Director/PDMR Shareholding

RNS Number:0131V
Millfield Group PLC
01 December 2005

Millfield Group plc ("Millfield" or the "Company")

Directors' Shareholdings

Millfield was informed today that, following its announcement of interim results
this morning, the following directors bought shares in the Company:

Director Shares Price % of issued Date of Shareholding Total % of
Purchased class acquisition and following issued class
purchased date of purchase of
notification shares

Paul Tebbutt 75,000 26p 0.06% 01/12/2005 1,380,126 1.17%
Mike Duncan 75,000 26p 0.06% 01/12/2005 175,000 0.15%
Bryan Beeston 95,000 26p 0.08% 01/12/2005 1,553,816 1.31%


Enquiries

Millfield Group plc
Iain Leighton, Company Secretary 020 8680 5200


Llewellyn-Slade PR Limited
Mark Llewellyn-Slade - 01444 242792
Francis Higney - 0207 7336557


This information is provided by RNS
The company news service from the London Stock Exchange
END

YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ONWARDS AND UPWARDS!!!!!!

Another strong riser was independent financial advisers Millfield Group, up 6p at 27p by the close after it posted narrower interim losses. For the six months to 30 September, the group, which merged last year with InterAlliance, recorded a pre-tax loss of 1.2m compared to a loss of 4.5m a year earlier on a 135% rise in sales to 64.1m.

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=405427&in_page_id=3

Millfield CEO buys 75,000 shares in co, now holds 1.17 pct

LONDON (AFX) - Millfield Group PLC said chief executive officer Paul Tebbutt
bought 75,000 shares in the company at 26 pence each and now holds 1,380,126
shares, or 1.17 pct of the capital.
Operations director Mike Duncan bought the same amount at the same price,
raising his holding to 175,000 Millfield shares, or 0.15 pct.
Sales director Bryan Beeston bought 95,000 shares, and now holds 1,553,816,
or 1.31 pct.
newsdesk@afxnews.com
lam

still rising ;-) 40p easy

looks good i am in

I think this has got seriously overlooked..

wakey!!! WAKEY!!!!... look at the numbers.... where is everyone

Staying away.

Having bought shares in the past after the directors have bought, then a few months later when everyone has lost interest the share price has dropped big time and oh yes, the company has gone into Receivership eventually.....

But of course this will not happen here as I'm just over cautious......

emmm... well the numbers are saying things are very very good here

Best set of results seen and great growth potential.

I wonder how long it will take people to realise how cheap these are ???

Perhaps people are not buying because there is no such thing as cheap!

Good value possibly, but not cheap.

Like a lot of AIM shares the spread is a bit big - puts many off.

ALso: LONDON (AFX) - Independent financial advisers Millfield Group PLC posted narrower interim losses helped by substantial cuts in overhead costs including redundancies, and said it still expects to achieve operating profitability by the third quarter of the 2005/06 financial year.

For the six months to Sept 30, the group, which merged last year with Inter-Alliance Group PLC, recorded a pretax loss of 1.2 mln stg compared to a loss of 4.5 mln a year earlier on a 135 pct rise in sales to 64.1 mln.

"We have continued to make substantial savings in overhead expenses which were running at an annual rate of 49 mln stg immediately post merger," said CEO Paul Tebbutt.

He added that with cost reductions in September, the annualised rate for the cost base is now 30.8 mln and will reduce further to 29 mln by the fourth quarter 2005/06.

"We are focusing on achieving further cost efficiencies in the first quarter 2006/07, which will reduce our cost base to 28 mln," he added.

This company is still losing money. They have reduce cost by making redundacies.

They have a long way to go, before I trust them with my money.

best buy MPM then... going up

Amen Little Woman, hope someone is listening....
:>)

to late for me in at 29 today was looking at news and chart seemed like they could go some more was hoping for mid 30,s haVe 9000 shares another plan gone wrong.

monday mate.... this will have a nice write up at the weekend...

directors have bought... they must be very confident

believe me that, in normal course, independent financial services firms have
(a) the absence of firm assets
(b) a host of potential professional negligence claims which are waiting to surface ...i say professional negligence but, in fact, the situation is very much aggravated by the hindsight standards introduced by the financial services authority
(c)the difficulty in controlling the multitude of salesmen. i shall be interested to learn of the average length of service of their sales staff. i guess 3 to 4 years.
the problem is that a salesman is greatly affected by the need and excitement of creation of commission. the sales person then wants a (much) larger share of the commission cake - or he leaves and goes to another IFA and then attacks the best of his former clients
(d) commission , in the main is received by MILLFIELD in advance ....but needs to be refunded on a proportionate basis if the policy lapses within a specified number of years. To create profit a soft approach can be taken in the annual assumption to the amount of this commission which is vulnerable to refund
(e) the directors who have bought shares will have earnings well in excess of the prime minister. thus diverting just a small proportion of of that salary to share purchase can do wonders for the share price.
(f) there must be a horrendous liability under there pension fund if a final salary pension scheme exists se what happened to BERKLEY BIRCH
(g) my view is that the FSA will still tighten the screw on (mis-)selling linked to the (huge) commission earnings that can arise
(h) does anyone have any idea of share options which already exist .. and huge options can still be issued. the consequence is to dilute dividends and increased share values flowing to the share holders

