River And Mercantile Dividends - RIV

River And Mercantile Dividends - RIV

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
River And Mercantile Group Plc RIV London Ordinary Share GB00BLZH7X42 ORD GBP0.003
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 167.50 08:39:31
Open Price Low Price High Price Close Price Previous Close
168.00 167.50 168.00 167.50
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Industry Sector

River And Mercantile RIV Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

speedsgh: Mrs Jean Hanratty (PCA to Mr David Hanratty, Global Head of Distribution) has bought 60,000 shares at 155p each = £93,000 HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202010191535275207C/
topvest: Some thoughts ADDED IN CAPITALS: Financial Highlights · Fee earning AUM1 increased to £44.2 billion (2019: £39.8 billion) representing the sixth consecutive year of AUM growth; IMPRESSIVE · Underlying revenue2 of £69.4 million (2019: £65.6 million), representing the fourth consecutive year of growth; IMPRESSIVE · Performance fees of £1.2 million (2019: £12.5 million); NORMALLY ABOUT £10M AND SO MAY BOUNCE BACK! · Adjusted underlying profit before tax3 of £12.6 million (2019: £14.7 million); INVESTMENT IN DISTRIBUTION AND TEAMS HAVING AN IMPACT AND WILL IN H1 · Adjusted profit before tax4 of £13.2 million (2019: £20.9 million); · Statutory profit before tax of £8.3 million (2019: £16.8 million); · Adjusted basic EPS5 and statutory basic EPS were 11.79 pence (2019: 20.26 pence) and 6.39 pence (2019: 16.22 pence) per share respectively; PERFORMANCE FEE IMPACT MAINLY · The Board of Directors has declared a second interim dividend of 2.81 pence per share; and · The Board of Directors has also proposed a final dividend for the year ended 30 June 2020, subject to approval by shareholders at the Group's AGM, of 2.34 pence per share, of which 0.10 pence is a special dividend and relates to net performance fees, taking the total dividend for the year to 9.54 pence. 6% SUSTAINABLE YIELD PRETTY GOOD, BUT OVER 10% IF PERFORMANCE FEES COME IN FOR FY21 Operating Highlights · Net AUM flows of +£3.7 billion (2019: +£5.4 billion); FIDUCIARY AND DERIVATIVES STRONG. EQUITY POOR AND NEEDS TO IMPROVE. · Investing for profitable growth in distribution and product; CAUSING HIGHER COSTS SHORT TERM, BUT BETTER THAN EXPENSIVE ACQUISITIONS · Augmentation of operational infrastructure underway; and AS ABOVE · Key hires made within investment management, distribution and corporate. AS ABOVE. SHOULD HELP GROWTH GOING FORWARD. RISK TRADE-OFF IS GOOD UNDERLYING RECORD, DISAPPOINTING EQUITY SIDE WITH VALUE NOT IN VOGUE, INVESTMENT IN BUSINESS NEEDS TO PAY-OFF. ON-BALANCE, I THINK THINGS WILL CONTINUE TO IMPROVE, BUT MAY BE A FLATTER FY20 AND FY21 H1 THAN IDEAL. HOW MANY COMPANIES WITH 6 YEARS OF UNDERLYING REVENUE GROWTH AND A HIGH QUALITY TEAM TRADE ON A 6-10% DIVIDEND YIELD?
topvest: Well its certainly a bargain for a growth business. Revenue before performance fees increased by nearly 6%. Earnings for FY20 are lower simply because of an £11.3m reduction in performance fees. Obvious COVID-19 and lack of a growth focus has impacted. I think that you will find that the forward dividend and EPS don't factor in any upside on performance fees. FY21 cannot be lower than FY20! Outlook short term was a bit muted which I think has caused the drop. Medium term I am very optimistic still. Key to the valuation though is growing the Equity AUM again as this has much higher management fees than the other 2 divisions. Happy to hold for the future and for better times!
topvest: Added a few more ahead of the year-end results. When we get back to decent performance fees then this will be on a near 10% dividend yield. 6.5% yield currently. Not bad for a steadily growing and cash generative business.
topvest: A very impressive update. This share is towards the top end of my hold and add list. I don't think that the market really appreciates the strengths of RIV. It's a pretty impressive business in my view. I keep chipping away and adding more like I did on Impax 3 or 4 years ago.
speedsgh: Trading Statement - HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/trading-statement/202007270700080876U/ River and Mercantile Group PLC ("R&M"), the asset management business, today provides its unaudited trading update for the three and twelve months ended 30 June 2020. James Barham, Group Chief Executive commented: "We look forward to the new financial year with confidence. We have and will continue to make some significant investments in our business to boost our distribution capabilities and to enhance and deepen our investment resources to meet our clients' needs. We are beginning to see some very positive signs following the investment in distribution we have made over the past year and this places us in a strong position as we head into the new financial year." Summary of the three months ended 30 June 2020: • Fee earning AUM/NUM increased in the quarter by 9.3% to £44.2 billion. - Gross sales were £3.1 billion; - Net flows were £1.5 billion; - Net flow ratio was +3.7% of opening AUM/NUM; and - Investment performance was positive £2.3 billion or +5.6% of opening AUM/NUM. Summary of the twelve months ended 30 June 2020: • Fee earning AUM/NUM increased in the twelve months by 11.1% to £44.2 billion. - Gross sales were £8.2 billion; - Net flows were £3.7 billion; - Net flow ratio was +9.3% of opening AUM/NUM; and - Investment performance was positive £0.7 billion or +1.8% of opening AUM/NUM. [cont'd]
