Quilter Share Discussion Threads

[johneee] 20/4/2022 18:32

As Baillie Gifford have purchased a 9.9% share holding in QLT on April 12 2022, then that is a positive BUY signal for me

Remember that Baillie Gifford were early investors in Tesla before others jumped on board

They know a thing or two IMO

[peterbill] 10/4/2022 18:30

I'm baffled too ... seems a lot of paperwork for nothing gained?

I've not been following the detail but wasn't this to do with 'Old Mutual' being broken up ... seem to have aquired some Nedbank shares a couple of years ago too ... Going to sell all as not impressed with their performance and yield.

[goldry] 10/4/2022 16:16

"each share"

[goldry] 10/4/2022 16:14

Having read through all the information about the return of capital i'm somewhat confused by the value it represents. I'm hoping someone smarter than me can explain. It seems that effectively I am "selling" a seventh of my holding (ignoring fractions) for a sum that is 20p times the total of my current holding. When I divide that income by the number is shares sold I get an effective share price of about 139p for easy share. Assuming the price for the new ordinary shares doesn't change (which I think is the point of the consolidation) then why would I be better off selling all my holding now at 147p.Is there a longer term benefit I'm not understanding?

[peterbill] 09/4/2022 14:57

More on the proposed Return of Capital to Shareholders of 20 pence per share ..

Quilter Plc has announced a General Meeting (GM) to be held on 12 May 2022. 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 resolutions to vote on can be found on pages 35 - 37.

[peterbill] 16/3/2022 10:20

more ...

The return of capital will be effected through the issuance and automatic redemption of B shares that will be distributed pro rata to your holding.

Under the terms of the return of capital, you will receive GBP0.20 for each B share redeemed. Please be aware, the B shares will not be credited to your account. Instead, they will be issued and immediately redeemed, and the cash proceeds will be credited to your account.

[peterbill] 16/3/2022 10:19

The Company has announced they intend to return GBP328 million to shareholders by way of a return of capital. This means that your account will be credited with a cash payment, which will be treated as capital for tax purposes.

[kalai1] 28/1/2022 14:52

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 WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/QLT/332

[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 13:22

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 15:27

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 04:59

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 04:00

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 11:56

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

[computercoders] 17/4/2020 10:42

Good buy opportunity here imo

[knowing] 17/4/2020 09:44

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

[computercoders] 08/4/2020 16:00

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