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Started: JustChampers, 4 Apr 2023 11:38
Last post: JustChampers, 4 Apr 2023 11:38
Glad they're keeping the Rathbones Brand, "InvestBones" or "RathTec" would be just wrong, even worse they could do an Aberdeen and go with something stupid like "RTHBN" Lol !
Started: andsoforth, 1 May 2022 10:08
Last post: andsoforth, 5 May 2022 08:31
Q1 update:
Net operating income up 4%.
FUMA down 5%.
Decent performance in trying times.
Annual results due 28 July.
...due this Thursday 5 May.
Started: stu100, 1 Apr 2022 08:08
Last post: stu100, 1 Apr 2022 18:26
Thanks for the info. Recent staff an just joimed the share save so good news then ha
Takeover at Brewin Dolphin was followed by a piece from Shares Mag editor saying he thought RAT could be next on the list for a bid. My money would be on JUP. Rat is too well run.
https://news.sky.com/story/fund-manager-jupiter-hires-bankers-to-draw-up-1-5bn-bid-defence-plan-12492538
Does anyone know what caused the share price rise of £2.16 yesterday. Cannot find anything online
Started: andsoforth, 11 Feb 2022 10:53
Last post: andsoforth, 12 Mar 2022 11:51
A great purchase. Welcome aboard! :)
Hi and so forth…let me be the first pupil in your classroom. I bought these for the 1st time on Monday at £14.69….very pleased with the rise, and expect them to be back over £20, once the Ukraine situation is resolved. I will buy more on weakness.
Talking to an empty room here, but for info RAT is currently on:
PER = 9
PEG = 0.7
YIELD = 5.4%
FORECAST EPS = +15%
There are forecasts for greater expenditure on IT systems, but this is manageable out of current cash.
GARP and income compatible?
FTSE 100 to open c3% down, so a fall is coming. BUT results today show EPS of 133.5p. Increases across the board of c20%, and dividend raised 12.5%. Rather decent results!
Seems to still be a decent income play, and possible GARP.
PER= 11
Yield = c4.6%
Last quarterly was a little disappointing, but there have been positive noises since.
Started: andsoforth, 7 Oct 2021 10:27
Last post: andsoforth, 7 Oct 2021 10:27
The third quarter update is due next week. Volatility should aid profitability here. A sell off is going on at the mo, so perhaps another institutional investor selling out or down, but Lindsell Train own nearly 20% so it could simply be them trimming.
The figures still make this a decent company, making occasional acquisitions, and paying a decent dividend. A good take for income investors?
Started: andsoforth, 6 May 2021 22:08
Last post: andsoforth, 6 May 2021 22:08
RBC RAISES RATHBONE BROTHERS PRICE TARGET TO 2,020 FROM 1,975) - MAINTAINS RATING OF 'OUTPERFORM'
Started: andsoforth, 6 May 2021 08:48
Last post: andsoforth, 6 May 2021 08:48
All relevant measure up c2%. Steady growth here, and a nice yield.
Started: andsoforth, 28 Feb 2021 18:39
Last post: andsoforth, 4 Mar 2021 07:42
"Total FUMA reached £54.7 billion at 31 December 2020, up 8.5% from £50.4 billion at 31 December 2019
- £44.9 billion in the Investment Management business, up 4.4% (2019: £43.0 billion)
- £9.8 billion in the funds business, up 32.4% (2019: £7.4 billion)
- Total net inflows across the group were £2.1 billion (2019: £0.6 billion), representing a growth rate of 4.2% (2019: 1.3%)
- Gross organic inflows in Investment Management were consistent at £3.3 billion in 2020 compared to £3.3 billion in the prior year
- Acquired inflows of £0.6 billion in Investment Management largely reflect the transfer of assets from Barclays Wealth (£0.4 billion)
- Investment Management outflows for the year totalled £3.3 billion (2019: £3.9 billion)
- Net inflows in our funds business were £1.5 billion (2019: £0.9 billion)"
Dividend raised 2%.
Pretty decent results.
They have it as a "super stock"! The PER is 12, and the yield is possibly 4.5%. Price has been suppressed by Mawer selling, though AV. now hold 6%. Fourth quarter results last month saw FuM&A up 8%, and rises across the board. Results are available on Thursday. Seems a decent, solid firm.
