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Frenkel Topping Information
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
Last checked at -
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Don't have an account? Click here to register.Interview: Frenkel Topping increases dividend payout by 93 per cent
Mon, 24th Mar 2014 10:28
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. Funds deposited by clients with their Investment Management Service rose to £558m while recurring income hit £3.8m, versus the £3.2m achieved in 2012.Cashflow from operations nearly tripled to £1.7m. Profit from operations before share based compensation and provisions increased 30% to £1.437m, as operating margins improved to 26% (Shore Capital forecast: 23%) from 23% in the year before. The company´s cash balance at the end of 2013 came in at £1.5m, ahead of the £0.4m that was on hand at the end of 2012. David Southworth, Chairman of Frenkel Topping, highlighted the fact that the company achieved a fifth consecutive year of client retention at 99% and his confidence in the future, as reflected in the group´s continued progressive dividend policy. The dividend has been increased by 93% to 0.58p, as a result of which the 'dividend cover' has been reduced to 3.1 times net profits, compared to the 4.7 seen in 2012. High-quality earnings, broker saysShares are now trading hands at approximately 22.7 times´ Shore Capital´s earnings estimates for 2014, falling to 19.1 times 2015 profits. While the broker conceded that the valuation may appear to be high when compared to rivals´ it adds that "however, the quality of the earnings stream, and its transparency, makes it a price worth paying, in our view."Shore Capital has raised its forecast for the company´s dividends per share this year to 0.7p from 0.44p previously. In remarks to Sharecast management highlighted the fact that the balance sheet is debt-free and the firm´s ability to generate cash in a sustained manner going forward. Shore Capital is expecting net cash to rise to 3.66m by the end of calendar year 2015 on revenues of 6.364m.Stock in the AIM-listed company was off by 12% to 44p in mid-afternoon trading but well above the closing 2013 level of 31p.AB
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 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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