Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 170% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from UK£54.0m to UK£50.5m. Losses expected to increase from UK£0.0022 per share to UK£0.006. Capital Markets industry in the United Kingdom expected to see average net income growth of 12% next year. Consensus price target down from UK£0.61 to UK£0.56. Share price rose 6.3% to UK£0.38 over the past week. Declared Dividend • Jun 07
First half dividend of UK£0.015 announced Shareholders will receive a dividend of UK£0.015. Ex-date: 9th July 2026 Payment date: 7th August 2026 Dividend yield will be 12%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 99x earnings) nor is it covered by cash flows (330% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10,974% to bring the payout ratio under control. EPS is expected to grow by 700% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 16
Premier Miton Group plc to Report First Half, 2026 Results on Jun 04, 2026 Premier Miton Group plc announced that they will report first half, 2026 results on Jun 04, 2026 Major Estimate Revision • Apr 19
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from UK£57.8m to UK£55.0m. Now expected to report a loss of UK£0.003 per share instead of UK£0.0083 per share profit previously forecast. Capital Markets industry in the United Kingdom expected to see average net income growth of 7.1% next year. Consensus price target down from UK£0.67 to UK£0.61. Share price fell 6.2% to UK£0.41 over the past week. Price Target Changed • Apr 17
Price target decreased by 9.7% to UK£0.61 Down from UK£0.67, the current price target is an average from 6 analysts. New target price is 47% above last closing price of UK£0.41. Stock is down 14% over the past year. The company is forecast to post a net loss per share of UK£0.003 compared to earnings per share of UK£0.0078 last year. Price Target Changed • Apr 16
Price target decreased by 9.6% to UK£0.63 Down from UK£0.69, the current price target is an average from 6 analysts. New target price is 55% above last closing price of UK£0.41. Stock is down 15% over the past year. The company is forecast to post earnings per share of UK£0.006 for next year compared to UK£0.0078 last year. Announcement • Feb 07
Premier Miton Group plc Announces Termination of Robert Charles Lumsden Colthorpe as Director, Effective February 4, 2026 Premier Miton Group plc announced termination of Robert Charles Lumsden Colthorpe as Director, Effective February 4, 2026. New Risk • Jan 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£72.5m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 138% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (UK£72.5m market cap, or US$99.3m). Price Target Changed • Jan 19
Price target decreased by 9.1% to UK£0.68 Down from UK£0.74, the current price target is an average from 4 analysts. New target price is 41% above last closing price of UK£0.48. Stock is down 20% over the past year. The company is forecast to post earnings per share of UK£0.008 for next year compared to UK£0.0078 last year. Upcoming Dividend • Jan 08
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 13 February 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.0%). Announcement • Dec 23
Premier Miton Group plc, Annual General Meeting, Feb 04, 2026 Premier Miton Group plc, Annual General Meeting, Feb 04, 2026. Location: the offices of investec bank plc, 30 gresham street, ec2v 7qp, london United Kingdom Major Estimate Revision • Dec 11
Consensus EPS estimates fall by 58%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from UK£62.7m to UK£64.4m. EPS estimate fell from UK£0.019 to UK£0.008 per share. Net income forecast to grow 166% next year vs 14% growth forecast for Capital Markets industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.73. Share price fell 3.6% to UK£0.54 over the past week. New Risk • Dec 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 138% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). New Risk • Dec 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 393% Cash payout ratio: 138% Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 393% Cash payout ratio: 138% Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Dec 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: UK£0.008 (down from UK£0.012 in FY 2024). Revenue: UK£63.3m (down 1.1% from FY 2024). Net income: UK£1.22m (down 35% from FY 2024). Profit margin: 1.9% (down from 2.9% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Oct 10
Premier Miton Group plc to Report Fiscal Year 2025 Results on Dec 04, 2025 Premier Miton Group plc announced that they will report fiscal year 2025 results on Dec 04, 2025 Price Target Changed • Jul 11
Price target increased by 8.2% to UK£0.76 Up from UK£0.70, the current price target is an average from 4 analysts. New target price is 13% above last closing price of UK£0.67. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of UK£0.007 for next year compared to UK£0.012 last year. Upcoming Dividend • Jun 26
