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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 201 to 225 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
28/3/2018
07:52
Cheers robow, thanks for that.
cwa1
28/3/2018
07:49
from Citywire Miton’s low valuation ‘unjustifiable’, says Peel Hunt There is a ‘valuation opportunity’ at investment manager Miton Group (MGR), which is set to deliver growth, says Peel Hunt. Analyst Stuart Duncan retained his ‘buy’ recommendation and target price of 60p on the stock after final results that showed it is in an ‘attractive position’ and has the ‘ability to deliver further growth in coming years’. The shares were trading at 43p yesterday. ‘There is a clear valuation opportunity just now with Miton,’ he said. ‘There is a good stream of earnings upgrades and the announced step change in the dividend means the stock is now yielding 4% based on December 2018 forecasts.’ He said the stock was trading at an enterprise value/earnings ratio of 8.6x, against a sector average of 12.6x. ‘We continue to believe this is completely unjustified,’ said Duncan.
robow
21/3/2018
13:42
Simon Thompson revisits in an IC Online article today. Won't post the whole shortish article as a subscription site; but this is the summary: ======================================================== Stuart Duncan (Peel Hunt) has just raised his 2018 pre-tax profit estimate from £7.3m to £7.7m to produce EPS of 3.8p, up from 3.4p in 2017, and predicts a 20 per cent hike in the payout to 1.7p a share. On this basis, Miton’s shares are priced on a forward PE ratio of eight net of cash on the balance sheet, and offer a prospective dividend yield of 4 per cent. That represents value in my book and I am raising my target price from 50p to 55p. Buy.
skyship
20/3/2018
16:50
Hi Sky, thanks for clarifying. Reading the annual report - The final tranche of Growth Shares will be eligible to exchange into plc shares in September 2018, thereafter all fund manager remuneration will will be recognised via profit and loss rather than through share dilution. Could this be potentially be lucrative to shareholders in your opinion? If they are having to spend £6M to counter-act the share dilution - or would it simply just replacing that expense with higher bonus payments?
jimmywilson612
20/3/2018
15:15
Hi again JW: Buybacks are by and large conducted for 3 reasons: # To raise underlying NAV - as per propcos & trusts # To raise underlying EPS - as per most "conventional" trading cos # To provide liquidity and remove a stock overhang - as per the MGR buyback to remove stock resulting from the Growth Share Plan In our case the buyback stock was bought @ 39.6p, this being a premium to the underlying NAV, accordingly the deal slightly reduced the remaining NAV - by c2%, ie 0.62p The effect on the EPS was to raise the figure by 0.084p - pretty negligible So not much statistical difference for shareholders; but the benefit of both removing the overhang and reducing the number of shares sharing in the future growth. E&OE
skyship
20/3/2018
13:37
Hi Sky, don't say regret - I like being proven wrong - means I'll actually learn something! Look forward to your reply.
jimmywilson612
20/3/2018
09:42
This looks in great shape. Tempting to add more at what are pretty low levels. The Ex-dividend date is only a couple of weeks away too.
bignads
19/3/2018
20:18
Nice increase in the dividend. I'm happy to hold as I think they are a better than average manager. Not 1st quartile, but definitely 2nd quartile.
topvest
19/3/2018
20:17
Yes, Miton doing well. They seem to be in a nice spell of putting one foot in front of another rather than the usual 2 feet forward and 1 back. No mess-up's for a year or so. That being said if you can't make good money at this point in the cycle you are doing something wrong!
topvest
19/3/2018
19:14
On a day of carnage in the market nice to see MGR post a 9% gain the day they post their Final results. Way to go IMO
29palms
19/3/2018
17:37
Still think the share offers good value. £77M Market Cap circa £20M in Cash Circa £6M Profit. Share price in last 12 months - sideways. However, looking a bit deeper, I think the business has been very generous with shareholders in the past year. Dividend cover is 2.34. The dividend of 1.4p is costing the business £2.1M, but they have also bought & cancelled £6M of shares this year, which would roughly equate to 4.2p per shareholder. The combined total of dividend & share cancel is therefore roughly 5.6p a share (so 10% growth for the shareholder). Net cash has only marginally dropped from £21.3M to £19.9M as a result of this. To conclude, whilst the share price has gone sideways the past year, this might not give a full account of the business and hopefully they will continue with the buying back & cancelling shares at this range whilst the business is cash positive.
jimmywilson612
19/3/2018
16:24
Modest Peel Hunt upgraded target price from 55p to 60p 19 Mar 18 Miton Group Plc Peel Hunt Buy 42.50 55.00 60.00 Reiterates
cwa1
19/3/2018
14:54
At 14:22 a 900k buy @ 42.5p!
skyship
19/3/2018
09:43
MGR will be presenting on Monday 16th April, 5pm. London WC2. At an event organised by Progressive Equity Research - MHP Communications and PIWorld. If you want to attend contact tamzin@piworld.co.uk Other companies presenting at the same event: Benchmark Holdings (BMK) and IG Design (IGR).
tomps2
19/3/2018
08:30
More than doubled my holding at 41p.
thamestrader
19/3/2018
08:22
Great results. should reach year highs over coming days.
bignads
19/3/2018
08:12
Good results and outlook. So looks S et for another good year markets permitting. Moving up. New price targets anyone.
its the oxman
19/3/2018
07:27
Agreed, reads positively; and now paying a useful dividend - 1.4p = a yld of 3.5%. Current Trading -- GBP4,057 million unaudited closing AuM at 15 March 2018. -- Positive net inflows of GBP190 million in the two months to 28 Feb'18. -- Two new funds launched to date in 2018.
skyship
19/3/2018
07:16
Results out; look very good and just ahead of (upgraded) broker estimates. At start of 2017 Stuart Duncan estimated year end AUM at £2.9bn. He later upgraded (in dec 2017) to £3.7bn. Final figure was £3.8bn hTtps://uk.advfn.com/stock-market/london/miton-group-MGR/share-news/Miton-Group-Plc-Final-Results/76973084
glawsiain
16/3/2018
20:18
Miton funds rather than the plc?
topvest
16/3/2018
16:01
Results are due on Monday. Miton have 7.5m shares in CVR so it will be interesting to see if they make any post year end comment on this.
masurenguy
16/3/2018
15:56
Miton Group plc (the 'Company' or 'Group'), the AIM quoted fund management group, today reports a trading update and unaudited statement of Assets under Management ('AuM'). The announcement of the Group's final results for the year ended 31 December 2017 (the 'year') is expected to be issued on 19 March 2018.
cwa1
16/3/2018
15:50
When's the final?
thaiger
12/3/2018
13:33
Good to see buyers coming in at 40p and more ahead of the imminent Finals...
skyship
22/2/2018
10:47
Yes, took a small piece here.
cwa1
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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