Premier Miton Group (PMI)

Sector:

Financials

Index:

FTSE AIM All-Share

 117.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 205.00p
  • 52 Week Low: 109.50p
  • Currency: UK Pounds
  • Shares Issued: 157.91m
  • Volume: 47,002
  • Market Cap: 185.55m

Premier Miton posts healthy growth in AuM

By Josh White

Date: Friday 08 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Premier Miton Group reported 13.9bn in assets under management at the end of its financial year on Friday, up from 10.6bn year-on-year.
The AIM-traded asset manager said net inflows for the year ended 30 September totalled 830m, swinging from net outflows of 619m in the 2020 financial year.

For the fourth quarter, net inflows totalled 120m, while the company said a total of 501 products were managed by 17 investment teams at the end of the year.

"The group delivered another quarter of positive net inflows bringing the total for the 2021 financial year to 830m," said chief executive officer Mike O'Shea.

"The net inflows, combined with strong investment performance, have driven the growth in the group's assets under management to reach 13.9bn at the period end, representing an increase of 31% for the financial year.

"The group's assets under management are well diversified across 17 investment teams and a broad range of equity, fixed income, multi-asset and absolute return investment strategies."

O'Shea said the firm's investment teams were delivering consistent investment performance, with a "good balance" between its established and newer fund managers, who were "well-positioned" to drive Premier Miton's "ambitious" organic growth plans.

"As a business, our primary aim is to actively and responsibly manage our clients' investments for a better financial future.

"We are proud of the fact that, where measuring investment performance against the relevant peer group is appropriate, 80% of our open-ended funds are in their first or second quartiles for investment performance since manager inception.

"During the quarter, we added to our range of income funds with the launch of the Premier Miton European Equity Income Fund."

Mike O'Shea said the new fund would bring further choice for clients seeking diversified equity income strategies at a time of low interest rates and low bond yields.

"We also completed the merger of the Premier Global Infrastructure Income Fund and the Premier Miton Global Infrastructure Income Fund, creating a single, larger fund that helps to reduce investor costs and brings scale potential for this strategy.

"I believe our core qualities of high performing, genuinely active investment teams, relevant and diversified investment products, robust balance sheet and proven distribution capabilities mean we are well-positioned for the coming financial year."

At 1204 BST, shares in Premier Miton Group were up 0.86% at 176.5p.

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PMI Market Data

Currency UK Pounds
Share Price 117.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 205.00p
52 Week Low 109.50p
Volume 47,002
Shares Issued 157.91m
Market Cap 185.55m

PMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.15% above the market average78.15% above the market average78.15% above the market average78.15% above the market average78.15% above the market average
30.16% above the sector average30.16% above the sector average30.16% above the sector average30.16% above the sector average30.16% above the sector average
Price Trend
39.66% below the market average39.66% below the market average39.66% below the market average39.66% below the market average39.66% below the market average
41.79% below the sector average41.79% below the sector average41.79% below the sector average41.79% below the sector average41.79% below the sector average
Income
84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Growth
74.13% above the market average74.13% above the market average74.13% above the market average74.13% above the market average74.13% above the market average
36.07% above the sector average36.07% above the sector average36.07% above the sector average36.07% above the sector average36.07% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PMI Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Jul-22 13-Jan-22
Paid 05-Aug-22 11-Feb-22
Amount 3.70p 6.30p

Trades for 05-Aug-2022

Time Volume / Share Price
16:24 87 @ 120.00p
16:24 5,000 @ 118.95p
16:10 5,000 @ 119.00p
16:02 309 @ 118.50p
16:02 46 @ 118.50p

PMI Key Personnel

CEO Michael Patrick O'Shea
CFO Piers Godfrey Harrison

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