed the disposal of non-core Zest Technology ("Zest"), a fully owned subsidiary of Fintel plc, to FPE Capital for an initial consideration of GBP10m, representing a disposal multiple of 22 times (22x) trailing EBITDA (12 months ended 30 June 2021). The disposal proceeds may increase by up to a further GBP1.5m based on revenue delivered in FY21. Zest provides software for the employee benefits market, delivered directly to clients and through licensees. The Board believe this represents excellent value for shareholders for a non-core asset.

Taking into account the net proceeds of the disposal, the Company's pro forma net debt to last 12 months Adjusted EBITDA * (1) ratio would have reduced to c.0.3 times (0.3x) as at 30 June 2021.

Trading update

The Business continued to trade well in the first six months of the year, and in line with the Board's overall expectations. Revenues were up 10% year-on-year with Adjusted EBITDA up 12%. The core membership business has been robust and recovery in the housing market and housing related transactions have contributed to overall growth. Solid progress has been made on the transition towards our new digital operating model, in particular with respect to distribution revenues. Plans to digitise these services are significantly ahead of initial projections, and a further update on overall digital progress will be provided along with the interim results release scheduled for September 2021. Cash conversion continues to be an inherent strength for the business, with in excess of 70% conversion expected to be achieved in the period.

The Board remains confident of its full year expectations for the business, taking into account the disposal of Zest. Fintel intends to publish its interim results for the six months ended 30 June 2021 on 21 September 2021.

[rik shaw] 21/7/2021 06:38

TU and disposal

[masurenguy] 14/6/2021 04:23

The mystery of the large share trades on the 23 March was partially resolved with Gresham House having increased their holding by 52% from 5,960,909 to 9,097,574. There is still no indication who the seller was although this was probably more than shareholder, whose stake at that time was below the 3% reporting threshold. The major shareholdings in the header have been subsequently updated.

[masurenguy] 28/4/2021 06:13

A brief, but very positive, trading statement !

TRADING UPDATE

The Company is pleased to report robust trading in Q1 FY21. Since our last update in March the business continues to trade strongly, increasing our overall confidence for the full year. Strong cash conversion in the period continued to strengthen our balance sheet with net debt to EBITDA reducing to 1x at the end of Q1. Half year results are expected to be published w/c 20 September 2021.

[its the oxman] 30/3/2021 14:47

216-229p spread. Planned to sell at 200p but have held on. Sense this has some momentum now.