Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One of the big boys will now start to hoover up shares as all the news is out and the cash and lucrative AuM make for an easy steal with the ability to streamline and merge overheads. A peach at this level.....LGen, Av. and Phoenix must be watching.....
With £31m cash, an MCap of £131 and AuM of £11 billion this is woefully undervalued and a superb target for a bigger player now. Watch this space IMO, as current drop should reverse as logic prevails.
Pretty much as expected...treading water with the capacity, resources and prudence to manage the status quo but quickly ready to respond to market change. Cash is £31m and over a quarter of current MCap. With AuM of £11bn, Premier is still well under sensible value level given the geared upside and probable predator interest by bigger fund managers. All in all a steady hand in choppy waters but Mr Market will soon be looking at gearing, adaptability and competence as market confidence returns. Horizon scanning pays bigger dividends for those who patiently wait rather than speculate on smoke and mirrors.
All the pessimism is already in the price at this level... Any 'significant' fall in AuM would have been RNS'd. Most asset managers are seeing an increase in cash outflows and PMI will I assume follow suit. The big swing will come when Mr Market realises that PMI will be one of the prime beneficiaries as confidence starts to return and Mr Market certainly looks to the future first. Things will start to swing north and hopefully the H1 outlook will provide guidance. PMI board are not given to overpromising and underdelivering. The current low MCap was indeed triggered by the Q1 cautious outlook. H1 horizon scanning should help reassure. Solid and seasoned team.
Nice little niche player gearing up to be THE pan European supplier and last year's CAPEX used to give prime mover advantage. Dedicated online to support shop network and new supply hub in Netherlands. Sam Copeman obviously sees the route to rapid consolidation and growth here and ANG has the £14m war chest to make things happen. Solid.
Yes I have hence my decision to invest alongside those snippets listed below. I am very keen to listen to the one scheduled for 22nd May as I suspect this will coalesce all the previous moves in online exposure and pan European supply. I see the company having a really good future given its niche and financial strength. Be nice to see how plan's are going as the 11% Q1 growth looks excellent progress to me.
Looking at the evolution of ANG it's playing all the right cards. Europe is ripe for expansion for this niche supplier and capital last year was allocated to enhancing online and providing a pan European supply hub in the Netherlands with adequate stock for the start of the season. The cash buffer of £14m is extremely significant for a company of this size and gives it the instant ability to purchase good value acquisitions. The management is both seasoned and prudent and Sam Copeman can obviously see the exponential growth possibilities of a successful rollout. A lot is being documented about the mental health benefits of aligning with nature and fishing has been repeatedly peer reviewed as beneficial. The resurgence of angling post pandemic should not be underestimated and for a cash and asset rich pure play this is a little, soon to be much bigger, gem. Solid.
Looks good to me. If you are referring to year just gone these figures were flagged in the RNS Feb 22nd so we're not unexpected and the reason that ANG shares sit at a very significant and unwarranted discount to NAV. The group has significantly invested in inventory to supply the expanded demand in Europe and in its online architecture. The new supply depot in the Netherlands is a key post-Brexit move to speed availability into substantial new markets. Investors will be focussed on outlook and 11% first quarter growth prior to the start of the 2023 fishing season is a good start on which to build. With over £14m hard cash in the bank, good asset profile and positive cash flow the market will look ahead and see how ANG is a first move consolidator in a growing field where the benefits of angling to mental health are well documented and peer reviewed. A good company where staff are appreciated incentivised and motivated shows the best of British business acumen. Everyone benefits and it would be good to see investors taking a stake in responsible UK based businesses like this.
Funny you should say that as I regard Phoenix as one of the prime candidates eyeing up Miton. There's a golden window at present for them to make a lucrative and meaningful addition to their AUM, bring on board a seasoned and prudent UK team and make a sensible offer for both parties at 50%+'of the current MCap. Win win imo.
The upside here is considerable so congrats for taking a position. A lot of posters fail to provide reasoned logic for their holding or accumulation which was why I posted the Math for mine. The target price is still £2.11 on that basis. I see £1.50 as a sensible visual step on the journey whete I will reassess but currently I'm quietly accumulating in my ISA.
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.
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.