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Premier Asset Share Discussion Threads
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|Nice under the radar stock this. Fantastic margins, little working capital needed means high payouts to shareholders.|
|Quarterly dividend announcement (Http://www.investegate.co.uk/premier-am-group-plc--pam-/rns/quarterly-interim-dividend/201704260700103264D/). As expected, 1.25p ex dividend 4 May to be paid 2 Jun.|
|In this morning at 134. Divi forecast 7.5p this year and 11p next year.|
|I'm still in and will continue to hold for a while... hopefully this is the start of an share price upturn!|
|Looks like electra offloaded their stake in the closing auction at 125 last night.|
|Decent update, don't hold but may take a position in next few days. Forward 2018 pe of 8.5 and divi yield of 8%. Jupiter on pe of 13.5. Looking for overlooked value divi plays for the isa, this and EPWN fits the bill.|
|SP drifting lower ..any views ?|
|I'm in just now. Shows as a sell!|
|Well I've added a few of these as it looks to be doing very well as a niche multi-asset retail fund manager. Growing AUM very strongly and 40 consecutive months of AUM growth. Electra have retained some of their holding. Think Electra paid too much in the original buy-out as they haven't made stellar returns here. Still looks good going forward though.|
|hellooooooo - Wiganer in view of trading statement any chance they can beat 7.5 eps?|
|Premier Asset Management Plc
Completion of Acquisition and Trading update
Premier Asset Management Plc announces that it has completed the acquisition of
the Framlington Absolute Growth Fund and that this £50 million fund will be
available to investors as the Premier Absolute Growth Fund with effect from
The Directors are pleased to report that in the six months ended 31st March
2006, net sales across the group exceeded £110 million. This compares to a
figure of £43 million for the same period last year and the directors are
encouraged with this continued organic growth within the business. As at 31st
March 2006, funds under management were £1.33 billion, up by 92% since 30th
September 2005 and by 7.3% since 31st December 2005.
The company expects to announce its interim results for the half year ended 31st
March 2006 on the 15th May 2006.|
|Premier Equity & Income Bond Zero dividend preference|
|no idea on the bid, given the valuation it is a possibility. i suspect it's just a snap back post the sellers clearing. PAM fell from 80p over the time the market has moved up considerably, so playing catch up.
given the high volumes and pick up in share price it should start to receive more attention.|
|This thing has now moved more than 10% today - if there is anything going on eg a bid approach, the S.Exchange will press them to make a statement ASAP.|
|The way these thinks are moving...is there a Sunday tip coming?|
|please see my previous thread on this stock for some thorough analysis. Selling shareholders have cleared out and small volumes are moving this up. The freefloat is only £6m so it doesn't take much volume to shift it.|
|PAM up again when financials are down and the bid for Amvescap has been pulled.|
|sellers cleared out and the stock moving on again. no sellers in the last couple of days. ho hum|
|PAM - big volume day last Friday and starting to move, does anyone follow this stock?|
|A non exec bought 100k. Interestingly David Pountney - owner of 8% of Numis - has picked up a disclosable stake this morning which will attract some interest. There has been some good volume in recent days which should clear the sellers out.
The company is valued at £9m of which £3m is cash. They bought a charities business in April, and more should follow, all of which are enhancing to profits. Assets under management over £600m for a £6m enterprise value is cheap. Lots of upside on valuation grounds, deals, takeovers. Hard to see any downside on that valuation.|
|You're not alone. Bought in last week as it broke up through the 200dma. Hoping for a long and profitable run.|
|andy I would definitely hold for a rise above 1.00 New board bought heavily above this last year then again in jan 2003 and yet again last month surely a good omen Shares suffered from boardroom resignations and more recently failed takeover of other fund manager apparently a done deal but outbid at last moment Sector looks ripe for consolodation and despite recent lack of newsflow I feel sure this will change in near future.nice to hear from you Andy but surely we are not alone.|
I couldn't believe my eyes when I saw a thread for PAM!
I've held for a few years, and finally got around to depositing the certificates with my broker to put them online for me, in order to trade them, and then they started to rise!
Thinking about the reason for the rise, I came to the same conclusion as you, so have decided to hold. Just as well because the share I was going to buy has held steady.
|Take a look at Premier Asset Management.Rising stock markets must surely benefit asset mamagers as the assets they manage increase, so do management fees. Substantial director support despite previous board changes. New board obviously see value in excess of 100p|
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