over 40 years i could not find a sales person with whom i was really happy to sell financial products ...and that was with my tight control and knowledge/experiance.
MILLFIELD need to find hundreds. with a large % sales person turnover each year

much more i could say ....except to prompt any doubter to study what has happened to-day to the quoted IFA entity BERKLEY BIRCH
my comments about MILLFIELD ARE MY REASOBALE VIEWS ...AND ,OF COURSE , OTHERS MAY WELL HAVE DIFFERENT VIEWS. THIS IS INTENDED TO BE INFORMATION TO DIGEST/CONSIDER/debate. MY VIEW IS THE THE ACTIONS ,ATTITUDE ETC OF MILLFIELD ARE PAR FOR THE COURSE ...thus i am not contending that MILLFIELD are worse than average !!!!!

nice moVe up today 50k buy someone think there is more to go would like them to hit my first target of 34 tomorrow.

sit tight, its clear that this is going past 34p...

and check this out too

http://www.rte.ie/business/2005/1205/ormonde.html

http://www.newratings.com/analyst_news/article_1149090.html

kat don't ramp other stocks on here.

why not, its my thread ;-)

Because it is a MIL thread not any other stock. Thats why people come here !

Well said moneyman... I'm fed up with katcenka already as well !

5.9mil buy x 2 gone through as late trades.. nice one

Bid gone down to 27p - even better !

oops wrong thread sorry, I meant ORM ;-)

Katcenka... are you for real ?

i am a computer, do you mind!!!

LOOKS AS THOUGH MILLFIELD MAY BE IN A SIMILAR BOAT TO BERKLEY BIRCH.
FSA IN TOUGH NEGOTIATIONS WITH MILLFIELD REGARDING CAPITAL ADEQUACY.
YOU ARE WELCOME TO RE-READ MY POSTING NO.16
VIRTUALLY ALL FSA. FIRMS SELLING FINANCIAL PRODUCTS ARE BUILT ON SUCH A FRAGILE BASE THAT COMPLETE COLLAPSE CAN OCCUR.
I FEEL IT IS A REAL SHOCKER THAT LIFE OFFICES CAN POUR MANY MILLIONS OF CAPITAL INTO F.S.A. FIRMS IN ORDER TO TRY TO ENSURE CONTINUANCE OF POLICY FLOW. HARDLY GIVES THE IMPRESSION THAT AN IFA FIRM IS INDEPENDENT
MILLFIELD SHOULD PRODUCE IMMEDIATE AND FRANK STATEMENTS OF THEIR STEPS TO (HOPEFULLY) FULL SOUND FINANCIAL HEALTH

..why do you say "TOUGH" negotiations?..have the FSA said that?..if they havent, then why put such a slant?

mpw777 seems like you could be shorting this co. lot of negatiVes for a holder.

i just hope no one has pulled off the treble that is WITH MONEY ON:

MILLFIELD HIGHBURY LANGBAR

mpw777
dont you answer specific questions?

johnostrich posting no. 32

i have thrown away last weeks copies of FINANCIAL ADVISER and Money Marketing ...... but if i recall correctly there was an article therein with regard to the need of Millfield to resolve capital adequaces with the FSA.. The need to do so is for various reasons . certainly it is not a good omen as the financial structure of a firm of financial advisers is invariable fragile - and will never be otherwise.

i have an excellent knowledge of the independent financial services field from various angles ....some of depth. clearly i have no inside knowledge of MILLFIELD

i recall well many disasters ....do you recall BURNS ANDERSON of 15 or so years ago. if not have a good read of the current BERKLEY BIRCH. the independent financial services field will never be strong because sadly it exists on (broadly) a con on its clients. that comment is not on a flippant basis it is from a source of a great depth of experiance

johnostrich posting no. 32

i have thrown away last weeks copies of FINANCIAL ADVISER and Money Marketing ...... but if i recall correctly there was an article therein with regard to the need of Millfield to resolve capital adequaces with the FSA.. The need to do so is for various reasons . certainly it is not a good omen as the financial structure of a firm of financial advisers is invariable fragile - and will never be otherwise.

i have an excellent knowledge of the independent financial services field from various angles ....some of depth. clearly i have no inside knowledge of MILLFIELD

i recall well many disasters ....do you recall BURNS ANDERSON of 15 or so years ago. if not have a good read of the current BERKLEY BIRCH. the independent financial services field will never be strong because sadly it exists on (broadly) a "con" on its clients. that comment is not on a flippant basis it is from a source of a great depth of experiance

I think this chart says it all.

mpw
i jsut wanted to check why you used the word "tough" adn i see you had no specific reason to use the word. Capital adequacy discussions can take many forms, and be for many reasons, of course, but its indicative of someones position on a stock if they add their own personal bias to something without specific reason.

and as for IFA firms being a "con" on their clients, i hope no IFA reading this decides to pursue you for any libel as i imagine youd find such a sweeping generalisation hard to justify

lets get back to real issues on this please, obviously fsa discussions are relevant and dampen the recent good news trading statement, nothing more nothing less until resolution one way or other.

