Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The Group will announce its results for the half year to 30 June 2018 on 24 September 2018. With effect from 30 September 2018 the Group will report its unaudited statement of AuM on a quarterly basis.
Have just bought another load here. Massive potential upside as previously mentioned.
Volcano,
I'm not too sure what your issue is but If you spent more time researching rather than posting drivel then I suspect you may make some money. You ask me why I am hre? Where is here?
Stop focussing on my posts, DYOR
I am invested, about to invest or have invested in each of the companies I post about on the BB.
I know what I know through researching companies and reading. Looking at your posts I would suggest you do the same rather than copying and pasting my posts??
Investinvalue ,with so much knowledge about every company i wonder why you are here instead of sunning it in the Bahamas. Like i have said it before jack of all trades master of none.
RRRAny light?Today 12:31
Is there ever going to be any return ever for any shareholders here? What projects are in the pipeline that could get this SP to a decent level?
What happened to Greenland? Is it still in the pipeline?JPRTaffToday 11:59
Where did you get the £40 million profit per year from?
Also where is this news of a deal Mrbrown?
If both statements can be supported then great but please enlighten me?JPRMaking false statementsToday 11:54
like stating £40 million profit is shocking. If someone bought on that spur of the moment then they would be locked in due to the current spread.JPRQuestionToday 11:52
Income Statement:
In £millions over last five years:
Revenue: 201.62 222.70 242.08 268.82 289.98
Profit Before Tax: (94.97) (300.68) 2.18 (23.92) (291.44)
only in profit 1 year over 5 years? Made a loss 4 out of the 5 and huge losses. Hence the current SP.
Why have you stated that they have made £40 million profit???JPRRE: 10M market capToday 11:45
And a loss before tax of £95 millionJPRRE: 10M market capToday 11:44
I can see an operating loss of £51 millionJPRRE: 10M market capToday 11:41
Hi Taff,
Where did you get the £40m profit per year from?CPINice RiseToday 11:33
Steady rise looking good.ITMKeep addingToday 11:22
The current low SP is a huge opportunity to add. Awaiting funds to top up on holding but SP looking attractive!SXXBreakoutToday 11:20
35p and rising. Gets more exciting each day.CEYNext on my listToday 11:20
Looking to BUY a big chunk here when I have the funds. Nice divi and potential upside SP of £1.70+PREMNot for meToday 11:16
Thanks for the info but this is not for me.
Good luck to all with your investment.PREMRE: PeopleToday 10:33
Thanks Silver and when is the planned sale of Zulu?PREMRE: PeopleToday 10:30
Saw this in IC article this week. What is potential upside here?MGRAUMs to be reported quartelyToday 09:33
Progress
· Continued expansion of the Group's fund range with the launch of the LF Miton Balanced Multi Asset Fund on 29 January 2018 and the LF Miton US Smaller Companies Fund on 14 March 2018
· 13 out of 16 funds are first or second quartile performers since manager tenure to 30 June 2018^
· Seven consecutive quarters of positive net flows
David Barron, Chief Executive Officer of Miton Group plc, commented:
"The first half of the year saw continued strong organic growth and momentum within the business. We have seen positive net inflows across a wide range of strategies and good long-term performance. As noted in the Pridham Report, the Group achieved the 7th highest net retail sales in the UK in the first quarter of 2018. Our genuinely active strategies have increasing relevance, we were delighted to be nominated for the Investment Week 2018 Specialist Fund Management Group of the year and to also have two of our funds shortlisted for being best in their sectors with the LF Miton US Opportunities Fund winning. The outlook for the financial y
Progress
· Continued expansion of the Group's fund range with the launch of the LF Miton Balanced Multi Asset Fund on 29 January 2018 and the LF Miton US Smaller Companies Fund on 14 March 2018
· 13 out of 16 funds are first or second quartile performers since manager tenure to 30 June 2018^
· Seven consecutive quarters of positive net flows
David Barron, Chief Executive Officer of Miton Group plc, commented:
"The first half of the year saw continued strong organic growth and momentum within the business. We have seen positive net inflows across a wide range of strategies and good long-term performance. As noted in the Pridham Report, the Group achieved the 7th highest net retail sales in the UK in the first quarter of 2018. Our genuinely active strategies have increasing relevance, we were delighted to be nominated for the Investment Week 2018 Specialist Fund Management Group of the year and to also have two of our funds shortlisted for being best in their sectors with the LF Miton US Opportunities Fund winning. The outlook for the financial year as a whole is encouraging."
The Group will announce its results for the half year to 30 June 2018 on 24 September 2018. With effect from 30 September 2018 the Group will report its unaudited statement of AuM on a quarterly basis.
