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PMI Premier Miton Group Plc

70.50
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier Miton Group Plc LSE:PMI London Ordinary Share GB00BZB2KR63 ORD 0.02P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 70.50 106,979 08:00:00
Bid Price Offer Price High Price Low Price Open Price
69.00 72.00 70.50 70.50 70.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 74.45M 3.68M 0.0247 28.54 105.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:15:18 O 1,500 70.80 GBX

Premier Miton (PMI) Latest News

Premier Miton (PMI) Discussions and Chat

Premier Miton Forums and Chat

Date Time Title Posts
20/6/202411:01Premier Miton Group361
06/11/201313:12Petromanas Energy Inc....... 250% + Returns in 2months ?26
21/8/200108:36PRE MARKET INDICATOR1

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Premier Miton (PMI) Most Recent Trades

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Premier Miton (PMI) Top Chat Posts

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Posted at 22/6/2024 09:20 by Premier Miton Daily Update
Premier Miton Group Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker PMI. The last closing price for Premier Miton was 70.50p.
Premier Miton currently has 149,000,000 shares in issue. The market capitalisation of Premier Miton is £105,045,000.
Premier Miton has a price to earnings ratio (PE ratio) of 28.54.
This morning PMI shares opened at 70.50p
Posted at 30/5/2024 13:45 by owenski
They increased AUM by buying it in. Organically, they've still got outflows.

Didn't see anything to support buying this, lots of fluff for future ambitions as yet to be realised.

Not worth buying for an 8% yield when that is easily lost in a share price decline.
Posted at 30/5/2024 08:06 by riverman77
We already knew AUM was 10.7 bn at 31 March. Given how strong markets have been since then it's disappointing that AUM as of today is only 10.8bn - this suggests outflows have continued. Sold a couple of days ago for 50% gain - this felt more than enough for what is a pretty mediocre company.

Also not keen that they exclude share based payments from adjusted profits - these are a real cost of business and I would add back in. Not as cheap as it looks when making that adjustment.
Posted at 23/4/2024 10:24 by jeffian
Yes, sorry, I wasn't implying a direct financial benefit to PMI just that any benefit to the funds they manage must help them.
Posted at 22/4/2024 21:33 by dexdringle
I assume PMI hold these things on behalf of their fund unit holders and not for their own benefit ? It will therefore benefit their clients (by way of fund performance) but is of no benefit to their shareholders....
Posted at 22/4/2024 19:17 by jeffian
I note that PMI has disclosed a 1.53% (3.013m shares) holding in Tyman group, up 35% (£1.02/share) today on agreed takeover news. Every little helps!
Posted at 12/4/2024 18:20 by riverman77
I wouldn't say the update was anything of a surprise - still seeing outflows although as expected market movements helped to offset this. Not a huge fan of PMI as funds looks pretty average and generic, but did decide to take small position couple of weeks ago at 54p as felt too cheap. Will probably hang on as the sector seems to have some momentum now as flows expected to gradually pick up. Have a much bigger position in POLR which I think is a much better outfit and more specialist funds.
Posted at 12/4/2024 14:14 by undervaluedassets
Well the news from the company today flies in the face of what a lot have been saying on this board.

As the mood music has been so negative here ...a reflection largely of the share price.. the update today has come of something of a surprise .. and we have been rewarded with an 8% leap in the share price.

PMI are not the only ones seeing some share price accretion after an extended downturn. Liontrust also doing somewhat better as is the much downtrodden LTI.

Asset managers have a very strong beta and are in my opinion are largely oversold.
Posted at 28/3/2024 09:47 by riverman77
Any reason for the recent further weakness? As you can see from my previous posts, I'm not much of a fan, but I guess everything has a price, and PMI do have loads of cash (so the double digit dividend should be secure for the foreseeable future).
Posted at 26/2/2024 18:03 by eigthwonder
I would be very interest in reading the John Authers article, but here is my take. Mid cap trackers have an in-built advantage in that they bank profits of promoted companies but FTSE 100 has had a habit of blow ups and disappointments from its largest companies - remember VOD was over 10% of the index at one point and has frittered away taking index performance with it. Active fund managers, including PMI managers, tend to be underweight the largest companies as to outperform an index you have to look different from it, and betting against the largest constituents is a sure way of doing that. Passives therefore have problems of owning highly priced disappointments which have a disproportionate weighting, and there is a sound argument that at some point so much money is held in passives that active managers will be able to outperform due to increased price inefficiencies from lack of research. But.....I am not convinced we are there yet - if you are a global asset allocator, why bother taking a 50:50 chance on an active manager when you can guarantee parity against the index through a tracker, why bother sticking your neck out on (say) an apparently cheap market which is just off the mainland of Europe when your call on Apple alone within the S&P is more meaningful? The largest companies in the largest market with the largest passive share (I think) are now so dominant they have a degree of self-perpetuating momentum about them. So active managers who have a tendency to bet away from the largest companies face an uphill battle to re-attain their place in asset allocators' minds. BTW The logical corollary to this is...if the largest companies are to underperform it will be because there is a meaningful exit from equities as a whole.
Posted at 01/11/2023 18:55 by dexdringle
They shouldn't be doing any purchases with shares until the share price is at least twice what it is now (which would still be only half of the peak share price)
Premier Miton share price data is direct from the London Stock Exchange