We feel progress across the fund range and operationally has gone unnoticed. More nascent funds are beginning to gather assets faster and at scale. The investment process is differentiated and active. Our forecasts show, alongside 15% 3yr EPS CAGR, that Miton has the potential to pay a greater dividend. Looking past the plentiful free cash position, the shares trade on a 8.4x FY19e ex-free cash PER – a 40% discount to peers. Applying a 12x multiple, we set a 60p 12m Target Price and initiate wit ....
23 May 2018
Rise of nascent funds, income growth potential
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Rise of nascent funds, income growth potential
Premier Miton Group Plc (PMI:LON) | 53.5 0 0.0% | Mkt Cap: 86.7m
- Published:
23 May 2018 -
Author:
Andrew Watson -
Pages:
3
We feel progress across the fund range and operationally has gone unnoticed. More nascent funds are beginning to gather assets faster and at scale. The investment process is differentiated and active. Our forecasts show, alongside 15% 3yr EPS CAGR, that Miton has the potential to pay a greater dividend. Looking past the plentiful free cash position, the shares trade on a 8.4x FY19e ex-free cash PER – a 40% discount to peers. Applying a 12x multiple, we set a 60p 12m Target Price and initiate wit ....