Marwyn Value Investors Share Discussion Threads

[gleach23] 19/9/2016 12:23

With most of the rest made up of cash?

I'm mulling over whether this share price drift represents a good top-up opportunity. There certainly seems to be a seller but the volume is only modest.

Reasons
- Discount to NAV is now around 35%
- In April N-E Chairman & N-E Director bought 25k and 27k respectively @ 183
- Yield is now approaching 6%

Anyone know why we haven't had Interims though? For at least the last 3 years they have been out end of Aug.

[cerrito] 08/9/2016 12:58

You are right mad foetus good news from BCA and Zeg in the last couple of days but without wishing to appear a party pooper remember that between them they only represent about half of MVI’s NAV.

[mad foetus] 08/9/2016 08:03

Decent results from ZEG and a reasonable directors buy reported today. BCA issued their AGM statement this morning - 4p final dividend and trading in line with expectations. Starting to look a little more positive.

[cerrito] 07/9/2016 21:54

I see that Zeg had a respectable share price increase today which for me well reflected the respectable first half out turn for ZEG but I guess no surprise that met with another fall for MVI.At least MVI will get £2m+ in cash dividends

[oregano] 06/9/2016 15:07

Zegona results tomorrow. Getting some traction there is probably essential to get MVI moving.

[tiltonboy] 06/9/2016 14:51

I gave the new IR guy both barrels a couple of weeks ago. He must have wondered what he had walked into.

I hope I don't regret having got back in, and understand why SKY has sold them...but I wouldn't describe BCA as tech!

[skyship] 06/9/2016 14:34

Didn't like the softening below 150p so decided to sell out of my small holding. Took 4days to sell a mere 10k, taking prices from 149p down to the last 2.5k @ 144p today!

A suspect a proper broker like Tilts would have sold them the first day at 148p; but I go solo with my online SIPP...

Good luck to all holders; but TECH isn't for me, so shouldn't have bought in the first place!

[mad foetus] 06/9/2016 13:36

They only started paying the divi last year. I think it may have been a requirement of the institutions that bought in at the same time. ZEG and BCA will pay divis but not enough, spesh as MVI is holding lots of cash atm I think. And WTAF if happening with GLOO?

[silkywhite] 06/9/2016 13:30

I don't think the dividend is sustainable out of earnings.

[silkywhite] 06/9/2016 09:58

I think someone wants out here.

Does anyone know anything about the dividend policy? Is it covered and if not is the plan to pay it out anyway. TIA

[spectoacc] 01/9/2016 15:55

It is a strange beast, & there's been a seller around for a while IMO, but the discount is keeping me interested.

[orinocor] 01/9/2016 15:50

thks - MVI is a strange looking beast isn't it? It calls itself Marwyn Value Investors but has a very concentrated portfolio of non-value type companies.

Not interested in buying at this level.

[luffness] 01/9/2016 14:56

Zegona Communications plc Ordinary 1p 45.64%
BCA Marketplace plc Ordinary 1p 32.91%
Marwyn Management Partners PLC 12.07%
Gloo Networks plc Ordinary 1p 9.38%

[orinocor] 01/9/2016 14:34

Does anyone have a NAV breakdown? What proportion is Zegona?

[eeza] 26/8/2016 07:49

ZEG's reults on Sept 7.

[spectoacc] 25/8/2016 08:25

Also feels like there's a seller, been weak in a relatively strong market, so may yet get it cheaper (already averaged once).

[skyship] 25/8/2016 08:22

MF - Sure, BCA doing well & BCA a company one can evaluate. Problem is that MVI has just as large an investment in ZEG - and who knows really what that is worth!? If I were reassured on that count I would add here for sure...

[gleach23] 24/8/2016 11:12

interims due any day now

[mad foetus] 24/8/2016 10:02

BCA now over 200 and at all time highs, MVI should start kicking in from here imo

[spectoacc] 05/8/2016 15:17

Bought more on the NAV RNS earlier, up another 3p, whilst share price ticks down. Am a sucker for yield + discount. They may well go lower first, but happy to have LTBH.

[skyship] 05/8/2016 14:56

NAV as at 22nd July = 213.95. Discount @ 152p = 29%; YLD = 5.43%

[mad foetus] 05/8/2016 07:28

Small but more directors buys at ZEG and everyone is topping up at BCA. GLOO still doing sod all.

[tiltonboy] 04/8/2016 08:06

Still loads of stock around.

[mad foetus] 04/8/2016 07:48

And the head honcho of ZEG has bought 100,000 shares on each of the last two days. BCA have also had director buys and have appointed 2 new brokers. It feels to me that they are each waiting for a spark to rerate, but I think MVI's NAV is going to start moving up from here.

[mad foetus] 03/8/2016 17:20

MVI bought another 4m shares in ZEG. What's up with GLOO though?