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BPM B.p. Marsh & Partners Plc

481.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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
B.p. Marsh & Partners Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker BPM. The last closing price for B.p. Marsh & Partners was 481p. Over the last year, B.p. Marsh & Partners shares have traded in a share price range of 297.00p to 507.50p.

B.p. Marsh & Partners currently has 37,210,450 shares in issue. The market capitalisation of B.p. Marsh & Partners is £178.98 million. B.p. Marsh & Partners has a price to earnings ratio (PE ratio) of 7.51.

B.p. Marsh & Partners Share Discussion Threads

Showing 76 to 99 of 825 messages
Chat Pages: Latest  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
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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