LSE company dividends information has been updated. You can find this is in the menu on any Quote page. ADVFN team.


Tatton Asset Management Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 456.00 59,911 11:36:08
Bid Price Offer Price High Price Low Price Open Price
448.00 464.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Services, Nec 29.36 9.24 - 28.50 268.65
Last Trade Time Trade Type Trade Size Trade Price Currency
11:30:46 O 36,100 445.00 GBX

Tatton Asset Management (TAM) Latest News

Tatton Asset Management (TAM) Discussions and Chat

Tatton Asset Management Forums and Chat

Date Time Title Posts
18/5/202310:33Tatton Asset Management lists on AIM77
03/10/201304:52**** TAKEOVERS & MERGERS ****7

Add a New Thread

Tatton Asset Management (TAM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Tatton Asset Management (TAM) Top Chat Posts

Top Posts
Posted at 18/4/2023 07:47 by edmonda
"Organic growth train rumbles on with inflows +40%"

FY23 AUM closed on £12.7bn (on 31 Mar 23), +12% y-o-y on a like-for-like basis (31 Mar 22: £11.3bn), and well ahead of our previous forecast of £12.2bn. Adding 8AM Global’s assets brings Assets Under Influence up to £13.8bn (Tatton acquired 50% of 8AM in Aug 22).

But most impressively, the bulk of growth came from exceptionally strong net flows of +£1.8bn (16% of opening AUM and +40% y-o-y), with momentum through the year (H1: +£907m; H2: +£887m). Tatton’s ability to attract and retain assets has been far above peers in recent years. It clearly has a strong strategic positioning and is gaining market share.

Our FY23 rev. forecast rises to £31.1m from £30.6m (FY24: £35.0m from £34.0m) and our FY23 adj. operating profit to £15.8m from £15.1m (FY24: £17.9m from £17.8m). We also highlight that Tatton is ahead of its medium-term growth plan. Our core value rises from 500p to 560p per share.

New research note with audio summary:

Posted at 23/11/2022 07:25 by edmonda
"Best-in-class growth in very difficult markets" (new research report)

In our 18 October note, we stated how impressed we were with Tatton’s strong net inflows during H1-23 (to 30 Sep 22), an extremely testing economic period. These totalled +£907m (H1-22: £652m), an annualised rate of 16% of opening AUM, just offsetting a negative investment performance of -£905m (-8.0% of opening AUM compared to the MSCI PIMFA Private Investor Balanced Index fall of -9.6%), leaving AUM at £11.3bn (£12.3 bn including c£1.0bn of ‘assets under influence’ from the acquisition of 50% of 8AM Global, growing to £12.9bn in the post-results period).

With more peers releasing trading updates since that note, Tatton’s performance now looks even more impressive than first thought. It was the ONLY company in our peer group that grew AUM, with all comparable peers recording AUM declines (between 5% and 11%).

We highlight the significant growth potential beyond their three-year plan: Tatton is in a growing market with significant tailwinds; it has a market-leading proposition and is gaining market share; it has a huge opportunity to grow AUM even without winning new clients (by increasing average AUM per client); and it can accelerate growth through strategic partnerships and acquisitions.

Our core value is 500p per share, 14% above the current share price. This increases from 460p on better-than-expected interims and a fall in the 10-year Gilt rate, the risk-free rate in our DCF valuation.

Note and audio summary (free & accessible) here:

Posted at 18/10/2022 14:35 by kalai1
Posted at 18/10/2022 14:34 by kalai1
Tatton Asset Management plc provided an update on performance for the six months ended 30 September 2022. The Group performed well in the Period with continued growth in revenue and profits and strong net inflows in a difficult and volatile market. Total inflows in the Period were £0.907bn an increase of 39.1% compared to the same period last year (Sept 2021: £0.652bn). These strong organic net inflows were offset by a negative market performance of £0.905bn resulting in total AUM at the end of the Period being in line with the prior year end at £11.343bn (Mar 2022: £11.341bn). This is pretty solid performance given the ongoing bear markets in both equities and bonds...

...from WealthOracle


Posted at 18/10/2022 07:52 by edmonda
Exceptionally strong half-year of net inflows - link to full new research note from Equity Development:

Even in more ‘normal’ economic times, Tatton’s net inflows over H1-23 (to 30 Sep 22) would have been impressive. But given the weak economic and market environments, it is an exceptional performance. Net inflows totalled £907m (annualised rate of 16% of opening AUM), averaging £150m per month. This is a sharp increase (+39%) over H1-22 which saw £652m of net inflows (annualised rate of 14.5% of opening AUM), averaging £100m per month.

