Share Name Share Symbol Market Type Share ISIN Share Description
Majedie Investments Plc LSE:MAJE London Ordinary Share GB0005555221 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.00 -4.13% 209.00 202.00 216.00 212.00 210.00 212.00 8,791 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 8.0 6.9 12.9 16.2 111

Majedie Investments Share Discussion Threads

Showing 1 to 16 of 100 messages
Chat Pages: 4  3  2  1
Made inital purchase for the ISA. Building an income portfolio to suppliment my future pension. I like the management here.
Yes, good value here. A lot depends on how Javelin LLP do though which is why there is such a discount. Still hold quite a few.
RNS out with updated NAV figures. 28% discount with a 6.75% yield for any of you SIPP income seekers out there.
These are on a very large discount again. Majedie Asset Management still looks in very good shape with £6m of dividends in H1 alone. Tends to indicate that the £30m carrying value is prudent. I really do think the investment trust + asset manager mix works very well as a strategy if effectively delivered. Javelin Capital LLP will be interesting here. In the meantime the c25% discount and 6.4% yield provide a degree of comfort!!
Nice.. MAJEDIE INVESTMENTS PLC (the "Company") Special Dividend The Directors announce that, following the receipt of a dividend from Majedie Asset Management Limited, the Board of Directors has today declared a special interim dividend of 2.5 pence per share which will be paid on 8 March 2010 to shareholders on the register on 26 February 2010. The Ex-dividend date is 24 February 2010.
This has performed very strongly of late, partly influenced I guess by the uplift in the MAM stake. No news on Javelin Capital LLP yet, but this must be close to launching.
Results this week were quite interesting; - Majedie Asset Management stake now worth £30m for 30% holding. It made a PAT of £14m (ly £8m)and has shareholders' funds of £25m. £30m valuation is on a historical P/E of just 7. This is doing very well indeed. - They are setting up a new asset management business, Javelin Capital LLP. This will also manage the company's investment portfolio and will, initially be 70% owned. - Dividend maintained and policy unchanged. - New Chairman as Barlow retires. Glad I added some more. It's on a thumping discount and a yield of over 5%. The company's 100th year in 2010 as well. Lots of change, but looks very encouraging to me if they continue to make their asset management businesses work.
Added a few more ahead of the results announcement. This is interesting: Majedie awarded UK Asset Management Firm and Boutique of the Year 07 Oct 2009 Majedie wins twice at the Financial News European Awards for Excellence in Institutional Asset Management Majedie Asset Management ('Majedie'), the UK equity boutique, last night won two Awards at the 2009 Financial News European Awards for Excellence in Institutional Asset Management. Now in their eighth year, the Awards aim to provide the definitive and authoritative industry view of the performance and strategy of the main players in the European institutional asset management industry. To decide the winners, a distinguished panel of 51 pension fund consultants, fund management executives and marketers from across Europe voted on the nominated fund management groups in each of the 20 categories. Majedie was the winner of two categories: Boutique of the Year and UK Asset Management Firm of the Year. In the Boutique of the Year category, it was competing against Carmignac, Hexam, Neptune and River & Mercantile. In the UK Asset Management Firm of the Year category, Majedie beat a shortlist of household names, including M&G, Jupiter and Newton. The Awards ceremony was attended by more than 250 representatives of pension schemes, fund managers and investment consultants at the Banqueting House in Whitehall. Commenting on the Award wins, James de Uphaugh, Managing Director of Majedie said: "The Award wins are public recognition of Majedie's single minded focus on making money for our clients. We have expanded our team over the last year and look forward to the year ahead." Majedie has four funds: the flagship UK Equity Service, the UK Focus Portfolio, the UK Opportunities Fund and the Tortoise Fund.
I think that is because the Board are still undertaking a strategy review. Results of this are likely to be announced shortly. MAM made a £13m profit in 2008 and so I suspect this business is worth a fair amount more than the book value. It's just won a number of industry awards as well. From their interims, it looks like they are investing in another fund management business as well. It will be interesting to see what the final results will bring in the way of news. To be honest, they would probably be better off letting MAM run the whole portfolio!
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. ----------------------------------------------
Most of the shares are held by the Barlow family, Smith Williamson recently took a holding of 3.46%. Axa Fram holds about 13%. Really poor performance over 3 plus years. Will the old codgers hold back the strategy review?
AJ BELL HOLDINGS biggest holding in Midas Income: ------------------------------------- ---------------------------------
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)
Yes, I think it's a nice solid investment trust. Good yield and asset management business. Quite a spread of investments. Lack focus on investment strategy, but that's not necessarily a bad thing.
I never thought I would see a thread on this share. I hold shares that have been in the family from the 70's. My late uncle thought these were the best shares in the world.
I thought that I would start a thread on this interesting self managed investment trust. I'm amazed that no thread exists. This investment trust has a 19 year dividend increase record and a successful asset management business. Normally trades at a 20% or so discount on NAV. Had a difficult couple of years recently, as have most, and its strategy is under review. Looks solid enough at this price though (i.e. below 170p). Anyone else hold? ps Just bought some myself!
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