Miton Uk Microcap Share Discussion Threads

[henryatkin] 25/7/2015 11:50

jon...I don't know about IT's but my largest holding, Neptune UK Mid Cap U/T launched in Dec 2008 which was very good timing. I suppose most launch when they believe demand will be high from the herd, which is not usually at the end of a bear market.

[jonwig] 25/7/2015 09:43

henry - MINI currently 61% invested and with "lots of ideas" I'm told. Sorry can't link to source.

On your second paragraph, it seems (strangely!) most ITs launch late in bull markets. Did any launch in spring 2010?

[henryatkin] 25/7/2015 09:26

RMMC had the same problem six months before the launch of MINI and I see both haven't fully invested their existing cash yet. MINI May Fact Sheet says 32.4% invested. So, they both have to buy when its hard to find quality/value/growth. Both IT's will eventually be after the same additional investment cash.

Personally for the time being I prefer holding the fully invested, well established (2005) unit trust Marlborough UK Micro Caps until MINI & RMMC become more established. The fundamental problem for both IT's is in having launched seven years into a bull market when rates are anticipated to start rising which increases risk imo. I hope both IT's eventually do as well as Marlborough.
GLA.

[jonwig] 25/7/2015 06:59

Possible issue of further shares later this year, as they raised less than expected on initial float.

[noiseboy] 03/7/2015 14:32

tipping them in the paper will help the trust!

[topvest] 02/7/2015 20:19

That's Miton Group not this Miton investment trust!!

[wingrove4] 01/7/2015 22:54

A buy at 20p. Are they ever likely to reach 20p?

[jonwig] 01/7/2015 19:34

Thanks.
Top ten at end-May:

Fulcrum Utility Services Limited .. 2.7%
Amino Technologies ................ 2.1%
Zotefoams Plc ..................... 1.5%
Walker Crips Group Plc ............ 1.4%
Stride Gaming Plc ................. 1.3%
Internat.onal Greetings Plc ....... 1.3%
Norcros Plc ....................... 1.3%
Fox Marble Holdings ............... 1.2%
Flowtech Fluidpower Plc ........... 1.1%
Fairpoint Group Plc ............... 1.1%

[topvest] 28/6/2015 15:26

May factsheet summarises the top holdings
hxxp://www.mitongroup.com/index.php/investment-professionals/funds/investment-trusts/growth/uk-microcap-trust-plc/#
I own shares in Fulcrum and Fairpoint within this list.

[topvest] 18/6/2015 21:05

Miton are a good investment in my view. They are a buy at anywhere close to 20p in my view but do your own research.

[robsy2] 18/6/2015 16:53

Hi everybody
I've just arrived at the party got here a bit late but hopefully the fun is only just starting and I haven't missed too much.
I'm looking for a way of getting a bit more dynamism and value into my portfolio.This looks like it could be good choice for me, some good upside potential but returns smoothed with diversification and the chance to get real benefit from the fund manager.
I like the fund manager and was tempted to just buy some shares in Milton itself( MGR) . Anyone got any views on that as an idea?
R2

[andysaw] 15/6/2015 12:20

Big orders are coming in every day.

[topvest] 08/6/2015 09:58

Yes, Gervais does seem to get some good entry prices on his investments. This is a good trust in the making I think. Small enough to perform very well and not too small from a costs perspective.

[jonwig] 08/6/2015 08:25

Miton funds have taken a 5.6% stake in Gateley [GTLY] which started on AIM this morning.

I had to buy once dealings started, paying 109.75p against float at 95p.

[jonwig] 08/6/2015 06:35

From Citywire:

Citywire AA-rated Gervais Williams has increased his stake in trading platform Share (SHRE) after the firm's founder Gavin Oldham put a £3.6 million stake on the market to fund his radio station venture.

Williams has bought a £750,000 stake at the offer price of 33p per share for his Miton UK Microcap investment trust, run with AA-rated Martin Turner. The shares were trading at 35.3p on Friday.

The position sits alongside an existing £604,000stake held by Williams and Turner's Miton UK Smaller Companies fund and lifts Miton Asset Management’s total holding in Share to around 2.7%.

I see the NAV here has now popped over 50p.

[topvest] 07/6/2015 15:09

Fulcrum had good results this week and commenced a dividend strategy so that's a good start for them. No fact sheet appeared yet, to see what else they are holding.

[jonwig] 18/5/2015 14:46

Yup - you're voted UP - so many years using investegate, but I never tried that tab!

[noiseboy] 18/5/2015 13:36

Works for names as well, Such as Woodford...!

[jonwig] 18/5/2015 06:36

Thanks noiseboy - will give that a try - I do use investegate in any case!

Yes it works - excellent.

I used the "Advanced Search" tab and chose Keyword: "Microcap".

Fox Marble: 2,500,000 shs.
Fulcrum: 9,250,000 shs.

[noiseboy] 17/5/2015 18:04

Hi jonwig,If you type Miton UKmicrocap into You will get notice of any notifiable interests the company has

[topvest] 17/5/2015 08:47

Presumably from the Fulcrum and Fox Marble RNS announcements. The investment trust doesn't own 15% of Fulcrum as the Miton open ended fund owns about 10% if I remember correctly.

[jonwig] 17/5/2015 06:55

Thanks noiseboy.

How did you find these holdings? A web search (for Miton) doesn't seem to throw them up.

Miton Group interest in -

Fulcrum [FCRM]: 23,262,250 shares, 15.06%
Fox Marble [FOX]: 8,055,555 shares, 5%

The company RNSs don't specify which trusts have what holdings.

[topvest] 16/5/2015 18:09

Yes, good to see they have entered Fulcrum as I have a few of these.

[noiseboy] 16/5/2015 09:37

Looks as if they have taken positions in Fulcrum Utility Services and Fox Marble

[jonwig] 16/5/2015 08:19

It's in the prospectus - 75% to capital. So £500,000 total.