Premier Miton Takeover Rumours (PMI)

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!

(Sharecast News) - Wealth manager Brooks Macdonald is reportedly working with a defence adviser on its strategy amid takeover interest. Reuters cited three people familiar with the matter as saying that the company, which oversees close to £17bn in client assets, has lined up investment bank Raymond James. Raymond James has had a longer-term mandate for financial advice which recently developed into defence strategy, one of the people said. Reuters said it was unclear whether any approaches have been made. At 0955 BST, the shares were up 5.5% at 1,740p.

I've always felt they were a strong takeover candidate, problem was I started buying too early so have done nothing but average down the past few months. Looking at the volume something is surely afoot...

It’s a coiled spring. Fundamental valuation is 20-30% higher based on peer comps. Wild card would be an opportunistic takeover by a bigger fund manager