Premier Miton Share Price (PMI)

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.