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MAJE Majedie Investments Plc

249.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Majedie Investments Plc LSE:MAJE London Ordinary Share GB0005555221 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 249.50 246.00 253.00 253.00 253.00 253.00 23,241 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 21.27M 16.27M 0.3071 8.24 134.09M
Majedie Investments Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker MAJE. The last closing price for Majedie Investments was 249.50p. Over the last year, Majedie Investments shares have traded in a share price range of 179.50p to 254.00p.

Majedie Investments currently has 52,998,795 shares in issue. The market capitalisation of Majedie Investments is £134.09 million. Majedie Investments has a price to earnings ratio (PE ratio) of 8.24.

Majedie Investments Share Discussion Threads

Showing 326 to 349 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
11/3/2024
12:21
Well theoretically it would make sense for an endowment fund with infrequent genuine NAV updates if the manager establishes a reputation for delivering. Clearly what the manager want to achieve to allow the fund to grow through share issues.
makinbuks
09/3/2024
17:28
Can we dream it gets to a premium rating?
edwardt
06/3/2024
16:33
I'm actually pinching myself here. Is the price really £2.40 XD!! I'm a natural worrier so I'm now thinking about how robust the NAV is and whether we can trust the valuation of these SPV's. Time will tell and I will be around one way or another
makinbuks
24/1/2024
14:01
Fingers crossed!
ladywormer
24/1/2024
10:13
What a pleasure it is to hold this now after so many frustrating years. Narrowing discount and now a significant rise in NAV. Hopefully the manager is also making progress towards the structure he wants as we near the first anniversary of his stewardship
makinbuks
02/11/2023
12:14
A good read! So far so good I would say. Pretty astonishing reduction in the discount 10.46% today they say. That's despite a negative NAV through Q3
makinbuks
30/10/2023
16:19
The Q3 report is out - more detail on 'specials'
smidge21
25/10/2023
17:24
Since my post on 30th June the discount has almost halved to 12%. NAV has actually reduced by 3p. Someone likes them! That's a very impressive record in a period when discounts have been widening to an unprecedented degree. The question is, is it justified? Nothing to suggest so in the September fact sheet. About the most interesting thing I thought was they were 9% cash. Presumably we will get an update in November
makinbuks
04/7/2023
12:01
Possibly some value here, although there are other broadly similar trusts on even wider discounts but with an established track record, such as CLDN to give just one example.
riverman77
04/7/2023
11:54
HL now estimates the discount at 26.63%
makinbuks
30/6/2023
08:04
Looking very unloved again at a 23% discount. Very difficult to judge without any track record but if the new manager- is successful this may prove a low
makinbuks
02/6/2023
10:32
The actual spread is way better than what advfn are showing. It's currently 192p - 192.84p. That's too attractive to ignore and I'm back in.
brwo349
30/5/2023
10:03
Discount seems to be widening again riverman. c.20%.

Another question is how they are going to stimulate demand for the shares. The spread is wide

makinbuks
28/5/2023
19:27
I'm not sure about the new manager really. It seems a bit similar to the Majedie approach which had various sub-funds. Here we get special investments, third party managers and direct investments. Seems a bit too eclectic for my liking, but willing to give them the benefit of the doubt for now. Not sure why they do 10-20% in direct investments. If they were any good at it, then that would be higher.
topvest
26/5/2023
13:49
I hope the new strategy does well, but not really a fan of fund of funds because of the double layer of fees. Discount also no longer wide enough to Interest me - lots of other good trusts on much wider discounts. Will keep an eye on it though as potentially interesting.
riverman77
26/5/2023
13:37
This looks even more eclectic now. Anyone know what the special investments are (e.g. Project Bungalow!)? I see William Barlow has been knighted - well done! Anyone know why?
topvest
10/5/2023
14:57
Steve, have you watched the managers video (see my post 306 above) It gives some more detail on what is meant by annuity style investments and examples. They have to be somewhat coy for commercial reasons so an element of trust is necessary.
makinbuks
10/5/2023
12:57
Just looked at the March factsheet.
48% is invested in external funds.
Direct equities are 20% which is in the normal range for a fund of funds.
Another 6% is committed to 'Special Investments'.
They are given strange names like 'Project Bungalow'.
What are these investments? Who knows, certainly not me.
Experts say if you don't understand an investment don't invest and at the moment I don't understand Majedie.
I'll have another look when the annual report is published.

cynicalsteve
19/4/2023
08:17
Liontrust shares off 5% today, were £12.50 a year ago and under £9 today.

I have great hopes for the current strategy and fully understand that the ownwer managers at Majedie needed an exit. But you can't escape the fact that Barlow, having done brilliantly to identify and back the Majedie team in the first place, completely mismanaged it in the last five years. The timing of the sale to LT and the price were the final act of that mismanagement

makinbuks
19/4/2023
08:11
This is a bit galling from the Liontrust announcement this morning:

"It is a year since we acquired Majedie Asset Management with a final purchase price of £41 million2. Over the financial year, the investment team who joined from Majedie generated performance fees of £12 million, out of a total of at least £17 million for Liontrust as a whole."

makinbuks
12/4/2023
14:00
Living up to your name then Steve! I wont be looking for too much from the March factsheet. I agree with you, we have effectively just IPO'd and the track record now needs to be established. I'm encouraged that the manager has bent over backwards to make it a good deal for holder
makinbuks
10/4/2023
15:24
February factsheet says the transition of the portfolio is almost complete so the March factsheet will give us the real portfolio to assess. Discount is currently 14% which is about right for a fund of funds (the percentage of direct equities is higher than usual though), it will take a few years of good performance to get the share price up to NAV and unless the discount widens a little I won't be buying yet.
cynicalsteve
03/4/2023
08:15
Very good presentation from the new manager including recognition of the point I made above that they need to sell their proposition better. Early days with the transition only just having happened but they talk a good story
makinbuks
26/2/2023
13:43
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
makinbuks
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older

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