Announcement • Mar 12
Quilter plc to Report First Half, 2026 Results on Aug 06, 2026 Quilter plc announced that they will report first half, 2026 results on Aug 06, 2026 Announcement • Jan 09
Quilter plc Appoints Andrew John Shirley Ross as Director Effective January 1, 2026 Quilter plc appointed Mr. Andrew John Shirley Ross as a director effective January 1, 2026. The company confirms that the person named has consented to act as a director. Service address is recorded as the company's registered office. Nationality is British, and the usual country/state of residence is the United Kingdom. Date of birth is September 1959. Announcement • Dec 19
Quilter plc to Report Fiscal Year 2025 Results on Mar 04, 2026 Quilter plc announced that they will report fiscal year 2025 results on Mar 04, 2026 Announcement • Nov 14
Quilter Announces Executive Changes Quilter is shaping its executive team for the new year with two senior appointments to the committee. Jo Harris will join the firm in January 2026 in the newly created role of chief customer officer, where she will be tasked with evolving Quilter’s proposition using technology and automation. Harris joins the firm following an 11-year career at Lloyds Bank, having stepped down from her position as CEO of the group’s mass affluent proposition in June. Before this, she was head of telephone and internet banking at Royal Bank of Scotland. Also joining the team is Margaret Ammon, who will become the new chief risk officer (CRO) in first quarter of 2026. She replaces Nick Sacre-Hardy who has been interim CRO since October 2024. Quilter confirmed he would step away from the business at the end of March. Ammon has more than 25 years’ experience in risk management and joins the team from Legal & General Asset Management, where she has been CRO for five years. She has also held senior roles at Old Mutual, Schroders, and M&G. Announcement • Sep 23
Quilter plc Announces Board and Committee Changes Quilter plc announces the following changes to its Board of Directors as part of its ongoing Board succession planning: Andrew Ross has been appointed, with effect from 1 January 2026, as an independent Non-executive Director. The following Committee changes will come into effect from 1 October 2025: Chris Hill, an existing independent Non-executive Director, has been appointed as Chair of the Board Remuneration Committee and a member of the Board Corporate Governance and Nominations Committee. Neeta Atkar, the current Board Remuneration Committee Chair, will continue to serve as a member of that Committee and as Chair of the Board Risk Committee. Alison Morris, an existing independent Non-executive Director, has been appointed as Chair of the Board Audit Committee and a member of the Board Corporate Governance and Nominations Committee. George Reid, the current Board Audit Committee Chair, will continue to serve as a member of that Committee. However, in line with Quilter's governance framework, George will step down as a member of Board Corporate Governance and Nominations Committee. Andrew Ross brings deep experience in wealth and asset management, having spent his career in the investment industry. He began his career as a private client investment manager at James Capel and progressed to senior leadership roles including Chief Executive Officer at HSBC Asset Management (Europe) Limited and Cazenove Capital Management, and Global Head of Wealth Management at Schroders. After stepping down from his executive career in 2019, Andrew has served on investment management company boards including Polar Capital Holdings PLC and four years as Chair of Witan Investment Trust PLC. 2. Andrew Ross joined the board of Witan Investment Trust PLC in 2019 and became Chair in 2020, serving in this role until its merger with Alliance Trust PLC in 2024. He is the Deputy Chair of the merged entity, Alliance Witan PLC, and he will step down from that role prior to joining the Quilter Board. Andrew is also a Non-executive Director of Polar Capital Holdings PLC and Cadogan Settled Estates Limited. 3. Chris Hill has been a member of the Board Remuneration Committee since his appointment to the Board in March 2024. As a former CEO in the wealth management sector, his extensive board-level experience and deep regulatory and industry insights enable him to provide a valuable contribution to the Board. 4. Alison Morris is a Chartered Accountant and has recent and relevant financial experience within the UK financial services sector. She has detailed and specialist knowledge of accounting and auditing practices having spent 37 years at PwC, including 25 years as a partner in their financial services audit practice. Alison also brings extensive experience of chairing audit committees in financial services companies. 5. From 1 October 2025, the membership of the Quilter Board Committees will be as follows: Board Audit CommitteeAlison Morris (Chair)Neeta AtkarChris HillGeorge Reid Board Corporate Governance and Nominations CommitteeRuth Markland (Chair)Neeta AtkarChris HillAlison Morris Board Remuneration CommitteeChris Hill (Chair)Neeta AtkarRuth MarklandAlison Morris Board Risk CommitteeNeeta Atkar (Chair)Moira KilcoyneAlison MorrisGeorge ReidChris Samuel. Announcement • Aug 08
