-- Total Shareholder return of 10.1% for the year including the dividend paid in July 2020
-- Net Asset Value ("NAV") increased by GBP13.0m to GBP149.9m (31 January 2020: GBP136.9m), a 9.5% increase net of dividend paid in July 2020
-- Net Asset Value per share increased by 36.3p to 416.4p (31 January 2020: 380.1p)
-- Consolidated profit after tax of GBP13.7m (31 January 2020: GBP12.5m)
-- One new investment; Sage Program Underwriters Inc. in Bend, Oregon, United States
-- Proposed dividend of 2.44p per share payable in July 2021 (2020: 2.22p) |
@retsius. Spot on...
Targeting a major chart break-out -
...So, with multiple profit drivers for investee companies in place, and BP Marsh’s share price closing in on the 2018 and 2019 record highs of 314p, then there is a strong likelihood of a major chart break-out and one that should gather momentum if there is a liquidity event in the coming months to spark a significant narrowing of the unwarranted 27 per cent share price discount to NAV...
...My 375p target price could prove conservative if assets disposals are at a premium to carrying value. Buy. |
Yes. Long detailed analysis. New tp of 375.comments about unwarranted large discount to nav |
Tipped by ST? |
The discount is too much for a diversified safe share. |
Looks like your right Tresham, 10% growth, very respecatble given covid. 2.4p div to come as well. |
Yes, see my previous post re nav, discount has narrowed to 10-15% in past , so arguably plenty of upside and more if one of the larger holdings lists, has been talk in the past. Very much ignored by the market this one until newsflow comes along or it gets tipped which I think will happen again. |
What are you expecting for NAV per share?
I think NAV will have increased 10% over the year, PE=10 at £3 and future growth of about 10% in this year. Discount of about 25% doesn't stop me buying. |
June results not far away now, could spike higher at any time. |
I've been buying back in. Used to have a considerable holding in the past. |
Last nav was 396p, should be a big uplift to 31st Jan. Say 450p. c.20% discount and we could be 350p in early June. Probably won't happen like that but you never know. |
290p, been a long time coming, but break above 300p now in sight. |
I suppose directors can't sell before results. |
Just can't buy any shares. Surely Marsh could sell some? |
Someone taking an interest here at last. Plenty of upside undet 300p |
Its doing its particle thing at the moment so I expect a straight trajectory before it returns to its wave characteristic.
Of course, us observing it may affect the outcome ! |
Something up with the muons perhaps?
I guess if this shoots up over 400p that would be proof that it is the muons at play and that the standard model needs rewriting. |
The wave/particle duality of the BPM share price LOL ! |
Starting to move today 280p offered. Should be an easy ride over 300p given what wider markets have done recently. |
Tempted to recycle some profits into bpm, looks cheap and left behind but it's just the wait till the next newsflow and nav update. |
I will keep dreaming.... |
And if Nexus ipo happens the upside should be more. |
Who knows but would like to see nav near 450p come Oct interims and c.15% discount. Putting at least another 100p on current share price. We will see. |
hi thirty, yes that's right, I think I was the only buy yesterday at 271 but someone's busy this morning - not me though, I've finished building my stake now, been buying between 240-270 since the summer but cash is short. Will re-organise come April and the new tax year and if still sub 300p will buy more.
20% discount to NAV should be achievable I think, that's my basic rationale but the growth story of the specialist insurance industry and rating environment right now puts a bit of heat under it so should hopefully see the NAV grow and discount shrink for a double whammy. |
hi squeamish - totally agree with you analysis.
noticed there were buys going through today so guessing that was you topping up!
given strong rate markets can only see NAV increasing... say to 430p would be 8% rise
the market for IFA's is also full of acquisitions which will underpin the value there.
i think the Aussie's will take over the rest which will give Brian a nice exit route too.
my target (without takeover) is 20% discount to NAV i.e. 340p after next results
and one even has the company saying it would buy back its won shares if it could!!
the rise wont ever be massive (unless the bid does come),
but for decent upside and i'd have thought very limited downside,
i've not seen any better bets in the insurance sector.
All IMHO, DYOR + BoLBPM is in my portfolio |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