speedsgh: Notification of recent very small purchase by NED John Misselbrook... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003271512179231H/ 25/3/20 CFO Kevin Hayes bought 3,000 RIV @ 175p = £5,250 Overview of other recent purchases: 17/3/20 CFO Kevin Hayes bought 7,700 RIV @ 193p = £14,861 16/3/20 Mrs Anne Rosemary Dawson (PCA to Chairman Jonathan Dawson) bought 10,800 RIV @ 184.3p = £19,904 16/3/20 CEO James Barham bought 10,600 RIV @ 185p = £19,610 16/3/20 Mrs Lulu Barham (PCA to CEO James Barham) bought 10,600 RIV @ 185p = £19,610 Not exactly a buy signal yet!
speedsgh: Notification of recent small purchase by CFO Kevin Hayes... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003201411510558H/ 17/3/20 CFO Kevin Hayes bought 7,700 RIV @ 193p = £14,861
speedsgh: Charts in header not working today. Current spread 175-185p. CEO & PCA to CEO have added a few in the chaos... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003161412283135G/ 16/3/20 CEO James Barham bought 10,600 RIV @ 185p = £19,610 16/3/20 Mrs Lulu Barham (PCA to CEO James Barham) bought 10,600 RIV @ 185p = £19,610
speedsgh: Second Quarter Trading Update - HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/2nd-quarter-trading-statement/202002030700106529B/ Summary of the three months ended 31 December 2019: · Fee earning AUM/NUM increased in the quarter by 1.4% to £42.3bn. · In the quarter ended 31 December 2019: - Gross Sales were £1.8bn; - Net flows were £0.7bn; - Net Sales ratio was 1.8% of opening AUM/NUM at 1 October 2019; and - Investment performance was negative £160m or 0.4% of opening AUM/NUM. Summary of the six months ended 31 December 2019: · Fee earning AUM/NUM increased in the six months by 6.2% to £42.3bn. · In the six months ended 31 December 2019: - Gross Sales were £3.0bn; - Net flows were £1.8bn; - Net Sales ratio was 4.4% of opening AUM/NUM at 1 July 2019; and - Investment performance was positive across all Divisions, adding £0.7bn or 1.8% of opening AUM/NUM. James Barham, Group Chief Executive, commented: This quarter has seen positive net sales for our Wholesale business for the first time since the fourth quarter of 2017. This reflects strongly on the team led by David Hanratty who joined the business as Global Head of Distribution last year and demonstrates the clear commitment to invest in the broader distribution capabilities of the Group. I will discuss this in greater depth along with our longer term plans when we announce our interim results in early March. The net sales ratio for the first half, which measures all client flows, was 4.4% of opening AUM/NUM and the investment return ratio added a further 1.8% of opening AUM/NUM. The combination of net sales and investment performance has generated growth in AUM/NUM of 6.2% in the first half. This is an encouraging outcome at this stage and in line with our total growth rate target of 12% pa. In the first six months investment performance was positive across all divisions adding £0.7bn in AUM. Again, we have seen the benefits of having our Group divisions diversified in terms of investment exposures with Fiduciary Management performing particularly strongly in the first quarter whereas Equity Solutions investment performance was stronger in the second. Our view on markets continues to be positive with our River FOURcast indicating Stable market conditions. We believe expectations for economic growth will increase and credit conditions strengthen, setting a supportive environment for asset markets in general and equities in particular. Within equities, conditions should favour value style investing, especially given the attractive starting point. Since the calendar year end, we have been appointed by a range of additional clients which include a new Fiduciary client mandate of £1.16bn (Fiduciary Management AUM: £630m and Derivatives NUM: £530m). This mandate was signed in January and will transition by the end of this quarter. We are delighted with this appointment, which was based on both the strength of our investment performance (Fiduciary Management annualised return of 10% since 2003) and the innovative solutions that we provide. We are also beginning to see a growing pipeline of opportunities more broadly across the business and we expect these to materialise later in the year. In addition, we have seen a number of our Solutions clients meet their objectives and following strong investment outcomes are able to reduce their liabilities through insurance. We see this as a positive client outcome in spite of the negative impact on our underlying assets under management or advice.
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