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 01 August 2025. The company is paying out more than 100% of its profits and is paying out 82% of its cash flow. Trailing yield: 8.5%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.8%). Reported Earnings • Jun 03
First half 2025 earnings released: EPS: UK£0.003 (vs UK£0 in 1H 2024) First half 2025 results: EPS: UK£0.003 (up from UK£0 in 1H 2024). Revenue: UK£33.1m (up 7.0% from 1H 2024). Net income: UK£521.0k (up UK£464.0k from 1H 2024). Profit margin: 1.6% (up from 0.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 01
First half dividend of UK£0.03 announced Dividend of UK£0.03 is the same as last year. Ex-date: 3rd July 2025 Payment date: 1st August 2025 Dividend yield will be 9.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (402% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 346% to bring the payout ratio under control. EPS is expected to grow by 280% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 29
Premier Miton Group plc Approves an Interim Dividend, Payable on 1 August 2025 The Board of Premier Miton Group plc has approved an interim dividend payment of 3.0 pence per share (2024 HY:3.0 pence). The dividend will be paid on 1 August 2025 to shareholders on the register at the close of business on 4 July 2025. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 67% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£67.6m to UK£63.8m. EPS estimate also fell from UK£0.021 per share to UK£0.007 per share. Net income forecast to grow 144% next year vs 3.2% growth forecast for Capital Markets industry in the United Kingdom. Consensus price target down from UK£0.81 to UK£0.73. Share price rose 2.1% to UK£0.48 over the past week. Price Target Changed • Apr 16
Price target decreased by 7.1% to UK£0.76 Down from UK£0.81, the current price target is an average from 4 analysts. New target price is 57% above last closing price of UK£0.48. Stock is down 22% over the past year. The company is forecast to post earnings per share of UK£0.007 for next year compared to UK£0.012 last year. New Risk • Apr 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£77.3m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 484% Cash payout ratio: 122% Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (UK£77.3m market cap, or US$99.9m). Recent Insider Transactions Derivative • Mar 13
CEO & Executive Director exercised options and sold UK£52k worth of stock On the 10th of March, Michael O'Shea exercised options to acquire 100k shares at no cost and sold these for an average price of UK£0.52 per share. This trade did not impact their existing holding. For the year to September 2018, Michael's total compensation was 38% salary and 62% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Michael's direct individual holding has decreased from 4.29m shares to 3.73m. Company insiders have collectively sold UK£134k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 15
Premier Miton Group plc to Report First Half, 2025 Results on May 29, 2025 Premier Miton Group plc announced that they will report first half, 2025 results on May 29, 2025 Announcement • Feb 08
Premier Miton Group plc Declares Final Dividend Premier Miton Group plc at its AGM held on 5 February 2025, declared a final dividend of 3.0 pence per share. Upcoming Dividend • Jan 09
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 16 January 2025. Payment date: 14 February 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 10%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.8%). Announcement • Dec 24
Premier Miton Group plc, Annual General Meeting, Feb 05, 2025 Premier Miton Group plc, Annual General Meeting, Feb 05, 2025. Location: eastgate court, high street, guildford, surrey, gu1 3de, United Kingdom Declared Dividend • Dec 06
Final dividend of UK£0.03 announced Dividend of UK£0.03 is the same as last year. Ex-date: 16th January 2025 Payment date: 14th February 2025 Dividend yield will be 9.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (484% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 437% to bring the payout ratio under control. EPS is expected to grow by 227% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Dec 05
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: UK£0.012 (down from UK£0.025 in FY 2023). Revenue: UK£64.0m (down 4.3% from FY 2023). Net income: UK£1.88m (down 49% from FY 2023). Profit margin: 2.9% (down from 5.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Oct 11
Premier Miton Group plc to Report Fiscal Year 2024 Results on Dec 04, 2024 Premier Miton Group plc announced that they will report fiscal year 2024 results on Dec 04, 2024 Announcement • Sep 23
