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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
  0.00 0.0% 50.70 48.00 53.40 50.70 50.20 50.20 151,670 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.1 0.3 0.2 253.5 70

Miton Uk Microcap Share Discussion Threads

Showing 76 to 98 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
24/4/2020
10:31
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
09:06
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
18:46
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
29/7/2019
14:03
This is a dog and it now has fleas!
konkel
29/7/2019
14:02
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.
konkel
26/7/2019
13:09
Performance has been absolutely appalling over the past year - nav down around 25%, and discount widened to over 10%. I believe there is an annual redemption option here - so investors can get back at par if they choose. I'd imagine most investors will want to redeem so this trust will surely be wound up at some point - potentially a good discount play.
riverman77
11/3/2019
09:55
Taking a hammering since January - Bilby a disaster and now selling down SDI which is ratehr odd as many think SDI still has upside - Thoughts?
pugugly
24/10/2018
08:05
YU. second largest holding here
belgraviaboy
22/11/2017
08:13
Miton bought IDP at £2.76It's now £1.88
dmk1198
22/11/2017
07:42
Gervais was an early supporter of Versarien (VRS), and has kept the faith. Watch out for an increase in NAV here and a widening of the discount before people wake up to this.
shavian
15/9/2016
13:24
This is moving nicely
luckymouse
10/8/2016
21:58
"At some point". What does that mean..........? ALL IMO. DYOR. QP
quepassa
10/8/2016
21:16
Well done for selling Cenkos. I took some money off the table, but not enough. Think they will bounce back at some point though.
topvest
10/8/2016
09:34
You also like Cenkos . I used to but not now. I bought at 50p and sold at 200p+ but now they are in a bad way and I wouldn't touch them with a bargepole at that price given what has happened. I guess different views make the market. The key to winning with smaller/specialist/exotic trusts is not to buy them for the long-term but to buy them for the market swings. ALL IMO. DYOR. QP
quepassa
10/8/2016
09:14
Would only interest me on a fat discount to NAV. I like ACIS ATM however difficult to add in any quantity, It's smaller rather than micro cap.
essentialinvestor
10/8/2016
08:28
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!
topvest
09/8/2016
16:47
I wouldn't say so. It clearly holds some riskier micro-caps - some of which may do well, some of which are likely to be dogs. There is a place for such micro-cap funds though and I think Gervais Williams is better than most at taking advantage of them.
topvest
09/8/2016
15:04
a real dog. ALL IMO. DYOR. QP
quepassa
09/8/2016
14:40
OK - at least thy're in an ISA - lovely!
jonwig
09/8/2016
12:49
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.
topvest
09/8/2016
12:00
Gosh, a dividend. 0.14p - I'd rather they kept it since performance is quite OK, let them re-invest instead!
jonwig
07/7/2016
06:59
Includes video interview: The 'Brexit' referendum result has dealt a blow to UK smaller companies as investors have shied away from stocks perceived to be exposed to a weakening economy and reduced consumer spending. In this video interview, Gervais Williams, an experienced smaller companies fund manager, argues many 'small caps' could benefit from a retreat in globalisation that 'Brexit' may inspire. Moreover, Williams, co-manager of the top-performing Diverse Income (DIVI ) investment trust and its more recently launched stalbemate, Miton UK MicroCap (MINI ), explains that the fall in the pound and a rise in inflation may not be as harmful as has been assumed. Http://citywire.co.uk/money/gervais-williams-small-is-still-beautiful-after-brexit/a928984?ref=citywire-money-latest-news-list
jonwig
Chat Pages: 4  3  2  1
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