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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
  0.00 0.0% 189.00 181.00 196.00 4,599 08:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 8.0 6.9 12.9 14.7 100

Majedie Investments PLC Quarterly Majedie Asset Management Valuation

31/07/2020 7:00am

UK Regulatory (RNS & others)


Majedie Investments (LSE:MAJE)
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TIDMMAJE

RNS Number : 6767U

Majedie Investments PLC

31 July 2020

31 July 2020

LEI: 2138007QEY9DYONC2723

Majedie Investments PLC

Quarterly Majedie Asset Management Valuation

In accordance with the revised valuation basis, the Company's holding in Majedie Asset Management has been valued at GBP31.8m as at 30 June 2020. This is an increase of 7.9% from the valuation at 31 March 2020 (net of the dividend of GBP1.2m that was received from MAM in June). The methodology is comprised as follows:

 
  Earnings after tax (last 3 months     GBP10.9m 
              annualised) 
        Peer Group PE multiple            16.4x 
                                       ---------- 
          Liquidity discount               20% 
                                       ---------- 
 Peer group multiple after liquidity 
               discount                   13.1 
                                       ---------- 
    Performance fee earnings after       GBP0.1m 
                  tax 
                                       ---------- 
      50% of peer group multiple          8.2x 
                                       ---------- 
    50% of peer group PE multiple 
       after liquidity discount           6.6x 
                                       ---------- 
  Surplus net assets having deducted    GBP41.7m 
      200% of Regulatory Capital 
                                       ---------- 
           Valuation of MAM             GBP185.2m 
                                       ---------- 
   Valuation of the Company's 17.2%     GBP31.8m 
            holding in MAM 
                                       ---------- 
 

Enquiries

If you have any enquiries regarding this announcement, please contact Mr William Barlow on 020 7382 8185.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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