B.p. Marsh & Partners Share Discussion Threads

[danielbird193] 30/1/2019 09:44

EDIT: To delete repeat post.

[discodave4] 30/1/2019 09:32

Blimey it does move, illogically but hey!.

[danielbird193] 29/1/2019 14:55

Looking forward to the update next week, I'm hopeful of positive news.

[retsius] 29/1/2019 14:06

Very quiet Board and share price Hoping for a positive update next week.
R.

[discodave4] 24/1/2019 21:11

NAV per share120.1m/37.45m = 3.21pSorry but how can it be anything else?. Misleading IMO to post 333p.

[discodave4] 24/1/2019 20:36

Hi retsius,Apologies but new here so not aware of previous discussions, but the company have clearly stated NAV 321p (which I checked against current level of share buybacks as per previous posts).From the Interims: "adjusted NAV post July 2018 Placing: 321p"ThanksDD

[retsius] 24/1/2019 20:07

Let’s not go down the road of NAV again!!
Let’s say we agree to differ.

NAV from Interims: 333p per share.
(Check the website, I have communicated with the co. on this issue and the figure is correct)
R.

[discodave4] 24/1/2019 19:33

Ooops May have used the wrong number of shares, guess you exclude those in treasury?, so it's total voting rights in which case sorry it is 321p, but still 12%.Think I will stay quiet!, lol.

[discodave4] 24/1/2019 19:15

NAV as at 31st July 2018 was £120.1mBased on the shares bought back on 22nd Jan the shares in issue is 37,478,077. This gives a NAV of 320p.They were bought at 282, so 12% discount to NAV........think I have numbers OCD, lol.Still slightly underwater here, late to the party, but the party has not got going yet.....I hope!.

[peter27] 24/1/2019 17:59

As I have posted in the past, under AIM rules the company is constrained in buy-backs by the market T/O in shares. As we are all well aware the market is small as so many of us are long term shareholders hence the very low amounts they can re-purchase at any one time.

[steve3sandal] 24/1/2019 17:20

Agreed. 279p x 1.15 = 321p which was that last published NAV. But buying c 1000 shares at a time isn’t really a proper buyback. Firm holder for progressive news and limiteddownside risk. It wouldn’t surprise me if ST for IC included this in his Bargain Share portfolio next month. Good luck all.

[retsius] 24/1/2019 16:57

Yes Peter 28 good point!

[danielbird193] 24/1/2019 15:33

Indeed - a very good point which reiterates my strong hopes for a positive trading update in February.

[peter27] 24/1/2019 15:18

In view of the stated buy-back policy, these purchases also tell you that aside from any official announcements, the directors consider that the shares are standing at a discount greater than 15%.

[danielbird193] 24/1/2019 14:49

Yes it's not done too badly considering how some others have been hit. Perhaps Brian's little buyback programme has put a bit of a floor under the share price?

Looking forward to a positive update in February and expect some buying pressure after that, all being well.

[retsius] 24/1/2019 14:36

Still in the doldrums. Held up well considering the general market malaise at the moment.
Hoping for positive update on7/02/19 with the Trading Statement.
Looks as though IPO of Lebc is on ice ATM.
R.

[danielbird193] 21/12/2018 16:15

I hope Simon's pen is full of ink because there's plenty more fodder for "his plume overfloweth" with the fodder on offer here. I will take this holding into 2019 with a well-whetted appetite and a hunger for more positive newsflow.

[cwa1] 21/12/2018 08:59

Looks as if somebody agrees with you :-)

[discodave4] 20/12/2018 21:36

Today's RNS headed "Holdings in Company", IMO is a mistake, should it not have been an "Investee Company Update" RNS?.

[retsius] 12/12/2018 16:52

DB193

Yes it will ,as long as the company is producing positive financial news-flow which it is doing at present.

R.

[danielbird193] 12/12/2018 13:34

Did Brian find Simon or did Simon find Brian? Either way, I'm a happy long-term holder and hope Simon's generous pen will continue to flow regularly.

[skyship] 12/12/2018 11:04

That's ST's 6th article this year pushing BPM! For Brian Marsh finding ST to promote his stock has proven a far better deal than his rather parsimonious buybacks.

[danielbird193] 12/12/2018 07:57

Indeed, there are lots of positive signs here! I'm considering a top-up purchase (which would make this my single largest position).

[discodave4] 11/12/2018 19:46

Would imagine that the Chief Investment Officer also knows a decent investment when he sees one!.