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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Quilter Plc | QLT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 1.33% | 106.80 | 09:26:51 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 104.00 | 104.00 | 107.10 | 105.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/03/2024 | Final | GBP | 0.037 | 18/04/2024 | 19/04/2024 | 28/05/2024 |
| 08/08/2023 | Interim | GBP | 0.015 | 31/08/2023 | 01/09/2023 | 18/09/2023 |
| 08/03/2023 | Final | GBP | 0.033 | 20/04/2023 | 21/04/2023 | 22/05/2023 |
| 10/08/2022 | Interim | GBP | 0.012 | 01/09/2022 | 02/09/2022 | 20/09/2022 |
| 09/03/2022 | Final | GBP | 0.039 | 07/04/2022 | 08/04/2022 | 16/05/2022 |
| 11/08/2021 | Interim | GBP | 0.017 | 02/09/2021 | 03/09/2021 | 20/09/2021 |
| 10/03/2021 | Final | GBP | 0.036 | 08/04/2021 | 09/04/2021 | 17/05/2021 |
| 11/08/2020 | Interim | GBP | 0.01 | 03/09/2020 | 04/09/2020 | 21/09/2020 |
| 11/03/2020 | Final | GBP | 0.035 | 02/04/2020 | 03/04/2020 | 18/05/2020 |
| 05/08/2019 | Interim | GBP | 0.017 | 29/08/2019 | 30/08/2019 | 20/09/2019 |
| Top Posts |
|---|
Posted at 08/3/2024 14:18 by longwell Great result, good dividend yield.Lots of potential, or next take over target? |
Posted at 24/1/2024 09:04 by 1jat Agreed RB….but the personal line of Aberdeen did reasonably for AUM….it was their Investment Management that was the continuing drag.I like the focus QLT has on being an advice led business. There is a great need across the country for more finance advice…much of it is quite basic. The recurring nature of many of the relationships and fees makes it reliable income stream. The problem for retail customers is how much of their returns is taken in charges by the IM, the platform, the advice charge….it can easily get to 2.5-3% pa with tax to pay on top….with that level of burden, getting a real return is extremely challenging. This will put pressure on costs, and the advice is mostly people based cost which has limits to its scalability….I expect AI will help improve advisor support processes…but how much time this will free up to deal with clients is unknown. |
Posted at 08/8/2023 07:13 by neilyb675 RNS Number : 5649IQuilter PLC 08 August 2023 News Release 8 August 2023 Quilter plc interim results for the period ended 30 June 2023 Quilter delivers 25% increase in adjusted profit and improved operating margin. Further growth and efficiency initiatives underway Steven Levin, Chief Executive Officer, said: "We have delivered a strong improvement in first half profitability, pleasing flow outcomes in the Quilter channel and improved our market share of new advised platform flows. Our business model is fully aligned with the principles of the Consumer Duty regime and my focus is on doing more for our customers to improve business momentum in the near-term, and deliver faster growth and higher returns to shareholders in the longer-term. We are targeting an additional GBP50 million of Simplification savings by 2025 and we expect consensus profit estimates for this year to increase materially." Highlights -- Assets under Management and Administration ("AuMA") of GBP101.7 billion at the end of June 2023, increased by 2% on 31 December 2022 (GBP99.6 billion) principally due to positive market movements of GBP1.9 billion and: o Core business gross inflows of GBP5.5 billion in the first half which were broadly evenly spread between each quarter. Core net inflows in the first half were GBP0.7 billion (Q1: GBP409 million, Q2: GBP247 million). This reflected a good performance from the Quilter channel in both High Net Worth and Affluent with a more muted performance from our IFA/Direct channels across both segments. Market share of gross platform flows increased in both quarters. Notably, Q2 flows were up 5% year-on-year despite a 9% decline in the overall market over the same period. o Non-core net outflows of GBP0.5 billion (H1 2022: GBP0.2 billion) which relate to assets we still manage on behalf of businesses we have sold. -- Adjusted profit before tax increased by 25% to GBP76 million (H1 2022: GBP61 million). Revenue increased by 3% to GBP312 million (H1 2022: GBP303 million) supported by revenue