The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
There is always that possibility, given it’s a small player with £10bn aum. I think the M&A angle is another piece of the investment appeal here. More likely, it was the most oversold and Uk focussed asset manager, therefore benefiting from the market uplift of the last few weeks.
Up 30% in a month ,could it be a takeover target
Can't even get £1000 worth this morning !
PMI is re-rating nicely ahead of the results at the end of the month. Given the rebound in POLR shares recently when they reported inflows, there should still be scope for further price gain for PMI when that happens too?
Be interesting to see if they call this out at the results / positive outlook. Also keen to see if they hold the interim divi at 3p or thereabouts. Yield still 8%ish.
The yield is also attractive at around 7.5%
Great point. Hopefully there will be a sustained money flow back into UK small and mid caps, not just temporarily.
From a macro perspective, we need it. GLA.
PMI is pretty much a leveraged play on UK small and mid caps. Money is flowing back in to these at pace, so with a positive Q2 aum note a couple of weeks ago from PMI, the outlook seems fairly positive.
Why this rise? I mean, great to see of course, but it seems to be an out-sized move and not simply sector specific, as far as I can tell.
Satisfactory update. Token inside buy the other day. Would like to see some more meaty purchases in the next few days quite frankly, but regardless, happy hold at the time of print for me. Especially after the mid 50's purchase I made recently.
Nice when your timing is good (and in my case, often quite rare!) GLA.
I think POLR had a good announcement yesterday as well.
Plus recent director buy here.
A much more positive AUM announcement today, this must surely be a good time to invest, albeit with some risk but to me the risk/reward ratio is much better after these figures ?
Jeez - fat cats get fatter - meanwhile ordinary shareholders suffer further losses.
Was just investigating...
Data on the IC platform shows adjusted EPS-23, which for the year just gone was 8.8p. The FY dividend was approximately 68% of adjusted EPS at 6p. The forecast Adj EPS for 24 is 6p. In that case there is hope that they can pay another 6p out in my opinion. I think they will want to, and they certainly have cash reserves, and may wish to behave more like an investment trust, where they maintain the dividend on a 'bad year'. If they kept up with the 66% of AdjEPS, we would be looking at 4p full year. Still ok IMO and a yield of 7% at todays price.
Market screener which uses EPS (non adjusted) does not paint such a rosy picture, with EPS of 0.6p next year., so in real terms the dividend is not well covered. What ever happens, historically this provides a great yield, so even if it were lowered, the pay back will be in years to come, when at todays price you could be on a 20% yield. Seems the broker target here is 87p NTM. Mainly rated as a hold / buy.
I do not think the next one has been confirmed yet (not on their website anyway).
I know the last one in February was 3p. I was wondering about the one later in the year.
The final dividend was 3p and paid on 16th February. The interim dividend amount is likely to be announced in June and likely paid in August.
Do you know if the divident is staying at 3p or reducing to 2p. Someone said it was getting reduced, but haven't seen any news on it.
Added a few more, although possibly could have waited another week or so. Happy enough....at the time of print! GLA.
The share price is starting to look quite tempting to me now. Might put a buy order in and see if it hits....
I'll buy more then I have spare cash, so the longer the price stays low the better.
Yeah, pleasing to see. Not sure why really, but not complaining either :)
Pretty good volume. An II building a position perhaps?
Starting to climb.
Planing on increasing my holding that these prices divident is decent.
Everestingly
Agreed, I chose it for recovery over Liontrust as it seems an easier company to understan
I think it is also useful that commentators with large retail followers are also positive on pmi and the wider sector:
1. Paul Scott and the stockopedia team called out pmi last week, saying oversold, strong balance sheet, high yield (see small caps podcast last Saturday).
2. Paul Hill said he has recently bought for exactly the same reasons (see stockpickers from yesterday)