A tale of two fund managers
Updates covered here include interim results from two of AIM’s fund managers, whose different offerings result in very different valuations. Elsewhere, there was a very positive trading update from an energy supplier, bringing a big upgrade from its broker, while a small-cap publisher continues to impress.
Premier Miton: dividend reduced, but still a big yield
Fund manager Premier Miton Group (AIM:PMI), announced results for the six months ending 31 March 2023.
Assets under Management ('AuM') at the period end were £11.0 billion, an increase of 4% on the beginning of the year, however, average AuM over the period of £11.2 billion was 17% lower than in the previous period.
The fall in average AuM led to a 20%…
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