Final results show impressive growth and strong operating margins; +5% ahead of our recently upgraded forecasts – with challenges posed by COVID navigated successfully. FuM is growing very strongly. Flows have recovered over the last 12m and continue to build, hitting £9.5bn post-period end already. Management has outlined an aspiration to reach £15bn FuM in 3 years. We leave headline forecasts unchanged, but see upside as FuM continues to grow. With scope to double the business in the medium te ....
15 Jun 2021
Impressive growth, FuM already closing in on £10bn
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Impressive growth, FuM already closing in on £10bn
Tatton Asset Management Plc (TAM:LON) | 571 45.7 1.4% | Mkt Cap: 345.5m
- Published:
15 Jun 2021 -
Author:
Andrew Watson | James Bayliss -
Pages:
3
Final results show impressive growth and strong operating margins; +5% ahead of our recently upgraded forecasts – with challenges posed by COVID navigated successfully. FuM is growing very strongly. Flows have recovered over the last 12m and continue to build, hitting £9.5bn post-period end already. Management has outlined an aspiration to reach £15bn FuM in 3 years. We leave headline forecasts unchanged, but see upside as FuM continues to grow. With scope to double the business in the medium te ....