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MRCH Merchants Trust Plc

539.00
-1.00 (-0.19%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Merchants Trust Plc LSE:MRCH London Ordinary Share GB0005800072 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.19% 539.00 223,633 16:35:15
Bid Price Offer Price High Price Low Price Open Price
539.00 544.00 541.00 535.00 535.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -19.53M -30.25M -0.2032 -26.57 803.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:04:04 O 223 539.00 GBX

Merchants (MRCH) Latest News (1)

Merchants (MRCH) Discussions and Chat

Merchants Forums and Chat

Date Time Title Posts
19/4/202407:02MERCHANTS IT yld 6%2,363
17/1/202410:48INVESTMENT TRUSTS as an Annuity580

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Merchants (MRCH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:04:23539.002231,201.97O
16:34:54533.264,92226,247.16O
15:35:15539.003,53919,075.21UT
15:23:11540.002751,485.00AT
15:22:28541.0063340.83AT

Merchants (MRCH) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Merchants Daily Update
Merchants Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker MRCH. The last closing price for Merchants was 540p.
Merchants currently has 148,877,887 shares in issue. The market capitalisation of Merchants is £803,940,590.
Merchants has a price to earnings ratio (PE ratio) of -26.57.
This morning MRCH shares opened at 535p
Posted at 19/4/2024 07:02 by superiorshares
My call was based on companies will have to cut or shelve their dividends ultimately.
Also I believe that MRCH were issuing shares to pay dividend via the back door.
Interest rates are going to remain high and possibly go higher.
It was also based on a War in Ukraine.
Only a Sanctimonious Europhile would say their will be a Stockmarket rally based on a Labour win. Just for the record Labour could only wish to be as Left extremist as the Tory filth.
I don't need to pick out points between the beginning of my call and the end of 2024.
I will see how near or how far it is from £3
Somebody also made a call on here that it would be £6 by 2024
Shout out please.

TRUMP2024
SS
Posted at 18/4/2024 10:05 by jong
XD Today. 7.1p per share payable on Wed 22 May.
Posted at 16/4/2024 19:51 by investingdad
I think you made the same call even longer ago before that and then it rallied to 600p, but you don't mention that as often. Predicting is hard. But just to be clear the fall that you are predicting is more than the COVID crash. That's some statement. Especially in an election year when there will be an end of year rally based on the outcome.And if it does most people here will buy. I certainly will. A nice 9% yield from MRCH is worth putting a lot of money into.
Posted at 16/4/2024 18:49 by investingdad
SS showing up in times of global termoil and calling a 40% fall in MRCH. Somethings never change.
Posted at 04/4/2024 07:58 by speedsgh
Full year dividend increased to 28.4p (42 consecutive years of increases); fully covered by earnings with board focus on rebuilding revenue reserves used to support the dividend during Covid.

Final dividend of 7.1p payable on 22 May...

Final Results -

Income

In terms of the income generated by the underlying portfolio, it was a strong year with revenue earnings per ordinary share rising 6.3% to a record 30.5p (2023: 28.7p) as dividend income received by the trust has fully recovered from the impact of the pandemic. This meant the dividend declared for the year was fully covered by earnings, as well as allowing the board to add 1.8p per ordinary share to revenue reserves.

I have written before about the importance of investment trusts being able to build revenue reserves in order to provide some protection against difficult times. This was amply demonstrated during COVID years when our revenue reserves built in good years enabled the board to maintain dividends to our shareholders even though dividend receipts from the Merchants portfolio of investments were weak. Now that dividend receipts from the portfolio have recovered the board thinks it important that we should build up reserves once again, as illustrated by the chart on page 6 of the Annual Report.

At the end of the financial year, the revenue reserve stands at 18.1p per ordinary share.

Dividend

The board is pleased to propose a final dividend of 7.1p for shareholder approval at Merchants' upcoming AGM on 16 May 2024. Subject to that approval, that will mean a full year dividend of 28.4p (2023: 27.6p), a rise of 2.9%.

The annualised growth rate of the dividend paid by the trust over 42 years stands at 6.4%, remaining well above the rate of inflation over that period which stands at 3.8% annually as measured by the Consumer Prices Index (CPI) despite the particularly high inflation numbers evident over the past two years. The company continues to pay a high dividend, representing a yield of some 5.2% at the period end. This remains well above the sector average (4.5%), placing it in the top-ten yielders in the sector.

With 42 years of unbroken annual dividend rises, Merchants also retains its place on the Association of Investment Companies' (AIC) Dividend Hero list - those companies having managed to consistently raise their dividend for twenty years or more.
Posted at 12/3/2024 20:35 by investingdad
Dividend is paid this week so I can see the share price moving up again with reinvestment. And at around 5.5 percent yield per share, it isn't a bad price at all. There will be another run at 550p soon enough.
Posted at 16/10/2023 02:08 by superiorshares
Will the MRCH share price soon begin with a 4 ? ...I think so

I repeat £3 pound ush by the end of 2024
Posted at 18/7/2023 12:18 by ctrader3
MRCH
If u had bought 20 years ago the price was 240p
2009 the price was 230p
2020 the price was 305p.

The dividend in 2003 was 17.6p a yield of around 7%,
u have never earned less than 7% as the dividend has
gently increased over the years.
The earned dividends could either have been re-invested
in MRCH or another high yielder.
A win win situation if the share price falls
from here u can re-invest at 7%, get rich slow.
If the share price rises the
the buying yield remains similar but the current
yield will fall in tandem.
U could re-invest in a tracker or whatever u wanted too.
I prefer a dividend as even if my share choice is poor
I still have dividends to re-invest.
Today u could put the dividends risk free in a deposit account
and wait for the market to crash or the bank
rate is cut.
Posted at 26/8/2022 00:36 by mbu69
SS you are spouting the same stuff as 2 years ago on the HHI thread where for some reason MRCH ( from you ) came up I posted the compound dividend growth in MRCH in my sipp. This is a dividend based trust isn't it.

You can see the conversation from here



I had a small top up with in the compounding list of dividend reinvestments i posted and you said "quote: I see your thousand at £ 3.65".

madness ?

I had no guarantee the price would pick up, how could I? But it seemed at a low. The only reason for the top up. Looking at a graph and guessing if you like, basically ignoring external events with a longer time view.

Despite the media telling me everything is doom and gloom which appears to be the norm for as long as i can remember, there is always a crisis it is important to remember there are some winners in every crisis. I have no better idea than the experts do as to what what will be the reality of the world will be in 5 years+ time.

The MRCH share price may go back to £3 tomorrow or the Putin may die tomorrow and a really nice chap who loves the EU ( or at least selling gas to it ) takes over or we all get monkey pox and lock down again or china does something nuts or it never rains again. All I know is that if you have time with an investment don't sell but compound.

I think it's very very hard to get rich quickly but relatively easy to get a little wealthier than average if you have the luxury of a longer time span. Compounding works refer to Einstein.

If you want less compounding more potential growth buy some SMT/SSON or VUSA ETF but they are a bit depressing when things are going down due to the lack of or tiny distributions and compounding.

Chill out!

Did you spot the relatively bit combined with Einstein in the same sentence ?


Regards Mark
Posted at 11/8/2022 19:53 by zac0_4
janeann - that's one of the reasons why I now prefer funds / trusts to individual dividend paying shares. A 10% drop in GSK share price equates to a 0.55% reduction to MRCH share price. I see no reason to sell.
Merchants share price data is direct from the London Stock Exchange

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