reports
- Robin Savage
Tatton Asset Management (TAM LN) - Focus on five points of detail - Co...
Following our upgraded forecasts for March 2026 and 2027, we highlight five key themes and set a November 2026 valuation of 877p. This implies 26%+ potential capital upside and a dividend yield of over 3% — twice the yield on the 12p interim dividend. Tatton goes ex-dividend on 27 November.
- Paul Bryant
Tatton AM delivers again: profit +20%, div +26%, strong outlook
After its Oct 25 trading update, we knew Tatton had maintained its exceptional growth momentum; Assets-Under-Management/ Influence (AUI) were up 18% over H1-26, and net flows remained strong at £281m/ month, above Tatton’s guidance for FY26 of £200-£250m/ month. In the post-results period, AUI growth has continued, up another 5% to £27.1bn on 14 Nov 25. YTD net flows have increased from £1.68bn over H1 to £2.07bn. With more recent peer data becoming available, we now also know H1 growth and flo...
- Robin Savage
Tatton Asset Management (TAM LN) - Upgrade on interims - Corporate
Tatton’s interims confirm it generated £1,684m net inflows in H1 FY(Mar)26E (i.e. £281m a month) and benefited from £2,058m market and investment performance. The interims reveal continued strong investment performance and inflows, increased profitability and a 26% increase in interim dividend.
- Robin Savage
Tatton Asset Management (TAM LN) - Upgrade ahead of interims - Corpora...
Tatton generated £1,684m net inflows in H1 FY(Mar)26E (i.e. £281m a month) and benefited from £2,058m market and investment performance. Updating Zeus forecasts, and assuming no further market appreciation or inflows to Evolved MPS, we raise our current year forecast revenue, profit and EPS 4% and following years by 8%. With higher revenue and prospective revenue growth, we set a 878p target price (22% upside to last night’s closing price of 720p).
- Paul Bryant
Exceptional momentum, AUM +18% over H1-26
Tatton AM’s momentum shows no sign of abating. Assets Under Management/Influence (AUI) jumped 18% in H1 to a record £25.8bn; ahead of our forecast growth and well on track to meet Tatton’s medium-term target of £30bn by end-FY29 (page 3). Net flows were again very strong, adding £1.7bn to AUM (£281m/ month), with the net inflow rate far higher than peers (page 2) and above Tatton’s guidance for FY26 (£200-£250m/ month). Investment returns added £2.1bn (+9.9% over 6 months). Assuming flat market...
- Paul Bryant
Strong growth drives profit +24%, dividend +19%
FY25 (to 31 Mar 25) was an exceptionally strong year which exceeded our previous forecasts. Revenue grew 23% to £45.3m (previous forecast £44.3m), adjusted operating profit 24% to £22.9m (£22.1m) and PBT 29% to £21.6m (£21.3m). Net cash was £32.1m at year-end with no debt. A final dividend of 9.5p is proposed. Full year dividend is 19.0p (yield 3.2%), +19% YOY. Underpinning performance was sector-leading AUM growth, up 26% to £20.9bn (FY24: £16.6bn). This was in turn mostly a result of record o...
- Robin Savage
Tatton Asset Management (TAM LN) - Full year results beat expectations...
Tatton’s full year results beat our revenue and operating cashflow forecasts. Net inflows continued being strong with £0.6bn in the first 10 weeks of the current year. Using cautious assumptions and guidance, we nudge up our revenue and profit forecasts.
- Paul Bryant
Record inflows (again), so impressive given markets
This time last year, we wrote: “our key takeaway from Tatton’s hugely impressive last few years, is that it has designed and implemented a superior offering in platform-MPS with net flows consistently far higher than peers.” That view has only been reinforced with Tatton’s most recent trading update covering FY25 (Apr 24 – Mar 25). It recorded another year of record net inflows, as it did in FY24 (£3.7bn in FY25; £2.3bn in FY24) – a hugely impressive achievement given market weakness and investo...
- Robin Savage
Tatton Asset Management (TAM LN) - Net inflows rise to £307m/month - C...
Tatton’s Assets under Management and Influence “AUM/I” beat Zeus forecast, as “record net inflows of £3.7bn increase AUM/I, up 24% to £21.8bn”. In H2, average net inflows/month were £309m: 1% higher than H1; 33% higher than H2 last year). With higher average AUM and a resilient performance from its IFA support services business, the Board is confident results will be in line with market expectations.
- Robin Savage
Tatton Asset Management (TAM LN) - Assets under Management focus - Cor...
Tatton is growing, even in volatile markets. In the three months to the end of January 2025, Tatton’s core portfolios outperformed their ARC peers (page 4). This note provides a guide to movements in Tatton’s Assets under Management “AuM”. Tatton’s AuM update is expected in mid-April (e.g. 16 April 2024).
- Paul Bryant
H1 revenue +24%, profit +23%, forecasts upgraded
AUM jumped 14% over H1-25 (to 30 Sep 24) from £16.6bn to £18.9bn. Net inflows added £1,832m (22% p.a. inflow rate, far higher than all peers, see page 4), and investment returns £534m (3.2% over 6m). Including 50%-owned 8AM Global, Assets-Under-Management/Influence totalled £19.9bn. In the six weeks post-results, AUM/AUI increased another 4% to £20.6bn in early-Nov. This is an exceptionally strong start to the next leg of Tatton’s growth journey. In June ‘24 it set a target of reaching £30bn AU...
- Robin Savage
Tatton Asset Management (TAM LN) - Net inflows drive upgrades - Corpor...
Tatton’s interim results confirm the beneficial impacts of its record net inflows (£305m per month), which have driven up Assets under Management (AUM), revenue, profits and cash. The Board has increased the interim DPS by 18.8% to 9.5p. We now raise our forecast AUM, revenue, profit, cashflow, EPS and DPS for both the year to March 2025 and 2026.
- Paul Bryant
Bumper H1-25, AUM up 14% driven by inflows
Tatton has recorded an exceptionally strong start to the next leg of its growth journey: in June ’24 it set a target of reaching £30bn of Assets-Under-Management or Influence (AUI) by end-FY29, an 11% CAGR. But H1-25 (to 30 Sep 24) saw AUM jump 14% in just six months from £16.6bn to £18.9bn. Net inflows contributed £1,832m (22% p.a. inflow rate), and investment returns £534m (3.2% over 6m), in line with the MSCI PIMFA Private Investors Balanced Index. Including the AUM of 50%-owned 8AM Global, A...
- Robin Savage
Tatton Asset Management (TAM LN)
For the past six months, net inflows to Tatton Asset Management have averaged £305m per month (up 59% yoy); total net inflows were £1,832m being 11% of opening AUM (i.e. 22.1% annualised). Tatton’s trading update also revealed the number of IFA firms on Tatton grew 6.5% to 1,038 and Paradigm, the group’s IFA support services business “delivered a resilient performance”. We will update our forecasts, once interim results have been published (13 November).
Hybridan Small Cap Feast - 18 June 2024
18th June 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Advanced Oxygen Therapy Inc (AOTI.L) The medical technology group with a proprietary therapy for the reduction in hospitalisations and amputations caused by non-healing wounds, particularly diabetic foot ulcers, announces its first day of trading on th...
- Paul Bryant
FY24 forecasts exceeded, very strong start to FY25
It has been a huge few years for Tatton. The three-year growth target of moving from £9bn AUM on 31 Mar 21 to £15bn Assets Under Influence (AUI) by 31 Mar 24 was comfortably exceeded, with AUI closing 17% above target at £17.6bn – a 96% gain over three years. Yet FY24 was without doubt the most impressive. AUM jumped +30% over the year purely from organic growth, with net flows of +£2.3bn (record net inflows for Tatton and a net flow rate far higher than all peers - page 4), and a tailwind from...
- Robin Savage
- Paul Bryant
AUM up 30% in FY24, record flows, forecasts raised
AUM jumped £3.8bn or +30% in FY24, reaching £16.6bn on 31 Mar 24, 12% above our previous forecast of £14.7bn. Including 50%-owned 8AM Global, Assets Under Influence hit £17.6bn. Investment performance provided a tailwind, adding £1.5bn to AUM. But our key takeaway from Tatton’s hugely impressive last few years, is that it has designed and implemented a superior offering in platform-MPS with net flows consistently far higher than peers. That leadership looks even more pronounced in H2-24 with net...
- Robin Savage
Tatton Asset Management: 1 director
A director at Tatton Asset Management sold 200,000 shares at 561p and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.