Quilter plc Declares Interim Dividend for the First Half Ended 30 June 2025, Payable on 22 September 2025 Quilter plc announced the board has declared an Interim Dividend of 2.0 pence per share for the first half ended 30 June 2025. The 2025 Interim Dividend will be paid on Monday 22 September 2025 to shareholders on the UK and South African share registers on 29 August 2025 (the Record Date). Dividend announcement in pounds sterling with South Africa ZAR equivalent is 6 August 2025. Last day to trade cum dividend in South Africa is 26 August 2025. Shares trade ex-dividend in South Africa is 27 August 2025. Shares trade ex-dividend in the UK is 28 August 2025. For shareholders on the company’s South African share register, an Interim Dividend of 47.71146 ZAR cents per share will be paid on 22 September 2025, based on an exchange rate of 23.85573. Dividend Tax will be withheld at the rate of 20% from the amount of the gross dividend of 47.71146 ZAR cents per share paid to South African shareholders unless a shareholder qualifies for exemption. After the Dividend Tax has been withheld, the net Interim Dividend will be 38.16917 ZAR cents per share. Announcement • Apr 08
Quilter plc (LSE:QLT) acquired Medifintech Ltd. Quilter plc (LSE:QLT) acquired Medifintech Ltd on April 7, 2025.
Quilter plc (LSE:QLT) completed the acquisition of Medifintech Ltd on April 7, 2025. Announcement • Mar 06
Quilter plc, Annual General Meeting, May 22, 2025 Quilter plc, Annual General Meeting, May 22, 2025. Announcement • Mar 05
Quilter plc Recommends Final Dividend, Payable on 27 May 2025 The Quilter Board recommended a Final Dividend of 4.2 pence per share at a total cost of £57 million. Subject to shareholder approval at the 2025 Annual General Meeting, the recommended Final Dividend will be paid on 27 May 2025 to shareholders on the UK and South African share registers on 11 April 2025. Buy Or Sell Opportunity • Oct 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €1.74. The fair value is estimated to be €1.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 89% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Buy Or Sell Opportunity • Oct 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €1.55. The fair value is estimated to be €1.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 89% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Announcement • Sep 12
Quilter plc Announces Board and Committee Changes Further to the announcement made on 7 August 2024, Quilter plc confirmed that Tim Breedon has stepped down from the Quilter Board on 11 September 2024. With effect from 12 September 2024: Neeta Atkar, who has served on the Board since August 2022, has been appointed as Senior Independent Director and Chair of the Board Remuneration Committee. Alison Morris has been appointed as a member of the Board Remuneration Committee. Chris Hill has been appointed as Quilter's Workforce Engagement Director. Neeta Atkar has been a member of the Quilter Board since August 2022 and currently chairs the Board Risk Committee and serves on the Board Audit Committee and the Board Corporate Governance and Nominations Committee. She is a Non-executive Director of the British Business Bank plc, where she has been Senior Independent Director since 2019. Neeta has extensive experience serving on remuneration committees, having been a member of the Nomura Europe Holdings plc remuneration committee since 2018, where she also chairs their German subsidiary remuneration committee. Neeta's appointment as Chair of the Board Remuneration Committee is subject to regulatory approval. Alison Morris has gained experience of serving on board remuneration committees, and is currently a member of the board remuneration committee at Paragon Banking Group PLC. From 12 September 2024, the membership of the Quilter Board Committees is as follows: Board Audit Committee:- George Reid (Chair), Neeta Atkar, Chris Hill, Alison Morris. Board Remuneration Committee:- Neeta Atkar (Chair), Chris Hill, Ruth Markland, Alison Morris. Board Corporate Governance and Nominations Committee:- Ruth Markland (Chair), Neeta Atkar, George Reid. Board Risk Committee:- Neeta Atkar (Chair), Moira Kilcoyne, Alison Morris, George Reid, Chris Samuel. Buy Or Sell Opportunity • Sep 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €1.57. The fair value is estimated to be €1.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 89% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Upcoming Dividend • Aug 23
Upcoming dividend of UK£0.017 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 23 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 09
First half 2024 earnings released: EPS: UK£0.01 (vs UK£0.004 in 1H 2023) First half 2024 results: EPS: UK£0.01 (up from UK£0.004 in 1H 2023). Revenue: UK£3.39b (up 114% from 1H 2023). Net income: UK£13.0m (up 160% from 1H 2023). Profit margin: 0.4% (up from 0.3% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 90% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.2%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Aug 09
First half dividend of UK£0.017 announced Shareholders will receive a dividend of UK£0.017. Ex-date: 29th August 2024 Payment date: 23rd September 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio). However, it is well covered by cash flows (2% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 84% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Aug 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.8% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (143% payout ratio). Profit margins are more than 30% lower than last year (0.8% net profit margin). Buy Or Sell Opportunity • Aug 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €1.57. The fair value is estimated to be €1.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to decline by 77% per annum. Earnings are forecast to grow by 26% per annum over the same time period. Announcement • May 25
