Tatton has demonstrated resilience to deliver a strong outturn. H1 performance was in line – delivering half our FY21 estimates – on sustained net inflows (£55m pcm) as performance benefited from market recovery and Paradigm addressed lower mortgage volumes by refocusing on refi/product switching. AuM has recently hit the £8bn milestone. The balance sheet is well capitalised (£13m cash) and pursuit of compelling organic (and acquisitive) opportunity continues. The 18x fwd PER reflects this, alon ....
18 Nov 2020
Robust H1 performance, AuM passes £8bn milestone
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Robust H1 performance, AuM passes £8bn milestone
Tatton Asset Management Plc (TAM:LON) | 580 0 0.0% | Mkt Cap: 351.0m
- Published:
18 Nov 2020 -
Author:
Andrew Watson -
Pages:
3
Tatton has demonstrated resilience to deliver a strong outturn. H1 performance was in line – delivering half our FY21 estimates – on sustained net inflows (£55m pcm) as performance benefited from market recovery and Paradigm addressed lower mortgage volumes by refocusing on refi/product switching. AuM has recently hit the £8bn milestone. The balance sheet is well capitalised (£13m cash) and pursuit of compelling organic (and acquisitive) opportunity continues. The 18x fwd PER reflects this, alon ....