B.p. Marsh & Partners Share Discussion Threads

[retsius] 08/9/2018 15:22

Glass boy
Excellent find.

[glassboy] 08/9/2018 14:53

Nexus Underwriting just announced completion of two acquisitions:
www.nexusunderwriting.com/news
which normally triggers an “investee company update” from BPM, so we may hear something next week.

There was talk back in July that an insurer called Ardonagh was about to buy Nexus, and the valuation was dependent on an “unannounced acquisition”, which could be the above.
www.insuranceinsider.com/articles/120448/ardonagh-engages-in-exclusive-talks-to-buy-nexus

Maybe with that cleared up a deal will go through soon.

Gb

[mw8156] 05/9/2018 13:58

No mention either of the Spanish investment Summa, have to hope that's doing well as they control it.

[retsius] 05/9/2018 13:56

Yes rather a damp response from the Trading Statement.

Nothing really new to get the market interested. It all seems positive in the reporting but no guidance for interim profit forecast in a month's time is disappointing. Cash balance is reassuring in these times.

No prospective float of Lebc alluded too ,nor really no fresh update about Nexus ie. possible float? These are the two gems in their portfolio.However the news on both these investments is very encouraging.

We shall have to wait for Simon T to give us a professional assessment or am I missing something?
R.

[shauney2] 30/8/2018 13:03

Not much stock around.

321p was the last reported NAV.Any news on an IPO for LEBC would drive it close to that at least.

[danielbird193] 30/8/2018 12:52

Yes, looking forward to reading the trading statement last week. It seems to be taking time for the market to wake up to the value on offer here, this sits on a huge discount to even the latest reported NAV.

[retsius] 30/8/2018 11:05

At last some share price movement ahead of 'trading statement' next week.
R.

[retsius] 14/8/2018 08:01

I think the E- Sure takeover maybe gave a small catalyst to share price of BPM yesterday.
See what happens today!?
R.

[danielbird193] 13/8/2018 09:17

Next trading update is due 5th September and will hopefully give positive news on all the points you raise, retsius. I would expect Simon T to give this some column inches shortly thereafter as well.

[retsius] 13/8/2018 08:42

At last reaching new highs (albeit very modestly)I am glad to see any slight increase as the share price has been sluggish.
This should have some legs as two Director buys in the last week is a positive.The US assets acquired last year should have shown some currency appreciation. We are waiting to see their plans with the £20 m raised.Also news from Nexus and Lebc is keenly awaited.
Simon T has yet to pronounce on progress.
R.

[tom.muir] 01/8/2018 08:22

Thwy give the shares to staff as part of their bonus.

[danielbird193] 25/7/2018 22:42

Buy backs are a good use for spare cash if they can buy at a significant discount to NAV. If the share price continues to rise they could issue them again in future if they need the cash for new investments, so not necessarily any need to cancel them.

[retsius] 25/7/2018 20:10

It was a ' tongue in cheek ' comment guys.
R.

[solarno lopez] 25/7/2018 07:46

Most definitely

[peter27] 25/7/2018 07:43

I'd far rather they made new investments. This is a growth company.

[spob] 25/7/2018 06:21

no point buying back shares if you are not going to cancel them

[retsius] 24/7/2018 21:23

I hope they would buy their own shares now and boost the static share price!
R.

[its the oxman] 18/7/2018 12:07

Expecting this to climb through 300p

[amwel44] 12/7/2018 13:17

No cash returned to my account at close yesterday and today BPM goes ex-dividend, so if you wished to increase your holding by purchasing in the market with the funds set aside with your provider for Excess shares under the open offer, you would miss out, again. If you wished to purchase a different share with those funds, you have been at the mercy of the market all week whilst waiting to be reimbursed. Once the allocation was complete, why should there be any delay in platforms re-crediting funds to accounts?

[retsius] 12/7/2018 12:42

Trading x div today so an increase of 0.76p in the share price
I know ..... grasping at straws.
At least div tax free as it is an ISA.
R.

[retsius] 10/7/2018 20:59

Seems to have moved quite smartly after raising cash.
R.

[jafvfn] 09/7/2018 18:47

Called HL re: return of excess cash - the Corporate Action team was closed. Person I spoke to said it could take a day or two, though that was general uninformed opinion. Agreed to find out more specifically and return call

[jafvfn] 09/7/2018 17:01

Hargreaves Lansdown

Excess cash still unavailable for reinvestment, though HL have now separated the units/values into accepted/rejected:

"Open Offer Accepted Line"
"Offer Rejected Election - cash due"

[spob] 09/7/2018 14:28

Still waiting for news from Hargreaves Lansdown.