Quilter plc Announces Resignation of Tazim Essani, A Non-Executive Director City of London Investment Group Plc announced that Tazim Essani, a Non-Executive Director of the Company, has resigned from her position as a Non-Executive Director of Quilter plc with effect from 23 May 2024. Announcement • Apr 19
Quilter plc Appoints Alison Morris as Non-Executive Director, Effective 9 September 2024 Sabre Insurance Group plc (the Group) announced that Alison Morris, non-executive director of the Group, will be appointed as a non-executive director of Quilter plc with effect from 9 September 2024. On appointment, Alison will also join the Board Audit Committee and Board Risk Committee. Alison Morris is a chartered accountant and brings extensive recent and relevant experience of the financial services sector. She has detailed and specialist knowledge of accounting and auditing practices having been a partner in PwC's financial services audit practice from 1994 until the end of 2019. She has led external audits and internal audit projects across the financial services sector in the FTSE100 and FTSE250 and held a number of leadership roles within PwC, including being a member of the executive management team which led their audit practice. Alison holds an MA in Economics with International Studies from the University of St Andrews. 3B Alison has served as a Non-executive Director of Paragon Banking Group plc since March 2020, is Chair of the Audit Committee and serves on their Risk Committee. In August 2023 she was appointed as their Senior Independent Director. She was appointed to the Sabre Insurance Group Plc Board in May 2022, and Chairs their Audit Committee and is a member of their Risk Committee. Alison is currently a Non-executive Director of M&G Group Limited, part of the M&G plc group, and will step down from that role prior to joining the Quilter Board. She was previously a Non-executive Director and Audit Committee Chair of Vanquis Bank Limited, part of the Vanquis Banking Group plc (formerly Provident Financial Group plc). Upcoming Dividend • Apr 11
Upcoming dividend of UK£0.037 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 28 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%). New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (167% payout ratio). Large one-off items impacting financial results. Declared Dividend • Mar 08
Final dividend of UK£0.037 announced Shareholders will receive a dividend of UK£0.037. Ex-date: 18th April 2024 Payment date: 28th May 2024 Dividend yield will be 4.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (167% earnings payout ratio). However, it is well covered by cash flows (3% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 08
Quilter plc Recommends Final Dividend Payable on 28 May 2024 Quilter plc Board has agreed to recommend to shareholders the payment of a Final Dividend of 3.7 pence per share. This will be considered at the Quilter plc Annual General Meeting which will be held on 23 May 2024. Subject to shareholder approval, the Final Dividend will be paid on 28 May 2024 to shareholders on the UK and South African share registers on 19 April 2024 (the Record Date). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: UK£0.031 (vs UK£0.12 in FY 2022) Full year 2023 results: EPS: UK£0.031 (down from UK£0.12 in FY 2022). Net income: UK£42.0m (down 76% from FY 2022). Revenue is expected to decline by 83% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Quilter plc to Report First Half, 2024 Results on Aug 07, 2024 Quilter plc announced that they will report first half, 2024 results on Aug 07, 2024 Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be €1.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 52% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to decline by 74% in 2 years. Earnings is forecast to grow by 107% in the next 2 years. Announcement • Oct 18
Quilter plc to Report Q4, 2023 Results on Mar 06, 2024 Quilter plc announced that they will report Q4, 2023 results on Mar 06, 2024 Upcoming Dividend • Aug 24
Upcoming dividend of UK£0.015 per share at 6.0% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 18 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 09
First half 2023 earnings released: EPS: UK£0.004 (vs UK£0.099 in 1H 2022) First half 2023 results: EPS: UK£0.004 (down from UK£0.099 in 1H 2022). Net income: UK£5.00m (down 97% from 1H 2022). Revenue is forecast to decline by 53% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 13
Upcoming dividend of UK£0.033 per share at 5.3% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: UK£0.12 (vs UK£0.016 in FY 2021) Full year 2022 results: EPS: UK£0.12 (up from UK£0.016 in FY 2021). Net income: UK£175.0m (up UK£152.0m from FY 2021). Revenue is forecast to grow 101% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Steven Levin was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 28
Independent Interim Chairman recently bought €100k worth of stock On the 24th of November, Ruth Markland bought around 82k shares on-market at roughly €1.22 per share. This transaction increased Ruth's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ruth's only on-market trade for the last 12 months. Announcement • Nov 14
Quilter plc Announces Directorate Change Quilter plc announced that Glyn Barker, Quilter's Chair Designate, has stepped down from the Board for personal reasons. Having previously undertaken this role with a view to handing over to Mr. Barker, the Board has confirmed that Ruth Markland will Chair Quilter going forward, and Tim Breedon will be the Senior Independent Director. Announcement • Sep 14
