News blog

Fiske

• BY: Andrew Hore |
• POSTED: 15/08/2013 |

Broker Fiske, which is 40 years old, says that trading is tough because of a lack of improvement in trading volumes. 

In the year to May 2013, revenues improved from £2.97m to £3.05m and profit on trading investments improved from £24,000 to £82,000. Costs were held down and the board’s remuneration has been reduced from £602,000 to £573,000. Pre-tax profit improved from £86,000 to £232,000.

There was £2.73m in the bank at the end of May 2013, including £558,000 received in the course of trade settlements.

The second interim dividend has been reduced from 1p a share to 0.25p a share, taking the total for the year to 0.5p a share, against 3p a share the previous year.

Fiske compliance director Gerard Luchini has acquired 39,000 shares at 58p a share, giving him a 0.46% stake. Finance director Amanda Andrews bought 15,000 shares at the same price giving her a stake of 0.21%. Andrews did not previously hold any shares.

At 59.5p a share, Fiske is valued at £5.03m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf