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MGR Miton Group Plc

56.10
0.00 (0.00%)
17 Dec 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 56.10 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 56.10 GBX

Miton (MGR) Latest News

Real-Time news about Miton Group Plc (London Stock Exchange): 0 recent articles

Miton (MGR) Discussions and Chat

Miton Forums and Chat

Date Time Title Posts
15/11/201916:54Miton Group - new name, new thread!343
17/3/200921:46MGR summink with Charts & News-

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Posted at 27/9/2019 15:11 by 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)
Posted at 27/9/2019 06:44 by 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.
Posted at 24/9/2019 21:43 by 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.
Posted at 04/9/2019 06:28 by 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.
Posted at 03/9/2019 12:01 by diviincomesearch
Bought in here this morning. £25.5mn net cash in the company. Small cap fund having a mare but their EU opps fun is in prime place to pick up a lot of the Jupiter European fund which is shedding assets as the long time fund manager Darwall is leaving.

Compare that Liontrust’s purchase of Neptune which is bleeding assets- £2.6bn AUM- purchase price of £40mn.

Interesting new funds- global infrastructure income off to a good start- and a new incentive scheme for managers rather than being dilutive for existing shareholders.

Worth a dabble IMO!
Posted at 14/8/2019 12:52 by 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?
Posted at 13/6/2019 17:11 by riverman77
I would add that this seems to be more than priced in based on recent price falls. I'm thinking of taking a small position as I think they've got some good funds and flows should hopefully pick up.
Posted at 03/5/2019 13:31 by tomps2
If you follow MGR you might be interested in this general interview with Gervais - how he got into fund management, influencers, the macro picture, how he's positioning.
Posted at 18/3/2019 11:49 by tomps2
MGR results overview by CEO, David Barron.



Great set of results.
Posted at 24/9/2018 13:17 by thefartingcommie
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
Miton share price data is direct from the London Stock Exchange

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