Member Info for Sisyphus

As I suggested, serious money is now targeting PMI with 10k share parcels being bought on the bounce. There is only so long that a sensible £2.11 item can be sold for less than £1.00 for goodness sake. The penny is finally dropping that this is a hoot of a bargain at this basement price... happy to keep buying and patient to watch it grow. Solid.

I suspect that 'serious money' is now being targeted at PMI.

Perfect hand for those holdi.g at this level. Bounce back time beckons??

Just a hunch.....we are that close......

As each day passes and we get a dip the elastic is being wound tighter and tighter until one day either today, tomorrow or in the very near future, it will release and we will see double digit jumps. Just a matter of time.

As it's not in the big FTSE's there is no indication of any short selling but I am sure this is being driven down against all logic by a hedge manager. The good thing is that we are now at the position where a sharp reversal could/should occur as any short is rapidly closed against a precipitate rise. There have been no disclosures from major institutions excepting Fidelity in January so confidence in PMI is as strong as one would expect giving more than adequate upside potential for all at this level. Certainly any bid would have to be well north of £1.50. Like you say, Slater Investments have a good nose for intrinsic value and are comfortable weathering dips like this as they have already researched the upside which looks very strong at £2+ on all the Math I stated earlier. Solid.

Very impressed by a lightening quick response to a website update that I highlighted. 10 out of 10 for listening to investors and implementing.

Agree on your observations but do think the market is pulling PMI down with little reference to its broad product base. Premiers Fixed income investments and US were up but UK and Europe followed market sentiment. It's diverse range of investments allied to decent provenance, history and prudent management means it should weather the current gloom better than most and be one of the prime beneficiaries as sentiment turns. Inflation is on.thr cusp of dropping as the anniversary of the Ukraine conflict starts to weaken 12 month comparators. I am quietly and confidently accumulating here on the back of a slow and sustained upswing....notwithstanding the ever present possibility of a bid which seems extremely justifiable on the Math.

Apologies, I missed out the logical math progression....try again.....
Calculating the logical share price for a listed UK asset manager with 158 million shares in issue and managing assets of £11 billion requires several assumptions, as the valuation of an asset management company depends on a variety of factors such as investment performance, fee structure, client retention, and market conditions. Therefore, any estimate should be taken as indicative and subject to significant uncertainty.
One approach to estimating the logical share price is to use a multiple of the company's assets under management (AUM) or its earnings. The most common multiples used in the asset management industry are price-to-earnings (P/E) and price-to-book (P/B) ratios.
Assuming the company has a P/E ratio of 15 and an AUM-to-revenue ratio of 1.5%, the calculation for the logical share price would be:

Calculate the total revenue generated by the AUM: AUM x AUM-to-revenue ratio = £11bn x 1.5% = £165m

Calculate the earnings based on the P/E ratio: Earnings = Total revenue / P/E ratio = £165m / 15 = £11m

Calculate the book value of the company based on the AUM: Book value = AUM x P/B ratio = £11bn x 1.5 = £165m

Calculate the logical share price based on the book value and earnings: Logical share price = (Book value + (Earnings x P/E ratio)) / Total number of shares = (£165m + (£11m x 15)) / 158m = £2.11

Therefore, based on these assumptions, the logical share price for a listed UK asset manager with 158 million shares in issue and managing assets of £11 billion would be approximately £2.11.

As I posted my calculations previously here we go again. Calculating the logical share price for a listed UK asset manager with 158 million shares in issue and managing assets of £11 billion requires several assumptions, as the valuation of an asset management company depends on a variety of factors such as investment performance, fee structure, client retention, and market conditions. Therefore, any estimate should be taken as indicative and subject to significant uncertainty.
One approach to estimating the logical share price is to use a multiple of the company's assets under management (AUM) or its earnings. The most common multiples used in the asset management industry are price-to-earnings (P/E) and price-to-book (P/B) ratios.
Assuming the company has a P/E ratio of 15 and an AUM-to-revenue ratio of 1.5%, the calculation for the logical share price would be £2.11
And I can't be the only one doing the Math hence this is now a highly vulnerable time for a bid arriving imo.

