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MINI Miton Uk Microcap Trust Plc

53.25
0.00 (0.00%)
14 Jun 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 53.25 51.50 55.00 53.25 53.25 53.25 45,608 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -25.89M -28.07M -0.3649 -1.46 40.96M
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 53.25p. Over the last year, Miton Uk Microcap shares have traded in a share price range of 45.90p to 58.00p.

Miton Uk Microcap currently has 76,923,603 shares in issue. The market capitalisation of Miton Uk Microcap is £40.96 million. Miton Uk Microcap has a price to earnings ratio (PE ratio) of -1.46.

Miton Uk Microcap Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
30/4/2024
10:17
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
31.03.2024"

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.

tromso1
19/12/2023
15:57
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

sphere25
14/12/2023
07:35
hmmm...

"We therefore feel that UK quoted microcaps are at the start of a supercycle that has the potential to persist for decades. In short, Martin and I believe the prospects for the Trust's strategy are the best they have been for thirty years."


predicting the start of a multi-decade microcap supercycle - what chutzpah!

paraphrasing the immortal words of Mandy Rice-Davies, " Well they would say that, wouldn't they".

not convinced.

good luck all.

all imo. dyor.
qp

quepassa
15/11/2023
10:28
Two things:-

1 . USA smallcap Russell Index was up a whopping 5.4% yesterday. Much talk on the Street about growing appetite for the USA smallcap sector.

If that happens (as is likely) it will inevitably blow across the Pond and lead to a renewed interest in UK smallcaps.


2. How can one forget Obi-Wan Kenobi's words just before entering The Cantina with a very young Luke Skywalker:-


"You will never find a more wretched hive of scum and villainy. We must be cautious".


He clearly had not yet visited the AIM universe.


ALL IMO. DYOR.
QP

quepassa
15/11/2023
10:17
"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

cf456
13/9/2021
13:06
Why would any body buy a one share, unless there is another meaning on this trade?
umitw
10/8/2021
10:01
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
tartshagger
09/7/2021
08:34
Sounds like he is severely confused! You can't close an investment trust - it is a company, so it would be like saying BP shares were closed - doesn't make sense. Perhaps there was just no stock available as it is fairly illiquid.
riverman77
09/7/2021
07:08
Broker told me that it's closed for now!
umitw
08/7/2021
20:08
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.
riverman77
08/7/2021
19:48
It's not possible to buy this fund right now. It's soft closed.Not sure when it will be available to public again.
umitw
28/6/2021
11:28
Quite a lot of sells going through every day.?
umitw
19/5/2021
07:25
Kepler's Investment Trust Research Analyst Callum Stokeld discusses the MINI strategy, considerations around stock selection and potential performance:
ga_dti
07/4/2021
10:15
Gervais Williams discusses the performance of the Miton UK MicroCap Trust:
ga_dti
07/1/2021
13:34
I managed to get a few extra this morning. The MM has narrowed the spread now, must be looking for stock. There obviously isn't much of a free float
tartshagger
07/1/2021
10:32
The fund is still at nice discount to NAVAs mentioned the fund has several winners.It will catch up with the NAVKeep buying an there are only buyers!
viking24
06/1/2021
14:52
none available today it seems
yieldsearch
06/1/2021
14:00
Certainly a few winners in the portfolio, incl. I3E etc
viking24
06/1/2021
00:17
Probably because of their Jubilee Metals holding
the bull
05/1/2021
12:11
NAV 80p!!The fund is no 1 in the U.K. in micro cap area in 2020, best performing.
viking24
04/1/2021
11:33
I like the UK small cap sector and the team that run this trust are clearly good stock pickers. I would invest more here but the huge spread and difficulty in getting quotes on my platform puts me off.
tartshagger
30/12/2020
16:27
NAV 75!!Strong buy
viking24
24/11/2020
16:59
nice buying in the fund over the last couple of days.Thank you Rathbones
viking24
20/10/2020
15:35
Deep discount to NAV
viking24
Chat Pages: 5  4  3  2  1

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