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Until AUM update and 85p plus! GLA
18 days until half year results and AUM update. 85p-90p IMHO
£2.20 approx. I am going based on trend and AUMs. Miton will follow both PAM and IPX to the levels if AUMs continue to grow at rate announced in last update. Seriously undervalued.
What is the 2.20 mathematically based on?
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.
Hey Cheque,
I don't believe so.
Both PAM and IPX rose due to AUMs increase and were way ahead of MGR.
The problem with MGR was that they were not publishing AUM updates as frequently as PAM and IPX.
This is set to change in 3 weeks. Even if PAM and IPX are overvalued they are both still sitting above £2 per share.
MGR will rise and so will their AUMs and announcement will take this above 85p IMHO then onwards and up to the same levels of both PAM and IPX.
all imho
Drinking a Mojito as I type this :)
Investinvalue - have you considered that maybe IPX is over valued rather than MGR under valued (which may well be the case)?. You can not compare the two just on the basis of share price, you have to look deeper and identify why the share price has risen so much. One reason is due to the acquistion of Pax World in September last year:
https://www.stockopedia.com/content/small-cap-value-report-mon-18-sep-2017-ipx-fif-spo-vlty-219718/
Bear in mind also that if there is a market correction, which there will be at some time, then the likes of MGR and IPX are likely to be hit.
I like your enthusiasm. Whatever you have been drinking, I'll have a double!.
Good luck all
CM
MGR currently 65p
IPX currently £2.23
IPX in Jan 2017 65p rose to £2.20 in 18 months
MGR now 65p and expect a rise to the highs of £2.20 in 18 months.
No brainer here. Massive upside and last two-three weeks at this level.
ALL IMHO STRONG BUY HUGE UPSIDE!!!!!
Ready for September update and increase in AUM! SP to at least 85p IMHO
You may find the following article interesting. Although dated 9 July, I think it is still relevant:
https://www.stockopedia.com/content/small-cap-value-report-mon-9-july-2018-pkg-kbt-mgr-xpd-nbu-380519/
GLA
CM
Most of those trades showing as sells are infact buys. I topped up at 62.58 earlier as have a number of others looking at the trade prices.
GLA
CM
Volcano,
If people Buy on a comment from someone on this BB then they really have either money to burn or have not done their own research. I have a very good price and continue to increase my holding. This will come good as you say next month when AUM is updated. Good luck to all holders and always DYOR
Moron = Miton!; lol!. Really shows we should all read what we have just posted.
Glad/hope the issue is sorted. It is not the nature of this board to be calling each other names.
CM
I do have a holding in MINI but do not invest substantial amounts in shares with very small caps. I believe MINI will have more winners than losers, but for every Harvey Nash there will be an ENET, hopefully more winners than losers.
Apologies - predictive text. Should be increasing aim for miton.
investinvalue officiously you have bought MGR at much higher price what it is now and you are trying to convince people to buy it. give it a time it will come good. i have been here long time.
Why the Moron comment? Obviously I know what they are doing!!! Increase in AUMs is great for the company. That's my entire point! The increase in AUMs is exactly what will move this SP. Less of the moron comment please and DYOR
You do actually know they are holding these in funds for clients, not on their own behalf. Harvey Nash will make up a very small % within the fund so any increase will be a small fraction of 1 % primarily benefiting clients - obviously increasing aum for moron.
Under the terms of the Acquisition, each Harvey Nash Shareholder will be entitled to receive 130 pence in cash for each Harvey Nash Share (the "Harvey Nash Offer Price") and one interim dividend of up to 1.75 pence for each Harvey Nash Share which may be declared prior to the Effective Date (the "Interim Dividend"
MGR increased holding in June and saw this coming. BUY MGR today IMHO
12.1% of the company bought
MGR increased holding in Harvey Nash on 18th June 2018.
Today Harvey Nash has had a cash offer!
Under the terms of the Acquisition, each Harvey Nash Shareholder will be entitled to receive 130 pence in cash for each Harvey Nash Share (the "Harvey Nash Offer Price") and one interim dividend of up to 1.75 pence for each Harvey Nash Share which may be declared prior to the Effective Date (the "Interim Dividend").
STRONG BUT MGR! they are buying potential companies and making hefty profits. BUY MGR and follow their buying!
SP rise has started and will continue. Brilliant investment IMHO
Roll on AUM update!!!
SP come end of September? Top end but IMHO
Rosenblatt Group plc, an independent City law firm, announces that its interim results for the eight weeks ended 30 June 2018 will be issued on 18 September 2018.
Miton Asset Management Ltd own 12,630,000 shares in company equalling 15.8% of the company
You are welcome Pointy.
The announcement that they will be announcing AUM updates quarterly is very exciting. Look at IPX and PAM. This is where the SP of MGR is heading once we start receiving these updates. And looking forward to a good investment here with quite a big holding. Always DYOR and all my posts IMHO but see SP here of in excess of £3 per share medium term.
thank you for your post s
regards pointyhat