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 Shares Traded Last Trade
  -12.00 -5.11% 223.00 35,762 16:29:45
Bid Price Offer Price High Price Low Price Open Price
223.00 234.00 235.00 223.00 225.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.03 4.84 9.10 24.5 118
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 UT 7 223.00 GBX

Majedie Investments (MAJE) Latest News (1)

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Majedie Investments Investors    Majedie Investments Takeover Rumours

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Date Time Title Posts
14/6/202116:31Majedie Investments PLC144
29/3/200912:11Investment Trust Income Stocks1

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Majedie Investments (MAJE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-14 15:35:24223.00715.61UT
2021-06-14 15:02:57223.00375836.25AT
2021-06-14 14:55:23235.004801,128.00AT
2021-06-14 14:46:35223.667,50016,774.50O
2021-06-14 14:46:21223.005,00011,150.00AT
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Majedie Investments (MAJE) Top Chat Posts

Majedie Investments Daily Update: Majedie Investments Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MAJE. The last closing price for Majedie Investments was 235p.
Majedie Investments Plc has a 4 week average price of 223p and a 12 week average price of 223p.
The 1 year high share price is 252.50p while the 1 year low share price is currently 176p.
There are currently 53,028,638 shares in issue and the average daily traded volume is 35,168 shares. The market capitalisation of Majedie Investments Plc is £118,253,862.74.
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.
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?
makinbuks: Yes agree with all that. If MAM is perceived by the market as conservatively valued we should be trading at a premium in anticipation of mark ups. I had hoped the discount would have narrowed with the value/UK rally to high single digits. So although we're now very close to my £2.43 target price I'm hanging on for now for that correction
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.
spectoacc: Still in here, but always find MAJE a bit opaque.
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
andycapp1: I’ve been buying last few months. Edin and Maje largest holdings.
makinbuks: 19% discount, MAM's AUM must have grown considerably just through share prices rallying. Solid dividend. Whats not to like?
makinbuks: Share price at least kept up today but discount still more than 15%. Surprised you don't read more tips on these on that basis
spectoacc: "The unaudited net asset value per share at the close of business on 6 January 2021 was as follows: With debentures at par value: 284.56 per share With debentures at fair value: 276.75 per share" +3.5p, not bad when shares unmoved.
Majedie Investments share price data is direct from the London Stock Exchange
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