PMI's stock is being marked down out of all proportion to its credentials, prudence and competent management. Persistent negative news on inflation, which should now be peaking, has had a drag effect on the share as investors cover higher domestic costs. In contrast, its predictable growth, high dividend, and low valuation could all make it a solid consumer staples stock to hold during an economic downturn.
Early indications were for EPS of 7p+ a share but that could quickly increase as inflation begins to fall back due to the passing of the anniversary of Russia's war in Ukraine. As investor confidence returns, contrary to the current trend, Premier Miton should be a prime beneficiary.

It's only RNS'd because Eastgate has crossed the 5% line by a marginal amount. When any insto or holder dips above or below certain %'s , in this case 5%, it triggers an auto RNS. These share adjustments are par for the course across the LSE listings. Nothing sinister or unusual.

Time to play 'Guess the Predator' at this level!
There's a lot of asset managers looking to consolidate premium quality teams and AuM out there......take your pick at this derisory sub £150m MCap.

The US banking wobble certainly sent ripples to this side of the pond and added to investor uncertainties linked to the 10% inflation rate. This resulted in fund outflows across the board as investors chased higher returns hence the current depth plumbing here. Quality will prevail as it always does and as interest rates fall many will realise that self investment is not as easy as they thought. The rebalance will happen in the near future and inflows to PMI and other asset managers will rise accordingly. Premier Miton has an excellent track record as a prudent, trusted and competent team witha vast range of products not solely equities. Yes it is in the doldrums at present but the tide may turn very quickly indeed, and given the current MCap and limited shares when that happens the rise could indeed surprise. Any purchases at this level, given the quality here, should see a probable 100% gain in a 12-24 month time frame. A bid situation although speculative could most definitely be on the cards at this level.
A decent divi is also available here so well worth the patience.

The fun bit comes when the supremely confident hedge fund manager who may gaining by this actually stimulates the process of his demise. Sector consolidation certainly means that predatory eyes will also be watching PMI which is now trading at less than half it's sensible value of just over £2 a share. I'd delight in seeing PMI capitulate to a £1.80 surprise approach and the hedge to spontaneously combust.

Looks that way but at this level and with sector consolidation active it's very risky, a hedge fund could get toasted......

Just a matter of time/patience. At this level the upside as either a stand alone or, as is looking increasingly likely, the target of a takeover bid, is significant. It could very easily double from this sub £1 level. Solid management, good team and prudent decision making look pretty good credentials for PMI to be a very juicy addition for an existing predatory asset manager.

Significant discount to peers leaves Premier highly vulnerable to predation at present for the reasons listed below plus it's seasoned and prudent management team. Sector consolidation is moving rapidly this year and PMI is a peach.

Calculating the logical share price for a listed UK asset manager with 158 million shares in issue and managing assets of £11 billion requires several assumptions, as the valuation of an asset management company depends on a variety of factors such as investment performance, fee structure, client retention, and market conditions. Therefore, any estimate should be taken as indicative and subject to significant uncertainty.
One approach to estimating the logical share price is to use a multiple of the company's assets under management (AUM) or its earnings. The most common multiples used in the asset management industry are price-to-earnings (P/E) and price-to-book (P/B) ratios.
Assuming the company has a P/E ratio of 15 and an AUM-to-revenue ratio of 1.5%, the calculation for the logical share price would be:

Calculate the total revenue generated by the AUM: AUM x AUM-to-revenue ratio = £11bn x 1.5% = £165m

Calculate the earnings based on the P/E ratio: Earnings = Total revenue / P/E ratio = £165m / 15 = £11m

Calculate the book value of the company based on the AUM: Book value = AUM x P/B ratio = £11bn x 1.5 = £165m

Calculate the logical share price based on the book value and earnings: Logical share price = (Book value + (Earnings x P/E ratio)) / Total number of shares = (£165m + (£11m x 15)) / 158m = £2.11

Therefore, based on these assumptions, the logical share price for a listed UK asset manager with 158 million shares in issue and managing assets of £11 billion would be approximately £2.11.

With AuM of £11bn and an MCap of just £156m this management team would fit perfectly into a bigger underperformed to boost prospects... Interesting as both a pure play on solid fundamentals and team with the added spice that it's a peach of an opportunity for a bigger player to acquire PMI and liven up it's quality. As a decent dividend payer, even a reduction would still place it in the top echelon of divi returns.