We initiate coverage on Frenkel Topping, which advises vulnerable clients resulting from injury or ill-health. Having secured the appropriate FCA permissions, Frenkel Topping now offers investment management services and is targeting £1bn of AUM by 2018. As a consequence, PBT is forecast to double by 2017, generating strong EPS growth and supporting a progressive dividend policy.
11 Jul 2016
Attractive niche financial adviser and investment manager
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Attractive niche financial adviser and investment manager
Frenkel Topping Group plc (FEN:LON) | 51.0 0 0.0% | Mkt Cap: 65.3m
- Published:
11 Jul 2016 -
Author:
Cavendish Research -
Pages:
20
We initiate coverage on Frenkel Topping, which advises vulnerable clients resulting from injury or ill-health. Having secured the appropriate FCA permissions, Frenkel Topping now offers investment management services and is targeting £1bn of AUM by 2018. As a consequence, PBT is forecast to double by 2017, generating strong EPS growth and supporting a progressive dividend policy.