JTC (JTC)

Sector:

Financials

Index:

FTSE 250

841.00p
   
  • Change Today:
    -9.00p
  • 52 Week High: 1,134.00p
  • 52 Week Low: 769.00p
  • Currency: UK Pounds
  • Shares Issued: 170.30m
  • Volume: 214,629
  • Market Cap: £1,432.25m
  • RiskGrade: 117
  • Beta: 0.02

JTC on track after record new business wins in first half

By Benjamin Chiou

Date: Thursday 25 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Fund and corporate administration services firm JTC hailed record new business wins in the first half as it made a positive start to its so-called "Cosmos era" business plan.
In its first year of its Cosmos strategy to double revenue and underlying EBITDA by 2027, JTC said net organic revenues were ahead of its guidance for 10%+ growth, with new business wins rising 28.8% to £18.8m.

Underlying EBITDA margin was within the 33-38% guidance range while and leverage was within the 1.5x - 2.0x underlying EBITDA forecast, the company said in a statement.

Meanwhile, cash conversion was strong, in line with historic trends, and the company expects to achieve its guidance range of 85% to 90% for the full year.

JTC said it expects to deliver full-year results in line with company-compiled consensus, with revenues projected to rise to £313m from £257.4m in 2023 and underlying EBITDA forecast to increase to £106.1m from £85.9m.

Shares were down 2% at 1,026p by 1149 BST, pulling back following a 30% jump so far this year.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JTC Market Data

Currency UK Pounds
Share Price 841.00p
Change Today -9.00p
% Change -1.06 %
52 Week High 1,134.00p
52 Week Low 769.00p
Volume 214,629
Shares Issued 170.30m
Market Cap £1,432.25m
Beta 0.02
RiskGrade 117

JTC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
94% below the sector average94% below the sector average94% below the sector average94% below the sector average94% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
15.09% below the sector average15.09% below the sector average15.09% below the sector average15.09% below the sector average15.09% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
82.76% below the sector average82.76% below the sector average82.76% below the sector average82.76% below the sector average82.76% below the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
36.96% above the sector average36.96% above the sector average36.96% above the sector average36.96% above the sector average36.96% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 0
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JTC Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-25 26-Sep-24
Paid 27-Jun-25 25-Oct-24
Amount 8.24p 4.30p

Trades for 28-May-2025

Time Volume / Share Price
16:59 1,556 @ 841.00p
16:59 1,556 @ 841.00p
16:40 1,556 @ 841.00p
16:40 1,556 @ 841.00p
16:35 65,054 @ 841.00p

JTC Key Personnel

CEO Nigel Le Quesne
CFO Martin Fotheringham

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