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MINI Miton Uk Microcap Trust Plc

0.00 (0.00%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Miton Uk Microcap Trust Plc MINI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 53.25 08:00:00
Open Price Low Price High Price Close Price Previous Close
53.25 53.25 53.25 53.25 53.25
more quote information »
Industry Sector

Miton Uk Microcap MINI Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 30/4/2024 10:17 by tromso1
From the latest factsheet.

"The trust’s portfolio still includes numerous holdings invested in micro-caps in many other industry sectors that are also standing on what we believe are overlooked valuations. As these start to recover, we anticipate nothing short of a micro-cap supercycle from here.

Gervais Williams & Martin Turner

UK smallcap markets look to be recovering strongly over recent weeks. MINI could be a strong play on the continuation of this.

Certainly a very strong mover once it gets going as per the rise in 2020 and early 2021.
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 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.
Posted at 10/8/2016 08:28 by topvest
Thanks - interesting, that we have such contrary views on these!
Athelney Trust have a pretty good 20 year record, albeit the manager does have a tendency to walk into the odd value trap.
Blue Planet is a shockingly bad trust in my view - just look at the long term effects of high costs and hyperactive trading.
Gervais is a bit better than that in my view. The Diverse Income Trust has been pretty good.
I do like the Chelverton Small Company Dividend Trust though, so maybe that's a bit of common ground!
Posted at 09/8/2016 12:49 by topvest
No, I think a dividend policy is always good and they should start it off now. Hopefully, will jump next year as the higher investment balance generates more income versus the more fixed cost base. It's never going to yield much, but better to have a circa. 1% yield in due course rather than nothing in my view.
Posted at 09/8/2016 12:00 by jonwig
Gosh, a dividend. 0.14p - I'd rather they kept it since performance is quite OK, let them re-invest instead!

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