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
  +0.40p +0.60% 67.30p 66.60p 68.00p 67.30p 66.90p 66.90p 75,248 08:33:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 27.8 6.2 3.3 20.6 119.89

Miton Group Share Discussion Threads

Showing 251 to 274 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/10/2018
22:30
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!
xajorkith
02/10/2018
08:06
Moved to quarterly reporting on AuM. Update due @ 9th October.
podgyted
01/10/2018
20:52
3 bagged on mine now which is nice.
topvest
01/10/2018
19:23
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
podgyted
01/10/2018
15:10
Just bought a second tranche...
chartsworth
01/10/2018
14:25
Strong buying today by the looks of it. And a breakout to new highs. 100p looking increasingly possible in the short term.
cf456
25/9/2018
17:58
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.
podgyted
25/9/2018
08:31
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.
robow
24/9/2018
21:36
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.
topvest
24/9/2018
14:17
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
thefartingcommie
24/9/2018
12:36
All in, very undervalued to Peers Should go a lot hogher from here. As always DYOR
29palms
24/9/2018
11:19
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://www.piworld.co.uk/2018/09/24/miton-group-mgr-h1-results-summary-september-2018/ Financial highlights – 00:21 Growth drivers – 01:14 The outlook – 02:17
tomps2
24/9/2018
10:02
18BT Have had one read through the Liberium report. Their forecasts for 2018 are marginally ahead of those currently shown on sharepad eg PTP 8.8 v 8.5 eps 4.1 v 4.0 even then the Liberium figs look conservative, for example Assets under management were 4.5bn as at 30th June 2018. Liberium are forecasting 4.9bn at 31st Dec 18. However, the interims state that Assets had already reached 4.8bn at end Aug. At current run rate i would estimate 5.2-5.3 is achievable by year end. As ever the risk with this investment is a market downturn. However in terms of the elements they can control they seem to be performing v. well.
cgequityinvest
24/9/2018
09:32
Liberum initiation:- "Miton Group is a small fund management company with everything optimised - right people, right funds, right systems. 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. We expect an EPS CAGR of 24% (2017-20E), but the shares trade at a 24% discount to slower growing peers. We believe the 2019 ex cash P/E of 10.5x undervalues the company." TP 84p
podgyted
24/9/2018
07:59
Looks to me as though 2018 forecasts are going to have to be tweaked up: current consensus PTP at £8.5m and EPS at 4p and they have done more than 50% of that at half year and increase in AUM will continue to flow through to H2.
18bt
24/9/2018
07:52
Seem pretty strong to me & on course to beat forecasts imv. “The momentum of our fund flows and performance are strong. The outlook for the remainder of the year is encouraging.” Positive update from Liberum on Research Tree but don’t have access.
xajorkith
21/9/2018
11:45
Figs scheduled for Monday 24th and share price just nice and slowly going north these past couple of weeks, always a good sign. Way to go DYOR
29palms
31/8/2018
11:14
Added a few more on the recent pullback, ahead of next month’s results. Business momentum seems strong & believe there’s a good chance of further upgrades.
xajorkith
09/8/2018
18:22
I'm expecting them to outperform particularly in the next downturn, which Miton has been lining up for.
sbs
14/7/2018
15:11
A decisive breakout this week.The company is clearly in a strong growth phase and is set for further share price appreciation going forward.
whiteadder
09/7/2018
10:01
Just had to pay 62p for s starter holding. Could turn into another lion trust in time.
nimbo1
09/7/2018
09:50
Excellent stuff.
cwa1
09/7/2018
09:27
Excellent update & great to see that momentum has been maintained into the summer.
xajorkith
09/7/2018
07:44
Wow - a fantastic update. Miton are doing much better than they have ever performed previously. Onwards and upwards!
topvest
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