PREMIER MITON GROUP PLC (PMI) — 2024 Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the PREMIER MITON GROUP PLC interim results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time via the q and a tab that's just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today, and we'll publish those responses where it's appropriate to do so on the investor meet company platform. Before we begin, I would just like to submit the following poll. And if you'd give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from PREMIER MITON. Mike, good afternoon, sir. Good afternoon. Hello, everyone, and welcome to our interim results presentation for the period ending March 2024. I am Mike O'Shea. I'm the chief executive of PREMIER MITON, and I'm joined today by Piers Harrison, Chief Financial Officer and Joffe Wilcox, Global Head of Distribution. Today, we will be running through our results for the period as well as highlighting the current trading environment and our outlook for the coming months. We will also update on the progress of our recent acquisitions. We closed the period with $10,700,000,000 of assets under management. This was 9% higher than the level at the 10/01/2023 and reflects a combination of three factors: inflows from our recent M and A activity outflows from our funds largely driven by the poor environment for fund sales across the industry and positive returns from investment markets. ...