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
  -3.00 -1.27% 234.00 55,128 16:17:25
Bid Price Offer Price High Price Low Price Open Price
234.00 240.00 240.00 234.00 240.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.03 4.84 9.10 25.7 124
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:25 AT 2,710 234.00 GBX

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Date Time Title Posts
16/2/202119:40Majedie Investments PLC113
29/3/200911:11Investment Trust Income Stocks1

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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 237p.
Majedie Investments Plc has a 4 week average price of 218p and a 12 week average price of 216p.
The 1 year high share price is 246p while the 1 year low share price is currently 135p.
There are currently 53,028,638 shares in issue and the average daily traded volume is 44,280 shares. The market capitalisation of Majedie Investments Plc is £124,087,012.92.
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.
ladywormer: Daveb - that was a good find. So little is written about MAJE
earwacks: Quite right HugePants. You definitely need them investing here. Thats why the buybacks seem rather superfluous especially in such trivial amounts. Looks like they are terrified the share price will fall further. It just looks like something is terribly wrong. Have they been following Neil Woodfords tips or something. They went from being quite reckless in 2010 to rather over cautious at the beginning of last year. My family invested here for the widows and orphans strategy which worked quite well in the previous century but look completely out of their depth in the 21st century. They used to be on a par to Merchants Trust both in price share investment and dividends now they are pathetically not even half the share price of Merchants. Just feels a bit fishy to me
earwacks: Trading at a substantial 20% discount to nav. Aviva part of the problem as they are possibly withdrawing their holding. At least it is being managed. Is this a operate issue from the share buy-back program I wonder. They also seem to be more active in their investments than the past , although trimming down their holding in individual stocks particularly outside uk, but still have global vehicles. Nearly 3% div which could improve. Interesting former Malaysian rubber company. Must be due a bounce...
spectoacc: I fear I sold out for a fast loss, which would have been a fast profit if I'd held on - latest NAV doesn't explain the rise tho, so maybe you're right re MAM revaluation. With hindsight, think it's a bit risky for me - like the discount & performance, but there's the "double whammy" of either rises or falls depending on MAM. ie funds go up, MAJE goes up, MAM goes up, MAJE NAV goes up - but also all in reverse. Same position as eg LTI, but different position to eg LWDB, whose "extra business" is different.
rambutan2: Re SIT's 20% stake in the manager, looks as though will have to wait for the first results for a fig/calc to be disclosed. Certainly has potential though. Below is from prospectus... 3 Investment in the Manager The Company will acquire a 20 per cent. equity interest in the share capital of the Manager on Admission at the same price per share at which the SAM Founder Shareholders subscribed for their shares in the Manager. Assuming that the Issue is subscribed as to 50 million Ordinary Shares, the Company’s investment in the Manager will constitute less than 0.5 per cent. of the Company’s Net Asset Value on Admission. This equity interest will be retained in accordance with the Company’s investment policy as set out in Part I of this Prospectus. The Directors expect that the Company’s investment in the Manager will help foster a relationship between the two entities that better aligns the interests of the principals of the Manager with the Company. The Directors note the potential for significant capital appreciation offered by the 20 per cent. equity interest that the Company will hold in the Manager. The business plan adopted by the Manager provides that it is to establish and act as investment manager to a range of investment funds that have the potential to earn the Manager both management and performance fees. The range of funds to be managed by the Manager by the end of Q3 2014 is expected to comprise the Company and a UCITS with four sub-funds, each characterised by either a long or long/short investment strategy in UK or pan-European equities. The Company may realise value from its investment in the Manager in part through what is expected to be a significant dividend payout rate in the medium to long term, and in part through the eventual disposal of the investment. The Board will periodically evaluate exit opportunities in respect of the Company’s investment in the Manager and will assess the viability of any such opportunities in the light of then-prevailing market conditions. The Directors hope, however, that this co-investment in the Manager will prove to be one of the Company’s more profitable long term investments, thereby helping the Company to achieve its investment objective. The SAM Founder Shareholders intend to subscribe for Ordinary Shares in the Issue in an aggregate amount of between £8 million to £10 million (which will represent between 16 to 20 per cent. of the Ordinary Shares in issue on Admission, assuming that the Issue is subscribed as to 50 million Ordinary Shares). The Directors believe that the Company’s investment in the Manager, and the personal investment of the SAM Founder Shareholders in the Company, give rise to a beneficial alignment of the interests of the Company and the Manager in the future success and profitability of the Company and the Manager.
topvest: Yes, just caught up with this. Makes sense to me. Nice that they followed my! Javelin Capital just hasn't been successful. MAM are a much better fund manager. Dividend needed re-basing as it was unsustainable. Sustainable investment strategy should now be in place, and make sense to divest of the MAM shares over time. Share price up shows that the market likes this move. It does make you wonder whether MAM may use this as a first go at managing an investment trust. They may launch more I guess!
ntv: thanx rambutan2 asset value is climbing at a good pace and yield is excellent share price still at a large discount to net assets
Majedie Investments share price data is direct from the London Stock Exchange
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