Share Name Share Symbol Market Type Share ISIN Share Description
River and Mercantile Group LSE:RIV London Ordinary Share GB00BLZH7X42 ORD GBP0.003
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.25p +0.46% 274.875p 271.75p 278.00p - - - 23,650.00 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 47.2 7.2 7.2 38.4 225.66

River and Mercantile Share Discussion Threads

Showing 1 to 21 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
19/4/2017
20:11
Trading Statement - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/trading-statement/201704190700086471C/ Highlights for the three months ended 31 March 2017: · Fee earning AUM/NUM increased by 6% to £30.6bn. · Net inflows were £1.3bn in the quarter, with net sales of £0.5bn and positive rebalancing flows in Derivative Solutions of £0.8bn. · Positive investment performance in all divisions added £0.5bn. · Performance fees in the three months ended 31 March 2017 are estimated to be £1.1m. · Mandates in transition in Equity Solutions - Institutional include £0.2bn relating to the previously announced Willis Towers Watson mandate with Alliance Trust. Highlights for the nine months ended 31 March 2017: · Fee earning AUM/NUM increased by 20% to £30.6 bn. · Net inflows were £3.4bn in the nine months, with net sales of £2.0bn and positive rebalancing flows in Derivative Solutions of £1.4bn. · Positive investment performance in all divisions added £1.7bn. · Performance fees for the nine months ended 31 March 2017 are estimated to be £5.9m. Mike Faulkner, CEO of River and Mercantile, said: In the quarter, we grew assets and in-force revenue from both positive net flows and investment performance. Our investment performance track record continues to be strong across all products. Our client orientated solutions and low attrition rates have resulted in positive net flows in each of the last twelve quarters since the IPO in 2014. We remain well positioned to continue this growth and will continue to invest in our operating platform, international capabilities and new product launches. The River and Mercantile Dynamic Asset Allocation Fund, launched in September 2014, now has over £100m in AUM and we will be launching and seeding a Global Macro strategy in 2017.
speedsgh
27/2/2017
18:14
Impressive interim results. I really like this company and the management team.
topvest
27/2/2017
14:23
Video interview on Interim Results with CEO, CFO & Head of Asset Management... HTTP://riverandmercantile.com/investor_relations/riv_interims_201617
speedsgh
27/2/2017
14:18
Half-year Report - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/half-year-report/201702270700108589X/ Investment Highlights · Fee earning AUM/NUM increased by 13% to £28.7bn, and mandated AUM/NUM increased by 15% during the period. Fee earning AUM/NUM increased by 28% from 31 December 2015. · Net sales in the period were £1.5bn. The Group has had positive net sales in all 11 quarters since IPO. · Net inflows in the period (including rebalance) were £2.0bn with all divisions having net positive flows. · Performance fees for the period were £4.7m. Financial Highlights · Statutory net profit after tax was £6.1m, compared to £2.7m for the six months ended 31 December 2015, primarily due to growth in management fees and performance fees. · Statutory basic and diluted earnings per share (EPS) were 7.41 pence per share and 7.40 pence per share, compared to 3.25 pence and 3.01 pence respectively for the six months ended 31 December 2015. · Adjusted profit after tax1 was £7.6m, compared to £4.9m for the six months ended 31 December 2015. · Adjusted basic and diluted EPS2 were 9.26 pence per share and 9.25 pence per share, compared to 5.98 pence and 5.55 pence respectively for the six months ended 31 December 2015. · The Board of Directors have declared an interim dividend of 5.6 pence per share, of which 1.4 pence is a special dividend and relates to net performance fees. The dividend will be paid on 31 March 2017 to shareholders on the register as at 10 March 2017. The ex-dividend date is 9 March 2017. Operating Highlights · Net management fees were £21.4m, an increase of 13% over the prior six months and an increase of 20% over the six months ended 31 December 2015, due to the continued growth in AUM/NUM. · Net advisory fees were £5.2m, an increase of 14% from the prior six months and an increase of 22% from the six months ended 31 December 2015. · Performance fees were £4.7m, compared to £0.3m in the prior six months and £1.2m in the six months ended 31 December 2015. · Adjusted underlying pre-tax margin3 was 27%, compared to 24% in the year ended 30 June 20 16.
speedsgh
13/2/2017
12:20
Nice move in share price since start of year. Moving towards ATHs in anticipation of Interims due in the next couple of weeks.
