Net inflows were strong during H1, with +20% AuM growth yoy to £10.8bn on a number of strong £100m+ flow months. This is evident in H1 earnings: adj. operating profit +38%, with an impressive 50% margin. This momentum has continued in H2 already (£11.2bn). We upgrade by 9% in the current year on slightly better revenues and lower costs. Tatton is delivering sustained AuM growth in a deep pool of opportunity, recurring fee income, 50%+ operating margins and ability to scale. We think it is deserv ....
17 Nov 2021
Interims: strong H1 AuM momentum drives earnings
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Interims: strong H1 AuM momentum drives earnings
Tatton Asset Management Plc (TAM:LON) | 571 0 0.0% | Mkt Cap: 345.5m
- Published:
17 Nov 2021 -
Author:
Andrew Watson | James Bayliss -
Pages:
3
Net inflows were strong during H1, with +20% AuM growth yoy to £10.8bn on a number of strong £100m+ flow months. This is evident in H1 earnings: adj. operating profit +38%, with an impressive 50% margin. This momentum has continued in H2 already (£11.2bn). We upgrade by 9% in the current year on slightly better revenues and lower costs. Tatton is delivering sustained AuM growth in a deep pool of opportunity, recurring fee income, 50%+ operating margins and ability to scale. We think it is deserv ....