Share Name Share Symbol Market Type Share ISIN Share Description
B.p. Marsh & Partners Plc LSE:BPM London Ordinary Share GB00B0XLRJ79 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  9.00 2.78% 333.00 38,824 15:48:14
Bid Price Offer Price High Price Low Price Open Price
332.00 334.00 333.00 324.00 324.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 17.42 13.74 38.20 8.7 125
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:53 O 500 333.00 GBX

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22/6/202119:20B.P.Marsh & Partners -- Growth Potential701
20/6/201819:19*** B.P. Marsh ***3

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B.p. Marsh & Partners Daily Update: B.p. Marsh & Partners Plc is listed in the General Financial sector of the London Stock Exchange with ticker BPM. The last closing price for B.p. Marsh & Partners was 324p.
B.p. Marsh & Partners Plc has a 4 week average price of 300p and a 12 week average price of 267p.
The 1 year high share price is 333p while the 1 year low share price is currently 215p.
There are currently 37,423,138 shares in issue and the average daily traded volume is 43,621 shares. The market capitalisation of B.p. Marsh & Partners Plc is £124,619,049.54.
davebowler: -- 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)
speedsgh: @retsius. Spot on... Targeting a major chart break-out - HTTPS:// ...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.
tresham: The discount is too much for a diversified safe share.
tresham: 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.
yf23_1: The wave/particle duality of the BPM share price LOL !
its the oxman: 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.
its the oxman: 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.
thirty fifty twenty: nice to see the rise today, though IMHO a little odd correlation to the RNS ATC was last valued at c.7m so even a 50% increase is only 3m (c.2%) onto BPM NAV. Still it is the latest of 'information' RNS where they dont say much other than highlight the good performance with their underlying investments. the 2 most material investments are Nexus 40m + NFC financial planning 35m. an interesting presentation yesterday from TAT and also TU from QLT today, as well as other recent sector news bodes very well for NFC. and BPM couldn't have been more positive about the profit forecasts for Nexus last time. current NAV is 396p and i think a >5% uplift can be expected, added to this that the company has publically stated that it wants to buy back its own shares and i agree that we';; soon see the price start with a 3 handle. ALl IMHO, DYOR + BoL BPM is in my top 5 hldgs
thirty fifty twenty: hi Oxman - i'm wondering if this is a leading indicator.... at the late stages of the boom (per Warren Buffet), investors sold shares in good quality business, to buy into momentum stocks? i can easily imagine a private investor thinking ' BPM is boring - might rise 20% in 2021. i'll sell that and buy xyz that might rise 20% this month!. All IMHO, DYOR + BoL BPM is in my portfolio
spob: Exploit BP Marsh and Partners anomalous discount to NAV Simon Thompson Investors Chronicle September 9, 2019 Https:// Financial markets should operate efficiently, embedding all known information into asset prices. However, if they did so then the share price of insurance sector investment company BP Marsh & Partners (BPM:216p), a company that has delivered 11.9 per cent average annual compound growth in net asset value (NAV) since 1990 by backing the management of its investee companies, would not have fallen by a fifth last week. The share price reversal was prompted by news that LEBC, a financial advisory group in which BP Marsh holds a 59 per cent stake, agreed voluntarily to cease providing defined-benefit (DB) transfer advice following a market-wide review by the Financial Conduct Authority (FCA). The DB segment of the business accounted for a fifth of LEBC’s annual revenue. The stake in LEBC has a carrying value of £35.5m (98.6p a share) in BP Marsh’s accounts, implying an enterprise value of 13 times LEBC’s operating profit after adjusting for net cash on its balance sheet. The stake also accounts for over a quarter of BP Marsh’s last reported net asset value (NAV) of £126.2m (350p a share). LEBC has performed well to date, but clearly there will be an impairment charge on the holding when BP Marsh reports its interim results on Tuesday 15 October. But what investors have ignored is that BP Marsh’s board have said that “the strong performance delivered by a number of our investee companies in recent months means that the company will emerge in a satisfactory position as regards its financial results.” In other words, expect valuation uplifts on the rest of the portfolio to largely offset the write-down on the LEBC investment. In fact, the directors brought forward a pre-close trading update to highlight just how well some of the investee companies have been performing. For instance, BP Marsh holds a 44.3 per cent stake in CBC, a retail and wholesale Lloyd's insurance broker, that has a carrying value of £4.9m, implying an equity value of £11m for CBC as a whole, or 11 times last year’s annual operating profit. But the directors has revealed that CBC’s cash profit is on target to increase by 40 per cent in 2019, the same rate of growth as in 2018. It’s not the only high-growth company that BP Marsh is invested in either. For instance, BP Marsh has a 20 per cent stake worth £6m in EC3 Brokers, an independent specialist Lloyd's broker and reinsurance broker. The business was founded by its current chief executive, Danny Driscoll, who led a management buyout to acquire EC3's book of business from AJ Gallagher in 2014. BP Marsh invested £5m in EC3 in December 2017, since when it has grown revenue from £9m to a forecast of almost £14m this year, while maintaining a good underlying profit margin. I also note that BP Marsh’s 40.5 per cent stake in Walsingham Motor Insurance, a niche UK fleet motor Managing General Agency, looks set for valuation uplift, too. The holding is in the books for £1.37m, implying an equity value of £3.3m. However, Walsingham has already generated £21.5m of premium income in the first 10 months of the 2019 financial year (£19.8m for the whole of 2018) and is expected to “report cash profits significantly ahead of the 2018 result (£0.6m)”. I could go on highlighting other portfolio companies that are set for a valuation upgrade, but I think I have made my point. Namely, the steep fall in BP Marsh’s share price since its annual results (‘BP Marsh posts record net asset value’, 11 June 2019) means that the shares are now trading on a 38 per cent discount to the company’s last reported NAV even though the board is guiding shareholders to expect a satisfactory first-half NAV performance. Markets are not working efficiently here. Shares in BP Marsh have produced a 175 per cent total return including the recently paid final dividend of 4.76p a share for the 2018-19 financial year since I first advised buying at 88p ('Hyper value small-cap buy', 22 Jan 2012), a performance driven by the strong investment performance of its holdings. I expect that outperformance to continue, making the deep share price discount to NAV not only anomalous, but well worth exploiting. Buy.
B.p. Marsh & Partners share price data is direct from the London Stock Exchange
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