Edison Investment Research - Rathbone Brothers PLC (RAT) QuickView: Interim results: looking forward

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Edison Investment Research

QuickView: Interim results: looking forward

Due to significant acquisition activity in 2014, H115 saw significant year-on-year growth in funds under management (18.4%), revenues (19.1%) and underlying PBT (27.0%). H115 inorganic and organic growth has slowed, the latter reflecting market volatility, uncertainty over the UK election and a concentration on bedding-in acquired business. However, margins have remained strong (although may be affected in H2 by ongoing strategic investments). Managementâ€™s outlook is cautiously optimistic; greater focus on organic growth will come in H2 and Â£20m debt raised will allow further inorganic growth. The interim dividend was raised to 21p.

30/07/2015 1 EN

Underlying

Rathbone Brothers PLC

Rathbone Brothers, through its subsidiaries, is a provider of personalized investment and wealth management services for private clients, charities and trustees. Co.'s services include discretionary investment management, unit trusts, banking and loan services, financial planning, unitised portfolio services and U.K. trust, legal, estate and tax advice. Co.'s investment management services provides personal discretionary investment management solutions to private clients with investible assets of £100,000 upwards. Co.'s unit trusts services provides a range of actively managed and multi asset unit trusts that are designed to meet core investment needs in the retail client market.

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GB0002148343 London Stock Exchange United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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QuickView: Interim results: looking forward

Form 8.3 - UK Commercial Property REIT

Form 8.3 - Tritax Big Box Reit Plc

Form 8.3 - Mattioli Woods

Headlam Group - Strategy for growth in tougher market

ABC arbitrage - Termination of coverage

HydrogenOne Capital Growth - Hydrogen options maturing

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