Quilter plc Revises Interim Dividend Payment Date to 20 September 2022 Quilter plc announces that due to the additional UK bank holiday on 19 September 2022 for the State Funeral of Her Majesty Queen Elizabeth II, the Quilter plc Interim Dividend of 1.2 pence per share will now be paid to shareholders on the UK and SA registers on Tuesday 20 September 2022. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Neeta Avnash Atkar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 25
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 19 September 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Net income: (up UK£13.0m from 1H 2021). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Quilter plc Declares Interim Dividend for 2022, Payable on September 19, 2022 Quilter plc announced that the Board declared an interim dividend for 2022 of 1.2 pence per share at a total cost of £16 million. The interim dividend will be paid on 19 September 2022 to shareholders on the UK and South African share registers on 2 September 2022. For shareholders on South African share register an interim dividend of 24.14419 South African cents per share will be paid on 19 September 2021, using an exchange rate of 20.12016. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to €1.39, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 8x in the Capital Markets industry in Germany. Total returns to shareholders of 8.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.94 per share. Announcement • Jul 28
Quilter plc to Report Q2, 2022 Results on Aug 10, 2022 Quilter plc announced that they will report Q2, 2022 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 25% share price decline to €1.36, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 13x in the Capital Markets industry in Germany. Total returns to shareholders of 3.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.37 per share. Upcoming Dividend • May 16
Upcoming dividend of UK£0.20 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 06 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.9%). Announcement • May 13
Quilter plc Announces Executive Changes Quilter plc announced that Glyn Jones stepped down as Chair and as a Director of the Company at the conclusion of the AGM held on 12 May 2022. Ruth Markland, Quilter's Senior Independent Director, was appointed as Chair of the Company with effect from the conclusion of the AGM. Tim Breedon, an existing Non-executive Director of the Company, has assumed the role of Senior Independent Director for the duration of Ruth Markland's period as Chair. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.039 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 16 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Mar 10
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: UK£4.69b (flat on FY 2020). Net income: UK£23.0m (down 74% from FY 2020). Profit margin: 0.5% (down from 1.9% in FY 2020). Revenue exceeded analyst estimates by 7.0%. Over the next year, revenue is expected to shrink by 86% compared to a 5.7% decline forecast for the funds industry in Germany. Announcement • Feb 11
Quilter plc to Report Fiscal Year 2021 Results on Mar 09, 2022 Quilter plc announced that they will report fiscal year 2021 results at 7:00 AM, Coordinated Universal Time on Mar 09, 2022 Announcement • Jan 30
Quilter plc Announces Management Changes Quilter plc announced that Rosie Harris, a Non-executive Director of Quilter plc and Chair of the Board Risk Committee has informed the Board that she does not intend to stand for re-election at the 2022 AGM in May 2022 and it has therefore been mutually agreed that she will step down from the Quilter plc Board with effect from 30 April 2022. George Reid, Chair of the Quilter Board Audit Committee who has served on the Board Risk Committee since 2017, has agreed to Chair the Board Risk Committee from 1 May2022 until Rosie's permanent successor is in place. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.48, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Capital Markets industry in Germany. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.41 per share. Announcement • Dec 01
Utmost Group PLC completed the acquisition of Quilter International Limited from Quilter plc (LSE:QLT) for £480 million. Utmost Group of Companies entered into an agreement to acquire Quilter International Limited from Quilter plc (LSE:QLT) for approximately £480 million on April 1, 2021. In 2020, Quilter International generated revenue of £1.6 billion, profit before tax of £57 million and profit after tax of £56 million. Transaction is subject Quilter plc shareholder approval, customary regulatory approvals in the Isle of Man, Ireland, Hong Kong, Singapore and the Dubai International Financial Centre, and anti-trust approval from the European Commission. Board of Directors of Quilter plc unanimously approved the transaction. As of June 17, 2021, the EU approved the transaction. As of November 12, 2021, all regulatory approvals were received. Completion of the Transaction is expected later this year. An allocation from these net cash proceeds is expected to be applied as a contribution from Quilter International to Quilter’s Full Year 2021 dividend on a pro rata basis to earnings for calendar 2021. Richard Cormack, James Lucas and Warren Stables of Goldman Sachs International and Anna Franekova, James A. Kelly and Thembeka Mgoduso of JP Morgan Cazenove acted as financial advisors and Allen & Overy LLP is acting as legal adviser to Quilter plc.
