B.p. Marsh & Partners Share Discussion Threads

[cwa1] 12/6/2018 07:58

AND a placing and offer at 7.54 am.....

[cwa1] 12/6/2018 07:56

7.51 release? Cutting it fine. Somebody sleep in?!

FINAL RESULTS FOR THE YEAR TO 31 JANUARY 2018

B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, announces its audited Group final results for the year to 31 January 2018.

The highlights of the results are:

-- Increase in the Equity Value of the Portfolio of 31.3% (GBP18.9m)
-- Net Asset Value of GBP98.9m (31 January 2017: GBP79.7m), a 24.1% increase, net of Dividend
-- Net Asset Value increased to 339p per share (31 January 2017: 273p)
-- Total return to Shareholders in the year of 25.5% (2017: 13.9%)
-- Consolidated profit after tax of GBP20.2m (31 January 2017: GBP9.8m)
-- Average Net Asset Value annual compound growth rate of 12.0% since 1990
-- Final Dividend of 4.76p per share declared (31 January 2017: 3.76p), a 27% increase
-- Cash and treasury funds balance of GBP5.4m at year end
-- Four new investments - two in Lloyd's Brokers and two in the USA
-- Two disposals - Besso and Trireme
-- Further investment into LEBC of GBP7.1m
-- Provision of follow-on funding to Nexus of GBP4m
-- Current uncommitted cash of GBP0.5m
"On the conclusion of an excellent year, the Group is in a sound financial position, has a strong portfolio of investments and a management team committed to driving our business forward. The Group is growing strongly, delivering consistent year on year returns to shareholders and is well-positioned to deal with any uncertainty arising from the UK's exit from the EU by April 2019. The Board looks forward to the year ahead with confidence."

[retsius] 09/6/2018 14:01

Any views on next week's figures?
BB seems abnormally quiet!?
R.

[retsius] 01/6/2018 14:34

Very nice rise this week, building for final results on the 12/06.
We have been told in the Feb. Trading Update that they will be satisfactory.

Absolutely nothing on the past months of current progress but we hope it will be good.
As always,DYOR,
R.

[retsius] 21/5/2018 19:41

Very poor day considering the market as a whole.
Why sell now with results in three weeks and Simon Thomson upgrade after excellent results?
R.

[its the oxman] 13/5/2018 21:35

Bought in this past week 256p - hoping for a run through 300p this year plus the div.

[retsius] 20/4/2018 14:27

Up a penny. First rise in share price for four months. I'm getting excited.... not!

[peter27] 21/3/2018 09:14

This was raised at the last AGM so I'm glad they listened.

[skyship] 21/3/2018 08:51

Well, if ST doesn't return with another IC Online boost, at least the backstop here might be buybacks at 243p!
=========================

The Group remains of the view that the authority to be able to undertake buy-backs of small parcels of ordinary shares of 10p each in the Company ("Ordinary Shares") is an important stabilising mechanism in times of market or share price volatility. The Group's previous policy was to consider buy-backs when the Company's share price dropped to more than 25% below its published Net Asset Value. Pursuant to a recent decision of the Board of Directors, it has been agreed that this threshold will be amended so that buy-backs can be considered whenever the Company's share price is more than 20% below the Net Asset Value as stated in the Company's most recently published balance sheet.

[russman] 13/2/2018 09:51

Hopefully give it a boost.

[retsius] 12/2/2018 13:30

Simon T. In today's IC online.

BP Marsh, new target 300p.(looking at 330p asset value going forwards)
Excellent write up and new upgrade.
R.

[retsius] 09/2/2018 18:12

Skyship
You have a point!
R.

[shauney2] 09/2/2018 17:55

Skyship,so what?We all invest in what we feel comfortable with.I'm happy to be holding here for now and the last 2 or 3 years.

[skyship] 09/2/2018 17:32

Well all - Brian Marsh loves to wallow in the performance of a private company pre the 2006 listing - all totally irrelevant. The post listing NAV has progressed from 153.2p to 304p for a compound growth figure of 6.42%.....added to which an only recent dividend yield of c1.7%pa

This performance gives him the wooden spoon in the PE sector, worsened only by Candover (CDI). The other PE trusts have massively outperformed.

The share price has mainly risen in the past two years thanks to the frequent massage by Simon Thompson in the IC.

[retsius] 09/2/2018 17:19

Skyship
NAV increased 11.3% since 1990.(figures fro m Simon T. in his IC files)

Anyway it's not the past which is focussing peoples' attention at the moment, but current developments.
Director sale(Mr Marsh) explains yesterday's huge turnover,disclosed tonight.But what is encouraging is the entire Board topping up ther Sipps.nuff said.
R.

[peter27] 09/2/2018 16:08

For what it's worth, I first bought in May 13 and have twice added. Since that time I have had capital return of 18.1% pa and divs of 2.2% making total annual return of 20.3%. Long term hold as part of a balanced portfolio.

[spob] 09/2/2018 14:56

around 9% pa ?

slightly more when divis are added back

[skyship] 09/2/2018 14:39

Any guesses?

[retsius] 08/2/2018 11:14

Huge no. of sells this morning!? Price so far, held up well.
What they want from a stock?
Excellent TS and comment to come from the press.
R.

[retsius] 07/2/2018 15:25

Rather muted response to what was a very positive Update of the business.That is of course if you deduct 5p of decline in the past few days due to Market turbulence.
The jewels in their portfolio is undoubtedly LEBC and Nexus with excellent financial figures from them both.
The icing on the cake is news of relaxing Tax obligations. With this piece of news I hold my breath until fully ratified! The NAV must have appreciated substantially with this news alone.
Let's see what Simon T . Has to say in his next appraisal and notes.
R.

[elmfield] 07/2/2018 15:22

Yes, I agree and the capital growth is what it is about, surely?
I agree with sky about much but not on this one!

[bscuit] 07/2/2018 15:19

That's kind of how I look at it that the yield is relative to original price paid.

[tom.muir] 07/2/2018 14:49

I don't share the view that the dividend is stingy.I have been in here since 3/2012 and have topped up a few times. but my average paid price is circa 89p giving a yield of5.1%
Tom

[mw8156] 07/2/2018 11:29

statement excellent as far as it goes, doesn't mention how the Spanish, S African and Australian businesses are faring.