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price dropped back a little, so took the opportunity to buy a few at 128.8
Yup …. Took 136 looking for high 120s
This is performing nicely
Today's AGM should provide welcome insight into current progress, strategy and outlook here at PMI. Solid.
This should now comfortably head swiftly towards £1.50 before reconsolidating and revisiting £2.00 as market conditions favour the broad PMI exposure to risk.
Buying pressure is increasing nicely in anticipation of more positive news at the investor presentation on Feb 1st. The market and outlook is now clearly playing into the strengths of PMI management skills. It should see an escalating level of AuM as investors chase return on capital versus inflation.
Looks like start of big reversal from lows as investors seek broad-based products and look to asset managers with good growth platforms. Solid.
Goes ex div tomorrow; "Final proposed dividend of 6.3 pence per share.."
https://www.londonstockexchange.com/news-article/PMI/full-year-results/15740991
Didnt know about the tip, sliced a few at 116, as I thought it was getting away from itself.
Expected it to drop 6p after ex div, but it might not now. Still happy, was in originally at the year low 89p (traded that for profit and rebought at 93p). PMI done great for me, all since November.
you never know we could see £2 here again this year
Ex div date is friday for 6.3p. I am glad to have held here and see the sp recovering. investors money is moving back into Funds in general so we should see an improvement in FUM in Q1
The Telegraph,
Our tip of the year is ‘very cheap, very unloved and highly profitable’
Questor share tip: this fund management company is ideally placed for a bounce back when markets recover
I think you'll find PMI has been tipped today as Telegraph's share tip of the year for 2023!
A good plug in the Telegraph's Questor column probably helped.
I wonder if some of these investors are after the nice divi due on Friday (ex divi date). Certainly been a lot of trades.
This looks like a company going places IMHO.
even larger today , nice
TR1 over 3% threshold
Reported as sells but are they …..
I3E increased their dividend today and confirmed the payment for the next 12 months.
This caused the I3E shares to re-rate by almost 20% today.
Premier Miton hold 12% of I3E. I calculated the equity gain to be £10M from (20p to 24p).
They will also receive £243,300 per month in dividend payments from I3E.
https://www.lse.co.uk/rns/I3E/2023-budget-guidance-dividend-and-presentation-c4180nro5q0l5jc.html
Rysaffe Trustee Company (C.I.) Limited as Trustee of The Eastgate Court Trust,
now they hold more than 5%
Total proposed dividend for the year of 10.0 pence per share
excellent dividend and good results and more to come here
Huge divi
Very happy with those, Dividend maintained and CEO says money coming back in to funds.
I bought this twice, once at 88p and sold for 98p, then watched it retrace to buy them at 92p this week. What a bargain, this is now offering me a 10.8% dividend yield.
BOOM