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MINI Miton Uk Microcap Trust Plc

48.70
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Miton Uk Microcap Trust Plc LSE:MINI London Ordinary Share GB00BWFGQ085 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 48.70 89,800 08:00:24
Bid Price Offer Price High Price Low Price Open Price
47.60 49.80 50.25 48.70 48.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -25.89M -28.07M -0.3649 -1.33 37.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:06 O 1,440 49.798 GBX

Miton Uk Microcap (MINI) Latest News (1)

Miton Uk Microcap (MINI) Discussions and Chat

Miton Uk Microcap Forums and Chat

Date Time Title Posts
19/12/202315:57::: Miton UK MicroCap Trust plc :::109

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Miton Uk Microcap (MINI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 15:18:0749.801,440717.09O
2024-04-19 15:05:1849.035,1002,500.53O
2024-04-19 14:45:5449.8012,0005,975.76O
2024-04-19 13:41:5949.0310,0004,903.00O
2024-04-19 13:21:2549.0310,5005,148.15O

Miton Uk Microcap (MINI) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Miton Uk Microcap Daily Update
Miton Uk Microcap Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker MINI. The last closing price for Miton Uk Microcap was 48.70p.
Miton Uk Microcap currently has 76,923,603 shares in issue. The market capitalisation of Miton Uk Microcap is £37,461,795.
Miton Uk Microcap has a price to earnings ratio (PE ratio) of -1.33.
This morning MINI shares opened at 48.85p
Posted at 19/12/2023 15:57 by sphere25
Behind.

Decent read.

Some good snippets in there too:

"Domestic institutions, predominately pension funds and insurance companies, have been dramatically cutting their weightings in UK equities. They owned more than half the market in the 1990s. Now they own just 4%, as they have conformed to world index weightings. Contrarians should find valuations attractive, with UK equities trading on around 11 times 2023 earnings per share, versus Continental Europe on 14 times and the US on 20 times. You might reasonably wonder how relevant this is to the performance of the Company. In short, the macro trends affecting UK equities have been felt most acutely at the lowest market capitalisation end of the market. The SmallCap index has lost around 5% of its constituents this year thus far, suffering a 20% reduction in its market capitalisation as a result.

Thanks to the inexorable retreat from UK small cap equities, hastened by attractive 5%+ yields on short-dated gilts, the market has been 'offer' only, except in a rare few companies. Nowadays, market makers hold very little inventory and even sales of small quantities of stock are sufficient to trigger double digit percentage falls in prices. The flip side is that when the mood music changes, the gains in the better companies will be explosive. The foundations for big gains in the next small cap bull market are being laid now, for those brave enough to invest in quality stocks with solid balance sheets in the AIM sector. The Numis Alternative Markets index peaked on 6 September 2021 and, by the end of October this year had fallen 46.8% - that is some bear market!"


Definitely been the case with those market maker shares. Just complete residency in ClobberVille. The tide is gradually turning, but there are still enormous overhangs out there in the smaller caps.

Roll on those "explosive moves" when those overhangs do eventually properly clear.

BANG!

Fireworks!

All imo
DYOR
Posted at 15/11/2023 10:17 by cf456
"In our view, the principal beneficiary of a change in UK fund flows may be the Alternative Investment Market (AIM) which is made up of smaller, more risky companies, also called small-cap company shares. After its substantial underperformance recently, the shares of many companies on the AIM stock market stand on what we consider to be low valuations. As the selling of UK funds ceases, then even modest sums of new cash could drive up smallcap share prices."

"At Premier Miton we are proposing that a portion of the annual ISA investment is ring-fenced for UK quoted companies in the forthcoming Autumn Statement in November.

Renewed ISA investment into the UK, together with a change in the direction of UK fund flows, could in our view be positive for AIM-listed company share prices. An example of how much AIM-listed company shares can recover, occurred after the pandemic."

Gervais Williams on 30th Sept
Posted at 13/9/2021 13:06 by umitw
Why would any body buy a one share, unless there is another meaning on this trade?
Posted at 10/8/2021 10:01 by tartshagger
The problem with highly illiquid ITs like Mini is that there is very little free float in the shares. So it's hard to buy stock when you want to because of lack of availability. It's even harder to sell, especially during a severe market pullback. Plus the ginormous spread makes the whole prospect uneconomic. Avoid - there are much more liquid small cap IT's available if you look
Posted at 08/7/2021 20:08 by riverman77
I think you're talking about the open ended fund - MINI is closed ended so soft closure is not applicable. You can always buy MINI shares as long as their is a willing seller.
Posted at 19/5/2021 07:25 by ga_dti
Kepler's Investment Trust Research Analyst Callum Stokeld discusses the MINI strategy, considerations around stock selection and potential performance:
Posted at 03/9/2020 09:33 by davebowler
01 September 2020, the unaudited Net Asset
Value per share of Miton UK Microcap Trust plc, managed by Premier Miton Asset Management
Limited, is:

With the portfolio valued on a fair value basis:

Including current period revenue to
01 September 2020 63.70p per ordinary share
Posted at 13/8/2020 23:34 by jeffian
" If this is persistent then the trust will eventually be put out of its misery and shareholders get their money back at nav . "

Not necessarily, as Woodford showed. I raised the question because on another site someone is complaining that he exercised his redemption right in MINI and has been told he can't have his money until funds are realised from the sale of underlying assets. And the difference with Woodford is......?
Posted at 07/7/2020 12:32 by viking24
Worth remembering MINI had a good position in Rockrose( just been bid for)
Posted at 29/7/2019 14:02 by konkel
Miton UK MicroCap (MINI) has an annual redemption facility through which shareholders are entitled to request the redemption of all or part of their holding. The trust announced on 3 June 2019 that it received valid redemption requests for 14,317,907 ordinary shares for the 28 June 2019 redemption point (representing 9.4% of the issued share capital). The trust says that it expects to announce the redemption price on 1 July 2019 and, as it had previously noted, it had expected to dispatch the redemption monies by 12 July 2019. However, this will have to be delayed until mid-August.

Redemption delayed due to insufficient reserves
Ordinary shares may only be redeemed or purchased by the trust out of distributable reserves or the proceeds of a fresh issue of shares made for that purpose. The trust says that it does not currently have sufficient distributable reserves, given the size of the election and the impact of the financial year-end portfolio valuation. As a solution to this problem, MINI’s Board is proposing to cancel the trust’s share premium account to create additional distributable reserves. This should allow the trust to satisfy such redemption requests in full.

However, the cancellation of the share premium account requires the passing of a special resolution of the Company at a general meeting and the subsequent approval of the Court, and the intended timetable for these approval and the dispatch of monies is mid-August 2019. There is approximately £87 million currently standing to the credit of the trust’s share premium account. It says that it intends to publish a circular to convene a general meeting during the course of next week and this will also contain details on the timing of the Court hearings. The company says that it intends to fund the redemptions from existing cash resources.
Miton Uk Microcap share price data is direct from the London Stock Exchange

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