Majedie Investments Dividends - MAJE

Majedie Investments Dividends - MAJE

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Stock Name Stock Symbol Market Stock Type
Majedie Investments Plc MAJE London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 233.00 08:00:24
Open Price Low Price High Price Close Price Previous Close
233.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Majedie Investments MAJE Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
26/05/2021InterimGBX4.401/10/202031/03/202103/06/202104/06/202118/06/20210
10/12/2020FinalGBX730/09/201930/09/202014/01/202115/01/202126/01/202111.4
27/05/2020InterimGBX4.401/10/201931/03/202004/06/202005/06/202019/06/20200
11/12/2019FinalGBX730/09/201830/09/201909/01/202010/01/202028/01/202011.4
22/05/2019InterimGBX4.401/10/201831/03/201930/05/201931/05/201914/06/20190
05/12/2018FinalGBX730/09/201730/09/201810/01/201911/01/201923/01/201911
24/05/2018InterimGBX401/10/201731/03/201807/06/201808/06/201822/06/20180
05/12/2017FinalGBX6.2530/09/201630/09/201711/01/201812/01/201824/01/20189.75
24/05/2017InterimGBX3.501/10/201631/03/201701/06/201702/06/201716/06/20170
05/12/2016FinalGBX5.7530/09/201530/09/201612/01/201713/01/201725/01/20178.75
25/05/2016InterimGBX301/10/201531/03/201616/06/201617/06/201624/06/20160
07/12/2015FinalGBX530/09/201430/09/201514/01/201615/01/201627/01/20168
28/05/2015InterimGBX301/10/201431/03/201511/06/201512/06/201526/06/20150
05/12/2014FinalGBX4.530/09/201330/09/201408/01/201509/01/201521/01/20157.5
30/05/2014InterimGBX301/10/201331/03/201411/06/201413/06/201427/06/20140
10/12/2013FinalGBX6.330/09/201230/09/201308/01/201410/01/201422/01/201410.5
29/05/2013InterimGBX4.201/10/201231/03/201305/06/201307/06/201326/06/20130
05/12/2012FinalGBX6.330/09/201130/09/201209/01/201311/01/201323/01/201310.5
22/05/2012InterimGBX4.201/10/201131/03/201230/05/201201/06/201227/06/20120
28/11/2011FinalGBX6.330/09/201030/09/201104/01/201206/01/201225/01/201210.5
31/05/2011InterimGBX4.201/10/201031/03/201108/06/201110/06/201129/06/20110
25/11/2010FinalGBX6.330/09/200930/09/201005/01/201107/01/201126/01/20110
25/11/2010SpecialGBX2.530/09/200930/09/201005/01/201107/01/201108/03/201013
19/05/2010InterimGBX4.201/10/200931/03/201002/06/201004/06/201008/03/20100
25/11/2009FinalGBX6.330/09/200830/09/200906/01/201008/01/201027/01/201010.5
20/05/2009InterimGBX4.201/10/200831/03/200903/06/200905/06/200930/06/20090
26/11/2008FinalGBX8.5530/09/200730/09/200807/01/200909/01/200928/01/200912.75
21/05/2008InterimGBX4.201/10/200731/03/200804/06/200806/06/200830/06/20080
26/11/2007FinalGBX6.230/09/200630/09/200702/01/200804/01/200823/01/200815.6
26/11/2007FinalGBX6.230/09/200630/09/200701/01/197001/01/197001/01/197010
26/11/2007SpecialGBX4.530/09/200630/09/200701/01/197001/01/197001/01/19700
29/05/2007InterimGBX3.801/10/200631/03/200706/06/200708/06/200729/06/20070
24/11/2006FinalGBX6.130/09/200530/09/200603/01/200705/01/200724/01/20079.5
24/05/2006InterimGBX3.401/10/200531/03/200607/06/200609/06/200630/06/20060
22/11/2005FinalGBX5.8530/09/200430/09/200504/01/200606/01/200625/01/20069.05
26/05/2005InterimGBX3.201/10/200431/03/200508/06/200510/06/200501/07/20050
18/11/2004FinalGBX5.5530/09/200330/09/200405/01/200507/01/200525/01/20058.75
27/05/2004InterimGBX3.201/10/200331/03/200409/06/200411/06/200402/07/20040
20/11/2003FinalGBX5.2530/09/200230/09/200314/01/200416/01/200430/01/20048.45
14/05/2003InterimGBX3.201/10/200231/03/200304/06/200306/06/200304/07/20030
22/11/2001FinalGBX4.830/09/200030/09/200116/01/200218/01/200231/01/20027.9
24/05/2001InterimGBX3.101/10/200031/03/200120/06/200122/06/200106/07/20010
24/11/2000FinalGBX4.5530/09/199930/09/200022/01/200126/01/200131/01/20017.65
19/05/2000InterimGBX3.101/10/199931/03/200019/06/200023/06/200007/07/20000
24/11/1999FinalGBX4.330/09/199830/09/199917/01/200021/01/200004/02/20007.4
25/11/1998FinalGBX4.130/09/199730/09/199818/01/199922/01/199905/02/19997.2

