Majedie Investments Investors - MAJE

Majedie Investments Investors - 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
4.50 1.99% 231.00 16:35:07
Open Price Low Price High Price Close Price Previous Close
233.00 233.00 234.00 231.00 226.50
more quote information »
Industry Sector

Top Investor Posts

makinbuks: hxxps:// Featured by Kepler, might spur some interest
makinbuks: Spec, Did you watch this? hxxps:// It was not the most inspiring presentation. I thought the outperformance of the Turtle Fund was the highlight and interesting they referred to it as a hedge fund which sounds better than absolute return. Don't get me wrong I rate James De Upagh highly but he didn't sell it overly well here
hugepants: The Barlows hold 40% which may dissuade other institutional investors buying the shares?
davebowler: Kepler - Majedie Investments (MAM) aims to maximise total shareholder return while increasing dividends by more than the rate of inflation over the long term. The portfolio is divided into six funds, all of which are managed by the well-respected boutique fund managers at Majedie Asset Management. MAM was launched in 2002 using finance provided by the investment trust and was led by a team that previously worked at Mercury Asset Management and Merrill Lynch. The strategy was to manage UK equities on behalf of institutional clients, but this has since been broadened to include global equities and an absolute return strategy, and clients now include wealth managers and endowments alongside institutions. The trust has a 17.1% stake in the privately-owned asset management company itself, which as of 31 March 2019 had £11.6bn of assets under management and makes up 27.5% of NAV (as at 30 June 2019). The team at MAM uses a bottom up, fundamental research-based approach and a high emphasis is placed on risk aversion. When considering investments, the various investment teams look to extract the maximum return per unit of risk taken and try to understand how the holding will hold up in different market environments. As an illustration, over the past year the trust has the lowest down capture ratio, at 46.32, in the AIC Global sector, and a standard deviation of 10.86 relative to the sector average of 16.9, when excluding the effects of the holding in MAM. Since the revamp of the trust in 2014, performance has been a tale of two halves. In the two years leading up to the 2016 European Union membership referendum, the trust delivered NAV returns of more than 50%, outperforming the MSCI World Index (49.9%), AIC Global peer group (41.7%) and the IA Global peer group (36.3%). However, the referendum result hit the trust hard, principally due to its large exposure to the UK and the cautiously positioned absolute return fund. Since then, the trust has struggled relative to global peers as investor sentiment towards Britain has soured. Over the past three years, the trust has delivered returns of 23.4% relative to 58.5% from the MSCI World, 69.4% from the AIC peer group and 52.3% from the IA peer group. With this said, the Global underlying funds have performed strongly relative to their respective benchmarks. Alongside capital growth, dividend growth is an important part of the trust’s investment proposition. The board re-set the dividend in 2014 and, since then, shareholders have seen compound progression in excess of 10% p.a. Currently, the trust is yielding 4.7% comfortably the highest yield in the Global sector, where the weighted average is 1.3%. In fact, it is the second-highest yield of any trust in the AIC Global Equity Income sector. As of the most recent annual report, the trust retains historic revenue reserves of close to £26m. Currently the trust is trading at a discount a little over 18%, considerably wider than the sector weighted average of 0.2%.
sharesoc: Majedie present at our London seminar on the 13th June which may be of interest to shareholders or potential investors, limited places available: hTTps://
rambutan2: Yes agree. Also to note from the interim statement was that the Aviva "overhang" is now less overhung: It is pleasing that the discount at which the Company's shares trade has narrowed over the six months to 31 March 2017 from 14.2% to 8.9% (debt at fair value). The Chairman and Chief Executive have previously commented that a large holding in the Company was transferred to Aviva Investors, who are not expected to be a long term investor. We have met with representatives of Aviva Investors to understand their views and they confirmed that they are comfortable holders in the medium term given the uniqueness of the Company's investment proposition. This notwithstanding, the Board has and will continue to explore options to help Aviva Investors to exit their position as and when they might wish.
edwardt: well why not get the discount in and raise more money here. the free float is not big enough here and most wealth manager firms would not touch a fund unless it is way over 100m. Also is tortoise shut to new investors, in which case this may be a good route to access - the performance on a risk adjusted basis has been superb.. also the debt needs sorting out, anyone provide any colour on this?
washbrook: I am an Investor in Investment Trusts for over 30 years. Looking at web sites of various Trusts on Sharescope. Most of the company web sites have up to date Fact Sheets ie 31.8.09 Not Madjedie looking at their web site the latest info with difficulty give information at 30.6.09. I like this Investment Trust but I am not going to purchase their stock if they cannot be bother to keep their shareholders up to date. I have sent an email to them. ----------------------------------------------
washbrook: I decided to create a thread of Investment Trusts Income stocks. I have been an investor in some of these for over 30 years. There are 10 stocks that I am concentrating on. Dunedin Income & growth* Merchants * City of london I.T* Scottish American Madjedie( chosen the epic for this thread because of the biggest discount) Lowland Law Debentures Henderson High IVCO INC Midas Income * already hold these stocks. The prices, yields and discount or premium to net asset value.(shown in the table below)
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