Quilter Share Discussion Threads

[whatja] 04/11/2021 17:37

Q3 business looked good yesterday, and plans for dividend and capital return set out.

Should move steadily higher now..

[whatja] 14/8/2021 14:22

The results seemed good, yet management led their presentation with a warning the business could be disrupted by markets…..and the market believed them and marked he shares down 10% over two days…..
Over sold now….
With international business sold and more proceeds to return to shareholders…the shares look likely to rise from here IMO

[johnsoho] 11/8/2021 16:27

Quilter PLC

11 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.

[peterbill] 03/6/2021 05:59

Page 43 (removed some bla bla ...)

Notice is given that a general meeting of Quilter plc to consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company:

Ordinary resolution to approve the Sale

THAT

(a) the proposed sale by the Company of Quilter International, as described in the circular to the Company’s shareholders dated 17 May 2021, ....

and

(b) the directors of the Company (the Directors) (or any duly authorised Committee of the Directors) be and are authorised to do or procure to be done all such acts and things on behalf of the Company ... or
desirable in connection with the Sale ...

[peterbill] 03/6/2021 05:00

Quilter Plc has announced details of an Extraordinary General Meeting (EGM) to be held on 17 June 2021; this is a meeting that occurs outside of the Annual General Meeting (AGM) and normally has urgent resolutions to vote on. As a shareholder in Quilter Plc, you now have the opportunity to vote on the proposed resolutions.

To view the announcement, including the resolutions to be voted on, please copy and paste the below link into your web browser:



The sole resolution to be voted on can be found on page 43.

Submitting a vote:

If you would like to vote for, against or abstain from voting for the proposed resolution, you can enter your elections in this event.

[robertball] 10/3/2021 08:47

AUM looks nice

[knowing] 10/3/2021 08:43

Mine are tucked away maturing

[keifer derrin] 10/3/2021 08:38

decent results and nice divi....wish I had more shares

[panshanger1] 17/4/2020 12:56

Big PDMR sale by CEO earlier in the week Part of a divorce settlement

[computercoders] 17/4/2020 11:42

Good buy opportunity here imo

[knowing] 17/4/2020 10:44

RBC RAISES QUILTER PRICE TARGET TO 150 (140) PENCE - 'OUTPERFORM'

[computercoders] 08/4/2020 17:00

Got some quilter at around 111.5 today

[knowing] 29/1/2020 12:48

Pretty strong numbers

[dice1950] 23/1/2020 05:45

Quilter (QLT) rocketed to as high as 179p yesterday, after various media reports suggested private equity giant Warburg Pincus is interested in a possible bid. Analysts at Numis reckon a bid price of 163p per share

[robertball] 22/1/2020 16:44

Also ftalphaville today

[kilobyte2] 22/1/2020 12:33

hxxps://citywire.co.uk/new-model-adviser/news/us-private-equity-firm-linked-with-quilter-bid/a1315778?re=71237&ea=505776&utm_source=BulkEmail_NMA_Daily_Summary&utm_medium=BulkEmail_NMA_Daily_Summary&utm_campaign=BulkEmail_NMA_Daily_Summary

[robertball] 22/1/2020 08:08

Smoke fire

[tonysss13] 21/1/2020 16:43

hxxps://betaville.co.uk/betaville-intelligence/uncooked-alert-quilter-said-to-part-2/

UNCOOKED ALERT: Quilter said to ... - Part 2
Tuesday, 21 January 2020, 3:05 pm
So, it turns out Betaville's UNCOOKED ALERT from mid December on Quilter was barking up the right tree after all.

According to Bloomberg, Waburg Pincus has been in talks about buying Quilter for around $4 billion although the news organisation seemed to suggest discussions are no longer "live".

Below is the link to my original piece from mid December:

[knowing] 21/1/2020 16:30

Punching out a new high

[robertball] 17/1/2020 23:07

15p.cspital Return anyone?

[knowing] 16/12/2019 13:19

Doing quite nicely

[sea and sky] 11/11/2019 09:36

Deleted as wrong reading of info. Apologies.

[sea and sky] 05/11/2019 08:48

Ah... I stayed to see what the disposal news of QLA might be, hopefully soon.

[knowing] 05/11/2019 00:10

Not anymore. Was hoping for a lower entry point.