johnostrich one main con is that almost each and every one are not "independent" this can be easily shown in almost every case in that the adviser does not show in writing and explain clearly to the client that the so called (expert) (independent) financial advice is from a quite narrow field of products offices and 'unit trust' entities.
the Financial Services Authority bars the adviser from offering advice outside that quite narrow field ...that is not made clear
(a) a huge amount of money ends up in with profits or equity/property type bonds which pay commission up to 7% or so for advice which is not skilled and the simple of forms is completed. in addition there is direct and indirect anuual charges which substantially erode values. wouild one pay a 7% fee to a stockbroker.
even if one goes direct to the life office to purchase the bond the same initial and annual costs are incurred
(b) if you yourself have one or more unit trust holdings i suggest you chuck those for a suitable exchange traded fund which can be purchased from a stock broker at a virtually nil initial and annual cost. the so called adviser will never ever suggest an exchage traded fund because he is not allowed to do so ...and in any event there is no commission
(c) rarely ,if ever , have i seen an IFA creating circumstances so a client can exploit the annual capital gains tax allowance

Be assured i could list other examples up to (z) and well beyond. many IFA,s are sincere and honest .....but there knowledge and experiance is very limited and that is coupled with the narrow field of advice allowed and that the whole advice field, of neccessity is commission driven

give me an example of your own sphere .. and , if i spot it on the thread , i shall tell you the "con."..........the comment will be on a pro bono basis!!!

little woman posting no. 35
what your graph does not show is that Millfield absorbed INTER ALLIANCE . this was the merging of two disaster entities ....when that happens an ever greater disaster is almost bound to arise. but, as you say "little woman" 'the chart says it all' !!!!!!!! ----the greater disaster did arise

little woman posting no. 35
what your graph does not show is that Millfield absorbed INTER ALLIANCE . this was the merging of two disaster entities ....when that happens an ever greater disaster is almost bound to arise. but, as you say "little woman" 'the chart says it all' !!!!!!!! ----the greater disaster did arise

Its also not your thread... No one person owns a thread...

mpw
i agree that lots of IFAs may not be doing a great job, but im sure that applies to virtually every industry - (you imply that whatever anyones "sphere" youll find a con (music by the way) so you effectively accept that)...my point to you was regarding your blanket generalisation, because i know there are good IFAs out there, jsut as there are good and bad stockbrokers, solicitors, accountants, doctors etc etc....(and by the way, over 30 years ive seen plenty of stockbrokers trade client money unnecessarily to generate commission as well so it goes on everywhere).
In any event, im not sure how this impacts on the share issue. Plenty of people prefer commission to fees, so i dont see it as a "con"...and while you may individually disagree with the logic of a client using an IFA on that basis, it still happens and so is a valid, trading industry...im sure one could argue for excample that using a travel agent is equally a "con", and yet millions do and so the decision of any individual investor to consider the share should be based on the travel agents likely fortunes not the principle of dealing with them or not. To pursue your point that EVERY industry has its own "con" and that thats a reason not to invest, can only logically mean that youll never invest in any industry!!..cant have it both ways

its actually my thread ;-)

Millfield receives bid approach
AFX


LONDON (AFX) - Financial adviser Millfield Group PLC said it has received an approach from a third party which may or may not lead to an offer being made for the company.

It said there can be no certainty an offer will be made, nor the terms on which any offer might be made.

Two companies interested:- Aegon & Hartford

i see standard life report super sales of bonds ...all of these give the salesman usually a huge % commission ...other -wise he/she would not be sitting there to give the so called advice. in addition there are directly/indirectly amounts or % charges that erode whatever income/capital gains which may be achieved.
sadly it is a common factor running through the financial services world that the fleece is so often golden for both the salesman and the product provider.
in this atmosphere there will never be a sound basis for a financialadviser entity. if there is to be an investment at all then please buy shares in a product provider such as friends provident, prudential oravivia.

never never buy shares in an entity that is a so called financial adviser. there your investment will be upon the sand ...quick flowing sand

LONDON (AFX) - Financial adviser Millfield Group PLC said offer talks with a third party have been terminated but added that it is in discussions with other parties regarding an alternative strategy.

On March 29, Millfield said it received a preliminary approach which could or could not lead to an offer at or around the market price.

The company today said it expects to make a further announcement in the next few days.

Millfield. CEO replaced today. This is a strong buy now.

Millfield Group PLC
11 May 2006

11 May 2006

Millfield Group plc ('Millfield' or the 'Company')

New Chief Executive



The Board of Millfield announces that Paul Tebbutt has stepped down as Chief
Executive and as a director of Millfield with immediate effect. Alan Easter has
today been appointed Chief Executive.

The Board is continuing its discussions with various parties and is currently
preparing an enhanced business strategy with a view to raising new capital from
shareholders. The Company continues to communicate with the Financial Services
Authority with regard to eliminating its capital adequacy test 2 deficit, and is
in discussion with its commercial loan providers with regard to the
recapitalisation of the Company.