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Tatton has made no secret it is hunting for suitable strategic acquisitions and partnerships to complement its smooth-running organic growth strategy. When year-end results (to 31 Mar 21) were announced, we highlighted that it was well positioned to put its significant ‘war chest’ - net cash of £16.9m and a £30m credit facility - to work, and that finding reasonably valued opportunities was likely. Today, Tatton has announced a deal that perfectly fits this strategy: a fund-portfolio acquisition coupled with a long-term strategic distribution partnership.
https://www.equitydevelopment.co.uk/research/acquisition-and-distribution-deal-set-to-boost-growth
nice steady uptrend aswell.
https://www.dailymail.co.uk/money/investing/article-9871743/MIDAS-SHARE-TIPS-Invest-money-INVESTORS.html
We hosted the management team at Tatton AM for an investor webinar presentation and Q&A on 16th June - they discussed their full year numbers, the potential for acquisitions given their cash pile, and the pace at which IFAs are again acquiring new clients and adopting DFM post the pandemic lull.
Watch recording here: https://www.equitydevelopment.co.uk/research/full-year-results-presentation-2
#TAM Tatton’s FY21 results highlight strong momentum in the business. Current AUM inflows have returned to pre-Covid levels and now average £100m per month, with the £9.0bn AUM milestone reached on 31 Mar (subsequently surpassed, reaching £9.5bn on 15 June). That translated to 35% AUM growth for FY21 (AUM 31 Mar 20: 6.7bn).
Tatton hasn’t gone unnoticed by investors. Its market cap has now surpassed £1/4bn, up around 70% y-o-y. However, its valuation compared to peers is still not demanding.
While it is a top-quartile performer when it comes to AUM inflows (as a % of opening AUM), its price-earnings ratio of 27* is below the peer median of 32, and far below its highest rated peers which have PE ratios well north of 40. If it continues to deliver, Tatton will surely appear on more and more investors’ radar screens going forward.
https://www.equitydevelopment.co.uk/research/flywheel-spinning-smoothly
Tatton Asset Management – Full Year Results investor presentation with Q&A will take place on Wed 16 June at 11.30am. Paul Hogarth (CEO), Paul Edwards (CFO), and Lothar Mentel (CIO) will conduct a live presentation covering their results to the FY ended 31 March, and the event is open to all existing and potential shareholders:
https://www.equitydevelopment.co.uk/news-and-events/tatton-am-full-year-results-investor-presentation-16th-june-2021
Listen to a 1min analyst synopsis and read our trading update research:
https://www.equitydevelopment.co.uk/research/racing-ahead-of-forecasts-our-fair-value-rises
I agree & so do Directors & Institutions (They hold over 65% of the share issue)
This will have a nice rise on finals
Titanium Asset Management…What A Deal?! http://wexboy.wordpress.com/2013/10/01/titanium-asset-management-what-a-deal/
ADVFN PLC 01/05/2013 14:24:45 support@advfn.com Upgrade Logout Unread Messages: 22 Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB Help Config Most Popular Sitemap Forex & Futures World Exchanges ADVFN Services Titanium Asset Management Corp 2013 1st Quarter Results Date : 01/05/2013 @ 14:22 Source : UK Regulatory (RNS & others) Stock : Titan.A.Regs (TAM) Quote : 1.15 0.0 (0.00%) @ 07:53 HOME » LSE » LSE » Titan.A.Regs share price Free Titan.A.Regs Annual Company Report Titanium Asset Management Corp 2013 1st Quarter Results Share On Facebook Print Alert TIDMTAM RNS Number : 7739D Titanium Asset Management Corp 01 May 2013 Titanium Asset Management Corp. Reports 2013 First Quarter Results Milwaukee, WI, May 1, 2013 - Titanium Asset Management Corp. (AIM - TAM) today reported results for the first quarter ended March 31, 2013. Highlights are as follows: -- Assets under management (AUM) increased 1.3% during the first quarter of 2013 to $8,966.8 million reflecting both net inflows and positive market returns. -- Average AUM of $8,910.7 million for the first quarter of 2013 were 5.4% higher relative to the average AUM of $8,452.3 million for the same period last year. Investment management fee revenues were $5,883,000 for the first quarter of 2013, an 11.9% increase from investment management fee revenues of $5,259,000 for the same period last year, primarily due to the higher average AUM levels and a higher average fee rate. -- Adjusted EBITDA(1) continued to improve during the first quarter of 2013. Adjusted EBITDA was $652,000 for the first quarter of 2013, compared to Adjusted EBITDA of $264,000 for the same period last year. The improvement primarily reflects the increased investment management fee revenues. -- Net investment income of $119,000 for the first quarter of 2013 compared to net investment income of $236,000 for the same period last year. -- Net income of $491,000, or $0.02 per diluted common share, for the first quarter of 2013 compared to a net loss of $1,932,000, or $0.09 per diluted common share, for the first quarter of 2012. (1) See the table below for a definition of Adjusted EBITDA, a non-GAAP financial measure. The table provides a description of this non-GAAP financial measure and a reconciliation to the most directly comparable GAAP measure. For further information please contact: Titanium Asset Management Corp. Robert Brooks, Chairman 312-335-8300 Titanium Asset Management Corp. Brian Gevry, Chief Executive Officer 216-771-3450 Cantor Fitzgerald Europe David Foreman / Rishi Zaveri +44 20 7894 7000 Forward-looking Stateme
