Share Name Share Symbol Market Type Share ISIN Share Description
Miton Group Plc LSE:MGR London Ordinary Share GB00B01WR582 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 56.10 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 36.2 8.9 4.5 12.4 100

Miton Share Discussion Threads

Showing 251 to 274 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
You would expect inflows to fall given market conditions in Q4, I'd say good achievement to keep in positive territory at all. I certainly wouldn't call market performance shocking - they are a small cap manager and most small cap funds were down by a lot more than 10% over the year - I follow the funds closely and relative performance is still very strong. If we have a decent year in equities I could easily see the funds going up 20-30%. As I expected and flagged before, the multi asset funds went into outflow - the performance of these funds is poor, but thankfully only make up small part of the AUM. The key funds that are gathering all the flows continue to perform strongly so not at all concerned here.
Inflows decreased considerably in Q4 as presumably expected. The market/investment performance for the year of negative £466m is shocking - that's nearly 10% of opening AUM + the inflows. Don't think their funds will be in the top quartiles for much longer.
Just bought a few of these, soeones else is keen to get some too willing to pay 1.5p over the ask.
What caused the big share price rise on Friday?
Xajorkith, I did exactly the same and for the same reasons. I'd rather either have cash available or park it in US stocks whilst the Brexit mess is ongoing.
Sold the last of my holding yesterday after the morning RNS. Didn't like the way they put the large director sell & reduction in AUM at the end, when combined with the move below 50p. Heavily oversold, so may well bounce after the buy back, but not for me amidst the current market uncertainty. DYOR & NAI etc....
I note their biggest fund, and the one accounting for a big chunk of inflows - UK multi cap income - has been a bit weak recently. I think it is 3rd or 4th quartile over 1 and 3 years. Still very strong over 5y and longer Now this personally wouldn't bother me if I were invested in the fund as I look at long term performance. But I know how incredibly fickle retail investors are - one average year and the money starts going out. I note also that the multi asset funds (around 20% of AUM) are looking weak - basically 4th quartile over all periods. I susepct there could be outflows here if things don't improve. For these reasons I sold out a while ago although I do like the company a lot and will try to get back in at some stage.
Rather surprised to see these back down @52p. Personally I took profits at a lower level than this; but will now watch closely for a re-entry after that very bearish Head & Shoulders formation and drop through the critical 60p support: free stock charts from
I’m reminded of history. A third off would be great in the shops. Uniquely, where stocks are concerned, this sends many investors running. It’s the market plus of course asset managers are a geared play up and down. I can’t see anything business related in the public domain. I’d like to see or hear from anyone who saw them present at Mello.
Why the large fall here folks ? A third off the price in 2 months ?
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Here is the full two day programme schedule for MelloLondon including Gervais Williams and Miton Group Http:// It is jam packed full of about 75 company presentations, lots of top quality speakers and panel sessions plus workshops to help with investment style and techniques etc. The pre event fun starts on the Sunday evening with a dinner and investor quiz hosted by John Lee but the main conference begins on Monday 26th November at 9am through to Tuesday 27th in the evening so do come and join us as there are still 97 tickets left... Http:// See you there.
Just back from the pub (needed a drink after the last few days) & surprised I missed this morning’s update. Pleased to see momentum maintained, with AuM rising to almost 5bln, and that in view of the current sell off, they are: “well-placed for an environment where returns on all asset classes may be challenged by the end of quantitative easing and rising interest rates” With the DOW down 832 though, I suspect it won’t make a lot of difference first thing tomorrow. Tin hat time!
Moved to quarterly reporting on AuM. Update due @ 9th October.
3 bagged on mine now which is nice.