Utmost Group PLC completed the acquisition of Quilter International Limited from Quilter plc (LSE:QLT) for £480 million on November 30, 2021. Quilter intends to retain £90 million of these proceeds to fund its simplification plans and to undertake selected investment to support longer-term revenue generating initiatives. Quilter is currently minded to return the remaining £350 million to shareholders. Upcoming Dividend • Aug 26
Upcoming dividend of UK£0.017 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 20 September 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 13
First half 2021 earnings released: UK£0.008 loss per share (vs UK£0.006 profit in 1H 2020) The company reported a soft first half result with weaker earnings and revenues, although control over costs improved. First half 2021 results: Revenue: UK£2.84b (down 525% from 1H 2020). Net loss: UK£13.0m (down 218% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Aug 02
High number of new directors Independent Non Executive Director Chris Samuel was the last director to join the board, commencing their role in 2021. Board Change • Jul 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Chris Samuel was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 24
CFO & Director recently sold €510k worth of stock On the 20th of April, Mark Satchel sold around 268k shares on-market at roughly €1.90 per share. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Upcoming Dividend • Apr 01
Upcoming dividend of UK£0.036 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 17 May 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.7%). Is New 90 Day High Low • Mar 12
New 90-day high: €1.88 The company is up 16% from its price of €1.62 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.27 per share. Announcement • Mar 12
Quilter plc Announces Appointment of Tazim Essani as an Independent Non-Executive Director and Member of the Board Remuneration Committee Quilter plc announced that Tazim Essani has been appointed as an independent Non-executive Director of the Company and member of the Board Remuneration Committee with effect from 9 March 2021. Tazim is currently a Non-executive Director of City of London Investment Group plc. Her executive career has focused on strategy and business development to drive growth and transformation. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS UK£0.051 (vs UK£0.011 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: UK£4.71b (down 40% from FY 2019). Net income: UK£89.0m (up UK£110.0m from FY 2019). Profit margin: 1.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Announcement • Mar 10
Quilter plc, Annual General Meeting, May 13, 2021 Quilter plc, Annual General Meeting, May 13, 2021. Is New 90 Day High Low • Feb 06
New 90-day high: €1.81 The company is up 30% from its price of €1.39 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.11 per share. Announcement • Jan 27
Quilter plc to Report Fiscal Year 2020 Results on Mar 10, 2021 Quilter plc announced that they will report fiscal year 2020 results on Mar 10, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: €1.77 The company is up 22% from its price of €1.45 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.11 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €1.67 The company is up 14% from its price of €1.47 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.11 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €1.60 The company is up 1.0% from its price of €1.58 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.071 per share. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 16% share price gain to UK£1.58, the stock is trading at a trailing P/E ratio of 46x, up from the previous P/E ratio of 39.7x. This compares to an average P/E of 15x in the Capital Markets industry in Germany. Total returns to shareholders over the past year are 2.5%. Is New 90 Day High Low • Oct 31
New 90-day low: €1.30 The company is down 18% from its price of €1.60 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.066 per share. Announcement • Jul 17
Quilter plc to Report First Half, 2020 Results on Aug 11, 2020 Quilter plc announced that they will report first half, 2020 results on Aug 11, 2020