Coronavirus impact: 20 Oct - another strong update from this digital winner
Another day of impressive updates from several fast-growing AIM companies covered here. Despite the strong performance to date, there appears to be plenty more growth to go after.
Tatton Asset Management: great update, but whose assets are they?Tatton Asset Management (LON: TAM), the on-platform discretionary fund management (DFM) and IFA support services business, issued an encouraging trading update for the six months ending 30 September 2020. But it’s harder value this one given its business model. Group revenue increased 12.6% to £10.95m with adjusted operating profit up 21.9% to £5m, representing an extremely attractive operating margin of 45%, highlighting the efficiency of their simple platform based operating model. Assets under management (AUM) for the Tatton Investment Management (‘TIM’) business increased 17.4% to £7.8bn, which is extremely impressive in…