speedsgh
30/1/2017
20:13
Trading Statement - HTTP://www.investegate.co.uk/rivr-merctl-grp-plc/rns/trading-statement/201701300700123680V/ The following are comparables from previous Trading Statements over the past 12 months or so. Fee earning AUM/NUM 3m to 30/9/15: £21.5bn (+2%) 3m to 31/12/15: £22.5bn (+5%) 3m to 31/3/16: £23.6bn (+5%) 3m to 30/6/16: £25.5bn (+8%) 3m to 30/9/16: £27.9bn (+9%) 3m to 31/12/16: £28.7bn (+3%) Net inflows/outflows 3m to 30/9/15: net inflows £592m (net sales £152m; rebalancing flows in Derivative Solutions £440m) 3m to 31/12/15: net inflows £909m 3m to 31/3/16: net inflows £800m 3m to 30/6/16: net inflows £1.4bn 3m to 30/9/16: net inflows £1.3bn (net sales £0.9bn; rebalancing flows in Derivative Solutions £0.4bn) 3m to 31/12/16: net inflows £0.7bn (net sales £0.6bn; rebalancing flows in Derivative Solutions £0.1bn) Investment performance 3m to 30/9/15: Investment performance -£133m 3m to 31/12/15: Investment performance N/A 3m to 31/3/16: Investment performance +£305m 3m to 30/6/16: Investment performance +£0.6bn 3m to 30/9/16: Investment performance +£1.0bn 3m to 31/12/16: Investment performance +£0.2bn Performance fees 3m to 30/9/15: Performance fees N/A 3m to 31/12/15: Performance fees N/A 3m to 31/3/16: Performance fees £0.34m 3m to 30/6/16: Performance fees £0.0m 3m to 30/9/16: Performance fees £2.3m 3m to 31/12/16: Performance fees £2.4m
speedsgh
11/11/2016
19:58
I've doubled up. Looks good value on a 6% dividend yield. CEO looks like he is worth backing.
topvest
08/11/2016
11:15
Confirmation of payment/XD dates for the proposed final dividend taken from the 2016 Annual Report... Dividends The Directors have proposed a final dividend of 2.5 pence per ordinary share (2015: 3.6 pence). Payment of this dividend is subject to approval by shareholders at the Company’s 2016 AGM [on 9/12] and, if approved, will be paid on 14 December 2016 to shareholders on the register at the close of business on 25 November 2016.
speedsgh
11/10/2016
21:18
Yes, looks very good going forward. Happy to hold.
topvest
11/10/2016
09:52
A trading statement for the quarter ended 30/9/16 has also been released today... Trading Update - HTTP://www.investegate.co.uk/rivr-merctl-grp-plc/rns/trading-statement/201610110700051681M/ · Fee earning AUM/NUM increased by 9% to £27.9bn. · Net inflows were £1.3bn in the period, with net sales of £0.9m and positive rebalancing flows in Derivative Solutions of £0.4bn. · Investment performance added £1bn with strong performance across all Divisions in the period. · Performance fees earned in the quarter ended 30 September 2016 were £2.3m. This compares to the following at the same point last year - HTTP://www.investegate.co.uk/rivr-merctl-grp-plc/rns/trading-statement/201511060700097624E/ · Fee earning AUM/NUM increased from 30 June 2015 by 2% to £21.5 billion. · Net inflows were £592 million in the period, with net sales of £152 million and positive rebalancing flows in Derivative Solutions of £440 million. · In difficult market conditions investment performance reduced AUM by less than 1% (£133 million). Notably, fiduciary management assets fell only 0.3% in the period, demonstrating our ability to defend and protect client assets in volatile markets.
speedsgh
11/10/2016
09:48
Final Results released this morning... Annual Financial Report - HTTP://www.investegate.co.uk/rivr-merctl-grp-plc/rns/annual-financial-report/201610110700061687M/ > Overall, net management and advisory fees decreased by 2% year on year to £45.7m, reflecting decreased advisory fees; > Performance fees were £1.5m, compared to £5.9m in the prior year. This reflects falling fixed income yields; > Statutory net profit after tax was £5.9m, compared to £8.3m in the prior year; > Statutory basic earnings per share were 7.15 pence, compared to 10.15 pence in the prior year; > Adjusted underlying profit before tax1 was £11.1m, compared to £12.4m in the prior year; > Adjusted profit after tax2 was £9.5m, compared to £12.7m in the prior year; > Adjusted basic earnings per share3 was 11.62 pence per share; compared to 15.46 pence per share in the prior year; Second interim dividend of 3.40p (including 0.1p special dividend) is payable 11/11 (XD 20/10). Final dividend of 2.50p also declared; payment/XD dates not stated (last year final was paid on 18/12). So 2016 full yr dividend of 9.50p (2015: 13.00p), down by 27%.
