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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
  -1.20 -1.26% 94.00 93.60 95.00 98.00 94.30 95.00 468,376 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.8 0.1 0.1 1,566.7 105

Miton Uk Microcap Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
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
14:35
Deep discount to NAV
viking24
03/9/2020
08:33
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
davebowler
19/8/2020
20:08
Some very interesting holdings moving up strongly. Avacta 1/2 holding left and moving up another 15% today
viking24
13/8/2020
22:34
" 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......?
jeffian
13/8/2020
20:15
I guess it's almost half way between open and closed ended structure. A couple of important differences - firstly, it's only once a year, compared with an open ended fund which has to deal with daily flows. Also, there is no immediate pressure to sell assets - I believe manager can take several weeks and not be forced to sell when there is no liquidity. This is different to funds - if they get a big outflow they have to meet that request the next day. On your last point - if the trust is successful and popular it will trade close to nav and there will be no redemption requests (no point if it's already trading close to nav) . There are are several in that category. So annual redemptions only relevant when the trust trades at discount. If this is persistent then the trust will eventually be put out of its misery and shareholders get their money back at nav . I actually think this is far preferable to mediocre trusts trading at huge discounts for years and nothing gets done about it.
riverman77
13/8/2020
17:49
Thanks, riverman77. I still don't really get it though as it seems to negate the advantages of being an IT and add the disadvantage of an open-ended fund which has to sell underlying assets to meet redemptions! A lose/lose? "The idea of these is to prevent the discount to NAV getting too wide - if it starts to get too wide, people will buy simply to capture the nav uplift." Well exactly! That's the way the market works. If it gets too cheap, people will buy it. "The downside is if too many people redeem then the trust will shrink and have to be wound up." Exactly again! By adding the redemption option, it's not really an IT at all, is it?
jeffian
13/8/2020
17:14
Several investment trusts have annual redemption facilities - the opportunity to redeem at book value once a year. The idea of these is to prevent the discount to NAV getting too wide - if it starts to get too wide, people will buy simply to capture the nav uplift. The downside is if too many people redeem then the trust will shrink and have to be wound up. So only really works for popular successful trusts, but at least it stops them being stuck on a permanent discount.
riverman77
13/8/2020
16:51
Can someone explain to me why this "Investment Trust" has an "annual redemption facility"? It seems to defeat the whole object of IT's, whose shares have a market quite separate from their underlying investments. Is it actually a true IT at all?
jeffian
22/7/2020
07:15
Another winner for Miton, their largest holding Avacta had another RNS out this morning !
viking24
20/7/2020
14:16
Worth remembering that SNG is a holding of The MicroCap Trust !!!
viking24
07/7/2020
11:32
Worth remembering MINI had a good position in Rockrose( just been bid for)
viking24
29/6/2020
22:47
How's everyone feeling now about this one. I have been looking into AIM funds for IHT purposes. Not actually ready to get into one yet, it's more of a plan should I pop my dutch footwear for the wife to do. I had heard of Miton as they have a holding in Jubilee Metals. I have a big holding their myself which I am sure will come good as it is really building for the future and making good profits. Miton only hold 1.9% Anyone, added this to my watch list. I tend to do my own thing with AIM shares to be honest but it wouldn't harm to have a greater spread
the bull
24/4/2020
09:31
Great beta play on the small/ micro cap market.Discount to NAV
nordic1958
19/12/2019
13:48
I've sold my few. Very poor list of investments in this trust. Dead money for 4 years. Broke-even just!
topvest
30/7/2019
08:06
It’s a vicious circle. They are having to sell down perfectly valid investments simply because AIM (in particular) and SmallCap indeces have been in a downswing since last October which in turn has spooked investors in small cap funds, and then pile the Brexit collywobbles on top of that to serve up more redemption requests. When things are this bad it often signals a time to buy, so I will buy small caps now but it will never be through funds like this as I don’t pay people to make bad decisions, I only want myself to blame for poor performance and I don’t charge myself management fees!
bones
29/7/2019
17:46
Only skimmed through this but sounds like they'll struggle to redeem going forward. Stay well clear anyway. It's interesting that they blame the bad performance on its heavy UK focus, which I don't really buy, more like bad stock selection.
riverman77
Chat Pages: 4  3  2  1
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