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TAM Tatton Asset Management Plc

574.00
2.00 (0.35%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tatton Asset Management Plc LSE:TAM London Ordinary Share GB00BYX1P358 ORD GBP0.20
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.35% 574.00 576.00 588.00 576.00 562.00 562.00 2,272 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 32.33M 13.37M 0.2210 25.43 340.07M

Tatton Asset Management PLC Trading Statement (3600E)

18/10/2018 7:00am

UK Regulatory


Tatton Asset Management (LSE:TAM)
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From Apr 2019 to Apr 2024

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TIDMTAM

RNS Number : 3600E

Tatton Asset Management PLC

18 October 2018

18 October 2018

Tatton Asset Management plc (or the 'Group')

Trading statement

Tatton Asset Management plc (AIM: TAM), the on-platform discretionary fund management (DFM) and IFA support services business, is today providing an un-audited period end update for the 6 months ended 30 September 2018.

The Group has performed well during the period and the progress outlined at the year-end results reported on 27 June 2018 has continued.

Highlights

Tatton Investment Management continues to grow strongly. Assets under management increased to GBP5.7 billion at 30 September 2018 (31 March 2018: GBP4.9 billion) an increase of GBP0.8 billion or 16.3% for the six-month period.

Paradigm Mortgage Services, the Group's mortgage distribution and support services business, continues to grow well. New members increased to 1,290 at 30 September 2018 (31 March 2018: 1,219).

Paradigm Partners, the Group's IFA support services business increased new member firms to 382 at 30 September 2018 (31 March 2018: 368).

Management remain confident that the Group continues to trade in line with the Board's full year expectations. Tatton Asset Management expects to report its interim results on the 15 November 2018.

Paul Hogarth, Founder and CEO of Tatton Asset Management plc, said:

"We have delivered a good start to the year and we remain confident of achieving further progress through the rest of the financial year. We are pleased with the continued growth of our assets under management which is a further endorsement of our DFM proposition that both lowers the cost of investment and delivers against given investment objectives while maintaining the highest investment management standards."

Enquiries:

 
 Tatton Asset Management plc 
  Paul Hogarth (Chief Executive 
  Officer) 
  Paul Edwards (Chief Financial 
  Officer)                                +44 (0) 161 486 3441 
  Lothar Mentel (Chief Investment          +44 (0) 161 486 3441 
  Officer)                                 +44 (0) 161 486 3441 
 Zeus Capital - Nomad and Broker 
  Martin Green (Corporate Finance) 
  Dan Bate (Corporate Finance             +44 (0) 20 3829 5000 
  and QE)                                  +44 (0) 20 3829 5000 
  Pippa Underwood (Corporate Finance)      +44 (0) 20 3829 5000 
 Media Enquiries 
  Roddi Vaughan-Thomas                    +44 (0) 20 7190 2952 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTMMMMGMNLGRZM

(END) Dow Jones Newswires

October 18, 2018 02:00 ET (06:00 GMT)

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