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Frenkel Topping Information
Share Price Information for Frenkel Topping (FEN)
Share Price is delayed by 15 minutes
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Share Price:
50.60
Bid:
49.20
Ask:
52.00
Change:
-0.50 (-0.98%)
Spread:
2.80 (5.691%)
Open:
51.10
High:
51.10
Low:
50.60
Prev. Close:
51.10
Last checked at -
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Don't have an account? Click here to register.Frenkel Topping hikes dividend and wins FCA investment clearance
Mon, 14th Mar 2016 10:33
(ShareCast News) - After posting solid results and lifting the total dividend by a quarter Frenkel Topping has received regulatory clearance to proceed with a transformational new investment management service. As indicated in recent trading update, the specialist independent financial adviser's revenue rose 11% to £6.3m in 2015 but adjusted pre-tax profit slipped 10% to £1.42m due to investment in regional expansion.The final dividend was increased by 29% to give a full year dividend up 25% at 0.8875p.Later in the day, the Financial Conduct Authority (FCA) granted its application to become a discretionary investment manager with full retail permissions, following the £4.4m acquisition last August of FC Fund Managers Ltd, whose Jason Granite has greatly strengthened the management team.As a result, 2016 can proceed as a year of migration, with existing clients given the opportunity to reduce their annual costs by moving to the company's new investment management service.Granite has secured strong terms with an existing third party platform and a third party discretionary fund manager - Canaccord Genuity Wealth Management - that house broker Shore Capital said will "materially enhance" Frenkel Topping's profitability."Having recruited carefully and managed the expansion of our regional representation we are extremely well placed to increase operating profitability," said chairman David Southworth."Receipt of FCA approval will enable us to put our new strategy in place and to migrate our assets to the new model and to target a larger addressable market looking for a capital-preserving investment strategy. We are extremely excited by the prospects for the business and look forward to updating the market with further developments in due course."ShoreCap forecast a continued high level of dividend growth in future years, with the hefty dividend increase showing management were confident in the growth outlook. Shares in Frenkel were up almost 4% to 55.5p by mid afternoon on Monday, having earlier probed levels not far from January's 60p all-time high.
More News
2 Jun 2014 15:18
DIRECTOR DEALINGS: Frenkel Topping Finance Director Sells Shares
LONDON (Alliance News) - Frenkel Topping Group PLC said Monday that Finance Director Julie Dean sold 269,982 shares at 40.5 pence each. Following this transaction Dean holds a 1.85% interest in the financial services company. Shares in Frenkel Topping were trading up 4.9% at 42.50 pen
Read more14 May 2014 11:37
Frenkel Topping Trading In Line With Market Expectations
LONDON (Alliance News) - Frenkel Topping Group PLC's trading since the start of the year is in line with market expectations, Chairman David Southworth told shareholders at the company's annual general meeting on Wednesday. "The board believes that due to the group's robust financial positi
Read more14 May 2014 07:29
UK MORNING BRIEFING: ITV Weighs On FTSE 100 Despite Strong Revenue
LONDON (Alliance News) - Share have opened mixed in London Wednesday, with the FTSE 100 underperforming small- and mid-cap indices, ahead of UK economic data and announcements by the Bank of England.
The blue-chip index is being weighed down by broadcaster ITV, whos
24 Mar 2014 11:06
Frenkel Topping Reports 35% Pretax Profit Increase
LONDON (Alliance News) - Personal injury and clinical negligence financial adviser Frenkel Topping Group PLC Monday reported a 35% increase in annual pretax profit and upped its full-year dividend. Frenkel Topping reported a GBP1.4 million pretax profit for 2013, compared with GBP1.0 millio
Read more24 Mar 2014 10:28
Interview: Frenkel Topping increases dividend payout by 93 per cent
The provider of financial advice on the investment of personal injury damages Frenkel Toping has reported a 15 per cent increase in its full-year revenues to 5.5m pounds. Profits before taxes grew by 35% to reach £1.39m (1.76p per share), as gross margins improved to 64% from 60% beforehand. Fun
Read more20 Jan 2014 15:57
Frenkel Topping Says Full-Year Results To Be Ahead Of Expectations
LONDON (Alliance News) - Specialist independent financial advice provider Frenkel Topping Group PLC Monday said that it expects its final results for the year ended December 31 2013 to be ahead of market expectations. The group said that its full-year results will be boosted by an "excellen
Read more11 Nov 2013 16:53
Aviva Non-Exec makes first investment
British insurance company Aviva on Monday said recently appointed Non-Executive Director Michael Mire had bought 7,500 at 439.89p each, his only holding in the group. Mire joined the company in mid-September as part of its ongoing programme to refresh the board. The company said on his appointment
Read more5 Sep 2013 16:11
LSL Chief sells four million shares ahead of role change
Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an
Read more14 Aug 2013 16:49
Four Babcock directors build stakes after exercising options
Four members of Babcock's board of directors exercised share awards in the engineering support services firm over the past few days, building their stakes following a strong rise in the share price so far this year. Babcock has performed relatively well in 2013 despite the ongoing wider market vola
Read more9 Apr 2013 07:18
Growth in investment management services drives profit rise at Frenkel Topping
Full year pre-tax profit rose 21 per cent at independent financial advisory group Frenkel Topping underpinned by strong growth in the group's investment management services. Profit before tax increased to £1.03m in the year ended December 31st from £0.85m one year earlier, while revenue jumped 5.0%
Read more16 Jul 2012 16:43
New regulations hold no fear for Frenkel Topping
Financial services firm Frenkel Topping moved close to its 52-week high after a solid set of interim figures. The company, which provides financial advice on the investment of personal injury damages and clinical negligence awards, saw revenue in the first half of 2012 rise to £2.34m from £2.22m.
Read more25 Apr 2012 09:08
Wednesday broker round-up
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
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