Final results to March are in line. COVID has disrupted progress but AuM has recovered to £7.6bn in recent weeks, having finished the year at £6.7bn. We note that Tatton has maintained net inflows and has continued to develop adviser membership – both are drivers of long-term value creation. We model the recent AuM recovery, sustained flows and a gradual recovery in mortgage lending. This results in a 10% reduction to our pre-COVID earnings forecasts. The opportunity remains
16 Jun 2020
AuM bounces back to £7.6bn as inflows sustained
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AuM bounces back to £7.6bn as inflows sustained
Tatton Asset Management Plc (TAM:LON) | 562 -22.5 (-0.7%) | Mkt Cap: 340.1m
- Published:
16 Jun 2020 -
Author:
Andrew Watson -
Pages:
3
Final results to March are in line. COVID has disrupted progress but AuM has recovered to £7.6bn in recent weeks, having finished the year at £6.7bn. We note that Tatton has maintained net inflows and has continued to develop adviser membership – both are drivers of long-term value creation. We model the recent AuM recovery, sustained flows and a gradual recovery in mortgage lending. This results in a 10% reduction to our pre-COVID earnings forecasts. The opportunity remains