Rensburg Sheppards
Rensburg Sheppards was formed in 2005 by the merger of two leading private client asset manager/stockbrokers; it is now the second largest in the UK with over £14bn of Funds under Management.
Adept performance
Second largest independent private client asset manager / stockbroker
Strong defensive performance at interim stage despite market conditions then
Shares well underpinned by 4% yield
Publication Date:
November 23 2009
Update
Second largest independent asset manager / stockbroker
Remains profitable in bear market
Trading at only 2.2% AUM, fair value for shares seen a quarter above current levels
Publication Date:
September 7 2009
Deserving of a higher rating
Rensburg Sheppards’ 2008-9 results appear under IFRS to be unbelievably good: the management have taken pains to show that, excluding IFRS distortions they are merely very, but believably, good.
Publication Date:
June 17 2009
Rensburg gives market a pleasant surprise
Earnings rise despite market fall
Continued organic growth of FUM
Strong cash position
High yield and well-covered dividend
Publication Date:
November 21 2008
Resilient performance in difficult times
Benefits of merger already transparent in higher margins
Current year forecasts place stock on 8x PER, with solid yield of 5.5%
This leaves shares looking cheap versus sector and with £7 looking fairer value
Publication Date:
September 4 2008