The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I think this company will be well placed going forward. All advice targets cheap funds and these baby's have good performance coupled with a low price. Cheap isn't always good but the shares and company will head in the right direction I promise you. Should all start this next week but longer term they'll pull market share from your Hendersons/ Jupiters/ M&G's etc. Bring it on ..... 40p summer 2016.....
Hi all. I have added a few of these to my portfolio. They seem to be good value and have funds which are performing well.
Tomorrow the 28th... 'Not in at mo' having taken the Dividend & 27% profits in late April...
On my sub 22p buying in price... You go girl :-)
& 4 times the average volume... 'Twice as many buys as sells.... 'Goes Final Ex-Dividend tomorrow for 0.6p ( 2.4% )
Ten times the average volume today... More buys than sells & 24p paid...
'Probably stay in for the 0.6p dividend & let half roll after that, maybe... Not impressed but not totally surprised ;-) CNKS & GMD seem much better bets for me right now... GLA & Best Regards, Blue
Ummm....not so great results then...MeH! LoL
Double the average trades volume today & some strong buys coming in now... GLA & Best Regards, Blue
....March 30th
Now 8 times the Average volume & only one significant sell!
...just gone in today... ...4 x the average volume, already before lunch! ...consistent heavy buying in the last few days... Finals due any day soon , so topped up a bit meself... GLA
Sub 22p to buy at the mo...so picked up a wee tranche... GLA & Best regards, Blue
http://www.iii.co.uk/articles/219698/stockwatch%3A-geared-play-follow
Evening Cliveas, 'Decent director buys today & well above average volume... Not sure I will get my desired early 20's buying in price? VBR, Blue
Top and bottom of it is they have well respected managers and this could be a change in the sp trend especially if funds wish to get back in. Will check the Sunday Tabloids for more info. GL ATB but I think this has some legs yet.
Fund management group Miton (LON:MGR) has had a couple of months being wildly out of fashion but it was back in with the in-crowd today. An end-of-year trading update revealed a major turnaround in the performance of Miton’s multi-asset funds, while the Miton Income Fund delivered a much improved performance within the Miton stable. Shares are up 22% today but remain down 20% over the last three months. Miton Group is also doing well after it said it expects to pay a "good and growing dividend" for its last financial year, as it reported a rise in cash balances and said that adjusted pretax profit, which excludes amortisation, exceptional items and certain matters of taxation, is in line with expectations. George Godber and Georgina Hamilton – Miton UK Value Opportunities As former colleagues of Henry Dixon, this pair share the illustrious track record of Matterley Undervalued Assets. George Godber and Georgina Hamilton (pictured) are now at Miton, where they have run the similar UK Value Opportunities fund since March 2013. Although they are talented in their own right, said Laith Khalaf of Hargreaves Lansdown, they should also learn from their colleagues such as Gervais Williams, an established star fund manager. “Miton may be small but it is steeped in pedigree,” Mr Khalaf said. • One-year return 11pc; sector average 3pc Gervais Williams, managing director at Miton Group plc, was Investor of the Year at Grant Thornton’s Quoted Company Awards in 2009 and 2010, and in 2014 he was What Investment Fund Manager of the Year.
Yes surprised at how little interest there is in this.High on the riser board but no input on the bb? Expect the city will be over this next week and hope for some coverage in the weekend press. Also await updated broker targets last was 35p. Looks to be recovering quicker than expected improved cash position and increased dividend. ATB
Well played Cliveas... I have my eye on this one & may well join you if she temporarily eases to the early twenties again' Best regards, Blue
Nice delayed 121k buy!
Now 670k mostly buys L2 indicating next move up Had a punt as think this will move up at least way over 30p aimho.
