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Pin to quick picksFrenkel Topping Share News (FEN)

Share Price Information for Frenkel Topping (FEN)

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Share Price: 51.10
Bid: 49.20
Ask: 53.00
Change: 0.00 (0.00%)
Spread: 3.80 (7.724%)
Open: 51.10
High: 51.10
Low: 51.10
Prev. Close: 51.10
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Frenkel Topping confirms 2017 targets

Tue, 16th Aug 2016 16:41

(ShareCast News) - Frenkel Topping saw assets under management increase despite the uncertainty surrounding Brexit as it continued to focus on migrating some of its clients to its new proprietary fund management platform.The specialist independent financial advisor and asset manager reported a 3.1% rise in assets under management as at 30 June to hit £687m.Progress on moving some of its clients, where appropriate, to its new proprietary fund management platform, continued.With the migration having started to gather pace, management said it was still intent on hitting its target of reaching AuM of £350m by the end of the 2016.Management said it was on track to meet its previously provided target of doubling its operating profits between 2015 and 2017 to over £3m.Notwithstanding these additional costs in excess last year, we expectOperating profit for 2016 would be marginally ahead of the equivalent 2015 period of £1.5m, the company said in a statement, despite increased staffing linked to the migration process.In parallel, the existing Director Incentive Scheme was cancelled and replaced by share option grants tied to performance targets."This revised scheme will ensure that any increase in value of the Company, especially when accompanied with an Exit Event, will result in greater value for shareholders than if the Growth Share Scheme remained in effect," Frenkel said.Those Directors receiving share options agreed to forego their salaries for the second half of 2016, as the company transitioned to a full-service advisory and investment management firm so as to demonstrate their commitment to its long-term future."The overall impact on shareholder value is positive today and significantly beneficial if the company achieves its growth plan over the coming months and years," analyst Duncan Hall at FinnCap said in a research note sent to clients.Lastly, Mark Richards, ex-Barclays International CFO and Barclays Group strategy director, was appointed as a new non-executive director, and Mark Holt as commercial director.Shares of Frenkel Topping ended the session 1.09% higher at 46.50p.
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10 Oct 2019 12:05

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3 Sep 2019 10:42

Frenkel Topping Assets And Interim Profit Rise in "Excellent" Half

(Alliance News) - Frenkel Topping Group PLC said Tuesday its assets under management rose following an influx in new mandates as the company's interim profit doubled on a sharp rise in new 30,

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3 Sep 2019 08:09

Frenkel Topping profits soar following period of 'significant progress'

(Sharecast News) - Financial advisor and asset manager Frenkel Topping saw its revenues and profits grow year-on-year following a half of "significant progress".

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23 May 2019 16:04

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10 Apr 2019 12:26

Frenkel Topping Reports Decrease In Revenue And Profit In 2018

LONDON (Alliance News) - Frenkel Topping Group PLC on Wednesday said its profit fell sharply in 2018 on lower revenue and increased investment costs.The financial advisor reported pretax of

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10 Apr 2019 10:46

Frenkel Topping well placed after revenue and AUM growth

(Sharecast News) - Frenkel Topping on Wednesday reported that full-year revenues expanded on the back of new business, while assets under management also increased.

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2 Apr 2019 16:06

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5 Sep 2018 11:36

Frenkel Topping Interim Profit Slides On Trainee Consultant Investment

LONDON (Alliance News) - Frenkel Topping Group PLC said Wednesday its interim profit dropped due to investment in trainee consultants and marketing costs.For the six months to June 30, the

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5 Sep 2018 09:19

Frenkel Topping 'confident' despite stuttering growth

(Sharecast News) - Financial adviser and asset manager Frenkel Topping saw its shares dip on Wednesday as its first-half profit before tax fell following the recruitment of additional trainees and graduates.

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19 Jun 2018 12:24

Frenkel Topping Appoints Former Panmure Gordon CEO To Board

LONDON (Alliance News) - Financial advisor Frenkel Topping Group PLC said Tuesday it has appointed the former chief executive officer of Panmure Gordon to its board as a non-executive Linacre Mark

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23 May 2018 16:13

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28 Sep 2016 09:00

Frenkel Topping purchases new head office in Manchester

(ShareCast News) - Frenkel Topping Group, an AIM listed financial advisor and asset manager focused on vulnerable clients, has completed the purchase of its head office building for £0.85m. The 9700 square foot building at Two Quays in Salford Manchester will be the firm's new home for its head offi

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26 Aug 2016 17:48

Directors dealings: Hikma's Said Darwazah buys £4.32m of shares

(ShareCast News) - Hikma Pharmaceuticals chairman and chief executive Said Darwazah has splashed on £4.32m worth of the firm's shares, just a day after they dived on comments from US presidential hopeful Hillary Clinton. Darwazah, whose father founded the company, paid 2160p a share, snaffling 200,0

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23 Aug 2016 07:30

City Of London Group Says Director Granite Steps Down

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