Member Info for semmi

It's still much undervalued, the regions they operate in are underpenetrated, growth markets and they are the market leader. The high returns will continue to compound, you should continue to see share price appreciation.

I'm expecting a small decline in profits and AUM, dividend maintained, no buybacks. When there are questions about whether they can maintain future dividends, I think it's very unlikely they will buy back shares. Would love a surprise tho.

Millennium reduced their short position from 0.60% to 0.49% last Friday!

Wow did not know Mark owns LIO, that's good to know! What I want to see is the AUM decline stabilising, and hopefully only slight decline in adj operating profit. I had the same thoughts when I checked their funds, well the good news is cost efficiencies savings of 6m, but with 4.5m costs incurred for the program

Does anyone know much about Premier Miton? They released their results, and the stock did so well. Have looked at their statement and they were resilient, profits and assets down but only slightly. It was just a brief read however, don't know too much about the history so can anyone shed some light on whether they are similar to Liontrust and whether any forecasts can be made from PMI's results. They did not provide a breakdown of their fund source by retail/institutional so couldn't gauge whether its as retail-heavy as LIO. PMI's investment strategies do look more diversified and resilient tho so they have strength there

Management has promised the final divi, and then there's more than a year's time to consider the next divi cycle. A lot depends on the market environment and we have seen better prospect - for now. However, does this warrant a 20% div yield? This gives a comfortable buffer for investors at the current price. They have a good balance sheet, and will be able to ride out the tough market

Fantastic business now trading at a wonderful price. Been eyeing this for awhile now, entered into a position at c.548p. It's known FY24 would be a tough comparison because of the Sarah j boost, nothing too big of a surprise there. Give them some time, sit back, and revisit in five to ten years time, it is a compounder stock

Entered a big position at 372.5. Fellow LIO long time holders, is this a good bargain/what is your target?

Sekforde, the Q1 FCF hasn't taken into account taxes and full capex hence the high number. You cant just extrapolate to an annualised figure

Is tomorrow the day for the trading update? Same time last year? their financial calendar really needs updating......

What happened towards closing? All gains just wiped out??

Can someone help me understand this?

Is the reason they hold so much cash on their balance sheet to cover the provisions of 40+m as the provisions are non-cash and the cash they hold are the money the put aside for that?

Actually... provision and cash contras and net worth stays the same... but just thinking they always have to have cash on hand for provision outflows

Sorry calculation should be 11000k for increase in net cash, not gross. Please correct my understanding if its wrong.

I am invested in the company at around ~30p, however, a few thoughts sprang up that make me think I don't have a good margin of safety. While the company is sitting on a comfortable net cash at around 65m according to the recent trading update, the net provision is still a whopping 44.7m. Net provision is non-cash accounting for future obligations but this will present future cash outflows, assuming their judgment is accurate. So, WJG will always have to have comfortable amounts of cash at any given point but a huge amount is to prepare for the cash expense of the remediation works.

Conservative calculation will remove the provision and cash outflow from the tangible net worth of the company.

Rough calculation:

Using HY24 figures, 132012 (equity) - 11326 (intangibles) - 44700 (cash outflow for net provisions) + 13000 (increase in gross cash per trading update) = 88986k tangible net worth

That translates to 34.7p.

Once the cloud over funding is over, another important point is the forward sales market and how WJG diversifies its income streams that's important. I would like to see directors coming up with more innovative funding and transaction structures.

Thanks. What's everyone's thoughts on holding the shares? I do think this is a pivot from the oversold position and should climb back to its former price range (at least >600P). Shares seem to trade in 520 - 560 range recently. My only biggest concern is we are just experiencing a short term rebound from the crash on Monday and even if Yougov is performing much better now it will get dragged down in the bear market.

Any idea if the big OTC trades are buy or sell orders? It just says unknown

How are the last few trades exchanged at 517p and google finance is showing 517p closing??

Hey, can anyone here let me know how long it took for your broker to process your order on this stock and in that case what broker you use? Send out my order on T212 for quite some time but couldn't get my order filled.

Appreciate your help

Lets f goooooooooo