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MTW Mattioli Woods Plc

802.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.00% 802.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 802.00 GBX

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Date Time Title Posts
11/9/202407:14Mattioli Woods plc113

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Posted at 11/9/2024 07:14 by tysoepr
Have just had an e-mail from IG Index - they've taken my MTW holdings out of my ISA because they are no longer listed - so I'll now receive the funds outside the ISA too. So a CGT hit and funds taken out of my ISA wrapper. Anyone else getting this with other brokers?
Posted at 08/3/2024 10:18 by 1c3479z
standard 30% premium offered, seems a bit mean considering the depressed share price the days before: 'interesting' rise in the price yesterday indicates the problem in matching the market when some people are acting on info not available to the market as a whole.
Posted at 11/2/2024 11:22 by andyh21mob
Anyone throw light on why MTW share price went from 630 to 490 Sept 2023, then recovered within a month?

Any thoughts on why analysts still saying their current 580 could attain 750/800?
Posted at 08/2/2024 09:32 by edmonda
"H1-24 showcases benefit of diverse income streams" - new research report available here:

H1-24 revenue (to 30 Nov 23) was up 8% y-o-y to £59.1m (H1-23: £54.9m), with 4% organic revenue growth. H2 revenue is typically higher than H1 due to end of tax-year advice and H2 bias of client year-ends, and we maintain our FY24 revenue forecast of £123.6m (+11% y-o-y). Adjusted EBITDA grew 10% from £15.0m to £16.5m with positive effects from organic growth (409 new clients, +13% over H1 23) and a changing revenue mix towards higher-yielding services.

The core pensions business was the standout performer with 21% revenue growth, driven by strong demand for advice and increased banking margin on cash balances.

MW has a strong net cash position of £32.7m, after paying £9.3m of dividends and £6.2m of acquisition-related payments. MW has no debt. Management maintains a confident outlook, with the interim dividend up from 8.8p to 9.0p.

Our revenue forecasts are unchanged with adjusted EBITDA forecasts down slightly due to lower Amati profits but statutory profits increase on higher net finance income. Our fundamental valuation remains unchanged at 900p per share (53% above the current share price). With powerful longer-term structural tailwinds supporting the wealth management sector (see page 16), we think a sector-median PER of 15.7 is too low. Moreover, with MW being so well positioned (page 17), we find it strange it’s PER of 12.3 is below this median. We see potential for a re-rating.
Posted at 09/1/2024 07:36 by edmonda
"On track for 10% annual revenue & profit growth", new research report here:

H1’24 revenue (to 30 Nov 23) totalled £59.1m, 8% up y-o-y (H1’23: £54.9m), with 4% organic revenue growth. H2 revenue is typically higher than H1 due to end of tax-year advice and H2 weighting of client year-ends, and we maintain our FY24 revenue forecast of £123.6m (+11% y-o-y).

MTW remains in a strong net cash position (£32.7m v £45.0m on 31 May 23), giving scope to pursue opportunities. Cash is as expected with c. £9.3m paid in dividends and some tranche-payments of previous acquisitions made. We expect cash to exceed £40m by year-end.

As in FY23, MTW has reported growth within the core pension consultancy and employee benefits business segments, with the proposed changes to pension and tax rules announced in the Chancellor’s recent Autumn Statement driving strong demand for advice.

Our sector PER analysis suggests potential for a rerating of both the sector and Mattioli Woods, where our fundamental valuation remains 900p / share, 50% above the current price.
Posted at 20/4/2023 07:46 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:
Posted at 05/4/2023 11:07 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):
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:

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 13/9/2022 16:12 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
Mattioli Woods share price data is direct from the London Stock Exchange

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