7% dividend yield | Hostel happiness | Another AIM leaver
We are impressed with the turnaround and dramatically improved balance sheet of an online travel agent covered here; with cash building shareholders can be more confident. Elsewhere, an online bathroom retailer is doing fine, although the valuation looks quite rich to us. Read on here for our thoughts on this and other news including some highly selective comments from a podcasting group.
Brooks Macdonald: funds hold up, but it’s had enough of AIM While wealth manager Brooks Macdonald (AIM:BRK) reported its strongest quarter of gross inflows for 18 months, these were still exceeded by material outflows. Total Funds under Management (‘FUM’), excluding its international business which is in the process of being sold, were £15.7bn at 31 December 2024 and marginally higher than at the end of the prior quarter. Gross inflows in the period of £579m were offset by £730m of gross outflows with a positive contribution from investment performance marginally lifting period end FUM. Full year results to the end…