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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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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
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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

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Tuesday 21 June 
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Wednesday 22 June 
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EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
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ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Iofina PLCAGM
John Wood Group PLCAGM
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Menhaden PLCAGM
North Atlantic Smaller Cos Investment Trust 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

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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

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20 Sep 2021 12:02

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

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