Picked up over 1m shares without moving the share price Nice work and deep pockets. 👍🏻👏 |
He owns 3% as of yesterday. |
Haven't a clue, why do you ask? |
who is Martin MacLeish? |
Let's hope the snail gets high as a kite, this one needs to climb like Lucy in the sky with diamonds! |
Its like a snail on acid. Currently sleeping before its next dose. |
Thanks chaps.Peter - It is a rule I apply, looks like one I will break here!, June it is then let's see. |
DD Three months is not long for a buy and hold. A chartist might say that we are looking at a pennant and with a buy-back floor under the shares they can only go in one direction. I refer you to my post 509. |
DD
Do not sell now, as the annual figures are due in June.
They should be good with NAV rising and comment from ST.
Brexit stymied plans for LEBC's IPO but as I said in an earlier blog, their profits should be up this current year and that will increase LEBC's stake substantially when it floats.
I also share your frustration at the moment so you are not alone!
R. |
Morning,I'm normally very patient as a long term buy and hold investor, but that said if after 3 months I'm still no better than my entry I will seriously consider moving on. So having bought these at 284 early December last year My patience is nearly exhausted!, so apologies to all other holders for moaning but hopefully you will forgive me after over 4 months of my investment just going sideways / nowhere. |
DD
I know exactly what you mean! |
OMG.....can't be, surely not, is that blue? ? |
 Some very good posts on here which relates for once without a debate about Brexit!
(See Lloyds for up to date state of the nation commentaries but absolutely nothing about the banking business)
I am slightly under water with the current share price here but hope it will perk up as we approach the annual statement.
In my opinion the two jewels in their portfolio are LEBC and NEXUS,and the one juicy future prospect of LEBC floating.This has been put back due to Brexit uncertainties but may still reward patient holders as their figures will be higher this current financial year and so the float pricing when it happens will reflect that , so there may be a silver lining for holders even with the delay.
I should have sold last August when it touched 330p but.....
The other negative here is the spread buying and selling which would put many off.
Skyship, point taken, on performance,but hoping for some better news with the finals. I would like to see how their American investments are, and if they are making any money and if so, how much. That is all a bit vague in previous updates.
Simon T. :always good to have a serious financial commentator following a stock. For me,that fact is a huge deciding factor when buying shares. However investors have to follow , read , and decide before buying shares for themselves.
R. |
This is a long term investment into private equity insurance and should be treated as such. Never to be a substantial investment but part of a well diversified portfolio. In effect when you buy shares in this company you are investing in the knowledge and expertise of entrepreneurs who are running their own brokerages and livelihoods. BP Marsh receive very many finance applications and reject most of them. I write as an independent shareholder for the last six years during which time my holding has doubled in value. I'm one of very few who attend the AGM. Come and join me, meet the directors and ask them anything you want about the business and the investments. Each RNS contains as a footnote a large amount of information about the company and there aren't many that do that. |
"I'd love to understand what the catalyst might be for a step change in the market's appreciation of this one."
The problem here is that you've had the catalyst, actually two.
The first was the adoption by Simon Thompson whose regular, perhaps too regular, tips and re-tips have instigated and sustained a rise from the 200p level.
The second is the Discount Control Mechanism (DCM) of the at first 20% discount buyback level, subsequently uprated to a 15% discount level. This is a laudable initiation for a company with very small "free equity" base. If it weren't so small then the book would be stuffed with sellers.
Why? Because, as I've stated in the past, the claimed long-term performance growth of 12%pa is a con as most of the above average performance was way back in the past when BPM was a private company. The actual stats since their IPO in 2006 shows a compound growth of just 7.1%, with most of that growth in the past couple of years thanks to Hyperion & Nexus.
Couple that substantially below sector average growth to the miserly 1.7% yield and you can perhaps understand why the share price has stalled. Another good reason is that controlling shareholder Brian Marsh has turned into a tap seller as he wishes to “diversify his assets”.
I admit I sold too soon here; but there is no way I would now seek to re-join.
Far better value elsewhere in the two "Assets at a Discount" sectors of Private Equity & Real Estate. Yields too! |
I agree it's not an exciting share. However, I fully expect it to do well over the longer term based on fundamentals of the portfolio companies.
I think Brian's baby is just a bit too small and a bit too niche for most analysts. Simon T attempts a decent 'sum of the parts" valuation every few months and that generally gives the share price a boost, albeit sometimes a temporary one.
I'd love to understand what the catalyst might be for a step change in the market's appreciation of this one. The LEBC flotation may have had that effect but, as we know, has been l kicked down the road by a few months at least.
I'll continue to hold for now. |
Unfortunately not held for that long though and still a smidge underwater........c 11% over a year doesn't get my blood pressure moving too much though :)More patients required I guess. |
The longer term chart has this up 200% over the last 6-7 years. I’m expecting it to grind higher on the fundamentals which appear to me to have a good risk reward balance. I find that quite exciting. |
No offence chaps but this is one boring share!....does nothing. ? |
Steve
Thought about as much as a director sold not long ago. This was mooted by ceo of LEBC last year,so no real surprise the float was pulled.
Good news is the profits should grow this year and float price should reflect that increase.
Bad news,not a lot until June Finals.
R. |
LEBC IPO is being postponed due to the distraction caused by Brexit (not suggesting we’re leaving, it’s just called Brexit now)!!
Brief article in FT Advisor
Potential for a short term higher price discovery is deferred but not a big issue. |
Turnover 50k with 4/1 buys.
Some leaked news? |
steve Makes sense, but not too certain they have dropped the ask, don't have level 2 either so not certain.Thanks |
DD4, I share your angst but there might be a perfectly rational explanation. In another of my illiquid holdings MMs routinely mark down the price to attract buyers and bid it up to attract sellers in order to balance their books. I don’t have level 2 access as I’m too tight but someone who has might have a better view of the bids and offers either side of the share price |
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