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| 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
|
|
|---|---|---|---|---|---|
| -4.00 | -0.58% | 690.00 | 5,146 | 16:35:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 678.00 | 700.00 | 700.00 | 680.00 | 680.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 36.81M | 12.99M | 0.2146 | 32.62 | 419.95M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:06 | UT | 1,989 | 690.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/11/2024 | 07:00 | UK RNS | Tatton Asset Management PLC Unaudited Interim Results |
| 06/11/2024 | 07:00 | UK RNS | Tatton Asset Management PLC Notice of Investor & Analyst Presentations |
| 17/10/2024 | 10:52 | UK RNS | Tatton Asset Management PLC Holding(s) in Company |
| 15/10/2024 | 14:33 | ALNC |  TRADING UPDATES: Strix lauds "milestone"; Quartix to meet expectations |
| 15/10/2024 | 06:00 | UK RNS | Tatton Asset Management PLC Trading Update and Notice of Results |
| 23/8/2024 | 11:10 | UK RNS | Tatton Asset Management PLC Block Listing Application |
| 08/8/2024 | 15:16 | UK RNS | Tatton Asset Management PLC Holding(s) in Company |
| 31/7/2024 | 13:53 | UK RNS | Tatton Asset Management PLC Holding(s) in Company |
| 31/7/2024 | 06:00 | UK RNS | Tatton Asset Management PLC Result of AGM |
| 24/7/2024 | 14:04 | UK RNS | Tatton Asset Management PLC TR-1 |
Tatton Asset Management (TAM) Share Charts1 Year Tatton Asset Management Chart |
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1 Month Tatton Asset Management Chart |
Intraday Tatton Asset Management Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/12/2024 | 10:33 | Tatton Asset Management lists on AIM | 100 |
| 03/10/2013 | 03:52 | **** TAKEOVERS & MERGERS **** | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-20 16:35:06 | 690.00 | 1,989 | 13,724.10 | UT |
| 2024-12-20 16:29:55 | 700.00 | 10 | 70.00 | AT |
| 2024-12-20 15:53:09 | 697.36 | 1 | 6.97 | O |
| 2024-12-20 15:31:23 | 680.00 | 12 | 81.60 | AT |
| 2024-12-20 15:31:23 | 680.00 | 68 | 462.40 | AT |
| Top Posts |
|---|
Posted at 21/12/2024 08:20 by Tatton Asset Management Daily Update Tatton Asset Management Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker TAM. The last closing price for Tatton Asset Management was 694p.Tatton Asset Management currently has 60,511,400 shares in issue. The market capitalisation of Tatton Asset Management is £423,579,800. Tatton Asset Management has a price to earnings ratio (PE ratio) of 32.62. This morning TAM shares opened at 680p |
Posted at 13/11/2024 11:54 by martinmc123 TAM – Tatton Asset Management4* Tatton Asset Management posted strong interims this morning. Assets Under Management/Influence increased 34.9% to £19.948bn up from Sep 2023 £14.784bn a year ago. AUM/I at 31 March 2024 were £17.604bn, an annualised increase of 26.6% for the HY period. Organic net inflows were £1.832bn (Sep 2023: £0.910bn), an annualised increase of 22.1% of opening AUM...from WealthOracle wealthoracle.co.uk/d |
Posted at 13/11/2024 07:32 by edmonda "H1 revenue +24%, profit +23%, forecasts upgraded"New research report from Equity Development available here: AUM jumped 14% over H1-25 (to 30 Sep 24) from £16.6bn to £18.9bn. Net inflows added £1,832m (22% p.a. inflow rate, far higher than all peers, see page 4), and investment returns £534m (3.2% over 6m). Including 50%-owned 8AM Global, Assets-Under-Managem This is an exceptionally strong start to the next leg of Tatton’s growth journey. In June ‘24 it set a target of reaching £30bn AUI by end-FY29, an 11% CAGR. Our previous forecasts assumed average net flows of c£150m per month. That was clearly overly-conservative. Monthly net flows actually averaged £305m over H1-25, far higher than £192m in FY24 and £150m in FY23. We upgrade forecasts assuming net flows of £200m per month for H2-25, as per Tatton guidance, reducing to c£170m per month after that (October net flows: £265m), also as guided. This change materially increases our FY25 revenue and profit forecasts and our longer-term forecasts (see page 18). In turn, our fundamental valuation increases from 640p per share to 715p. But with such a superior offering compared to peers in platform MPS (page 5), and structural market tailwinds (page 15), there is certainly potential for Tatton to grow faster than our current forecast and for our fundamental valuation to rise again. |
Posted at 15/10/2024 06:34 by edmonda "Bumper H1-25, AUM up 14% driven by inflows" - new research note available here: Tatton has recorded an exceptionally strong start to the next leg of its growth journey: in June ’24 it set a target of reaching £30bn of Assets-Under-Managem With so much uncertainty around the UK budget (due 30 Oct 24), which could have implications for investors’ capital allocations and financial markets, we feel it prudent to wait a few weeks before updating forecasts, until Tatton’s interim results on 13 Nov. But we certainly see potential for a substantial upgrade if growth continues anywhere close to the current rate. Our June 24 note details our current valuation of 640p per share & Tatton’s growth opportunities in more detail. |
Posted at 20/6/2024 15:07 by edmonda Video recording now available - Investor Presentation video (FY Results - June 2024)Tatton Asset Management (AIM: TAM) ran viewers through highlights of the Full Year period to 31st March 2024, which included strong, double-digit growth across revenue and adjusted operating profit, driven by record levels of AUM and net inflows. Management outlined their new growth target to achieve £30 billion in Assets under Influence by the end of the financial year 2029. The team also provided a detailed financial review, an in-depth summary of investment performance and answered questions from viewers. Paul Hogarth (Chief Executive Officer), Paul Edwards (Chief Financial Officer), and Lothar Mentel (Chief Investment Officer) presented from the company. The presentation has been divided into chapters for ease of viewing, as below: 0:00:14 Key Highlights 0:04:22 Financial Performance 0:12:49 Strategic Update 0:23:36 Investment Management Update 0:34:40 Summary 0:36:19 Questions & Answers Link to video: |
