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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 481.00 | 476.00 | 486.00 | 481.00 | 481.00 | 481.00 | 299 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 32.57M | 23.84M | 0.6408 | 7.51 | 178.98M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/4/2013 10:22 | By the time of the FY results in June, the sale of its 80% Hyperion stake should be signed and sealed.Of notable additional interest was the statement that the "BoD intends to instigate a progressive dividend policy and will be keeping under review,inter alia the possibility of making a buy back of Company shares". With 83% in major holders hand and just 29,231,032 in issue, such a move could push the share price even higher on the back of an acquisition and/or IPO by Hyperion. | azalea | |
02/4/2013 08:15 | I will go with the BoD, apart from which Mr Marsh stake will decide any vote and given its size he is not going to take the company in a direction that will devalue it. Each to their own. | azalea | |
01/4/2013 19:24 | agree with you LC; in addition, brian Marsh himself is getting on and might be encouraged slowly to wind the company down; would also vote against but my shares are v modest and in nominee accounts... | mw8156 | |
29/3/2013 10:30 | Post the 80% sale of its stake in Hyperion, S.Thompson has posted his very bullish views on BPM, with a tgt price of 160p. | azalea | |
29/3/2013 09:36 | IMHO a freshly constructed portfolio of unquoted financial opportunities with a NAV of 193p is worth 135p max due to the risk and the time required to realise value. The market thinks less for BPM. However, if half of the capitalisation were to be returned as cash - possible because of the Hyperion sale - the same valuation metric places the shares at 166p, a 20% uplift. I think some cash return is in the interest of shareholders and leaves each of us the freedom of choice as to where to invest the proceeds. The RNS does talk about progressive dividends and share buy backs but gives no detail. At least AIM rules require a vote for such radical action proposed by the BoD but, as you note, Brian Marsh has declared his intention for his majority holding! As things stand I will vote against. | lime circle | |
28/3/2013 10:36 | NAV now 193p. | azalea | |
28/3/2013 08:41 | Investors are not waiting on S.T. to comment on the Hyperion story that he spotted several months and the MM are reacting accordingly. It might be tempting for the BoD to return cash to themselves and other major holders, but clearly Brian Marsh with a 59.2% stake must believe there is more to be made by ploughing the money back into other potentially winning opportunities, which like BPM itself, have an share price at a very significant discount to the NAV. | azalea | |
28/3/2013 07:01 | CityAM covers the Hyperion story today: | dashton42 | |
27/3/2013 23:18 | Very happy to see our stake in Hyperion realised as cash. Do we want to see all of this cash converted into 'potential' where a discount to NAV of 30% is not unreasonable/unusual in the market (check out DNE, or indeed BPM itself!), or should some of it at least be returned to shareholders? One interpretation of the RNS is that BPM believe they can find more rewarding places to put all of our investment in Hyperion, which just happens to be one of the UK's biggest growth success stories of recent years. I'm not so sure.... | lime circle | |
27/3/2013 18:40 | 31/1/2013 S. Thompson's last analysis/trading strategy(post the disposal he may comment tomorrow). "In my view,news of a confirmed sale of the Hyperion stake could see BPM share price move sharply up to around 150p, of which 117p would be fully backed by cash. It would also mean that the investment of those eight other investee companies, worth 57p a share, would be attributed a modest value of 33p". | azalea | |
27/3/2013 18:15 | Excellent news. They have done very well indeed with this deal. Nice to keep a stake in Hyperion too. | tom.muir | |
27/3/2013 17:26 | Sells 80% of its stake in Hyperion Investment for £29.2m cash = £5.20p per shares, reflecting an increase of £4.3m on last published valuation. Money to be reinvested in businesses with similar potential. Lots of details in upbeat report by Chairman. | azalea | |
28/2/2013 12:12 | If the talks on Hyperion are still continuing, I expect a decision one way or another in March. After a month, what is there left to talk about? Edit: the morning started with a buy of 48 shares, that number has since risen to 47K., with the share price ticking up 2.5p | azalea | |
14/2/2013 09:14 | Two weeks on and talks continue. | azalea | |
07/2/2013 09:28 | Protracted discusions will suggest that the issue will boil down to the difference between the price BPM wants and what the bidder is willing to pay. | azalea | |
06/2/2013 20:27 | If they just retain the Hyperion shares after floatation there is no tax liability. But BPM shareholders cannot take Hyperion shares in their own name. They will have to go along with whatever the BPM management decide. Personally I would also prefer them to stay on board and reject any bid for Hyp. It's when its converted into cash that George Osborne starts to take a big chunk. | tom.muir | |
06/2/2013 19:19 | I would like the company to retain the stake in Hyperion and when that is floated give BPM shareholders the option to take Hyperion shares. Not sure what the taxation implications are for Mr Marsh. | jagworth | |
05/2/2013 09:53 | Very true azalea. As a major shareholder in Hyperion they will have a say in the eventual outcome so it makes perfect sense for them to meet the prospective purchasers. I floated the idea of the third option as this is a definite possibility and would be the one, in my viw, that would give the most favourable outcome to Brian Marsh. It's a very nice problem to have though and it will be fascinating to see how it's resolved. Tom | tom.muir | |
05/2/2013 08:20 | ...but for the fact that the Board has announced it is in discussions with a potential acquirer, which if successful would save the costs of a planned IPO. | azalea | |
04/2/2013 19:22 | A third option is that they will keep their stake in Hyperion when it becomes a public Company. The size of the stake is such that an immediate sale would overwhelm the Company. 21 or 22% would go in Corporation tax and if the balance is distributed to shareholders as a special dividend then Brian Marsh would get a lump sum of about £26M for which he will be liable for Income tax of about £11m. From his point of view (and thats the only one that counts here) a gradual disposal over several years would be his best plan. Time will tell. | tom.muir | |
04/2/2013 17:06 | Whilst the rise in the bid today could be encouraging a few sellers, they appear to forget that one way or another, BPM will sell its stake in Hyperion, either directly to a bidder(an approach has already been made) or via an IPO.Either one will achieve a notable higher sp, a win win situation. | azalea | |
01/2/2013 15:01 | Ticking up nicely on a mere 6.6K traded(IC).Could see an opening offer for the Hyperion stake as early as next week. | azalea | |
31/1/2013 16:07 | With just 29.2m shares in issue, of which 83% is in major holders hands, even modest buying is pushing the share price higher. Given the prospect of a 20% upside, I see no reason why the momentum will not be maintained if not increased. | azalea | |
31/1/2013 12:06 | Given the share price versus NAV, its virtually a heads you win tails you win prospect. | azalea |
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