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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Majedie Investments Plc | MAJE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 246.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 246.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 31/01/2024 | Interim | GBP | 0.019 | 15/02/2024 | 16/02/2024 | 08/03/2024 |
| 08/11/2023 | Interim | GBP | 0.018 | 16/11/2023 | 17/11/2023 | 08/12/2023 |
| 02/08/2023 | Interim | GBP | 0.018 | 10/08/2023 | 11/08/2023 | 30/08/2023 |
| 05/05/2023 | Interim | GBP | 0.018 | 18/05/2023 | 19/05/2023 | 02/06/2023 |
| 20/12/2022 | Special | GBP | 0.018 | 12/01/2023 | 13/01/2023 | 27/01/2023 |
| 20/12/2022 | Final | GBP | 0.042 | 12/01/2023 | 13/01/2023 | 27/01/2023 |
| 25/05/2022 | Interim | GBP | 0.044 | 01/06/2022 | 06/06/2022 | 24/06/2022 |
| 14/12/2021 | Final | GBP | 0.07 | 13/01/2022 | 14/01/2022 | 28/01/2022 |
| 26/05/2021 | Interim | GBP | 0.044 | 03/06/2021 | 04/06/2021 | 18/06/2021 |
| 10/12/2020 | Final | GBP | 0.07 | 14/01/2021 | 15/01/2021 | 26/01/2021 |
| 27/05/2020 | Interim | GBP | 0.044 | 04/06/2020 | 05/06/2020 | 19/06/2020 |
| 11/12/2019 | Final | GBP | 0.07 | 09/01/2020 | 10/01/2020 | 28/01/2020 |
| 22/05/2019 | Interim | GBP | 0.044 | 30/05/2019 | 31/05/2019 | 14/06/2019 |
| Top Posts |
|---|
Posted at 26/2/2023 13:43 by makinbuks I can't imagine there are many that had even heard of Marylebone or their strategy before the MAJE deal was announced. One of the things that concerns me is their apparent lack of success in commercialising their proposition |
Posted at 24/2/2023 20:04 by smidge21 For those that wanted to access the Marylebone strategy, MAJE is a very cheap way in |
Posted at 12/1/2023 00:00 by brwo349 hxxps://citywire.comMajedie to shun ‘alt’ assets with new manager Marylebone By Jamie Colvin 11 Jan, 2023 at 12:33 1 Comment Majedie to shun ‘alt’ assets with new manager Marylebone Majedie Investment (MAJE), the struggling global investment trust backed by the Barlow family, has said its investment strategy under newly appointed Marylebone Partners will avoid private equity, venture capital, property and infrastructure in a bid to overturn ongoing poor performance. Christopher Getley, chair of the £103m multi-asset trust, which had a ‘very disappointing’ 12 months to the end of September from its investments in funds at Majedie Asset Management (MAM), believes Marylebone will offer a range of benefits, including the potential for ‘differentiate Marylebone has a reputation for protecting and growing wealth, he said, returning 8.4% over the 12-month period. This looks appealing to MAJE investors as the trust’s shareholder returns slumped 24.9%. The MSCI World index fell 4.2% by comparison. The investment portfolio fell 20%, with the global absolute return Tortoise fund its sole outperformer over the period out of seven MAM funds. Other benefits under Marylebone, which uses a ‘liquid endowment’ model, include a 7.5% stake in the manager and a 50% management fee reduction for the first 12 months. Marylebone will also contribute to marketing costs. Its $400m multi-asset strategy has three parts: ‘eclectic̵ Getley noted the move would give investors an opportunity to buy shares, which could narrow the 22% discount to net asset value (NAV) the shares currently trade at. MAJE unveiled Marylebone in November, several months after Majedie was acquired by Liontrust, and will put the move to shareholders at the annual general meeting on 25 January. If approved, the company will target annualised total returns of at least 4% above the UK’s consumer prices index, measured over rolling five-year periods. The new strategy will be unconstrained by a benchmark or by geography. A quarterly dividend payment is initially expected to comprise 0.75% of the relevant quarter-end NAV, leading to an annual dividend of about 3%. ‘Careful stock selection based on good fundamental analysis of equities and credit opportunities should offer shareholders good returns and the board believes that Marylebone is well placed to deliver from this outlook,’ Barlow said. At present, the marketing campaign consists of video presentations by MAJE’s CEO William Barlow and an overview by Marylebone’s chief investment officer, Dan Higgins. ‘Turbulence in markets has greatly expanded the opportunity set available to Marylebone to pursue a liquid endowment strategy, in particular in equities and credit. Illiquid strategies that were favoured by low interest rates no longer offer an attractive risk/reward for investors,’ Getley said. The former MAM funds at Liontrust have performed strongly since the financial year-end, with the Tortoise fund rising 9.7% to 20 December. MAJE’s performance over the last 10 years falls well short of its benchmark, with NAV falling 18.7% over five years, compared with the benchmark’s 50.6% rise. Over 10 years, NAV has lifted 77.5% versus the index’s 209.3%, according to Numis Securities data. |
Posted at 06/1/2023 13:42 by brwo349 Net assets value is now up to 246.7p so I'm in for more at 193p. That's a discount of more than 21% thanks. Remember this goes ex the 6p final dividend next week.The final dividend will be payable on 27 January 2023 to shareholders on the register at 13 January 2023 and the Company's shares go ex-dividend on 12 January 2023. |
Posted at 20/12/2022 07:32 by brwo349 the Board is recommending a final dividend of 4.2p and a special dividend of 1.8p.I'll take that thanks |
Posted at 11/12/2022 22:09 by brwo349 The final results could be this week. The big question is will they pay the usual bumper final dividend? |
Posted at 05/12/2022 10:18 by brwo349 This will be a very different beast once the management changes are confirmed. A growth focus and a yield of only 3% of NAV.Certainly the gap has closed but not dramatically so. The 193.25p being quoted to buy still puts maje on a 21.5% discount. |
Posted at 10/11/2022 08:06 by topvest Interesting new Investment Manager arrangements...a tad eclectic but that's Majedie for you! Anyway, Marylebone Partners LLP look OK and the 7.5% equity stake looks positive. A 3% of NAV dividend policy looks sensible. Given by the share price movement it appears that the news leaked out before today. Market seems to like it. On balance, it looks like a win win scenario for both parties. |
Posted at 08/11/2022 16:02 by brwo349 nav 234pmakin, I think it will narrow naturally as we approach the results with a Christmas rally and the dividend announcement. The process has already started. |
Posted at 07/11/2022 15:16 by brwo349 Some life in the shares todays and the Nav is now 232.65p.The final dividend has been 7p the last years so will that be the case again |
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