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QYM Quayle Munro

590.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quayle Munro LSE:QYM London Ordinary Share GB0002996717 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 590.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 590.00 GBX

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Date Time Title Posts
04/4/201815:21The Quayle Munro Holdings Thread512
29/9/200720:28Quayle Munro with Charts & News-

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Posted at 10/9/2017 10:33 by stevie blunder
I reckon it isn't that complicated in fact.
I am in the same position as you with a pre-delisting holding and a post de-listing purchase.



Post delisting and splitting into A and B shares I have used the Price Waterhouse Valuation as of Dec 2013 to split the cost of the A and B shares:

A shares 253p
B shares 263p

so cost of A shares 253/(253+263) = 0.49031
cost of B shares 263/(253+263) = 0.50969

Then I bought A shares at 291, and B shares at 314 in Jan 2107. So it is easy enough to get an average cost.

In my case my average cost is A shares 243p
B shares 254p

Next the proposed split gives:
B shares = 0ne-for-one QMM B shares value 463p
So nothing changes for the B shares, original average cost
just transfers to the QMM B shares


A shares+ One for one QM Advisory share value 390p
+ one for one QM Capital share value 26P

So for the QM advisory shares the cost is 390/(390+26) = .9375 x average cost of the A shares

and for the QM capital shares 26/(390+26) = .0625 x average cost of the A shares

And I reckon that is job done :-)
Posted at 06/9/2017 12:54 by stevie blunder
Hi Mick
I think You are right about the meetings in September being a formality so I have decided to just post the voting forms

I am thinking of going to the AGM

I don't have my paper work to hand because I am in Orkney for a few days but when I get back I can share my understanding of the CGT calcs. It will be a little complicated!
Posted at 15/10/2014 17:01 by stevie blunder
It's on the website under Development Capital, listed as an "Exited Investment" I had missed it till today, just stumbled over it.

If you do a search on Google News for Duncton, who are the Moneybarn parent, you will see the deal was done in August. Here is the announcement of the deal from Provident Financial:



The board of directors (the "board") of Provident Financial plc ("Provident Financial" or the "group"), the leading UK non-standard lender, announces that it has agreed to acquire the entire issued share capital of Duncton Group Limited for £120 million (the "acquisition"). Duncton Group Limited and its subsidiaries operate under the Moneybarn brand, and together form the UK's largest non-standard vehicle finance group ("Moneybarn").

----------------------------------------

According to the presentation last November QYM had 2.72% valued at 300k, so the uplift is just under 3 million, just over 60p per stapled A&C share, ie us.

Edit: it's the A and B shares that are stapled. But the value does accrue to the A and C shares.

Maybe they will make a special divi? Would be nice.

Good news on a down day anyway.
Posted at 15/10/2014 09:54 by stevie blunder
I also see that they have sold out of Moneybarn. Hopefully at a good price after they said it had had a "transformational" year in 2013.
Posted at 16/8/2014 22:25 by stevie blunder
Hi, I agree there is little coming up on the Transactions page, which could be worrying. However they said at the interim stage that:

"We have a healthy pipeline of potential and mandated assignments for the remainder of the period, and we are cautiously
optimistic that we will deliver a satisfactory profit for the period to 30 September 2014."


The reason for the change of year end was that a lot of transactions closed in the summer months so that a September year end was more appropriate. Hopefully we shall see more evidence of that.

Last year the share dealing form was sent out 18th Nov so I would expect similar this year.
I will try to get to the AGM this year since they have quietly dropped the promised Edinburgh meeting.
Posted at 16/8/2014 13:47 by joan of arc
Stevie, I just took a look at the QYM website to check on dates and I noticed that they are getting virtually zilch advisory work compared to last year which seems a mile from their confidence at the interim report stage. Take a look and tell me what you think.

PS. When is the next share auction date, do you know?
Posted at 02/6/2014 20:48 by joan of arc
Yes, I viewed them as my security but they are not getting any younger and I am not so convinced about the integrity of the new bunch. They may be playing a game of attrition to mop up the Morris shares before they get serious about realising the asset.
Anyway they pay a good divi still and I have made and cashed in a fortune thanks to QYM. The one thing to watch is the cash and whether this gets syphoned off or not or used to pay the divis. That will be a warning signal.
Posted at 20/5/2014 19:50 by stevie blunder
The final was split 17p for the A shares and 5p for the C, ie the Morris income.

The income consists of the interest on the shareholder loan of 4.2 million which is at 10% (from memory), so should be around 10p/share less tax over the year.
So more to come at the finals. Also interesting that they say they will take into account the longer reporting period when setting the final since this will be a 15 month year with the change in year end, so should be a one off larger divi in November.

I am hoping Morris will pay a divi in the next few years if they don't float or get sold.

It is jam tomorrow, but they say they will make satisfactory profits this year, so here's hoping. And they all have lots invested so should be keen to see it work.
Posted at 07/9/2013 14:11 by stevie blunder
Will do.
Shareholder communication will be more difficult for them in the future since I assume they will not be using the RNS services. I haven't got a definitive answer from them how they will make the announcements. I would suggest it might be a good idea to drop them an email to let them have your email address. I normally contact Andy Walls.

Likewise I don't have an answer about how the interest from the Morris loan notes will be handled. The announcement says that it accrues to the B shares, but will it be paid out or rolled up? We don't know. Also any Morris dividend should go to the B shares. That could be significant as Morris paid 2 million in divis in 2006.
Loan note interest of 200k plus QYM's 23% share of potential 2 million divi is something like 15p/share (less any tax). :-)
Posted at 31/3/2013 19:24 by stevie blunder
With regards to the investment side, in fact that was emphasised as becoming more important. They have identified 8.5 million available for investment in companies they are advising (page 14) They are also starting a Friends and Family facility allowing very rich individuals to co-invest alongside QYM. This would eventually lead to some revenue in management fees.They have had some interest, but still early days. Investing in private companies locks them in as advisory clients when they come to exit.

I spoke to Andrew Adams, who joined with Van Tulliken, he made the point that he had accepted QYM shares at 1400p for his company, and it was now up to him to get the share price up and get his money back!

Each to his/her own, but I am happy investing alongside these folks. :-0

Edit : in answer to your question, I guess that is what Kemball thinks is needed to retain the talent. With his background at Hawkpoint he should know what he is talking about. Apparently a lot of the major shareholders support Kemball's plan. There will be a circular on the proposals later in the year with the new arrangements taking effect in the new financial year if approved.
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