Very impressive:
The Assets under Management managed by the Tellworth team between completion and the first anniversary of completion have grown by £227m to £698m. |
Dave
I fear the market slipping away is not a good look for fund managers so my guess is we must stay patient whilst hoping that they still pay us a nice dividend twice a year. |
Employee share option exercise |
Some large trades passing through the market in PMI....could see a bounce soon... |
Tree shake |
Added a few more today....looking much more promising now and with a bit of luck we might see a break out soon, fingers crossed....volume still decent |
Another tick up. 10 year UK bond yields slowing falling is helping here....65p target in the short term |
Indeed Dave, most encouraging. |
Further gains today in a falling market....promising... |
@dave
Over half a million shares again today and up on the day, this does start to look encouraging now. |
It has a lot of catching up to do...very, very oversold....I am just going to keep adding and keep holding for better times.. |
Holding up nicely today with decent volume in a weaker market, long may this continue |
Added at 51p. Looks like that dump of 1,418,185 at 48.5p is to blame for the possible overhang/SP fall. Hopefully that's it done. MM's seem to be turning a few of them around at 51p. Nice business! |
incentive share options usually get exercised at this time of year |
So maybe this all points to a large overhang to clear? |
Please understand me that I wasn't trying to start a rumour but this is aim and we've all seen it before with price movements up or down when someone has a sniff of something
Traditionally after a Divi payment they float a bit higher as Divi gets reinvested
Not this time though. |
sector needs more consolidation......... |
Drop does looks unusually large but genuinely can't think of anything that could warrant this - they don't really have any star fund managers (who might suddenly decide to leave and hit the share price). I think their client base is quite well diversified, so wouldn't have thought much risk that one of their bigger clients has exited. |
Looking oversold @50.5, joined you for a few, GLA |
With fund managers the only bad news is when they see big outflows or loss of mandate - can't see any sign of that here. From a quick reconciliation of the factsheets it looks like flows have been pretty flat in January, which is a good result given January saw huge outflows across the industry. This has been very weak YTD and does look oversold IMO, especially given that equity markets have been quite strong so this should have boosted AUM a bit. |
Could be who knows....or just the current investment climate...sitting tight anyway... |
Or maybe there is bad news coming? |
Looks like there must be a huge overhang to clear here....or was....maybe it's clearing at this SP?? |
As I understand it, the star managers are all shareholders in PMI? |
there is enough baggage in there that a biggie would more likely prefer to pick off the best fund managers individually |
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