Premier Miton Group plc Appoints Nicola Stronach Joins as Chief Operations Officer Premier Miton Group plc appointed Nicola Stronach joins as chief operations officer, after a three-year stint with Quilter. In her new capacity, she will oversee Premier Miton’s risk, operations, compliance and legal teams. She will also lead relations with regulators and third-party partnerships, playing a key role in the strategic direction of the firm. Stronach’s CV also includes spells at Credit Suisse, BNY Mellon and Merian Global Investors. Buy Or Sell Opportunity • Jul 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to UK£0.71. The fair value is estimated to be UK£0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 175% in the next 2 years. Buy Or Sell Opportunity • Jul 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to UK£0.70. The fair value is estimated to be UK£0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 180% in the next 2 years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Sarah Walton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to UK£0.70. The fair value is estimated to be UK£0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 180% in the next 2 years. Declared Dividend • Jun 02
Final dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 4th July 2024 Payment date: 2nd August 2024 Dividend yield will be 8.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (240% earnings payout ratio) nor is it covered by cash flows (162% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 167% to bring the payout ratio under control. EPS is expected to grow by 140% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to UK£0.71. The fair value is estimated to be UK£0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Major Estimate Revision • Apr 14
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from UK£0.006 to UK£0.005 per share. Revenue forecast steady at UK£66.0m. Net income forecast to shrink 65% next year vs 22% growth forecast for Capital Markets industry in the United Kingdom . Consensus price target broadly unchanged at UK£0.83. Share price rose 19% to UK£0.63 over the past week. Announcement • Apr 12
Premier Miton Group plc to Report First Half, 2024 Results on May 30, 2024 Premier Miton Group plc announced that they will report first half, 2024 results on May 30, 2024 Buy Or Sell Opportunity • Apr 03
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to UK£0.55. The fair value is estimated to be UK£0.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Recent Insider Transactions Derivative • Mar 14
CEO & Executive Director exercised options and sold UK£112k worth of stock On the 13th of March, Michael O'Shea exercised options to acquire 200k shares at no cost and sold these for an average price of UK£0.56 per share. This trade did not impact their existing holding. For the year to September 2017, Michael's total compensation was 30% salary and 70% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Michael's direct individual holding has increased from 3.86m shares to 4.09m. Company insiders have collectively sold UK£430k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Jan 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 240% Cash payout ratio: 161% Minor Risks Profit margins are more than 30% lower than last year (5.5% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Major Estimate Revision • Jan 14
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from UK£0.005 to UK£0.006. Revenue forecast steady at UK£65.4m. Net income forecast to shrink 71% next year vs 14% growth forecast for Capital Markets industry in the United Kingdom . Consensus price target broadly unchanged at UK£0.83. Share price was steady at UK£0.65 over the past week. Upcoming Dividend • Jan 11
Upcoming dividend of UK£0.03 per share at 9.5% yield Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 16 February 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.5%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (3.3%). Reported Earnings • Dec 06
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: UK£0.025 (down from UK£0.065 in FY 2022). Revenue: UK£66.9m (down 18% from FY 2022). Net income: UK£3.68m (down 62% from FY 2022). Profit margin: 5.5% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 252% Cash payout ratio: 129% Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (UK£76.4m market cap, or US$94.5m). Announcement • Nov 03
Premier Miton Group plc (AIM:PMI) agreed to acquire unknown majority stake in Tellworth Investments LLP from Paul Marriage and John Warren, BennBridge Hold Co Ltd. Premier Miton Group plc (AIM:PMI) agreed to acquire unknown majority stake in Tellworth Investments LLP from Paul Marriage and John Warren, BennBridge Hold Co Ltd on November 1, 2023.The initial consideration for Tellworth will be based on AuM at completion. At the current AuM this will be £5.5 million but this can vary between £3.5 million and £6 million depending on AuM at completion. Initial consideration will be payable 75% to Paul Marriage and John Warren and 25% in cash to the Exiting Shareholder. The consideration shares issued to Continuing Shareholders will have selling restrictions, namely 25% must be held for one year and 75% must be held for two years. An additional consideration of up to £3 million may be payable depending on AuM growth between completion and the first anniversary of completion with the maximum amount payable if AuM at the first anniversary date exceeds £850 million. This will be payable 95% to Continuing Shareholders in PMI shares or cash and 5% payable in cash to the Exiting Shareholder. Any shares issued as part of the additional consideration are to be held until three years from the date of completion. The acquisition is subject to customary approval by the Financial Conduct Authority and is expected to complete in early 2024. The Tellworth business will transition onto the Premier Miton platform in the second half of 2024. Investec Bank plc acted as financial advisor to Premier Miton Group plc (AIM:PMI). Price Target Changed • Nov 03