speedsgh
11/5/2016
17:26
Figures in Q3 Trading Update look pretty sound with AUM continuing to increase... Trading Update - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/trading-statement/201605110700078493X/
speedsgh
01/3/2016
13:43
According to an update today on IC's website, following the recent interims Numis has reduced EPS forecast to 11.7p for FY to June 2016, compared to 15.5p in FY2015.
speedsgh
29/2/2016
11:22
Happy enough with those results... Interim Report - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/river-and-mercantile-group-plc-interim-report/201602290700113829Q/ "The Board of Directors have declared a total interim dividend of 3.6 pence per share, of which 0.35 pence is a special dividend and relates to net performance fees. The dividend will be paid on 1 April 2016 to shareholders on the register as at 11 March 2016. The ex-dividend date is 31 March 2016." NOTE: I am assuming that the ex-div date stated in the rns is incorrect + that the shares will actually go ex-div on 10 March 2016, rather than the day before the dividend is due to be paid! EDIT - I also note that the both the core interim dividend of 3.25p + the full interim dividend of 3.60p (which includes 0.35p special) are down on the interim payment (3.60p core, 4.60p full incl 1.00p special) made at the same time last year.
speedsgh
08/2/2016
18:59
Bought some of these today. Looks to be a group of high quality based on P-Solve and River and Mercantile. 6 per cent yield for a growth stock is quite attractive- think the management team are quite entrepreneurial so happy to see how they do on a 5 year view.
topvest
06/11/2015
11:07
Still very much under the radar. One for the SIPP maybe...
ulinbac
06/11/2015
09:48
Strong Q1 trading update today in view of prevailing difficult market conditions... Trading Update - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/trading-statement/201511060700097624E/ River and Mercantile Group PLC (R&M), the advisory and investment management business today provides a trading update of Assets Under Management (AUM) and Notional Under Management (NUM) for the three months ended 30 September 2015. Highlights for the three months ended 30 September 2015: · Fee earning AUM/NUM increased from 30 June 2015 by 2% to £21.5 billion. · Net inflows were £592 million in the period, with net sales of £152 million and positive rebalancing flows in Derivative Solutions of £440 million. · In difficult market conditions investment performance reduced AUM by less than 1% (£133 million). Notably, fiduciary management assets fell only 0.3% in the period, demonstrating our ability to defend and protect client assets in volatile markets. Subsequent to the quarter end R&M has been appointed to a £1bn structured equity options mandate by a large UK defined benefit pension scheme. The mandate was designed and executed throughout October. Mike Faulkner, CEO of River and Mercantile, said: 'The difficult market conditions have shown the robustness of the business, both in terms of diversification across asset classes and to continue generating positive flows. This follows from our focus on delivering effective, outcome-led solutions to our clients. Our appointment for a large structured equity mandate continues the trend for investors to seek innovative ways to preserve value, while still remaining exposed to risk markets. Furthermore, our new Global High Alpha equity proposition has been reviewed by a range of investors and we expect to see flows in the coming months. We continue to deliver sustained investment returns for our clients and remain strongly positioned for growth.'
speedsgh
01/10/2015
10:39
I've held these for a few months, i suspect they will move steadily higher over the next year or so as investors begin to appreciate the underlying growth and high yield.
spooky
30/9/2015
09:25
Final Results - HTTP://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/financial-results-and-management-report-june-2015/201509300700226348A/ Highlights: · Mandated AUM/NUM was £21.3bn at 30 June 2015, an increase of 18% over 30 June 2014; · Net inflows for the year were £2.8bn from new and existing Clients; · Investment performance increased AUM by £845m due to strong performance in Fiduciary Management; · Net management and advisory fees were £46.7m for the year ended 30 June 2015, compared with £17.5m for the comparative six month reporting period ended 30 June 20141; · Statutory net profit after tax was £8.3m, compared with a loss of £1.2m in the comparative six month period; · Statutory basic earnings per share were 10.15 pence, compared with a loss of 2.22 pence in the comparative six month period; · Adjusted underlying pre-tax margin2 was 27%, compared with 22% in the comparative period; · Adjusted profit after tax3 was £12.7m, compared with £4.3m in the comparative six month period; · Adjusted basic earnings per share4 was 15.46 pence, compared with 7.74 pence in the comparative six month period; · The Board of Directors have declared a second interim dividend of 4.6 pence per share, of which 1.0 pence is a special dividend and relates to net performance fees. The dividend will be paid on 30 October 2015 to shareholders on the register as at 9 October 2015. The ex-dividend date is 8 October 2015; · The Board of Directors have proposed a final dividend for the year ended 30 June 2015 of 3.8 pence per share; · The total dividends paid, declared and proposed are 13.0 pence per share, representing 80% of the adjusted underlying profit after tax and 100% of the net performance fee profit after tax. Paul Bradshaw, Non-Executive Chairman said: "River and Mercantile Group enjoyed a successful first complete year in the public market. We were particularly delighted by the completion of the Royal Mail Pension Plan £700m structured equity mandate which brought together our equity and solutions skills for a winning client proposition. Our position in the more conventional market was reinforced by the successful launch of the River and Mercantile UK Micro Cap Investment Trust, and the investment teams in Fiduciary Management and Equity Solutions continue to deliver outstanding performance. We are today declaring a second interim dividend and proposing a final dividend for 2015 bringing the total dividends declared and proposed to 13.0 pence per share which represents 80% of the adjusted underlying profit after tax and 100% of the net performance fee profit after tax."
