Member Info for steviewonder77

PMI opened 11% down due to outflows. They say they have seen clients move from equities to fixed interest.

I will keep holding ,i will not be adding until the withdrawals stop.

It doesnt look good ,withdrawals continue at pace. This will keep falling until the withdrawals stop.

Aarya/ you made some good points but Buffetology are a open end fund,so will be suffering withdrawals, forcing sells. thanks for the information

Ftse/ the CEO as been in the business about 17 years. He is a major shareholder, he knows what he is doing. You should make your decision to sell on fundamentals not the SP. You should not be selling on an analyst downgrade.

Pasta/As you can see the last few days the buybacks have increased. Its not my theory ,its just the way its done.

Drusus/ you have had i result, im £280K down, But you havnt lost a penny until you sell. I have been 90% down and ended up 300% up.

Lets hope the trading update(14 Jan) is positive. We have no debt and £20M in cash so we cant go bankrupt

I expect it to be a 15p pay out in August, which would make it a 22p Dividend. Deutsche Bank has valued this at 100M. If they are right ,a marry up would be on the cards.

Ftse/ where did you see the broker downgrade? Im pleased its gone down, they pay out the Dividend tomorrow, which means i can buy more shares

Yes your right, Shorters will pay the Dividend. When you short you would use a CFD, so it goes to the brokerage

The SP will eventually follow the earnings. The last update was good, we are doing well. The final bit of the CMA report should be out soon. i would like to see the shorts close. I have a good feeling about this business.

I would rather see us paying off the debt then paying a dividend. The days of low interest rates are over ,if we do get a pullback, stocks with debt will be hit the hardest.

All fund managers look cheap, we all have the same problem. If the outflows continue we will see consolidation in the sector. The good thing is we have management with "skin in the game", they have substantial share holdings. They will obviously try and get the best deal they can ,at the end of the day there will be a vote. In my opinion if the outflows stop, this goes to £6 minimum

Pasta/ it depends on the price paid. I doubt if the management would accept any offer under 380p. My average is 430p so i wouldnt be pleased with 380p, but i would leave it to the management. There is nothing stopping you buying shares in the buyer

Its been going on for ever. Slater investments,( run by Mark Slater son of Jim Slater ,who wrote the" Zulu Principle")are one of our major shareholders. Criticisms come when the SP is down, when the SP is up, no one cares who owns the shares.

We have reduced our position in IMPAX. WE have a bigger position in TATTON. I would like ABDN to buy us ,they are one of our major shareholders. I expect plenty of M+A in 2026 in fund managers

Percy/ why do you say that?

Pasta,it appears the company doesnt agree with you

Pasta/there is no need to buyback when the SP is rising. We dont have to spend the 10M. You will see, if the SP starts to fall the buybacks will resume