I've held these for a while, very disappointed as it's an expensive stock, I'm looking at their Global Opportunities Fund and thinking that must be a better option surely? Cheap to buy, cheap to hold and solid growth.
I have these in paper shares fantastic company :-)
Not bad half year as they are working from home.
Small buy here today at 2000.
a good day today.
Started: Caped-crusader, 3 Dec 2014 11:19
Last post: Caped-crusader, 3 Dec 2014 11:19
.
Last post: bilboburgler, 10 Jul 2014 17:35
Hit a stop today.... :-)
good entry point.
The underlying annualised rate of net organic growth was 3.0% in 2012, 2.0% less than recorded in the previous year, which the company said reflected a £31m outflow from Albany Investment Trust and £31m of outflows following the end of contractual arrangements with Cavanagh Financial Management. Andy Pomfret, Chief Executive Officer of Rathbone Brothers, said: "Market conditions remained challenging for private clients in 2012 but Rathbones did increase its funds under management by 13.4% to £18bn in the year. Profit before tax of £38.8m for the year to December 31st 2012 was marginally lower than the £39.2m in 2011 but basic earnings per share of 67.00p were up 0.4% on 66.72p in 2011. He added: "After a challenging 2012 UK equity markets ended the year on a more positive note and this has continued into 2013. Rathbones looks forward to 2013 with more optimism although markets do remain fragile as governments, particularly in the US, the UK and the eurozone, battle with difficult economic and financial conditions. "Rathbones continues to grow and consolidate its position as a leading provider of high-quality, personalised discretionary investment management services."
Total funds under management rose 13.4 per cent and a final dividend of 30p was proposed for the year to December 31st, preliminary results issued by Rathbone Brothers have disclosed. The company stated that the board proposed a dividend of 30p, up from 29p a year earlier, resulting in a full year dividend of 47p - a 1.0p increase compared to in 2011. The proposed dividend would be covered 1.4 times by basic earnings and 1.7 times by underlying earnings. Funds under management were up to £17.98bn from £15.85bn. The total net annual growth rate of funds under management for Rathbone Investment Management was 6.0%, down from 8.0% in the previous year. This comprised £0.48bn of acquired inflows from new investment teams, the private client acquisitions of R.M. Walkden & Co. and AIB Jersey as well as £0.44bn of net organic growth.
Rathbose Brothers: Numis upgrades to hold with a target price of 1200p.
Shares in wealth management outfit Rathbone Brothers have been placed at 1,235p a pop with institutional investors, allowing the firm to top up its war-chest. The company raised £24.7m (gross) through the issue of 2m shares, half a million more than it was targeting when it announced the share placing first thing on Wednesday morning. The group is hitting the acquisition trail again and so it needs the money. Its first purchase is the UK private client investment management business of Taylor Young Investment Management (TYIM). TYIM's management team will soon be wearing Rathbone colours after the latter agreed to pay up to £10m in cash for the business, although the consideration could rise to £15m by November 2014 depending on the performance of funds currently being managed by TYIM. Rathbones expects the transaction to be earnings neutral in 2013 prior to amortisation, and should start contributing to earnings from 2014 onwards. As at November 2nd, TYIM had £337m of funds under management (FUM), and Rathbones has calculated that adding those funds to its own pot would increase FUM by 2.0% to £17.69bn. Andy Pomfret, Chief Executive of Rathbone Brothers, said management expects to see more acquisition opportunities in the private client industry in the next few years.
Wealth manager Rathbone Brothers has provided a solid quarterly trading update on Wednesday with funds under management (FuM) slightly up on the same period in the prior year. Total FuM for the nine months to September 30th were £17.35bn (2011: £15.05bn), with net operating income increasing to £116m (2011: £108.7m) for the period. Underlying net operating income of £109.4m in Rathbone Investment Management for the nine months ended September 30th was 7.9% higher than 2011. Net interest income of £7.6m in the first nine months of 2012 was in line with the same period in 2011. The company commented: "Pressure on interest margins is expected to continue into 2013". "We expect markets to remain challenging for the remainder of 2012 reflecting a weak outlook for global growth and continuing nervousness over the future of the eurozone," said Chief Executive Officer Andy Pomfret. "Despite this, we will continue to invest and grow as a leading provider of high-quality personalised discretionary investment management services in the post RDR world."
