B.p. Marsh & Partners Share Discussion Threads

[spob] 09/9/2019 17:42

Yes good points Pavey

long term investment for me - Even if LEBC was marked to zero this would continue to be a long term investment for me (first purchase was in 2012)

I bought some more last week at 220p offered (the spread was quite wide at the time)

[pavey ark] 09/9/2019 15:34

Simon Thomson is doing nothing more than any investor should have done on their own.

Skyship, I'm not quite sure what your angle/motive is here but with the projected and well documented gains in the remainder of the portfolio I get a NAV of c.280p/share if I give absolutely no value to the LEBC holding.

My only caveat here is that if I assume that the agreement with the FCA to withdraw from all DB advice effectively draws a line under the matter then it is ridiculous for me to write off a £35m holding as the remaining 80% of the business appears to be doing well.

£35m is worth £1/share

[skyship] 09/9/2019 14:05

"Thar she blows"......as expected, Simon Thomson has returned to support his tip for BPM.

As I stated earlier, this provides a great opportunity to sell into the new buyers...now at c228p bid, you may even get 230p.

[retsius] 09/9/2019 12:17

Back in.

Simon T. In IC buy.
R.

[pavey ark] 09/9/2019 09:44

It would seem that the market is reducing the value of LEBC to ZERO and ignoring the management's forecasts of substantial year on year gains across the remaining portfolio holdings.
Bought in here last week after the fall.
Did hold these four years ago and sold for a quick profit but they have come back onto the radar with this news.

[bscuit] 03/9/2019 21:12

Odd insignicant salwe but at a time when he is likely to have known about the FCA concerns.

[yf23_1] 03/9/2019 16:31

They lready have a financial history and profitable so not the case of valuing companies based on what intangibles are worth at the start of a concept/idea.

[pugugly] 03/9/2019 16:24

Could this be another WPCT in the making? Unlisteds (imo and based on recent history) are virtually impossilbe to value unless normally a 2 to 3 year profitable trading history - otherwise often just hot air guesswork as a multiple of revenue followed very often by deflation as Woody's investors have found out to their cost - Not saying that this is the case here but possibly a flag sugesting maybe DYOR in detal/

[mw8156] 02/9/2019 22:19

Not much chance now of a flotation for LEBC - best one can hope for would be a trade sale once the smoke clears.

[davr0s] 02/9/2019 19:49

It is what it is - price reflects the opinion of current market participants

[yf23_1] 02/9/2019 19:28

Have to agree but this market is so fragile any hint of a problem and the share price gets caned especially in a thinly traded.

[spob] 02/9/2019 15:05

massive over reaction today

[spob] 02/9/2019 15:03

Trading update brought forward

[pugugly] 02/9/2019 14:39

No mention of any possible penalties for LEBC or restitution -

[mw8156] 02/9/2019 12:32

looks as though LEBC might have been advising clients to leave gold-plated db pension schemes, which is almost never in their interests?

[retsius] 02/9/2019 12:27

Checking back my comments,CK left on one week notice, not one month.

She was a Non Exec member of LEBC.

Interesting there is nothing on the LEBC webpage with any info. on today's news.
R.

[skyship] 02/9/2019 11:14

Sorry for holders here; but IMO Brian Marsh was always untrustworthy due to his blatant gerrymandering of claimed growth stats (P. No. 508 above; and earlier).

Hopefully there'll be a reasonable bounce to sell into and move on - don't look back!

[its the oxman] 02/9/2019 11:12

Buying opportunity

[retsius] 02/9/2019 10:56

Yf23_1

I do not like to say,because I have lost a lot of money in the past myself, and it makes me ultra- vigilant , but read my last comment.


Something was not right.
R.

[yf23_1] 02/9/2019 10:14

Oh great, a years worth of gains evaporated in minutes in yet another Simon Thompson disaster.

[retsius] 24/8/2019 11:49

CK ,executive director leaving on one month's notice.

Apart from immediate health issues for which there is no comment,this is not a good omen for the group.

Been with co. for thirteen years and no explanation given as to her departure,one can only hope her decision to leave is nothing to do with company issues.
R.

[steve3sandal] 18/7/2019 20:12

Hope you find what you’re looking for. I do quite like these owner managed VC/PE collections bought on discounts though they are particularly shareholder friendly.
I’m surprised the recent share price has been quite so weak but with the restated BB policy I’m hoping we are near a medium term low though it would be daft to fund anything like 10% BB with the money they raised around 250p last year.
Relatively small volumes and News seems to drive the share price but if you look back over several years the NAV and share price have tracked higher and I’ve been in throughout. The mostly privileged fund raise raise last year around 250p did stick in my throat but it did provide funds for continued investments and they have a good portfolio track record. Nexus and LEBC will surely be exited at the right price one day and shareholders might be offered a tender, dividend, special, whatever suits Brian’s tax planning best. I’m staying on the basis boredom, NAV margin of safety, and jewels in the crown are reasonable places to hide.

[retsius] 18/7/2019 11:03

Bailed out.

Very slow progress,small investment in Australia, and peanuts in buy backs, huge spread.

Not much to like : should have increased their stake in Nexus, that is the jewel of the portfolio.[if possible, probably........ NOT]

aimho/dyor

[retsius] 12/7/2019 16:35

Sold some BPM today, generally disappointing share at the moment and I can see this going lower, never mind about NAV.

Spread to buy and sell is punishing and to sell is almost impossible over 2000 shares without having to get a nebulous figure from the MM's

We need Lebc to float, but this has been kicked into the long grass at the moment, so holders will have to be patient.

Imho dyor
R.

[retsius] 08/7/2019 17:36

Finance director buys shares. All 500 odd,hardly worth the statement.
R.