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Miton director builds stake following year of 'significant' organic growth

Tue, 22nd Apr 2014 15:42

David Barron, the Director of Investment Trusts and Product Strategy at Miton Group, an AIM-listed fund management company, has purchased 280,000 group shares.Barron spent 45.58p on each of the shares, spending a total of £127,624.The deal comes a month after the firm posted said annual pre-tax profit slipped despite net revenue jumping 29.3% year-on-year. The group also revealed that its assets under management at the year-end had soared from £1,786m to £3,098m. The group explained that during the year, it stepped up its investment strategies, delivering "significant" organic growth. It also reported a "good start" to the current year, and said it looked forward to "a year of further progress". Top Director BuysBlackstar Group SE (DI) (BLCK) Director name: Mr Andrew BonamourAmount purchased: 361,980 @ 65.00p Value: £235,287Miton Group (MGR) Director name: Mr David BarronAmount purchased: 280,000 @ 45.58p Value: £127,624Hazel Renewable Energy VCT 1 (HR1O) Director name: Mr Ben GuestAmount purchased: 91,739 @ 108.91p Value: £99,913Hazel Renewable Energy VCT 1 (HR1O) Director name: Mr Michael CunninghamAmount purchased: 86,956 @ 114.90p Value: £99,912Afren (AFR) Director name: Mr Iain McLarenAmount purchased: 30,000 @ 142.80p Value: £42,840Hansa Trust (HAN) Director name: Mr Lord Oxford Amount purchased: 1,850 @ 928.00p Value: £17,168Hansa Trust 'A' Non Voting Shares (HANA) Director name: Lord BorwickAmount purchased: 1,850 @ 904.00p Value: £16,724Sinclair Is Pharma (SPH) Director name: Mr Robert Stuart SwansonAmount purchased: 50,000 @ 30.50p Value: £15,250W H Ireland Group (WHI) Director name: Mr Rupert J G LoweAmount purchased: 10,000 @ 108.00p Value: £10,800Top Director SellsW H Ireland Group (WHI) Director name: Dr Richard LeeAmount sold: 30,000 @ 108.00p Value: £32,400
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24 Jan 2014 10:11

Miton Group proposes sale of Liverpool fund management business

Miton Group has proposed the sale of its Liverpool fund management business Miton Capital Parners to Seneca Investment Managers for up to 6.4m pounds. The move comes after a review of the Liverpool arm showed there was "less prospect of rapid growth" of assets under management compared to other are

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24 Jan 2014 08:15

UK MORNING BRIEFING: Shares Open Higher On Interest Rate Assurance

LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.

Royal Mail has reported a 2% increase in like-for-like revenues for th

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16 Jan 2014 16:19

UK shale gas firm IGas climbs as CEO indicates confidence

IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in

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16 Jan 2014 14:10

DIRECTOR DEALINGS: Miton Executive Sells 760,000 Shares

LONDON (Alliance News) - Miton Group PLC Thursday said Executive Director Martin Gray sold 760,000 shares in the company at a price of 45.96 pence per share on Wednesday. The company said the roughly GBP350,000 proceeds made by the deal will be used primarily to fund subscription costs and

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30 Sep 2013 15:09

UPDATE: Miton Income Shareholders To Gain Diverse Income Trust Shares In Merger Deal

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30 Sep 2013 13:29

Miton Income Shareholders To Gain Diverse Income Trust Shares In Merger Deal

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6 Sep 2013 10:09

Miton Worldwide Growth Investment Trust NAV Up; Borrowings Unchanged

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3 Sep 2013 12:50

Miton Group Appoints New Investment, Product Strategy Chief

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