AuM grew in Q2 with solid investment performance mitigating a modest net outflow (£87m). Year to date, we have seen continuing political uncertainty which has impacted net sales across the UK Smaller Companies sector, Miton has not been immune. We expect flows to return with sentiment, and make no material changes to our earnings forecasts. We continue to see a 60p/share intrinsic value, after taking into account a significant quantum of “free cash” on the balance sheet.
12 Jul 2019
In line AuM, positive performance mitigates flows
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
In line AuM, positive performance mitigates flows
Premier Miton Group Plc (PMI:LON) | 61.5 0 0.0% | Mkt Cap: 99.7m
- Published:
12 Jul 2019 -
Author:
Andrew Watson -
Pages:
3
AuM grew in Q2 with solid investment performance mitigating a modest net outflow (£87m). Year to date, we have seen continuing political uncertainty which has impacted net sales across the UK Smaller Companies sector, Miton has not been immune. We expect flows to return with sentiment, and make no material changes to our earnings forecasts. We continue to see a 60p/share intrinsic value, after taking into account a significant quantum of “free cash” on the balance sheet.