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QLT Quilter Plc

154.80
6.90 (4.67%)
17 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quilter Plc LSE:QLT London Ordinary Share GB00BNHSJN34 ORD 8 1/6P
  Price Change % Change Share Price Shares Traded Last Trade
  6.90 4.67% 154.80 2,809,847 16:35:00
Bid Price Offer Price High Price Low Price Open Price
154.60 154.80 154.80 146.60 148.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 4.49B 42M 0.0299 51.71 2.08B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:54:27 O 12 153.40 GBX

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Date Time Title Posts
04/11/202421:46Quilter PLC 189

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Posted at 19/1/2025 08:20 by Quilter Daily Update
Quilter Plc is listed in the Finance Services sector of the London Stock Exchange with ticker QLT. The last closing price for Quilter was 147.90p.
Quilter currently has 1,404,105,498 shares in issue. The market capitalisation of Quilter is £2,170,747,100.
Quilter has a price to earnings ratio (PE ratio) of 51.71.
This morning QLT shares opened at 148.50p
Posted at 16/10/2024 09:45 by martinmc123
4*
The wealth manager published a decent AUM update for Q3 with Group Assets under Management and Administration up 2% to £116.2 billion at the end of September 2024 and up around 15% over the preceding year. Most positively this reflected core third quarter net inflows of £1,507 million representing 5% of opening AuMA on an annualised basis (Q3 2023: 0%). The third quarter net inflows were significantly higher...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/QLT/877
Posted at 05/6/2024 12:28 by peterbill
Some red flags ... (just my take, modest shareholding)

PE ratio of 40
Earnings per share 3.10p
Dividend per share 5.20p
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 06:13 by neilyb675
RNS Number : 5649I

Quilter 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 10:42 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.co.uk/detailed-result-full/QLT/592
Posted at 12/8/2022 19:27 by 1jat
Muted response to the HY results means NWG can lower their offer price if they decide to make one.
Posted at 03/8/2022 21:20 by peterbill
Coronation Asset Management (Pty) Ltd just up their stake to over 14%

Thought it may be NWG ...
Posted at 03/8/2022 19:13 by retsius
12 million buys at the close and no change in price?
What’s going on?
Posted at 10/4/2022 16:14 by goldry
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?
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 WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/QLT/332
Quilter share price data is direct from the London Stock Exchange

Quilter Frequently Asked Questions (FAQ)

What is the current Quilter share price?
The current share price of Quilter is 154.80p
How many Quilter shares are in issue?
Quilter has 1,404,105,498 shares in issue
What is the market cap of Quilter?
The market capitalisation of Quilter is GBP 2.08B
What is the 1 year trading range for Quilter share price?
Quilter has traded in the range of 93.55p to 158.30p during the past year
What is the PE ratio of Quilter?
The price to earnings ratio of Quilter is 51.71
What is the cash to sales ratio of Quilter?
The cash to sales ratio of Quilter is 0.48
What is the reporting currency for Quilter?
Quilter reports financial results in GBP
What is the latest annual turnover for Quilter?
The latest annual turnover of Quilter is GBP 4.49B
What is the latest annual profit for Quilter?
The latest annual profit of Quilter is GBP 42M
What is the registered address of Quilter?
The registered address for Quilter is SENATOR HOUSE, 85 QUEEN VICTORIA STREET, LONDON, EC49 4AB
What is the Quilter website address?
The website address for Quilter is www.quilter.com
Which industry sector does Quilter operate in?
Quilter operates in the FINANCE SERVICES sector

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