LONDON (Alliance News) - Miton Group PLC Friday said it expects to pay a "good and growing dividend" for its last financial year, as it reported a rise in cash balances and said that adjusted pretax profit, which excludes amortisation, exceptional items and certain matters of taxation, is in line with expectations. The group also set its sights on growing assets under management after difficult year for the fund manager, during which it sold its Liverpool business, saw the loss of a GBP300 million segregated mandate following the retirement of veteran fund manager Bill Mott, and warned on profit. Reporting a 34% fall in assets under management to GBP2.05 billion over the course of 2014, of which GBP438 million related to the sale of its Liverpool business to Seneca Investment Managers Ltd last January, the AIM-listed multi-asset and equity fund manager said the business is focused on achieving assets under management growth in the current financial year. Cash balances grew to GBP15.2 million at the end of 2014, compared with GBP11.2 million at the end of the prior year. In addition, Miton said that David Jane and his team have delivered a "major turnaround" in the performance of the group's multi-asset funds, while the Miton Income Fund has delivered a "much improved" showing. "As markets have become more challenging, the differentials of our fund strategies have become more relevant," Miton said. The group said its strategies are "specifically positioned" to deliver premium returns in the current market environment. "Three years ago Miton first highlighted to clients how world growth could slow in spite of exceptionally low interest rates, considerable budget deficits and major injections of liquidity into asset markets via quantitative easing. The major falls in commodity prices underline just how much expectations for world growth have now moderated," Miton said. Miton shares were up 9.4% at 21.88 pence per share.
Compared to trading update in November looks like the performance has greatly improved much quicker than thought! Cash of 15.5m (forecast 13m) improved divi profit recovered to in line with market expectations from significantly less than market expectations One of their funds : The CF Miton MultiCap Income Fund is the top performing UK income fund over three years and has grown to £356m. Since launch the performance of the CF Miton UK Value Opportunities Fund has been top decile and the fund is particularly attractive given its very low volatility and other risk metrics. Other single strategy funds continue to attract inflows as anticipated. In the ten months to 31 October 2014 Miton achieved gross sales of £630m. Looks like this David Jane knows his stuff and is attracting funds to replace those lost quicker than anticipated. All for mcap less than 40m oh and directors and asset management fund have added since Nov update. Rerate to over 40p anyone.
Miton Group plc (the "Company" or "Group"), the AIM quoted fund management group, today announces a trading update covering the financial year ended 31 December 2014 and notice of its final results. Key Points · Assets under Management ('AuM') were £2,050m at 2014 year end (2013: £3,098m). The reduction includes £438m of AuM relating to the sale of the Liverpool business. · Adjusted Profit* before tax for the year is in line with expectations. · Cash balances were £15.2m equating to approximately 8.8p per share (2013: £11.2m). The Company expects to continue to pay a good and growing dividend. · Whilst retaining their commitment to capital preservation, David Jane and his team have delivered a major turnaround in the performance of our Multi-asset funds. · The Miton Income Fund (formerly the PSigma Income Fund) has delivered much improved performance within the Miton stable. It is currently first quartile over the last year. · As markets have become more challenging, the differentials of our fund strategies have become more relevant. The business is focused on achieving AuM growth in the current year. David Jane, Fund Manager said: "We have received tremendous support from all parts of the Group. There is a huge opportunity here at Miton." Assets under Management There was a reduction of £438m of AuM with the sale of our Liverpool business at the end of the first quarter. During the year, Miton appointed David Jane to run our multi-asset funds and acquired the £46m Darwin Fund he previously set up. We also acquired the £61m Matterley Undervalued Fund from Charles Stanley that was previously co-managed by George Godber. The adverse performance in our multi-asset funds led to a sharp increase in redemptions towards the end of H1. Since then the major improvement in performance has gradually reversed the trend in redemptions and will bring renewed inflows in time. Net outflows in the period were £503m. Following the PSigma acquisition in July 2013, Miton Income has enjoyed greatly improved performance. However, the July 2014 announcement of Bill Mott's retirement triggered the loss of a £330m segregated mandate and two sizable redemptions from the Miton Income Fund. Over 2014, Miton funds attracted £708m of gross inflows. In the current year, we have a wider range of funds that are well placed to deliver attractive returns for clients. In addition, we are developing initiatives to set up new funds with distinctive Miton strategies. Funds Flow Summary Opening AuM 1 January 2014 £m Inflows £m Outflows £m Net flows £m Other (including market) £m 'Liverpool' sale on 31 March 2014 £m Closing AuM 31 December 2014 £m Equity funds and investment trusts 1,287 606 (474) 132 84 (56) 1,447 Multi-asset
Just came across this interview with Gervais Williams which gives some insight into his thought process. http://bit.ly/1xPgGHE Quite informative