Posted at 18/6/2024 06:32 by edmonda "FY24 forecasts exceeded, very strong start to FY25"It has been a huge few years for Tatton. The three-year growth target of moving from £9bn AUM on 31 Mar 21 to £15bn Assets Under Influence (AUI) by 31 Mar 24 was comfortably exceeded, with AUI closing 17% above target at £17.6bn – a 96% gain over three years. Yet FY24 was without doubt the most impressive. AUM jumped +30% over the year purely from organic growth, with net flows of +£2.3bn (record net inflows for Tatton and a net flow rate far higher than all peers - page 4), and a tailwind from investment performance of +£1.5bn. Tatton has exceeded our previous forecasts for FY24. It has set an ambitious new 5-year plan to reach £30bn AUI by end-FY29. And it has had an exceptionally strong start to FY25, with net inflows of £0.9bn in Q1-25 up to 14 Jun (matching the total inflows of H1-24), bringing AUI to £18.6bn. We therefore increase our FY25 forecasts as detailed below, as well as our fundamental valuation which rises from 620p to 640p per share. Link to research note: |
Posted at 16/4/2024 06:38 by edmonda "AUM up 30% in FY24, record flows, forecasts raised"AUM jumped £3.8bn or +30% in FY24, reaching £16.6bn on 31 Mar 24, 12% above our previous forecast of £14.7bn. Including 50%-owned 8AM Global, Assets Under Influence hit £17.6bn. Investment performance provided a tailwind, adding £1.5bn to AUM. But our key takeaway from Tatton’s hugely impressive last few years, is that it has designed and implemented a superior offering in platform-MPS with net flows consistently far higher than peers. That leadership looks even more pronounced in H2-24 with net flows of £1.4bn v £0.9bn in H1. Forecasts increase on the jump in AUM, although Tatton has flagged that flows were elevated in H2 and unlikely to continue at quite the same level. Our fundamental value rises to 620p per share (prev. 580p). We will re-visit forecasts in June with final results and when Tatton presents an updated strategic growth target. We also flag growing trading volumes/interest in TAM shares. New research report: |
Posted at 16/11/2023 07:44 by edmonda "Sector-leading net flows, double-digit profit growth"AUM grew 8% over H1-24 (to 30 Sep 23) from £12.7bn to £13.7bn. Net inflows totalled +£910m (7% of opening AUM), an inflow rate far above most peers, with some experiencing substantial outflows (see page 2). Investment performance contributed +£100m to AUM. Encouragingly, Tatton reports that the level of net inflows of H1 has continued into H2. Revenue was up 10% y-o-y from £15.9m in H1-23 to £17.5m; adjusted operating profit (AOP) increased 11% from £8.0m to £8.9m; and AOP margin hit 50.7%, from an already-impressive 50.1% in H1-23. These margins are far above any comparable business (see page 7). We highlight the significant growth potential going forward (detailed on pages 9-12): 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 fundamental valuation is 580p per share, 18% above the current share price. We also flag that since the end of the bull market (end of 2021), investment/wealth managers and platforms have ‘de-rated&rsqu Link to report: |
Posted at 19/10/2023 14:07 by kalai1 Tatton Asset Management plc issued a trading update for the for the six months ended 30 September 2023 this morning. The Group is performing well and results are in line with the Board's expectations for the Period, with continued growth in both revenue and profits driven by strong net inflows. Total net inflows in the Period were £0.910bn, marginally ahead of both the final six months of the prior financial year (H2 23: £0.887bn) and the same Period last year (H1 23: £0.907bn), total AUM at the end of the Period was £13.720bn (30 September 2022: £11.343bn), an annual increase of 21.0% or £2.377bn. Including 8AM Global Limited assets of £1.064bn, AUM/AUI increased over the last twelve months by 19.8% or £2.441bn to £14.784bn (30 September 2022: £12.343bn). Valuation is unhelpful with forward PE ratio over 20x and PS ratio near 8.6x. Share price also lacks momentum. Monitor for now......from WealthOracle |
Posted at 19/10/2023 07:39 by edmonda "Growth rate head-and-shoulders above peers (again)"AUM grew 8% over H1-24 (to 30 Sep 23) from £12.7bn to £13.7bn. Net inflows totalled £910m (7% of opening AUM), showing remarkable strength and consistency (H1-23: £907m, H2-23: £887m). This is even more impressive given the difficult economic and market environment which has hurt the growth of most sector peers, with some experiencing substantial outflows. Market and investment performance contributed £100m to AUM over the half-year. ‘Assets under influence’ (AUI), which includes the AUM of 8AM Global Limited (£1.1bn) in which Tatton owns a 50% stake, also grew 7% to £14.8bn. This brings the group within touching distance of its medium-term strategic AUI target of £15bn which it set out to achieve by March 2024. Over H1-24, 51% of our forecast full-year AUM growth has been achieved (flows ahead, markets weaker) and we have left our forecasts unchanged, as well as our fundamental valuation of 580p, which is 22% above the current share price. We also flag that sector valuations have declined extremely sharply, and there is potential for a significant sector re-rating (see page 3). New research report with audio summary: |
Posted at 20/4/2022 06:53 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&rsquoTatton 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. |
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