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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 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.
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25 Jul 2022 17:49

IN BRIEF: Frenkel Topping sets up joint venture with CFG Law

Frenkel Topping Group PLC - Manchester-based professional and financial services firm focused on asset protection - Establishes 50-50 joint venture between the group's independent financial advice business and Cheadle, England-based law firm CFG Law.

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6 Jul 2022 15:02

IN BRIEF: Frenkel Topping raises GBP10 million for new acquisitions

Frenkel Topping Group PLC - Manchester-based professional and financial services firm focused on asset protection - Raises GBP10 million through the placing of 14.3 million shares at a price of 70 pence each.

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5 Jul 2022 15:27

IN BRIEF: Frenkel Topping to raise GBP10 million via placing

Frenkel Topping Group PLC - Manchester-based professional and financial services firm focused on asset protection - Intends to raise GBP10 million through share placing of up to 14.3 million shares at a price of 70 pence per share.

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15 Jun 2022 15:59

UK shareholder meetings calendar - next 7 days

Thursday 16 June 
AEX Gold IncGM re name change to Amaroq Minerals Ltd
AEX Gold IncAGM
Anexo Group PLCAGM
Anpario PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Bisichi PLCAGM
Engage XR Holdings PLCAGM
EPE Special Opportunities LtdAGM
Evraz PLCAGM
Informa PLCAGM
Kape Technologies PLCAGM
Martin Currie Global Portfolio Trust PLCAGM
Ruffer Investment Co LtdEGM re authority to issue shares
S4 Capital PLCAGM
TBC Bank Group PLCAGM
UK Commercial Property REIT LtdAGM
Friday 17 June 
Blackstone Loan Financing LtdAGM
boohoo Group PLCAGM
Directa Plus PLCAGM
Tesco PLCAGM
EnQuest PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
MetalNRG PLCAGM
Midatech Pharma PLCAGM
Silver Bullet Data Services Group PLCGM re fundraise
Venture Life Group PLCAGM
Tuesday 21 June 
1Spatial PLCAGM
Altus Strategies PLCAGM
Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
Wednesday 22 June 
ASA International Group PLCAGM
Atalaya Mining PLCAGM
Bonhill Group PLCAGM
Chapel Down Group PLCAGM
Churchill China PLCAGM
Downing Renewables & Infrastructure Trust PLCGM re share issue
Ecofin US Renewables Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
Good Energy Group PLCAGM
Honeycomb Investment Trust PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Iofina PLCAGM
John Wood Group PLCAGM
Kingfisher PLCAGM
LXi REIT PLCGM
Menhaden PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Pennant International Group PLCAGM
Plant Health Care PLCAGM
Skillcast Group PLCAGM
Team PLCAGM
Tribal Group PLCGM re final dividend
Trident Royalties PLCAGM
Vertu Motors PLCAGM
Wentworth Resources PLCAGM
  
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4 May 2022 15:06

IN BRIEF: Frenkel Topping CEO Richard Fraser sells 100,000 shares

Frenkel Topping Group PLC - Manchester-based professional and financial services firm focused on asset protection - Norma Fraser, wife of Chief Executive Officer Richard Fraser, sells 100,000 shares at 75.5 pence, worth GBP75,500, on Tuesday. Richard Fraser now is interested in 1.9 million shares, a 1.7% stake.

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25 Apr 2022 17:50

TRADING UPDATES: Audioboom in maiden annual profit; Eqtec loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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15 Feb 2022 12:49

Frenkel Topping ends year in line with expectations

(Sharecast News) - Professional and financial services company Frenkel Topping reported "excellent" progress in 2021 in a trading update on Tuesday, driven by organic growth, high levels of new business, and complementary strategic acquisitions.

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10 Jan 2022 19:34

TRADING UPDATES: Harvest Minerals sales jump; Quartix earnings to rise

TRADING UPDATES: Harvest Minerals sales jump; Quartix earnings to rise

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10 Jan 2022 13:23

Frenkel Topping acquires Cardinal Management for initial £5m payment

(Sharecast News) - Professional and financial services company Frenkel Topping announced the acquisition of Cardinal Management on Monday, for a total possible consideration of £10m in cash.

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18 Nov 2021 22:03

TRADING UPDATES: FW Thorpe "up and down"; GB Group ties up US merger

TRADING UPDATES: FW Thorpe "up and down"; GB Group ties up US merger

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12 Oct 2021 14:19

DIRECTOR DEALINGS: Nat Rothschild buys GBP250,000 in Volex shares

DIRECTOR DEALINGS: Nat Rothschild buys GBP250,000 in Volex shares

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20 Sep 2021 12:02

TRADING UPDATES: Christie Group and Open Orphan swing to profit

TRADING UPDATES: Christie Group and Open Orphan swing to profit

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20 Sep 2021 08:58

Frenkel Topping revenue, earnings surge in first half

(Sharecast News) - Personal injury and clinical negligence financial and professional services company Frenkel Topping reported a 93% improvement in its interim revenue on Monday, to £8.5m.

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13 Sep 2021 16:11

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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