Premier Miton Group (PMI)

Sector:

Financials

Index:

FTSE AIM All-Share

53.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 102.00
  • 52 Week Low: 49.00
  • Currency: UK Pounds
  • Shares Issued: 162.08m
  • Volume: 406,203
  • Market Cap: £86.71m

Premier Asset Management ups dividend though inflows stumble

By Duncan Ferris

Date: Thursday 10 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Premier Asset Management Group's shares climbed on Thursday after the company upped its quarterly dividend as net flows slowed but still remained positive.
The quarterly dividend for the three months ended 31 December was approved at 1.70p per share, up from 1.65p per share at the same point last year, following the company's twenty-third consecutive month of positive inflows.

However, the AIM-traded company's reported total net inflows for the period of £65m, significantly down on previous quarters, which had contributed to total net inflows of £562m over the last twelve months.

The figure of £562m was significantly below the prior year, when net inflows reached £843m.

Mike O'Shea, chief executive of Premier AM, said: "It has been a challenging quarter, with subdued net inflows against a background of economic and political uncertainty, and market volatility. Over the period the UK equity market fell 9.6% and global stock markets fell 10.5%. We believe the continued uncertain environment is driving nervousness amongst investors generally."

Assets under management remained constant at £6.4bn at the period end and over the five years ended 31 December 84% of assets were above median in terms of performance.

"We are confident our strong distribution capabilities, coupled with our continued strategy of focusing on active management of relevant investment products, including our twelve multi-asset funds and range of income funds, mean we continue to be well placed for the future," said O'Shea.

Premier AM's shares were up 7.01% at 194.75p at 0949 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PMI Market Data

Currency UK Pounds
Share Price 53.50p
Change Today 0.50p
% Change 0.94 %
52 Week High 102.00
52 Week Low 49.00
Volume 406,203
Shares Issued 162.08m
Market Cap £86.71m

PMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.81% above the market average98.81% above the market average98.81% above the market average98.81% above the market average98.81% above the market average
96.19% above the sector average96.19% above the sector average96.19% above the sector average96.19% above the sector average96.19% above the sector average
Price Trend
68.34% below the market average68.34% below the market average68.34% below the market average68.34% below the market average68.34% below the market average
68.97% below the sector average68.97% below the sector average68.97% below the sector average68.97% below the sector average68.97% below the sector average
Income
97.73% above the market average97.73% above the market average97.73% above the market average97.73% above the market average97.73% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average
Growth
68.53% above the market average68.53% above the market average68.53% above the market average68.53% above the market average68.53% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
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
  Final Interim
Ex-Div 18-Jan-24 06-Jul-23
Paid 16-Feb-24 04-Aug-23
Amount 3.00p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:13 3,000 @ 53.77p
16:06 2,819 @ 53.20p
16:00 8 @ 54.00p
15:57 2 @ 54.00p
15:46 18,210 @ 53.70p

PMI Key Personnel

CEO Michael Patrick O'Shea
CFO Piers Godfrey Harrison

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