generated on corporate cash balances. This was coupled with strong expense discipline which delivered a third consecutive decline in first half costs, despite inflationary pressures, and supported an increase in the operating margin to 24% (H1 2022: 20%). -- We expect to deliver our target GBP45 million Simplification cost savings by end 2023, a year earlier than planned. An additional GBP50 million of Simplification (Phase 2) savings are targeted for delivery by the end of 2025, with initiatives in train to improve each of our businesses. -- Stabilisation in Quilter restricted adviser headcount which increased by nine financial planners on December 2022 levels. -- Adjusted diluted earnings per share increased 34% to 4.3 pence (H1 2022: 3.2 pence) supported by the share count reduction from our capital return programme in 2022. -- IFRS profit after tax attributable to shareholders of GBP5 million (H1 2022: GBP151 million) with the period-on-period variance largely due to market valuation changes in the policyholder tax charge. Basic earnings per share of 0.4 pence (H1 2022: 9.8 pence). -- Interim Dividend of 1.5 pence per share versus 1.2 pence per share for 2022, representing an increase of 25%. |
Posted at 19/10/2022 11:42 by kalai1 Quilter plc issued a Q3 trading update this morning. Assets under Management and Administration were £96.9 billion at the end of September 2022, a decline of 2% from 30 June 2022, reflecting a challenging market backdrop over the summer with both bond and equity values declining. Net inflows were £0.2 billion in Q3. Steven Levin will succeed Paul Feeney as Chief Executive Officer on 1 November 2022. Valuation is improving given the ongoing bear market, but still relatively unattractive, forward PE ratio at 13.8x is bottom quartile for the IB&IS sector. The macro environment and tough market outlook are also obvious clouds to the investment case in the year ahead. QLT is a share to monitor for now......from WealthOracle hxxps://wealthoracle |
Posted at 03/8/2022 22:20 by peterbill Coronation Asset Management (Pty) Ltd just up their stake to over 14%Thought it may be NWG ... |
Posted at 08/6/2022 15:20 by paying4it Sorry for my confusion I see it's a return of capital not a dividend I really need to pay attention |
Posted at 20/4/2022 19:32 by johneee As Baillie Gifford have purchased a 9.9% share holding in QLT on April 12 2022, then that is a positive BUY signal for meRemember that Baillie Gifford were early investors in Tesla before others jumped on board They know a thing or two IMO |
Posted at 28/1/2022 14:52 by kalai1 Quilter issued a trading update for Q4 2021 earlier in the week. The business reported a strong final quarter of 2021 with substantially improved year-on-year net flows. Assets under Management and Administration ("AuMA") were £111.8 billion at the end of December 2021 (+13% from 31 December 2020), with growth supported by improved net flows and positive market movement. Year-to-date net inflows were £4.0 billion, representing 4% of opening AuMA. Q4 net inflows were £1.0 billion. The new Quilter Investment Platform generated £9.0 billion gross flows (+58%) and £3.5 billion net inflows (+136%) during the year coupled with stable retention. Business is growing solidly, valuation is reasonable. Share price has been in a shallow correction for the best part of a year, there is no rush to buy here. But QLT is another solid wealth manager and certainly a stock to monitor...from WealthOracleAMhxxps://wealthoracle |
Posted at 04/11/2021 17:37 by whatja Q3 business looked good yesterday, and plans for dividend and capital return set out.Should move steadily higher now.. |