This stock virtually never trades so I'm not sure anyone saw this announcement on Thursday: Titanium Asset Management Corp. (AIM - TAM) (the "Company") is pleased to announce that as of December 18, 2012, TAMCO Holdings, LLC ("TAMCO"), an entity principally owned and controlled by the senior management of the Company, including Robert Brooks and Brian Gevry who are directors of the Company, acquired all 10,585,400 shares of common stock held by Clal Finance Ltd. ("Clal") for $18,500,000. Following the purchase, TAMCO and its affiliates hold total beneficial interests in 11,920,569 shares of common stock of the Company, representing approximately 57.8% of the issued and outstanding shares. $18.5m divided by 10.6m shares is $1.75 per share. The current share price is 0.50c offered. Obviously it's illiquid and there must be questions over what happens now that management have bought control. But it all seems a bit strange doesn't it. Does anyone have any views what is going on here? I hold but am rather confused by the whole situation.
PAX
WAR WERE ARE YOU
PONS ...........................
Commenting on these results, Robert Brooks, CEO of Titanium Asset Management Corp. said: "We are pleased to report positive EBITDA for the fourth quarter of 2010 and for the full year, excluding severance costs. The improved operating performance reflects the benefits of the reorganization and integration activities undertaken throughout 2010. These changes resulted in significant reductions in our structural administrative expenses, while we continued to grow revenues." "Since the acquisition of Boyd Watterson at the end of 2008, we have reduced headcount from 97 to 82 and have reduced our annualized administrative expenses from approximately $25.1 million to $22.8 million. We believe these reductions position us to be able to achieve significant growth in profitability as we achieve revenue growth." "In the fourth quarter, we continued to achieve excellent investment performance, with 72% of our managed assets outperforming their benchmarks. In addition, several of our significant strategies are now in the upper deciles of our peer group rankings for three year investment performance. We believe these strong performance rankings should position us for strong growth over the next year." "While our investment performance remained strong, we had a challenging fourth quarter as we lost a significant managed client that decided to change to an indexing strategy, we had partial redemptions of TALF assets, and we experienced a reduction in distributed assets. We are working to overcome these challenges, and we remain optimistic that 2011 will be a much better year for new business, as we are already seeing increased opportunities."
Highlights for the year are as follows: · Average managed and distributed assets of $9,325.8 million for 2010, an increase of 6.9% over $8,726.2 million for the same period last year. · Operating revenues of $23,570,000 for 2010, a 4.9% increase over operating revenues of $22,471,000 for the same period last year. · Adjusted EBITDA(1) deficit of $592,000 for 2010 compared to an Adjusted EBITDA deficit of $2,894,000 for the same period last year. Excluding severance costs, Adjusted EBITDA was $326,000 for 2010. · Net investment income of $1,266,000 for 2010 compared to $398,000 for 2009. · Net loss of $13,602,000, or $0.66 per diluted common share, for 2010 compared to a net loss of $21,169,000, or $1.03 per diluted common share, for 2009. (1) See the accompanying table on page 10 for a definition of Adjusted EBITDA, a non-GAAP financial measure. The table provides a description of this non-GAAP financial measure and a reconciliation to the most directly comparable GAAP measure.
Highlights for the fourth quarter are as follows: · Managed and distributed assets decreased by 5.7% from $9,560.3 million to $9,019.4 million during the fourth quarter of 2010 primarily reflecting negative asset flows and market losses on fixed income strategies as interest rates increased. · Average managed and distributed assets of $9,306.8 million for the fourth quarter of 2010, an increase of 1.1% over $9,208.2 million for the same period last year. · Operating revenues of $6,506,000 for the fourth quarter of 2010, a 4.9% decrease over operating revenues of $6,840,000 for the same period last year primarily due to lower incentive fees. · Adjusted EBITDA(1) of $473,000 for the fourth quarter of 2010 compared to an Adjusted EBITDA deficit of $310,000 for the same period last year. · Net investment income of $257,000 for the fourth quarter of 2010 compared to $269,000 for the same period last year. · Net loss of $6,032,000, or $0.29 per diluted common share, for the fourth quarter of 2010 compared to a net loss of $12,235,000, or $0.60 per diluted common share, for the fourth quarter of 2009.
http://www.investegate.co.uk/Article.aspx?id=201103180700091696D