| Date | Subject |
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14/11/2019
17:19 | kp47: 28th Nov I believe. No ex date as per a normal dividend. As I understand it, you have to still be holding your new shares with PAM on 28th.
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14/11/2019
15:29 | undervaluedassets: Agree...everything just being quietly processed in the background... anyone know when the special divi gets paid to Miton shareholders?
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27/9/2019
16:11 | undervaluedassets: Diviin, concur re Polar cap trust.
It is a slightly odd market currently.
There is tremendous value in some sectors and none (ie hugely overpriced) in others.
MGR been super cheap for a while. PAM getting the best of the merger in my view. (although looks like a good deal all round really)
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27/9/2019
07:44 | diviincomesearch: Just another point. I do find it weird how quiet boards are for profitable stocks like this. Yet, go to complete punts like some junior oil and mineral exploration companies and there’s stacks of punters analysing them.
I went to have a look at the polar capital board (similar to MGR- loads of cash, good performing funds, single digit P/E) absolutely nothing in the last 3 months! Could be my next buy depending on how the funds are looking.
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24/9/2019
22:43 | diviincomesearch: For me it’s an interesting arbitrage play- however, i’m Out. Can’t get too greedy after a 38% gain in less than 3 weeks!
Premier a bit more expensively valued although diversified. Good bit of business for them as MGR looked a screaming bargain at the pre-merger price.
Good luck all holders.
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24/9/2019
12:52 | undervaluedassets: provided the deal goes through there is a 12% gain (inc the special 4.9p divi)baked in here. And holders will see that return by November .
That is around 50% annualised.
That seems a nice return to me
If the deal does not go through (it will go through as both parties want it). well really very decent results from Miton yesterday should provide a back stop.
Nice risk return if you ask me
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04/9/2019
07:28 | skyship: So, should have added after all. Still, a very nice little bonus this morning. Incidentally, the share price suggests a very well kept secret:
=====================================================
The Boards of Premier Asset Management Group PLC ("Premier") and Miton Group plc ("Miton") are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Premier and Miton, to be effected by means of a court-sanctioned scheme of arrangement between Miton and the Miton Shareholders under Part 26 of the Companies Act 2006 (the "Merger").
Under the terms of the Merger, holders of Miton Shares will be entitled to receive:
0.30186 Premier Shares in exchange for each Miton Share
Based on this exchange ratio (the "Exchange Ratio") and the Closing Price of 171.75 pence per Premier Share on 3 September 2019 (being the Latest Practicable Date), the Merger values each Miton Share at 56.74 pence, comprising an equity value of 51.84 pence and a special dividend of 4.9 pence per Miton Share.
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14/8/2019
13:52 | dmdmdmdm1: Looking forward to this picking up again at some point soon. Are people selling on some sort of news - usually coincides with MGR updating its holdings?
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18/3/2019
12:45 | podgyted: Simon Thompson
"Since the financial year-end, Miton’s AUM has risen by 4.3 per cent to £4.56bn, albeit net flows are neutral so this is a reflection of the market performance. Bearing this in mind, I am maintaining the investment thesis that I outlined in my January article, so I anticipate a further unwinding of the risk factors that have been subduing equity valuations since the autumn and the ongoing recovery in global stock markets to continue. That possibility is certainly not in the price given that Miton’s shares trade on a modest cash-adjusted PE ratio of 9 for the year just ended, and offer a 4.2 prospective dividend yield based on the payout being raised by a fifth to 2.4p a share this year. Buy."
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18/3/2019
11:49 | tomps2: MGR results overview by CEO, David Barron.
Https://www.piworld.co.uk/2019/03/18/miton-group-mgr-2018-full-year-results/
Great set of results.
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PLUS1
