MTW

Mattioli Woods Plc

615.00
-5.00 (-0.81%)
Share Name Share Symbol Market Type Share ISIN Share Description
Mattioli Woods Plc LSE:MTW London Ordinary Share GB00B0MT3Y97 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.81% 615.00 8,108 15:53:25
Bid Price Offer Price High Price Low Price Open Price
610.00 620.00 620.00 615.00 620.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Finance Services 108.23 4.12 8.10 123.00 470.95
Last Trade Time Trade Type Trade Size Trade Price Currency
15:53:57 O 2,900 611.00 GBX

Mattioli Woods (MTW) Latest News (2)

Mattioli Woods (MTW) Discussions and Chat

Mattioli Woods Forums and Chat

Date Time Title Posts
27/4/202316:00Mattioli Woods plc102

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Mattioli Woods (MTW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 14:53:58611.002,90017,719.00O
2023-06-08 14:48:49613.555803,558.60O
2023-06-08 14:00:45613.552761,693.40O
2023-06-08 13:15:59618.453101,917.20O
2023-06-08 13:15:32618.2068420.38O

Mattioli Woods (MTW) Top Chat Posts

Top Posts
Posted at 20/4/2023 08:46 by edmonda
Doherty is a leading player in N Ireland and its purchase adds £635m of AUA and c 1,320 private clients to MTW.

Equity Dev expect the deal to be value accretive and have a Fair Value of 950p/share.

You can read/hear their new note with free access here:
https://www.equitydevelopment.co.uk/research/new-acquisition-adds-scale-looks-value-accretive

Posted at 05/4/2023 12:07 by spooky
With consolidation continuing in the sector, there is every chance that there will be a bid for MTW in my opinion.
Posted at 08/2/2023 10:22 by edmonda
After robust interims(despite challenging markets)and a confident Management outlook, Equity Development keeps its fundamental valuation at 950p per share (over 50% above current price)

As you can read in detailed new research note + audio summary here (free access):

https://www.equitydevelopment.co.uk/research/solid-h1-interim-dividend-6-implies-confidence

Posted at 05/1/2023 12:01 by edmonda
Mattioli Woods: On track to meet forecasts, positive outlook (new research post this morning's Trading Update)

Link to note: https://www.equitydevelopment.co.uk/research/on-track-to-meet-forecasts-positive-outlook

Mattioli Woods (MW) has reported H1-23 revenue (to 30 Nov 22) of £54.9m, 10% up y-o-y (H1-22: £49.9m), with organic revenue growth of over 2%, despite a challenging environment. It remains in a strong financial position, with net cash totalling £38.3m at the end of the period.

Total client assets closed H1 on £14.6bn, a 3.2% y-o-y fall from £15.1bn on 30 Nov 21, but a creditable performance considering the PIMFA Private Investor Balanced Index (net) fell 3.8% over the same period. Gross discretionary AUM totalled £4.9bn, 4% down y-o-y (30 Nov 21: £5.1bn) but pleasingly, positive net inflows of £38.1m was achieved (+0.8% of opening AUM).

MW has highlighted several factors that suggest confidence in the H2 outlook, which remains in line with previous expectations:
- as in previous years, H2 revenue expected to exceed H1 due to end of tax-year advice and second half weighting of client year-ends;
- value of new clients on-boarded in H1 over 10% up y-o-y;
- increased new business pipeline despite market conditions, solid acquisition pipeline;
- all recent acquisitions integrating well, trading in-line or ahead of budget, and have delivered earnings to support full payment of any contingent consideration;
- joint-fundraising between MW and Maven (acquired Jun 21) continued to gain traction with two recent Investor-Partner deals;
- discretionary managed funds performed in line with benchmarks;
- digital client experience enhanced with launch of MWise online investment platform;
- Amati AIM VCT won VCT AIM Quoted Category at Investment Week's Investment Company of the Year Awards 2022.

MW remains on track to meet our forecasts for FY23 and our fundamental valuation of 925p which is 47% above the current share price, remains unchanged. We have updated our peer-comparison valuation which also suggests potential for a re-rerating. MW’s PER of 13.0 is 29% below a wealth management peer group median of 18.2.

Posted at 16/11/2022 15:02 by sphere25
Watch the movement. Market makers are shifting up after the big mopping up at 540p. Buyers have been mopping up at 560p as well and now a few buyers have spotted the movement.

It really needs to break 600p and the bounce would be on. The spread is a pain here, its not a trading share but maybe some relief for longer term holders if it does pop through 600p. CFO bought a decent chunk of 36,171 here too, no idea why they announce it at 18:05 though.

Someone has just paid through the offer of 580p for 7.7k, paying 600p.

Might have been tipped. Maybe someone on social media with decent followers. Unsual stream of buys.

All imo
DYOR

Posted at 11/11/2022 13:11 by sphere25
Taken a small amount here. Curious to see if there is follow through in the market on the back of the big mopping up here.

So the research is there for all to see, but how about the activity in the market to get a possible bottom or even a big bounce?

They're in the market sniffing out value here today - decent yield, clean balance sheet, trading well enough right now so perhaps too big a fall?

It would be bizarre if the chart mimicked the covid move here. Big lurch down to almost identical levels and then a big spike back. The question will be can it lurch back higher?

Worth a watch here as over 5% of the issuance exchanged. Buyers in size have appeared today at 540p and the price has moved higher on the back of it. That looks like buyers have said enough is enough (on the value front) and we're coming in to buy big (and possibly clear all or majority of sellers) to hold for the long term at 540p.

The spread is a pain. If that was tighter, might have been worth a bigger go. More for longee term folk this this one, but the activity and chart movements might turn out to be interesting.

All imo
DYOR

Posted at 01/11/2022 07:48 by edmonda
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):

https://www.equitydevelopment.co.uk/research/client-growth-pipeline-solid-markets-peg-back-forecasts

Posted at 13/9/2022 17:12 by kalai1
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

Posted at 17/12/2021 17:44 by km18
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

https://wealthoracle.co.uk/detailed-result-full/MTW/296

Posted at 26/5/2021 15:37 by jolomo
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.
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