Top Dividend Posts

DateSubject
03/7/2021
17:21
topvest: MAM are better than average as an investment manager and so should turnaround their performance as value comes back into favour. I do agree though that adverse momentum is difficult to turn around. EDIN, which I also hold, is critical to MAM given its a very public shop window. 5 years from now I think MAM will have recovered, but near term it’s going to be tough. I am happy to hold MAJE long term.
30/6/2021
17:35
makinbuks: MAM have released details of their troubles through last year hxxps://citywire.co.uk/investment-trust-insider/news/majedie-slashes-bonuses-as-profits-fall-55-but-keeps-24m-dividend/a1525099?re=86629&;ea=1707516&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily Not pretty
28/5/2021
16:33
andycapp1: Think it’s ok here. Discount is almost 19% and perhaps MAM, after a fire couple years, might start to benefit from rotation. It’s also only 15% now. Slightly worried about divi as perf fees are a reasonable component of MAM income which is critical still but overall price looks bit cheap. I’m holding.
14/4/2021
15:55
makinbuks: Don't expect them to do anything as its only recently they changed the method of valuation when AUM was declining. As you pointed out AUM should now be significantly higher given MAM's value reputation so we'll see an upward valuation I hope. Another question is what is the plan for the MAM stake in the medium/long term. What are MAM themselves thinking? I had dealings with the guys when they established the business back in the early noughties and they must all be looking for an exit fairly soon. When MAJE was selling down their stake it was management that was buying up the stock. Not sure there's going to be appetite for that now. Might we see a takeover?
13/4/2021
08:41
makinbuks: Andy, some thought provoking comments which prompted me to revisit the Sept 2020 accounts to look at the detail around what you say. You are correct that they put the majority of both the management fee and debenture cost through the capital account. However, its very transparent with the two accounts clearly shown side by side. I'm not keen on the term "capitalised" as that implies to me costs which have been moved to the balance sheet to be amortised over future periods. That is not the case here, as on a year by year basis they are simply trying to show the costs relative to either income received or gains/losses made on holdings. Your concern is well founded in that the 2020 dividend of 11.4p was uncovered by 9.1p of earnings. And to compound that worry there was reduction in asset value. However, its worth pointing out that the dividend, maintained at the prior year level costs £6.1m but there is £25.3m in Revenue Reserve even after last years shortfall. In other words there is plenty there to supplement another unchanged dividend this year if the recovery we have seen in the market is not enough. In addition the Capital Reserve stood at £97.5m following last years £22m reduction in assets and we are currently on track to see a very strong rebound inn that number this year. Finally, your point about Aviva is well made, They have sold down from 13% to just under 8% over the last year. But do we know their final intentions? Its two months since their last announced sale
18/3/2021
17:16
spectoacc: Thanks @Makinbuks; must admit I didn't. Discount & yield keep me in MAJE, but I'd be a seller if everythig keeps going up.
18/3/2021
16:45
spectoacc: Still in here, but always find MAJE a bit opaque.
18/3/2021
16:42
makinbuks: Yes I averaged down a few months back, my logic was take the Jan dividend and sell at 2.43 before the end of March. My price target was based on the thesis that the discount would narrow significantly. In fact although my target is approaching the discount if anything has widened slightly so I'm tempted to stay in for a further 10% or so. The problem as always is there are so many opportunities, its selecting what is best to go for
17/3/2021
16:58
andycapp1: I’ve been buying last few months. Edin and Maje largest holdings.
16/2/2021
18:30
makinbuks: 19% discount, MAM's AUM must have grown considerably just through share prices rallying. Solid dividend. Whats not to like?
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