CAY.L Share Price (CAY)

The sector consolidation you mentioned last year happened then! Nice call :)

"All three divisions posted good revenue increases..."

"Total Funds under Management and Administration ("FuMA") increased by 5.9% over the quarter to £27.1 billion (31 March 2021: £25.6 billion). This rise compares favourably to a 4.3% increase in the MSCI PIMFA Private Investor Balanced Index..."

Commission and interest income down, BUT fee income up. Decent wee business with no debt, on a PER of 12 and paying 3.2% dividend.

Scope for conslidation in the sector. Lots of asset managers fishing in the same pool for new clients. Intense competition from international competitors and organisations with scale.

Surely this company has had its day. It hasn't moved with the times.

The old shoe factory in Luke Street may be no longer used but the company is still run by a management team lacking the skill for the modern age in my opinion.

Old school, old school boy network company that has gone nowhere for 15 years.

Takeover or bust within 5 years is my prediction.

levels...wont take much