It's just been tipped by Simon Thompson in IC, though as I don't have a subscription I don't know what he's said or what his target price is. |
Nice spike 250p now , wish I bought more lower down. may see some profit taking dips, but still see us moving much nearer 300p in weeks ahead. |
Agreed, a very good NAV performance - though admittedly to pre-Covid valuations.
Good that finally they have more honestly declared their historic growth to post IPO stats, rather than the foundation of the company when private.
Only query really is why to cut the already pretty parsimonious dividend. |
I agree the discount has to fall now. No details on how the virus has impacted the NAV given these are 31st Jan figures but they suggest not a big impact. |
Very pleasing results with nav up nicely, huge discount will surely narrow if main market can hold onto its bounce back. Reduced div as expected. Hope to see this moving toward 250-300p range. |
Do not necessarily see bpm creating fireworks short term, and had hoped we might see one or two of it's holdings listed at some point with uplifts to nav. Those opportunities are pushed back now but still seems well run enough and cheap = at sizeable discount to nav. A move back toward 300p would be nice and it could easily see substantial gains if wider market ever moves up and breaks through 7000 again. In the new world of covid 19 there are probably many worse shares to be exposed to. |
Organic growth reinvestment back into the business. Creates financially sound companies. Dividends are only part of the story. |
I am happy with 'a mere 7.5% p.a! In a very low inflation environment. So he hypes it a bit. Bug deal. No reason for a personal vendetta |
No, most certainly not - not meant to be a literal translation. I just think the valuation from time to time is based on an entirely false premise. |
SKYSHIP,are you saying this is a fraud and Brian Marsh is fraudulant?No holding. |
I sold when Millie left and I'm convinced XPT pensions will come back to bite them. |
Its the OXMAN - NAV tba in June. What do you think that will reveal? After all, one only buys BPM for the NAV discount; most certainly NOT the yield!
What the bulls have to bear in mind is this extraordinary deception rolled out with every set of figures:
"From its inception in 1990 until 31 July 2019 the Group has maintained an average annual compound increase in NAV of 11.7%."
The major part of that growth was aa a private company pre-IPO. Far more relevant is the post IPO growth - a mere 7.5%pa - Brian Marsh always omits to reveal that unvarnished truth... Also bear in mind that that growth would be halved if they paid out a realistic dividend.
The stock is a con in my eyes; though you can still make trading profits if you time the Simon Thompson tip well. |
Final results will be 9th June |
Is this not a total bargain sub 200p |
Positive sounding update but no new nav until June. |
hTTps://citywire.co.uk/new-model-adviser/news/lebc-redundancies-see-50-advisers-leave-in-2019/a1316481?re=71230&ea=252901&utm_source=BulkEmail_NMA_Daily_EAM&utm_medium=BulkEmail_NMA_Daily_EAM&utm_campaign=BulkEmail_NMA_Daily_EAM |
Trading update early Feb. Hoping it's fairly positive. |
Any idea when the next results are due or results from a company they have a large investment in??
Cheers |
Should be 300p plus here |
Creep creep then spike hopefully. |
Can't sell either. Very tight |
Can't buy even 1000 without negotiated order on a wide spread. Crazy. |
Back above 300p hopefully |
Being left behind by the market, suspect it will spike up on the next update if not before. |
4p spread at the moment |
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