A UK based company engaged in providing on-platform for fund management, regulatory, compliance, mortgages, protection and business consulting services.
18-Oct-2018 – 267p – £149.3m – PER 21.2
Trading Update For The 6 Months To End September 2018 – AUM up 16.3% and trading in-line with the Board’s FY expectations.
First coverage for me and actually popped up on my Technical screen a month or so ago. Looks interesting enough although perhaps fairly priced here. If I did not already own Miton (MGR) I may be more interested, for now it will go on my Watchlist.
15-Nov-2018 – 250p – £139m – PER 21.5
Interim Results For The 6 Months To End September 2018 – Assets Under Management up 29.5%, Revenue up 15,7%, Fully Diluted EPS up 8.6%, Interim Dividend up 27.3% with Net Cash at £11.6m.
As I am already invested in Miton (MGR) I will remain Neutral here for now.
3-Jun-2019 – 199p – £111m – PER 15.9
Results For The 12 Months To End March 2019 – AUM up 24.5%, Revenue up 12.9% (to £17.5), EPS up 9.9% (to 10p), Total Dividend up 27.3% (to 8.4p) with Net Cash at £12.2m.
Looks OK, the issue here (with me) is the potential for outflows in a market correction – Just can’t get excited enough even with a 4%+ Yield.