Posted at 11/8/2021 16:27 by johnsoho Quilter PLC11 August 2021 NEWS RELEASE 11 August 2021 Quilter plc interim results for the six months ended 30 June 2021 UK Platform delivers significantly higher flows, supporting the outlook for faster growth and operational efficiency Highlights (including Quilter International) -- Net Client Cash Flow ("NCCF") of GBP2.5 billion increased 127% on the prior period (H1 2020: GBP1.1 billion) representing 4% of opening Assets under Management and Administration ("AuMA"). -- Adjusted profit before tax increased 20% to GBP85 million (H1 2020: GBP71 million) of which GBP29 million (H1 2020: GBP24 million) from Quilter International. -- Operating margin of 24% (H1 2020: 21%) despite absorbing cost headwinds from higher regulatory costs and levies, and an unwind of prior year tactical cost savings. -- IFRS profit after tax of GBP20 million (H1 2020: GBP43 million). -- Adjusted diluted earnings per share of 5.0 pence, of which 1.7 pence is in respect of Quilter International (H1 2020: 3.5 pence, of which 1.3 pence was in respect of Quilter International). -- Interim dividend per share of 1.7 pence versus 1.0 pence for H1 2020, inclusive of a contribution of 0.5 pence from Quilter International. -- Total AuMA up 7% to GBP126.6 billion at 30 June 2021 (31 December 2020: GBP117.8 billion). -- Regulatory approval granted for final GBP100 million share buyback of GBP375 million capital return programme with this expected to commence in early September 2021, shortly after completion of current tranche. Continuing business (excluding Quilter International) -- NCCF of GBP2.1 billion more than doubled on the prior period (H1 2020: GBP0.9 billion). o Strongly improved integrated net inflows of GBP2.0 billion (H1 2020: GBP1.3 billion). o Reshaping of Quilter Financial Planning delivering improved adviser productivity with GBP2.2 million integrated NCCF (annualised) per adviser (2020: GBP1.5 million). -- Adjusted profit before tax increased 19% to GBP56 million (H1 2020: GBP47 million). -- Improved operating margin of 18% (H1 2020: 17%) after higher FSCS levies (GBP10 million increase) and a reversal of tactical cost savings of GBP11 million in respect of variable compensation in 2021. -- IFRS loss after tax from continuing operations of GBP13 million (H1 2020: profit of GBP11 million). -- Adjusted diluted earnings per share from continuing operations increased 50% to 3.3 pence (H1 2020: 2.2 pence), supported by a reduced share count due to the capital return programme and a low effective tax rate. -- AuMA up 8% to GBP104.8 billion at 30 June 2021 (31 December 2020: GBP97.4 billion). Statutory results -- IFRS loss before tax attributable to equity holders from continuing operations of GBP21 million (H1 2020: profit of GBP13 million) given the impact that rising equity markets have on policyholder tax accounting recognition. -- Basic (loss)/earnings per share from continuing operations of (0.8) pence (H1 2020: 0.6 pence). -- Diluted (loss)/earnings per share from continuing operations of (0.8) pence (H1 2020: 0.6 pence). -- Solvency II ratio of 203% after payment of the recommended interim dividend (December 2020: 217%). Strategic progress -- Successful completion of asset, client and adviser migration onto the new UK platform technology in February 2021. Decommissioning of legacy systems underway. -- Announced sale of Quilter International approved by shareholders in June 2021. Completion subject to regulatory approvals and is expected to occur during Q4 2021. -- Capital Markets Day planned for 3 November 2021. Paul Feeney, Chief Executive Officer, said: I am pleased with our Interim results which demonstrate strong growth in flows across our business, with a material improvement from our new platform following our final migration of clients and advisers in February. This improving momentum sets us up well to achieve our medium-term target of 6% net flows from 2022 onwards. With the sale of Quilter International, our results demonstrate good early progress on our more focused, UK-based strategic path and gives a taste of what we know our business can deliver in the future. As well as making important progress on our strategic initiatives, we also delivered robust financial results, with further operating efficiency improvements from our Optimisation initiatives. We are ahead of where we planned to be at this stage and are on track to meet our operating margin targets of 25% in 2023 and 30% by 2025. With the platform at the core of our business, we are well placed to deliver faster growth and we look forward to updating the market on our plans at our Capital Markets Day on 3 November 2021. |
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