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!!!!!!

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