Marechale Capital Share Discussion Threads

[waterloo01] 17/6/2022 20:00

I don't know of understand MAC well enough to make that much comment beyond the sum of the parts looking greater than the whole. The website suggests they have a broader portfolio, although the top 3 look like Weardale, Biogas then Burgh?

What's the objective of the directors? Is the strategy clear?

[nick2412] 17/6/2022 16:39

Yes Bapodra, I have wondered for a while the specific attraction to MAC for LJ. The Burgh hotel could be the attraction and would fit well with LJ’s Brighton Pier Group. If MAC own 4% plus warrants as I believe they do then the holding could be worth about £1m to MAC.

[still waiting] 17/6/2022 14:25

Well LJ and bod bought in at 3p so any top up below that is a bonus.

[nick2412] 17/6/2022 12:59

Great find on the Weardale Lithium (WLL) grant funding, waterloo.

What surprises me is the reticence of MAC to put out an rns on some developments. A significant grant funding for a 9% holder (MAC) plus warrants is highly material in my view.

I wouldn't be surprised if MAC isn't one of the advisors for the seemingly impending IPO for Future Biogas. I assume they will put out an announcement once this is firmed up because it will be material to MAC. Future Biogas is I believe the largest producer of biogas in the UK if not Europe and it will have a sizeable m/cap. Any small holding by MAC will, I believe, be highly material to MAC's nav. Quite likely to have low priced warrants as well.

WLL reversing into MAC? It's possible but I think both Patrick Booth-Clibborn and Luke Johnson are attracted to the hospitality sector too much to let go of the current business model. It was Patrick who bought in LJ. I could be wrong and the likely high potential upside from a WLL reversal could dictate matters.

[waterloo01] 17/6/2022 12:04

From last report. Seems most of the NAV sits with weardale.

The investment gains, which are unrealised, are primarily due to the £1.5m uplift on our investment in
Weardale Lithium Ltd in the last six months and a £320,000 uplift on our investment in Future Biogas
Group (in the six months to April 2021). The Board remains positive about these and the other investments
the Company has made as part of its corporate finance activities.
Net Assets have increased from £0.99m to £2.24m. At 31 October 2021 we held cash at bank of £358,000.

Edit: Says 4% of Burgh in last years numbers

[tomboyb] 17/6/2022 12:00

I think Baz mentioned 4% -

Still significant -

However, over the course of the next 12 months, Retail sector not the best sector to be in -

Service certainly booming after lockdown, however have noticed a sudden downtrend over the last few weeks with inflation soaring -

[waterloo01] 17/6/2022 11:52

Is it 20% of Burgh? If so, would have thought that alone is worth £2m-£3m.

Edit: See it's closer to 5% so probably worth £1m

[tomboyb] 17/6/2022 11:49

Considering the current status quo in the markets you would assume an RTO of Weardale would probably be more beneficial than the current investments -

Its going tough market for IPOs although Future Biogas looks like their best investment case as with Burgh Island -

[waterloo01] 17/6/2022 11:48

I've not looked but assume they list their investments and the value on their books of each? That would be a good starting point.

[still waiting] 17/6/2022 11:48

We know future biogas update is imminent.

[waterloo01] 17/6/2022 11:31

Be good to get a company update on plans. What plan for their stakes in a number of companies such as Burge?. Weardale plans (RNS was unusual given it's a limited co)

Have to say the sum of the parts is greater than the whole. I doubled my small holding today

[still waiting] 17/6/2022 11:00

Nibbles, 2nd wave starting ?

[still waiting] 17/6/2022 09:23

Bid creeping up, mm’s need to entice sellers.

No one interested down here as Weardale Lithium now moves to next level 2 years ahead of schedule.

[still waiting] 17/6/2022 09:13

🤞🤞

[tomboyb] 17/6/2022 09:08

Could reverse into MAC -

[still waiting] 17/6/2022 09:04

Uk gov mention of Weardale lithium.



Interestingly they are 6 month projects, so short term for results.

[still waiting] 17/6/2022 08:32

I suspect Weardale lithium will start to get noticed now by industry players.

19 feasibility studies will be backed with £9.4 million in matched Government-industry money through the Automotive Transformation Fund (ATF). Areas to be investigated include the development of EV battery components and the viability of using UK-sourced critical minerals