News blog
Fiske
- BY: Andrew Hore |
- POSTED: 23/08/2010 |
Aim adviser Fiske moved back into profit in the year to May 2010.
Revenues rose from £2.77m to £3.28m. Investment management fees improved from £344,000 to £534,000 helped by a full year contribution from VOR Financial Strategy. A lack of intangible write-downs and a swing from loss to profit from investments held for trading helped Fiske to move from a pre-tax loss of £139,000 to a profit of £435,000.
There was cash in the bank of £4.8m at the end of May 2010. The net tangible asset value of Fiske is £4.26m.
Fiske is paying an unchanged second interim dividend of 2p a share. The first interim was reduced from 2.5p a share to 2p a share so the total dividend for the year is down from 4.5p a share to 4p a share.
At 70.5p a share, the broker is valued at £5.95m.
Download the August edition of AIM Journal at http://www.hubinvest.com/AIMPDFAugust2010_11.pdf
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