Price target decreased by 7.9% to UK£0.87 Down from UK£0.94, the current price target is an average from 4 analysts. New target price is 67% above last closing price of UK£0.52. Stock is down 41% over the past year. The company is forecast to post earnings per share of UK£0.017 for next year compared to UK£0.065 last year. Announcement • Oct 13
Premier Miton Group plc to Report Fiscal Year 2023 Results on Dec 05, 2023 Premier Miton Group plc announced that they will report fiscal year 2023 results on Dec 05, 2023 New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£81.5m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 252% Cash payout ratio: 129% Minor Risks Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (UK£81.5m market cap, or US$99.5m). Buying Opportunity • Sep 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be UK£0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 0.4% in 2 years. Earnings is forecast to decline by 28% in the next 2 years. Major Estimate Revision • Jul 19
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£68.9m to UK£67.8m. EPS estimate also fell from UK£0.015 per share to UK£0.011 per share. Net income forecast to shrink 65% next year vs 9.7% growth forecast for Capital Markets industry in the United Kingdom . Consensus price target down from UK£1.21 to UK£1.06. Share price fell 3.8% to UK£0.76 over the past week. Price Target Changed • Jul 14
Price target decreased by 12% to UK£1.10 Down from UK£1.25, the current price target is an average from 4 analysts. New target price is 45% above last closing price of UK£0.76. Stock is down 33% over the past year. The company is forecast to post earnings per share of UK£0.015 for next year compared to UK£0.065 last year. Announcement • Jul 12
PSF Capital GP II Limited agreed to acquire STM Group Plc (AIM:STM) for £40.8 million. PSF Capital GP II Limited agreed to acquire STM Group Plc (AIM:STM) for £40.8 million on July 11, 2023. Under the terms, £0.7 per share in cash will be paid. Matt Goode, Emily Watts Henrik Perssonof finnCap Ltd acted as financial advisor to STM Group. Board of STM Group recommended the offer to shareholders of STM Group. Offer is subject to approval from inancial Services Authority and The Pensions Regulator. Announcement • Jul 08
Premier Miton Group plc Announces David Barron Has Step Down as Non-Executive Director Premier Miton Group plc announced that David Barron is to step down as a Non-Executive Director of the Board, effective 7 July 2023,to pursue his other business interests. Price Target Changed • Jul 05
Price target decreased by 9.7% to UK£1.21 Down from UK£1.34, the current price target is an average from 4 analysts. New target price is 44% above last closing price of UK£0.84. Stock is down 31% over the past year. The company is forecast to post earnings per share of UK£0.015 for next year compared to UK£0.065 last year. Upcoming Dividend • Jun 29
Upcoming dividend of UK£0.03 per share at 11% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 04 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.5%). Reported Earnings • Jun 01
First half 2023 earnings released: EPS: UK£1.12 (vs UK£0.04 in 1H 2022) First half 2023 results: EPS: UK£1.12. Revenue: UK£35.0m (down 20% from 1H 2022). Net income: UK£1.64m (down 72% from 1H 2022). Profit margin: 4.7% (down from 13% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Capital Markets industry in the United Kingdom. Recent Insider Transactions Derivative • May 02
CEO & Executive Director exercised options and sold UK£178k worth of stock On the 27th of April, Michael O'Shea exercised options to acquire 200k shares at no cost and sold these for an average price of UK£0.89 per share. This trade did not impact their existing holding. For the year to September 2016, Michael's total compensation was 23% salary and 77% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, Michael's direct individual holding has increased from 2.48m shares to 3.86m. Company insiders have collectively sold UK£215k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Apr 20
Consensus EPS estimates fall by 50%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£70.4m to UK£71.6m. EPS estimate fell from UK£0.02 to UK£0.01 per share. Net income forecast to shrink 75% next year vs 2.9% growth forecast for Capital Markets industry in the United Kingdom . Consensus price target down from UK£1.39 to UK£1.34. Share price fell 6.9% to UK£0.94 over the past week. Recent Insider Transactions Derivative • Mar 26
