Mattioli Woods Share Discussion Threads

[edmonda] 01/11/2022 07:48

Update says further new client growth in the first 4 months of FY23, but market falls reduced its AUM.

Equity Dev adjusts forecasts and trims Fair Value to 925p/share from 950p – vs 595p last close.

Read/hear summary of new note here (free access):

[kalai1] 13/9/2022 16:12

Mattioli Woods plc posted its Final Results today. Total client assets of the Group and its associate rose 23.1% to £14.9bn, revenue increased 72.8% to £108.2m reflecting both strong organic revenue growth up 10.0% to £62.2m, and a positive contribution from acquisitions of £46.1m. Adjusted EBITDA increased 88.4% to £32.6m, adjusted EBITDA margin rose to 30.1% and adjusted EPS rose 17.5% to 48.3p. Robust and increasingly profitable growth both organically and via acquisition. Strategic medium term goals continue to be to grow the Group's operations towards £300m revenues, £30bn of total client assets and £100m of EBITDA. Valuation is average with forward PE ratio at 12x, PS around 3.9x. Share price has also been trading sideways for over 5 years and lacks momentum. MTW is a solid, growing and profitable wealth management company, but there is no particular rush to buy. Monitor for now...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/MTW/552

[edmonda] 13/9/2022 07:35

It is both, with a great record of accretive deals - and at the bottom line, EPS and DIV show that the combo is working

[spectoacc] 13/9/2022 06:47

Not read in detail, but:

"- Strong organic revenue growth up 10.0% to GBP62.2m (2021: GBP56.6m)

- Positive contribution from acquisitions of GBP46.1m (2021: GBP6.0m)"


A lot of it is bought-in growth it seems.

[edmonda] 13/9/2022 06:37

Impressive FY results from Mattioli Woods today : revs +73%, adj EBITDA up 88.4% to £32.6m on 30.1% margin (vs 27.7% '21), adj EPS up 17.5% to 48.3p, FY div 26.1p up 24%.

Reports 'strong new business pipeline' and CEO says 'outlook for the new financial year remains positive'

[km18] 17/12/2021 17:44

Mattiolli Woods issued a trading update this morning for the 6 months ended November 2021. The Group's trading outlook for the current financial year remains in line with management's expectations. Net inflows into the Group's investment and asset management services and the number of new clients on-boarded in the financial year to date are ahead of the prior year, organic revenue growth was in excess of 10 per cent for the period. Recent acquisitions are performing and integrating well and the Group expects to build further upon its strong track record of successful acquisitions by continuing to assess and progress bolt-on opportunities in the nearer term as well as potentially more substantial opportunities in the longer term. More organic and acquisitive growth. Valuation is mid-range for the Investment Banking & Investment Services sector, balance sheet is solid. And share price is pushing up to new record highs. There is a lot to like here. BUY....from WealthOracleAM

[spectoacc] 24/6/2021 05:49

Thanks @Clangers66. Maybe I'll get mine today then. More than a week since they supposedly "settled".

[clanger66] 23/6/2021 15:48

I received mine around lunchtime. I do agree with you that IG take ages to register the stock on your account. I may use one of my other brokers in future. Ii were much quicker when I directed a previous placing allocation to them.

[spectoacc] 23/6/2021 14:13

Anyone had their PrimaryBid allocation yet? PrimaryBid are generally inept, but this is taking the mickey. Should have settled nearly a week ago.

[jolomo] 26/5/2021 14:37

I agree I thought Maven didn't look cheap. I suppose if can get EBITDA back to 2018/19 levels + the £1m synergy savings becomes more reasonable. MTW also appear confident that can increase performance related-fees.

[mammyoko] 26/5/2021 06:41

Maven looks a bit expensive - 11.3x EBITDA. I can buy Pantheon on 7.5x and III on 7x EBITDA. Any thoughts?

[energeticbacker] 10/2/2021 12:03

Investor's Champion comments:

The shares have struggled to make much progress over recent years and the 21x earnings multiple for May 2021 and £209m valuation looks quite full for a business which is struggling to deliver meaningful growth, with discretionary assets under management of £3.3bn. However, it does earn fees from a bigger base of £10bn+ and revenue is pretty reliable.

[9degrees] 31/10/2020 20:17

advertising on the touch line ticker tape at the International today !! Well done MW

[plasybryn] 23/7/2020 06:52

Does anyone have experience of their IFA services?

[euclid5] 31/3/2020 09:06

The below doesn't bode well for wealth mngrs - below taken from IC analysis on Quilter


Citing a previous sensitivity analysis, Peel Hunt this week warned that a 20 per cent fall in asset values is likely to result in a 30 to 40 per cent impact on wealth managers’ profitability this year. As such, the buyback looks well-timed, though we’ll use the cover to exit with the shares just ahead of our tip (132p, 4 Jun 2019). Hold.

Last IC View: Buy, 139p, 6 Aug 2019

[davebowler] 05/2/2019 09:18

The aptly named Justin Cash at Money Marketing :hTTps://www.moneymarketing.co.uk/mattioli-cuts-staff-numbers-amid-market-caution/?cmpid=mslatest_7333965&utm_medium=email&utm_source=newsletter&utm_campaign=ms_latest&adg=7B585D29-AB77-4683-BD38-CCFAE5440F4C

[realbromley] 16/4/2018 19:47

Nice to see a bit of a rise in this today. Very good company whose share price has been in the doldrums lately despite great performance and results.

[nimrod22] 08/1/2018 08:35

moving up through the 150 and 200 EMA

[eddyeagle1979] 06/7/2017 14:34

Mentioned here yesterday:

hxxp://www.aol.co.uk/money/2017/07/05/2-momentum-growth-stocks-that-could-help-you-retire-early/

[golfhacker56] 19/5/2017 21:02

Bob Woods and Ian Mattioli received their Mbe's off Chuck today! Nice for them to be recognised for all their hard work. Keep it going boys