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…
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