CFO & Executive Director exercised options and sold UK£78k worth of stock On the 22nd of March, Piers Harrison exercised options to acquire 75k shares at no cost and sold these for an average price of UK£1.04 per share. This trade did not impact their existing holding. Since June 2022, Piers' direct individual holding has increased from 52.60k shares to 53.38k. Company insiders have collectively sold UK£16k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 02
Premier Miton Group plc Approves Final Dividend Premier Miton Group plc at its Annual General Meeting held on February 1, 2023 approved to declare a final dividend of 6.3 pence per share. Price Target Changed • Jan 19
Price target increased to UK£1.39 Up from UK£1.28, the current price target is an average from 4 analysts. New target price is 20% above last closing price of UK£1.17. Stock is down 36% over the past year. The company is forecast to post earnings per share of UK£0.02 for next year compared to UK£0.065 last year. Price Target Changed • Jan 13
Price target increased to UK£1.31 Up from UK£1.21, the current price target is an average from 4 analysts. New target price is 11% above last closing price of UK£1.19. Stock is down 37% over the past year. The company is forecast to post earnings per share of UK£0.02 for next year compared to UK£0.065 last year. Upcoming Dividend • Jan 05
Upcoming dividend of UK£0.063 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 10 February 2023. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 9.7%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.6%). Reported Earnings • Dec 03
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: UK£0.065 (down from UK£0.095 in FY 2021). Revenue: UK£81.2m (down 3.9% from FY 2021). Net income: UK£9.57m (down 32% from FY 2021). Profit margin: 12% (down from 17% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 15% share price gain to UK£1.06, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.14 per share. Announcement • Dec 02
Premier Miton Group plc, Annual General Meeting, Feb 01, 2023 Premier Miton Group plc, Annual General Meeting, Feb 01, 2023. Agenda: To consider the final dividend. Buying Opportunity • Nov 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be UK£1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 8.2%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings is also forecast to decline by 37% per annum over the same time period. Board Change • Nov 16
High number of new directors Independent Non-Executive Director Sarah Walton was the last director to join the board, commencing their role in 2021. Price Target Changed • Oct 17
Price target decreased to UK£1.31 Down from UK£1.44, the current price target is an average from 4 analysts. New target price is 44% above last closing price of UK£0.91. Stock is down 49% over the past year. The company is forecast to post earnings per share of UK£0.047 for next year compared to UK£0.095 last year. Buying Opportunity • Aug 24
Now 21% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be UK£1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 8.2%. Revenue is forecast to decline by 9.1% in 2 years. Earnings is forecast to decline by 54% in the next 2 years. Buying Opportunity • Jul 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be UK£1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 8.2%. Revenue is forecast to decline by 9.1% in 2 years. Earnings is forecast to decline by 54% in the next 2 years. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£83.8m to UK£82.6m. EPS estimate also fell from UK£0.06 per share to UK£0.05 per share. Net income forecast to shrink 48% next year vs 7.1% decline forecast for Capital Markets industry in the United Kingdom. Consensus price target down from UK£1.72 to UK£1.44. Share price fell 3.8% to UK£1.13 over the past week. Price Target Changed • Jul 06
Price target decreased to UK£1.72 Down from UK£1.98, the current price target is an average from 3 analysts. New target price is 42% above last closing price of UK£1.22. Stock is down 35% over the past year. The company is forecast to post earnings per share of UK£0.06 for next year compared to UK£0.095 last year. Upcoming Dividend • Jun 30
Upcoming dividend of UK£0.037 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.2%). Higher than average of industry peers (3.4%). Buying Opportunity • Jun 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be UK£1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 8.2%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Buying Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be UK£1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has declined by 8.2%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Reported Earnings • May 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£5.16m from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 8.4% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.