STRONG BUY
10th January 2017
IPX share price was 64.50p with an AUM of £5 Billion
10th January 2018
IPX share price was £ 1.93 with an AUM of £8.2 Billion
27th July 2018
MGR current share price 66.60p with an AUM of just shy of £5 Billion
27th July 2018
MGR with a share price of £1.98 and an AUM of £ 8.6 Billion circa.
Watch this space. This is purely my prediction but looking at AUMs the active management I would say this is a SOLID INVESTMENT.
STRONG BUY
Should read MGR SP at 66p. Even better!!
Look at similar companies and the MGR SP in comparison with AUMs.
MGR: SP currently at 68p with AUMs at £4.5 billion
IPX: SP currently at £2.47p with AUMs at £11.7 billion
PAM: SP currently at £2.90p with AUMs at £7 billion
MGR undervalued and with AUMs increasing 35% last year I know where I am investing. MGR is by far the best value for money and this opportunity to buy at this price will not last long IMHO. DYOR ALWAYS..... AND GOOD LUCK.
Hi there Cheque,
Yes I was referring to the LSE site or share chat sites in general.
This company has huge upside. And if AUM increase to £7 Billion I see at least an SP of £1.50p and AUMs reach £11 Billion then I see no reason why SP will not be in excess of £2.20p+
Looking back at your post, perhaps you meant LSE site rather than relating it to MGR, in which case you would be correct. Apologies for any misunderstanding.
CM
Don't know where you got your:
"Some rampers come on this site saying multibagger, you will get returns 10 times what you invest etc. etc. Not me."
I have looked back over posts going back 3 years and can see no one suggesting anyone would get returns 10 times what they invest. Infact, the only poster suggesting any multibagging at all is........you, at 4 times. To suggest the share price is likely to be over £2 within 12 months is being mighty enthusiastic and rather fancyful imo; although I will be happy to be proved wrong.
I am more than satisfied if any share price rise is steady.
Good luck
CM
Wow - you have been a busybody .
I have just placed another huge Buy at 68p. Hoping to get it filled. I have researched this company and very happy with future outlook. P
Some rampers come on this site saying multibagger, you will get returns 10 times what you invest etc. etc. Not me.
Invest here and you could turn £10g into £40g maximum.
Or if you are a big investor £100,000k into £400,000k
I see this as a real investment and a real gain. Not speculative but a real opportunity to make money.
Since I started buying shares in companies I have seen the good the bad and the ugly.
Not in that order: Those looking for quick trading gains and ramping a share, those who have no shares but want the SP to drop further buy in price, losing money on shares because I have spoken with the Chairman personally who has given false promises and lost a lot. Never again. Value investing is the way forward.
This however is a company with fundamentals and huge upside which investors will make money on and I hope that all who invest will gain. The SP is undervalued. I look at undervalued stocks and shares and this is one of the best.
Always DYOR and Good Luck.
Elsewhere on London's junior market, investment manager Miton Group shot up 12.4 per cent, or 7p, to 63.5p after announcing that investors had piled £616million more into its funds in the first half of the year.
Momentum building at Miton
Aim-traded asset manager Miton Group (MGR:40p) has not only posted a major earnings beat for 2016, but the company has also announced that assets under management (AUM) have increased by £192m to almost £3.1bn in the 10 weeks since the financial year-end, supporting expectations of another robust year of earnings growth.
In the 12 months to end-December 2016, pre-tax profits rose by 70 per cent to £5.1m to produce a doubling of diluted adjusted EPS to 2.4p, significantly higher than the 2.1p anticipated by analyst Stuart Duncan at house broker Peel Hunt. Moreover, with net funds increasing by more than half to £21.3m, a sum worth 14p a share, the board has rewarded shareholders with a near 50 per cent hike in the dividend to 1p per share, or 25 per cent higher than forecast, in addition to spending £2.5m purchasing 6.6m shares for cancellation in an earnings accretive buyback in the first two months of this year.
Interestingly, Mr Duncan is conservatively factoring in year-end AUM of £3.3bn, only 5 per cent higher than current levels, in his 2017 pre-tax profit estimate of £5.4m. In view of the supportive equity market backdrop, the fact that the performance of eight of Miton's 14 funds are in the first quartile for their sectors, and that the asset manager will be launching a new global infrastructure fund this week, I feel the investment risk is skewed to the upside here. Indeed, I feel there is potential for a number of funds, including both the US Opportunities funds (AUM of £238m) and the 15-month old European Opportunities Fund (AUM of £82m), to build on strong fund inflows and their impressive investment performance.
