Premier Miton Share Discussion Threads

[hiddendepths] 09/1/2023 09:56

There was a big seller. The stock was absorbed, probably by a MM, at 103 and the shares were being moved on at 103.5 all week.

Looks as though the cheap stock has all gone now and the shares may well climb.

[cwa1] 06/1/2023 16:45

Buys are certainly going through at 103.5p, so can't see what the problem is. Certainly nothing "shady" that I can see

[dicktrade] 06/1/2023 16:27

I could buy at 103.5 and sell at 103.51 at one point in the day .

[oapknob1] 06/1/2023 16:03

Been 102-105 for a while yet majority trades show mid at 103.5. Yet share price not moved. Are buys and sells going through at 103.5 ?

[oapknob1] 06/1/2023 15:25

A lot of trades going through as Mid price at 103.5. Shady

[oapknob1] 03/1/2023 22:17

GAM Holding AG, Zurich above 3%

[sphere25] 14/12/2022 19:03

Thanks Brianblu, you too. I am pooped, probably sleep through most of it or at least try!

Hope everyone has a nice festive period.

The reports fade away from here and things usually slow down substantially. PMI still attracting some decent buying with someone coming in for a late reported 200k @ 104.5p too, but it closed bang on that 105p mark mentioned...you know...just to tease us all.

I wonder how we will look back at these prices within the stronger and proper cash generating companies 12-24 months out.

"Plonker! Why did you trade so many of them?"

Time will tell.

And now we see if it can crack on or an exit. Hardly an income seeker so won't hang around for the dividend of 6.3p to be paid to shareholders on the register at 13 January 2023, but if you watch particular companies that have these chunky dividends, the market bids the price up near the ex dividend date so there are trading opportunities.

It would happen with the likes of DLG, had one with NRR and they came in at SLP recently too ,so maybe worth a keeping an eye on PMI nearer that date too. I know some traders who sell into that move, benefiting from the price action, but not holding on ex dividend date because the downside can be exacerbated or at least it might not be as beneficial as the run up trading position.

Anywho, let's watch the football.

All imo
DYOR

[brianblu] 14/12/2022 10:39

Sphere 👍🤓have a grand Xmas

[sphere25] 14/12/2022 10:20

The market is buying into that dividend with some decent blocks being picked up today and yesterday, so from a short term perspective, it could rally. Maybe they are seeing long term value down here too?

Taken a small few for a short term trade only.

Just want to see if it can break that 105p mark. IF it can then a chance of lobbing into a move higher. Exit if no momentum.

Illiquid and a pain to buy this. The offer has already moved sharpish. These sorts can be such an annoyance the way they move.

Let's see if there is any momentum or these big buyers keep coming in.

All imo
DYOR

[stemis] 02/12/2022 13:42

Surely the only thing holding this up is the dividend yield. The elephant in the room is the fall in AUM. Average AUM during 2021/22 was £12.6bn. However it started the year at £10.6bn recovering somewhat to £11.3bn by end of November. Assuming it averages £11.3bn during the year and net margin fee margin remains 64.6%, that would knock £8.5m off PBT. Hard to see admin costs any lower when mostly it's salaries and inflation is over 10%.

Comment on dividend notes that it is a deviation from stated policy and outlook statement is defiant more than positive. If the above comes to pass and they then cut the dividend I can't anything other than downside for the share price...

[thelongandtheshortandthetall] 02/12/2022 12:43

Very positive start to the turn around IMO.

[neilyb675] 02/12/2022 08:18

102.00 - 105.00 (GBX) at 08:17:34
on Market (LSE)

[neilyb675] 02/12/2022 08:16

101.00 - 102.50 (GBX) at 08:14:41
on Market (LSE)

[thelongandtheshortandthetall] 02/12/2022 08:06

Very happy with the 10p divi maintained. incredible yield!
And net inflows since year end.. hello :)

[davidosh] 15/11/2022 18:40

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[thelongandtheshortandthetall] 11/11/2022 14:26

PMI starting to shift now then. Little bit of catching up to do to match the others in the sector.
:)

[cwa1] 27/5/2022 08:22

Not too shabby under the current difficult circumstances?



Mike O'Shea, Chief Executive Officer of Premier Miton Group, commented:

"This is a good set of results given the volatile market environment. Premier Miton is a well-diversified asset manager operating on a stable and sustainable platform with a robust balance sheet and, notwithstanding the more difficult market environment, our business is in good health. We are delivering strong investment returns for our fund investors with almost 90% of our funds outperforming over 3 years and 80% since tenure. At times of market stress there are substantial opportunities for genuinely active managers who have the courage of their convictions to run differentiated, long-term, and focused portfolios by taking an agile and positive role in the capital allocation process.


"We remain focused on our medium-term goal of growing our assets under management to £20bn and beyond. We continue to develop our successful profile in the UK wealth management and independent financial advisory space as well as through our new distribution channel in the UK institutional market.

"We are committed to invest in the future of our business by hiring talented, high conviction managers to strengthen the range of funds we can offer investors. We are therefore excited to welcome a new Global Emerging Markets sustainable equities team. This represents an important strategic development, aligned with our objective to expand our investment strategies, as well as bolstering our range of dedicated responsible and sustainable investment products.

The outlook for investment markets remains uncertain and, in my view, this is likely to remain the position for some months yet. Our balance sheet strength and overall health of the business will allow us to focus on delivering superior investment returns for our clients through genuinely active investing during this volatile period. As and when investors decide to commit new capital to investment markets once more, I believe our strong, long term performance record places us in a good position to capture significant market share."

[cwa1] 22/3/2022 18:06

Octopus up another percent...

[riverman77] 07/3/2022 15:21

They're going to be seeing big fall in AUM (and therefore management fees and earnings) from equity market sell off and big outflows. They're biggest, most successful fund (Europeans Opportunities) has also been performing a bit poorly recently, so see no need to rush in here.

[cwa1] 07/3/2022 15:00

Urmmmm. MIGHT be something to do with there being a major conflict going on not too far from Europe's doorstep?

[gekks] 07/3/2022 14:48

Wonder why this has tanked recently

[cwa1] 10/2/2022 17:02

Decent volume going through today

[undervaluedassets] 26/1/2022 17:36

well I have graphed the funds under management by PMI on a non weighted basis and they are 4% off highs.

So given the falls here lately I expect this to recover strongly when the market turns as this already looks well overdone.

Opportunity.