Equities

JTC

JE00BF4X3P53

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:26 2024-04-26 am EDT			5-day change	1st Jan Change
842 ^GBX	+0.48%		+1.57%	+3.25%

Apr. 22	JTC sights acquisition to expand US trust administration services	AN
Apr. 22	JTC to Buy First Republic Trust Company of Delaware for $21 Million	MT

JTC completes acquisition of Blackheath Capital Management

March 04, 2024 at 05:52 am EST

JTC PLC - Jersey-based professional services business - Completes acquisition of Blackheath Capital Management LLP following the receipt of all regulatory approvals. In November, the company announced its purchase of Blackheath, a London-based boutique asset manager, for an undisclosed price. JTC said that the deal would enhance its existing global alternative investment fund management solutions business in Ireland, Luxembourg and Guernsey, and allow it to "provide a full service offering to firms looking to launch, market, and manage UK alternative investment funds".

Current stock price: 800.00 pence per share, down 0.4% in London on Monday morning.

12-month change: up 11%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about JTC PLC

JTC sights acquisition to expand US trust administration services	Apr. 22	AN
JTC to Buy First Republic Trust Company of Delaware for $21 Million	Apr. 22	MT
JTC PLC agreed to acquire First Republic Trust Company of Delaware LLC (FRTC-DE) from JPMorgan Chase Bank, National Association for $21 million.	Apr. 21	CI
JPMorgan raises Taylor Wimpey, Persimmon	Apr. 12	AN
FTSE 100 treads water despite boost from miners	Apr. 09	AN
JTC profit falls but hails "exceptional year" as meets strategic goal	Apr. 09	AN
Transcript : JTC PLC, 2023 Earnings Call, Apr 09, 2024	Apr. 09
Stocks shaky ahead of US CPI data, ECB decision	Apr. 09	AN
JTC Posts Lower FY23 Profit; Revenue Up	Apr. 09	MT
HSBC sells Argentinian arm for USD550 million	Apr. 09	AN
Earnings Flash (JTC.L) JTC Reports FY23 Revenue GBP257.4M	Apr. 09	MT
Earnings Flash (JTC.L) JTC Reports FY23 EPS GBX14.07	Apr. 09	MT
JTC PLC Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024	Apr. 09	CI
JTC PLC Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 09	CI
JTC completes acquisition of Blackheath Capital Management	Mar. 04	AN
JTC Closes Blackheath Capital Management Purchase	Mar. 04	MT
JTC PLC acquired Blackheath Capital Management LLP.	Mar. 03	CI
FTSE 100 Ends Thursday Down After BOE Keeps Interest Rate Steady	Feb. 01	DJ
JTC focuses on investments as celebrates "very successful" 2023	Feb. 01	AN
Barclays cuts Next; JPMorgan raises easyJet	Feb. 01	AN
JTC FY23 Net Organic Revenue Growth Beats FY22 Results, Midterm Guidance	Feb. 01	MT
JTC to Pay Further Consideration of $31.5 Million in Sali Deal	Jan. 12	MT
JTC to pay further USD31.5 million after SALI achieves earn-out target	Jan. 12	AN
JTC proposes acquisition of boutique asset manager Blackheath Capital	Nov. 24	AN
JTC to Purchase UK Boutique Asset Manager Blackheath	Nov. 24	MT

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Company Profile

JTC PLC is a provider of fund, corporate and private client services. The Company has two divisions: institutional client services (ICS) and private client services (PCS). ICS division provides fund, corporate and banking services to institutional clients, primarily fund managers, listed companies and multinationals. PCS division provides trust, corporate and banking services for wealth management firms, family and private offices and ultra-high net worth individuals and high net worth individuals. It provides a variety of fund types and services across a range of asset classes and fund jurisdictions. It provides the lifecycle of a fund, including complex and ongoing reporting and regulatory compliance. It provides corporate services and employer solutions, including structural formation, company secretarial and compliance work. It protects assets across countries and generations, including through its JTC Private Office. It is also an independent provider of administration services.

Sector

Investment Management & Fund Operators

Calendar

2024-05-21 - Annual General Meeting

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Ratings for JTC PLC

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.42 GBP

Average target price

9.952 GBP

Spread / Average Target

+18.20%

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Annual profits - Rate of surprise

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