Interesting share. Over on Stocko this has a momentum ranking of 100 and an overall StockRank of 93. Classified as a High Flyer (High Quality and Momentum, relatively low on value), however, bit unusual as the fwd PER of 14.5 is by no means high and I think represents very good value. AUM is increasing very fast (probably due to their funds performances - lot of top quartile stuff) and good growth looks baked in for this year and next. AuM at y/e 2017 was 3,823m. AuM at 30/6/18 was 4,539m and 4,814 at 31/8/18. If trend continues this would suggest @5,200 at y/e 2018 - for 36% growth. Even if it stops there that would give a 15% increase in average AuM in y/e 2019. Just my thoughts
Just bought a second tranche...
Strong buying today by the looks of it. And a breakout to new highs. 100p looking increasingly possible in the short term.
ST rates as a buy. "So, with Miton’s shares trading on 11 times cash-adjusted 2019 forward EPS of 5.2p, and offering a 2019 prospective dividend yield of 3.4 per cent, I am upgrading my target price from 75p to 90p. Buy." Hence the spike at 12:00.
from Citywire this morning Liberum initiates Miton coverage with a ‘buy’ Liberum has initiated coverage of fund manager Miton Group (MGRM), which it believes is undervalued. Analyst Ben Williams initiated coverage with a ‘buy’ recommendation and target price of 84p on the shares, which rose 4.5%, or 3p, to 69p yesterday. ‘Miton Group is a small fund management company with everything optimised – right people, right funds, right systems,’ he said. ‘It offers top performing, high active share funds at the right price, and as a result it is gathering assets at pace. The business now has multiple growth pillars.’ Williams predicted earnings per share growth of 24% a year up to 2020 but ‘the shares trade at a 24% discount to slower growing peers’. ‘We believe the 2019 price/earnings [ratio] of 10.5 times undervalues the company,’ he said.
I'm surprised at just how well Miton have done on the asset gathering process in the last year or two. After many years of two steps forward one step back, they seem to have well and truly got their act together. Very pleasing. They could still do with launching a few more investment trusts in my view.
Good morning! We have plenty of candidates for coverage today. Provisionally I will cover: Duke Royalty (LON:DUKE) Miton (LON:MGR) XLMedia (LON:XLM) Xpediator (LON:XPD) Kape Technologies (LON:KAPE) Miton (LON:MGR) Share price: 71p (+7%) No. of shares: 173 million Market cap: £123 million Half-Year Report This asset manager had an AuM update in July which covered some of the headline figures in today's report. We discussed it at the time - see here. It is enjoying a great bit of momentum with AuM up 35% at the end of H1, over the previous 12 months. We have clear evidence that the company is growing market share and beating the competition in its UK strategies. The UK Investment Association records aggregate net outflows, while Miton itself had good net inflows. I've mentioned before about the operational leverage of fund management companies: they build a platform with a lot of fixed costs but the potential to take on huge increases in AuM. This means super operational leverage. The only major hurdles to this are A) whether the strategies can scale up (and this is a little bit questionable in the case of Miton, which has traditionally had a lot of emphasis in small-caps), and B) the fact that fund manager pay goes up with larger funds under management. Miton acknowledges that higher pay is mostly responsible for the 17% increase in administrative expenses during this period. But despite the higher pay, we can still see the benefit of operational leverage. Miton's adjusted PBT increases by more than 50%: 5ba8cd74c4822MGR_20180924.PNG My view - I maintain my positive view of Miton and so do the Stocko computers. I consider the shares to be fairly priced but to offer plenty of upside if it continues to deliver Like any fund manager, it's geared to overall equity markets. That's the main risk: a general rout in equities, or a long-lasting bear market, could dull the enthusiasm of clients.But the same is true for any manager. 5ba8cf7308a0bMGR_20180924_SR.PNG
All in, very undervalued to Peers Should go a lot hogher from here. As always DYOR
Miton (MGR). Good H1 results today, Assets under Management +30.7%, adj PTP +51.7% and net cash up +15.4%. Here's David Barron, CEO talking through the results, and how they've achieved them. Https:// Financial highlights – 00:21 Growth drivers – 01:14 The outlook – 02:17
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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