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Pin to quick picksFrenkel Topping Share News (FEN)

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Share Price: 51.10
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Growth in investment management services drives profit rise at Frenkel Topping

Tue, 09th Apr 2013 07:18

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% to £4.78m from £4.57m a year earlier.Profit from operations before share-based compensation and provisions rose 25% to 1.11m and net asset value, before non-controlling interests, increased to £6.08m from £5.68m in 2011.The group said that its strategy of driving organic growth and ensuring maximum client retention had resulted in the total funds in investment management services (FIMS) increasing by 16% to £483m from £416m in 2011. The group also implemented a new technology platform and administration software solution to provide clients with increased access to fund management products that it said would not otherwise have been available to them. Basic earnings per ordinary share contracted slightly to 1.09p from 1.11p a year earlier and basic diluted earnings per ordinary share were unchanged from a year ago at 1.05p.The group said it would be recommending an increased dividend payment of £188,875, almost twice the value in 2011 - which was £100,000-, representing 0.3p per share. This compared to 0.176p per share in 2011 for the period, which was covered 3.6 times by earnings. The proposed dividend is subject to shareholder approval at an AGM scheduled for May 29th and the group said, if approved, it would be paid on June 7th to shareholders on the register at close of business on April 19th. David Southworth, Chairman of Frenkel Topping, commented: "The group's strategy for further growth remains to focus on driving organic growth and client retention. The board is confident about the future for Frenkel Topping, and this confidence is reflected in the increased dividend for the period." MF
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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 
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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 
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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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TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

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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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Frenkel Topping acquires Cardinal Management for initial £5m payment

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Frenkel Topping revenue, earnings surge in first half

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13 Sep 2021 16:11

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