speedsgh
15/6/2015
14:02
River & Mercantile Group (RIV) were admitted to the LSE main market on 26 June 2014. Company website - HTTP://www.riverandmercantile.com/Home Investor Relations - HTTP://www.riverandmercantile.com/investor_relations Admission Prospectus - HTTP://www.riverandmercantile.com/uploads/Investor_relations/River%20and%20Mercantile%20Group%20PLC%20prospectus.pdf For the current FY Morningstar have pre-tax £17.00m (2016: £21.50m), EPS 15.63p (2016: 18.77p), DPS 12.10p (2016: 14.58p) For the current FY Digital Look have pre-tax £16.35m (2016: £20.15m), EPS 14.50p (2016: 17.85p), DPS 13.70p (2016: 16.10p) Dividend Policy (from Admission Prospectus)... The Directors have taken a number of factors into consideration in establishing the Group's dividend policy including, inter alia, the Group's ability to generate a sustained level of net income and free cash flow from operations, current regulatory capital requirements and additional capital for the Group's growth strategy. The Group's dividend policy is to pay at least 60 per cent of the Group's adjusted profits available for distribution by way of ordinary dividends on a half-yearly basis. In addition, the Group intends to distribute any surplus capital generated over time (primarily from net performance fee earnings), after taking into account regulatory capital requirements at the time and potential strategic opportunities, to Shareholders by way of special dividends. The Board intends to declare a dividend in respect of the period ended 30 June 2014, payable before 31 December 2014. The first dividend payment will reflect the Group's dividend policy, and minimum payment ratio of 60 per cent, as applied to adjusted profits (to the extent there are adjusted profits) for the period commencing on the date of the Merger and ending 30 June 2014. The dividend policy will be operated in respect of the year ending 30 June 2015. Whilst the Board considers dividends as the primary method of returning capital to Shareholders, it may execute share repurchases, when advantageous to Shareholders and, where permissible. The Group may revise its dividend policy from time to time.
speedsgh
15/6/2015
14:02
River & Mercantile Group (RIV) were admitted to the LSE main market on 26 June 2014. Company website - HTTP://www.riverandmercantile.com/Home Investor Relations - HTTP://www.riverandmercantile.com/investor_relations Admission Prospectus - HTTP://www.riverandmercantile.com/uploads/Investor_relations/River%20and%20Mercantile%20Group%20PLC%20prospectus.pdf For the current FY Morningstar have pre-tax £17.00m (2016: £21.50m), EPS 15.63p (2016: 18.77p), DPS 12.10p (2016: 14.58p) For the current FY Digital Look have pre-tax £16.35m (2016: £20.15m), EPS 14.50p (2016: 17.85p), DPS 13.70p (2016: 16.10p) Dividend Policy (from Admission Prospectus)... The Directors have taken a number of factors into consideration in establishing the Group's dividend policy including, inter alia, the Group's ability to generate a sustained level of net income and free cash flow from operations, current regulatory capital requirements and additional capital for the Group's growth strategy. The Group's dividend policy is to pay at least 60 per cent of the Group's adjusted profits available for distribution by way of ordinary dividends on a half-yearly basis. In addition, the Group intends to distribute any surplus capital generated over time (primarily from net performance fee earnings), after taking into account regulatory capital requirements at the time and potential strategic opportunities, to Shareholders by way of special dividends. The Board intends to declare a dividend in respect of the period ended 30 June 2014, payable before 31 December 2014. The first dividend payment will reflect the Group's dividend policy, and minimum payment ratio of 60 per cent, as applied to adjusted profits (to the extent there are adjusted profits) for the period commencing on the date of the Merger and ending 30 June 2014. The dividend policy will be operated in respect of the year ending 30 June 2015. Whilst the Board considers dividends as the primary method of returning capital to Shareholders, it may execute share repurchases, when advantageous to Shareholders and, where permissible. The Group may revise its dividend policy from time to time.
speedsgh
Chat Pages: 1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:35 V: D:20170425 00:42:18