Falls in financial markets, however, offset most of these AUM gains. The MSCI PIMFA Private Investor Balanced Index fell 9.6% over the period with market movements and investment performance being responsible for a £905m reduction in Tatton’s AUM (-8.0% of opening AUM). AUM closed the half-year marginally up at £11.343bn (31 Mar 22: £11.341bn).

While net inflows are ahead of our forecasts by some margin (previous estimate £1.3bn for the full FY23), market falls lead us to reduce our end-FY23 AUM forecast from £13.0bn to £12.2bn (Tatton has also flagged that H1 inflows were boosted by several ‘wins’ with H2 net inflows likely to be lower than H1). This, coupled with the jump in UK Gilt yields (the risk-free rate in our DCF valuation), reduces our fundamental value from 540p to 460p, still 30% above the current share price.

We also highlight that while only a limited data set is available, it seems that Tatton’s H1 performance of net inflows exceeding negative investment performance (i.e., a net increase in AUM) appears to be a standout performance among London-listed asset and wealth management peers (see page 2). We will revisit this comparison when interim results are released in November.

Posted at 07/9/2022 14:54 by 1djinn
7% fall in the price today. Anyone know why
Posted at 15/6/2022 07:28 by edmonda
#TAM Despite sharp market falls in Q4 of FY22 (Jan-Mar 22), AUM grew 26% y-o-y to £11.3bn (FY21: £9.0bn), with £1.3bn of net inflows (14.2% of opening AUM compared to a sector median of just 4.3%). Revenue grew 26% from £23.4m in FY21 to £29.4m, adjusted operating profit 27% from £11.4m to £14.5m, and adjusted operating margin increased from 48.8% to 49.5% (compared to a sector median of 32%), providing further evidence of operational gearing.

Net cash increased 28% from £16.9m to £21.7m, even though £6.6m was paid in dividends and £3.0m for the first tranche of the Verbatim funds acquisition. Tatton has declared a full-year dividend of 12.5p, 14% up on the 11p distributed in FY21, giving a yield of 3.0%

Our fundamental value is 530p per share. That is c. 27% above the current share price, but down slightly on our previous value of 560p per share - due mainly to an increased discount rate (which is in turn due to the recent jump in UK 10-year Gilt yields which we have used as our risk-free rate).

Posted at 21/4/2022 01:37 by tudes100
I'm not sure I agree that TAM is not cheap currently. We're now in FY23, FY forecast is 21.1p EPS but with the acquisition announced yesterday forecasts will be getting increased to close to 22p. This puts them on a fc PE of 19x which given their track record is excellent value imo.
Posted at 20/4/2022 07:53 by edmonda
#TAM AUM ended FY22 (31 Mar 22) on £11.3bn, +26% y-o-y (31 Mar 21: £9.0bn), in line with our previous forecasts. But more impressive, from a longer-term strategic perspective, is the fact that ‘organic’ net inflows of +£1.28bn exceeded our forecasts to make up for an investment performance which was hit by the market turbulence of Q4 (Jan-Mar 22). In fact, net inflows in H2 almost matched H1 (£625m vs £652m).

Tatton has also entered into an agreement to acquire 50% of 8AM Global Limited (8AM), for c£7.0m (£3.5m payable on completion, funded through the issue of new shares, plus two performance-adjusted payments after 12 & 24m). Tatton will have an option to acquire a further 50%. This appears to be a solid strategic fit and in line with Tatton’s acquisition strategy.

Our bullish view on Tatton’s fundamentals remains unchanged, as do our forecasts, other than a small adjustment to FY22 AUM to match the actual closing value. We maintain our fundamental value of 560p per share1 which is around 30% above the TAM share price following its recent fall, although we highlight the fall is not unique to TAM, with ‘growth shares’ generally hard-hit in 2022.

Posted at 11/3/2022 14:29 by km18
...from last year...

Tatton Asset Management issued a trading update for the 6 months to September this morning. The Group delivered strong growth across all its key metrics during the Period, including revenue, profits and assets under management ("AUM") and the Group is trading in line with expectations. Total AUM increased by 20.0% or £1.797 billion to £10.787 billion with organic growth contributing 12.8%. Tatton net inflows were £0.652 billion, increasing 98.8% compared to the same period last year. In addition, strong investment performance increased AUM by over 5.0% adding £0.495 billion. Share price has already risen 150% in the post-Covid rally, valuation is not cheap. But the business is growing solidly, is scalable and should deliver very strong EPS growth in coming years. It may not get any cheaper. BUY....

...from WealthOracleAM

Tatton Asset Management share price data is direct from the London Stock Exchange
Your Recent History
Tatton Ass..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

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

Support: +44 (0) 203 8794 460 |

V: D: 20230605 16:40:45