In the circumstances, it's hardly surprising Miton's shares have rallied since I rated them a buy at 31.5p in the autumn ('On the financial beat', 25 October 2016), and subsequently reiterated that advice at 36p post the pre-close trading update ('In the ascent', 23 January 2017). In fact, the share price is now 73 per cent ahead of the entry point when I first spotted the earnings recovery potential a couple of years ago ('Poised for a profitable recovery', 4 April 2015). There is potential for more gains to come too and not just on valuation grounds as from a technical perspective there is no overhead resistance until the December 2013 high of 50p.
Offering 25 per cent upside to my new target price of 50p, valuing the equity on a reasonable 12 times conservative net profit estimates after adjusting for cash, I rate Miton's shares a strong buy.
SHOULD READ:
Question: Where do you think MGR will be in 12 months with their AUM? I predict at least ££2.20 per share.
apologies for the typo.
SPs:
PAM: £2.85
IPX: £2.30
MGR: 0.68p
AUM:
PAM: £7 BILLION
IPX: 11.7 BILLION
MGR: 4.5 BILLION
Question: Where do you think MGR will be in 12 months with their AUM? I predict at least 7 million and a share price of at least £7 million.
Share Price will be at least £2.20 per share.
Huge upside. Buy at 68p per share.
IMO GLA!!
Miton Group
Miton is another asset manager with a streamline range of funds and investment trusts. It runs a suite of multi-asset offerings, in addition to its US, UK and Europe-focused equity vehicles. They are all currently performing well, which Henderson says is helping them grow assets under management. Assets grew by almost a third in the year to 31 December 2017.
But that hasn’t always been the case. In 2015, its multi-asset funds went through a period of outflows which was remedied by the acquisition of Darwin. That purchase brought fund managers David Jane, Anthony Rayner and Henna Hemnani in to run the mandates.
Further outflows followed in its UK Value Opportunities fund when George Godber and Georgina Hamilton left, but new manager Andrew Jackson has reversed that. Now, it seems to have stabilised its team of money managers.
The firm has also slimmed down the board, promoting David Barron to chief executive and appointing former CMC Markets boss Jim Pettigrew as chairman last year.
In that time, margins have shot up from 6% to 25% with final results in May finally lifted the share price back to 50p, a near-five-year high.
It has around £20 million of cash on its balance sheet and last year paid a dividend of 1.4p, up 40% on the previous year and converting to a yield of 2.7%. “That should grow quite well,” adds Henderson, who owns the firm in his Henderson Opportunities Trust (HOT).
At 14 times last year’s earnings, Miton is more attractively valued than Impax. In fact, while the stock has doubled since Graham Bird, manager of Gresham House Strategic (GHS), bought it, he still thinks it’s undervalued.
“It’s still only valued at less than 2% of assets under management compared to other businesses which are on 3.5%,” he explains.
Miton is another where, according to Bird, “there’s a reasonable chance it will be consolidated at some point”. “I’d be surprised if they haven’t had at least one approach, the question is whether Gervais wants to work with someone else.”
What an exciting company.
Bought in after researching. This company has net inflow of £616 million for the first half of the year.
If you compare that to Impax Asset Management who had only £331 in Q1 and £200 million in a quarter 2= £531 million.
IPX has £11.7 billion AUM
MGR has 4.5 billion AUM
Significant upside here and growth in AUM of 35% is incredible.
motoring now
Peel Hunt Raises Miton Group (MGR) Price Target to GBX 73
Baseball Daily Digest-2 hours ago
Miton Group AuM Rises On Increased Net Fund Inflows
Mon, 9th Jul 2018 10:16
LONDON (Alliance News) - Fund manager Miton Group PLC said Wednesday that a tripling in net inflows in the first half of 2018 helped to increase its assets under management.
Assets under management as at June 30 stood at GBP4.54 billion, up 35% from GBP3.35 billion the year before, which comprises GBP616 million in net inflows, more than triple from GBP195 million the year before, and GBP100 million added by market and investment performance.
During the period, Miton expanded its fund range with the launch of the LF Miton Balanced Multi Asset Fund in January and the LF Miton US Smaller Companies Fund in March.
"The first half of the year saw continued strong organic growth and momentum within the business. We have seen positive net inflows across a wide range of strategies and good long-term performance," said Chief Executive Officer David Barron.
"The outlook for the financial year as a whole is encouraging," Barron added.
Shares in Miton Group were up 6.0% at 59.88 pence on Monday.
looks like 50p is history, nice.
Followed miton for some time now : initially this was as I held some of their investment trusts in my sipp. Have bought and sold and kept the gain in shares, most recently 20k below 36p mid November a couple of months after a director buy in the 40s and with a nice dividend due. Believe 50p now looks the baseline going forward.