Investment firm Rathbone Brothers has acquired just under one-fifth of both Vision Independent Financial Planning and its sister company, Castle Investment Solutions. Rathbone Brothers has paid £2m in cash for a 19.9% stake in the pair. The stakes have been purchased from the founders of Vision and Castle, namely Roger Edwards and Paul Sweaton, and their spouses. Rathbone Brothers has the option to take total ownership of the two businesses in 2015 for a mixture of cash and Rathbone shares, with a further potential deferred element payable at the start of 2018. If Rathbone chooses not to exercise this option, the founders of the acquired businesses have the right to buy back the stakes they sold to Rathbones for £2m. Vision is an independent specialist financial advice network focusing on high net worth private clients. Rathbone Investment Management already has an existing discretionary fund management panel relationship with Vision. As for Castle, it operates as a sister company to Vision, providing it with certain administrative services.
Started: mulledwine, 2 Aug 2012 20:08
Last post: mulledwine, 2 Aug 2012 20:08
Rathbone Brothers Sell 02-Aug-12 £64,500.00 Richard Loader 5,000 @ 1,290.00p
Started: mulledwine, 26 Jul 2012 18:07
Last post: mulledwine, 26 Jul 2012 18:07
Richard Smeeton, the Director of Rathbone Brothers' investment management business in London and Jersey, traded in 10,000 shares on the same day the firm posted decline in profits in the first half of the year. Smeeton, who also manages a large number of client portfolios, pocketed £130,900 from the transaction, having sold the shares at 1,309.00p each. He now holds 130,653 shares in the company, equal to just under 0.3% of the issued share capital. Rathbone, which described the performance in the half year as "resilient", reported a 3.4% decline in pre-tax profit to £19.9m compared to £20.6m in 2011. Underlying profit before tax decreased 4.1% from £24.2m to £23.2m.
Started: ROBERTRVFRANCIS, 28 Feb 2012 14:15
Last post: ROBERTRVFRANCIS, 28 Feb 2012 14:15
Probably drunk all the pubs dry
Started: mulledwine, 10 Jan 2012 19:11
Last post: mulledwine, 10 Jan 2012 19:11
Outlook Rathbones is cautiously optimistic about the prospects for 2012 with the UK equity market ending 2011 on a more positive note. There is no doubt that the uncertainties over Europe persist but this is balanced by indications that the economic environment is showing small signs of improvement, particularly in the USA. Rathbones will continue investing to consolidate its position as a leading provider of high-quality, personalised discretionary investment management services. Notice of Results Rathbones will issue its preliminary statement of annual results for the year ended 31 December 2011 on Tuesday 21 February 2012. Results are anticipated to be in line with expectations.
Started: mulledwine, 10 Jan 2012 19:11
Last post: mulledwine, 10 Jan 2012 19:11
Trading Update Rathbone Brothers Plc ("Rathbones"), a leading provider of discretionary fund management and wealth management services for private investors, charities and trustees, announces that: Total funds under management as at 31 December 2011 were £15.85 billion, up 1.4% from £15.63 billion as at 31 December 2010. Funds managed by Rathbone Investment Management Limited were £14.76 billion as at 31 December 2011, up 1.2% from £14.59 billion as at 31 December 2010. This compares to a 5.6% decrease in the FTSE 100 Index and a 2.8% decrease in the FTSE APCIMS Balanced Index over the same period. The underlying annualised rate of net organic growth in funds under management in Rathbone Investment Management Limited was 5.4% in the year ended 31 December 2011 (2010: 5.3%). Acquired inflows of funds under management into Rathbone Investment Management Limited totalled £0.31 billion in the year (2010: £0.60 billion) which when added to net organic growth represents a net annual growth rate of 7.5% (2010: 10.2%). The FTSE 100 Index ended 2011 at 5572 (2010: 5900) making the average index 5663 on quarter end billing dates in 2011 (2010: 5528). Cash held in client portfolios was £0.9 billion as at 31 December 2011 (2010: £0.8 billion). Funds managed by Rathbone Unit Trust Management Limited rose to £1.09 billion as at 31 December 2011 from £1.04 billion as at 31 December 2010, an increase of 4.8%. Total net fund inflows were positive each month in 2011, totalling £35 million in the fourth quarter of 2011 and £97 million for the full year.