B.p. Marsh & Partners Share Discussion Threads

[retsius] 10/10/2023 08:44

Money in Bank.
Now for ST to comment.
GLA.

[1djinn] 25/8/2023 11:48

Why has the EPS forecast fallen so much and who forecast the reduction?

[davebowler] 09/8/2023 13:47

hTTps://citywire.com/new-model-adviser/news/lebc-group-enters-administration-and-sells-assets-to-subsidiary/

[russman] 08/8/2023 05:46

a bigger buyback program; it has not worked so far.......

[yf23_1] 14/7/2023 13:01

It's alive !

[yamaha865] 18/6/2023 11:12

Tip in daily mail. Maybe 5% boost tomorrow?

[yf23_1] 13/6/2023 17:23

I would have thought it obvious that the 'ploughing cash back into growth' is not convincing the market to put this on a higher rating to close NAV gap hence the need to pay a decent divi and show its sustainable through sales and recycling the money back into new investments.

[kispis59] 13/6/2023 11:46

Agreed,the gap between share price and NAV is not going to close with such timid management.

[yf23_1] 13/6/2023 08:25

Diluted NAV now 516p. To return £13m to shareholders (thats 10% mcap).
Pathetic divi. They need to man up and increase the normal divis.

[cricketcrazy] 23/5/2023 13:39

This is a stunning deal resulting in 40% of the market cap will now be in cash. Surely if investors do not find this attractive, the company could easily go private following the impact of this transaction.

[yf23_1] 23/5/2023 08:31

That's nice, a lot more cash in. Not going to help the buyback, so they could just return some cash or up the divi.

[yf23_1] 18/5/2023 15:52

A rise on next to volume. Wonder how the buyback is going.

[cwa1] 06/2/2023 16:34

Investee Company Update - XPT Group LLC ("XPT Group")



B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, announces that is has entered into a new loan agreement with XPT Group to provide a further US$6m of funding via a short term US$2m Revolving Loan facility and a US$4m Term Loan. These facilities were drawn down in full by XPT Group on completion.



XPT Group has utilised these funds to acquire Cal Inspection Bureau Inc ("CAL"), a California based physical inspection company that carries out surveys and inspections of sites, on behalf of insurers and insurance intermediaries. CAL was established in 1988, by its founder and president Emil Moskowitz, who has joined Platinum Specialty Underwriters ("Platinum") as part of this acquisition.



CAL is widely regarded as the premier underwriting survey and audit business on the west coast of the USA, working with almost every MGA and wholesale broker in their territory. With CAL as part of Platinum, the goal is for CAL to become the premier underwriting survey and audit business throughout the USA.



XPT Group sees the services offered by CAL as a natural adjunct to Platinum's current wholesale channel business model, with Platinum being able to offer physical inspection services alongside other third-party claims adjusting administrator offerings.



The acquisition of CAL is XPT Group's 13th acquisition since formation.



XPT Group's performance since its inception has been impressive, with the business producing Gross Written Premium of over US$500m in its financial year ended 31st December 2022 (2021: US$400m). XPT Group is projecting strong growth during 2023, both via its continued acquisition strategy and underlying organic growth.

[yf23_1] 17/1/2023 15:45

A 20% discount to 499p means they can buy up to £4.

[yf23_1] 17/1/2023 15:44

Don't see how they can do a share buyback, there's no volume at present.

[thrugelmir] 09/1/2023 14:38

Great news. PE with transparency. Not smoke and mirrors.......

[skyship] 28/10/2022 21:02

poacher45 - you are absolutely correct - BPM is a very bad case of controlling shareholders ripping off the minority. Very low dividends as paying a realistic dividend reduces Net Assets.

Sorry Thrug - but you're totally naive if you think you're going to get a square deal here.

Read my posts going back 3-5yrs. BPM always exaggerating their performance, relying on stats from when they were a private company. Since their IPO they have been the worst performer in the PE sector other than LMS - another rip-off family controlled company.

[thrugelmir] 26/10/2022 13:51

Sell your shareholding and invest elsewhere then. No one is going to listen to your nonsense.

[poacher45] 26/10/2022 10:42

I have now checked Mr B. P. Marsh's salary in the annual report for the last four years:-

2022 £359441
2021 £278675
2020 £240473
2019 £159861

I will not embarrass the other directors. This to me is the unacceptable side of capitalism. Small shareholders dividends cut and his salary more than doubles absolutely disgusting. It is time for the other directors to voice their opinions.

[tresham] 26/10/2022 09:24

It is annoying that they didn't answer your question. They should be bold enough to say they want to use all the company cash for investment.I expect you would get an answer from Daniel Topping if you contact him direct.

[thrugelmir] 26/10/2022 09:16

Never going to be a dividend share. This is an early stage investment company that's looking for capital growth via eventual trade exits. You would hope the companies that they are investing in do likewise with their profits and grow organically. Insurance being a capital intensive business.

[poacher45] 26/10/2022 08:50

Last week I registered for the conference call. I AM A SHAREHOLDER. They said that all questions would be answered. I said I was happy with the progress the firm had made but was very disappointed with the dividend which is nearly half what it used to be. The only reference they made to the dividend was that it will be kept the same next year. Perhaps they ought to cut their salaries in half. They have not answered my question directly and obviously care very little about the smaller shareholders.