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MVI Marwyn Value Investors Limited

91.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marwyn Value Investors Limited LSE:MVI London Ordinary Share KYG5897M1740 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 91.00 90.00 92.00 91.00 90.50 90.50 60,276 08:00:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 2.05M 2.05M 0.0233 39.06 79.85M
Marwyn Value Investors Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker MVI. The last closing price for Marwyn Value Investors was 91p. Over the last year, Marwyn Value Investors shares have traded in a share price range of 77.50p to 96.50p.

Marwyn Value Investors currently has 87,751,896 shares in issue. The market capitalisation of Marwyn Value Investors is £79.85 million. Marwyn Value Investors has a price to earnings ratio (PE ratio) of 39.06.

Marwyn Value Investors Share Discussion Threads

Showing 826 to 847 of 2025 messages
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DateSubjectAuthorDiscuss
04/2/2016
15:31
I agree with tilts re LXB, but Marwyn still mainly holds cash and the management team at GLOO, which I presume is where the cash will go, is very impressive. MVI has a great track record and Invesco have bought a huge tranche and are one of the better fund managers. I went to the last AGM and Mark Watts said his aim is always to double money every 3 years. If you are patient, I think MVI will do well, but it is a different proposition to LMS or LXB.
mad foetus
04/2/2016
15:21
p49b,

LXB a far better bet.

tiltonboy
04/2/2016
15:17
p49b - I don't know you, but do hope you research LMS in some depth before following skyship's last paragraph. Is the preceding one maybe a bit emotional? It strikes me these two companies have little in common.

skyship - have I ever accused you of ramping? Maybe.

jonwig
04/2/2016
14:43
YES. A few of us held this one when it was an NAV discount play due to the holding in ETO and to a far lesser extent, BCA.

Two things happened. It sold ETO at what proved from subsequent events to be a great price; but a year ago most of us anticipated a sale on an ETO takeover at a far higher price!

Since then, it has done three things:

# had a share issue ignoring the pre-emptive rights of existing holders
# conned shareholders with a 4p dividend which they verbally dressed up as a 24p dividend
# invested in tech stocks which may well be clever, but impossible to assess

So, what was an asset backed investment in secure hands has transformed itself into a dubiously managed tech play.

Most of us sold out c220p; and I suspect will have to trade a whole lot lower than the current 198p before it becomes an interestingly oversold asset play again.

Get out now....and consider a re-entry into LMS @ 68p ahead of the Finals in early March.

skyship
04/2/2016
12:56
Does anyone know the reason for the falling price here.?
p49b
29/1/2016
09:33
Gloo Networks Plc (“Gloo”) announced the appointment of Arnaud du Puyfontaine as Non­Execu�;ve Chairman. Arnaud is
currently Chief Execu�ve of Vivendi, the French media group and a Non­Execu�;ve Director of Schibsted, a Scandinavian
media group.
Arnaud joined Vivendi in November 2013 as Senior Execu�ve Vice President, Media and Content ac�vi �es and was
appointed Chief Execu�ve Officer of Vivendi in June 2014. Vivendi is the owner of Universal Music G roup, the world leader
in music, and Canal+ Group, a European leader in pay TV and European TV and film produc�on.
Previously, Arnaud was employed by the Hearst Corpora�on as Chief Execu�ve Officer Hearst UK. In 2011, he led the
acquisi�on and integra�on of 102 brands from the Lagardère Group, before being appointed Managing Director of
Western Europe in August 2013. Whilst at Hearst Corpora�on Arnaud worked alongside Gloo’s Chief Exe cu�ve Officer
Rebecca Miskin, and successfully managed an iconic media por�olio which included Cosmopolitan, Elle, Good
Housekeeping and Harper's Bazaar.

davebowler
18/12/2015
12:27
30 Nov report;
Zegona Communica�ons plc (“Zegona”;) announced the appointment of Richard Williams to the board as an
addi�onal independent non­execu�;ve director. Previously Richard was Investor Rela�ons Director at Virgin
Media, and prior to that, Al�ce. The directors believe that Richard’s experience and rela�onships with large
global equity investors will benefit Zegona.
BCA Marketplace plc (“BCA”) published their interim results for the nine month period to 4 October 2015. The
business con�nued to perform strongly with adjusted EBITDA (pre acquisi�ons) up 14.0% to £47.1m for the
period driven by organic growth in both the UK and Europe. BCA’s buyer finance division is exhibi�ng growth
with vehicle penetra�on increasing to 5.0% of vehicles sold in the UK (from 3.6%). A maiden dividend of 2.0p
will be paid on 18 December 2015.
Gloo Networks Plc (“Gloo”) announced its interim results for the period from incorpora�on on 16 February
2015 to 30 September 2015, with the business incurring a net loss of c. £1m. Gloo has not acquired a trading
business and con�nues to pursue its strategy in seeking to acquire trusted consumer brands in the media sector
that appeal to a�rac�ve socio­economic groups, and to use data and technology to change their business
models to ul�mately unlock value and increase profitability

davebowler
15/12/2015
09:57
thanks dave
although the share price hasn't moved the owner base has massively and Invesco now own close to 40%
I think we are on the cusp of an exciting new chapter - £5 by 2018 imo!

mad foetus
15/12/2015
09:50
Liberum;
Marwyn Value Investors
Gloo Networks - Vivendi CEO joins as non-exec Chairman

Event
Liberum's Technology & Gaming Team has published the following comment on Gloo Networks. MVI LP (the Master Fund) was the cornerstone investor in the Gloo IPO and holds 34.9% of the equity.

Gloo Networks IPO’d in August at a placing price of 120p and raised £30m as a basis to undertake due diligence on potential large acquisition targets; Gloo’s declared strategy is to acquire and operate consumer brands in the media sector with an EV in the range of £250 million to £1 billion.

The Company is led by digital transformation experts Rebecca Miskin (Chief Executive Officer), formerly Digital Strategy Director and Change Agent at Hearst Magazines UK, and Juan Lopez-Valcarcel (Chief Product and Operations Officer), who was previously Chief Digital Officer for Pearson International.

Today Gloo has announced the appointment of Arnaud de Puyfontaine – the CEO of Vivendi as Non-Executive Chairman – and there are three key takeaways:

1. The appointment of the current CEO of a €26bn mkt cap Group highlights the serious ambitions of Gloo

2. The Chairman’s current company and experience perhaps offers some pointers as to which elements of the media industry Gloo’s ambitions are focused upon (TV, Music, Content etc.). Note that he and the CEO of Gloo also worked together at Hearst

3. The timing of the announcement may suggest that talks with potential targets are advancing

We look forward to seeing how Gloo’s ambitions develop during 2016 and the Company potentially offers a focused vehicle to accelerate the digital transformation of well-known media content providers.

davebowler
07/12/2015
20:05
looking at the eto share price one has to applaud the MVI management for exiting eto with perfect timing.
ceaserxzy
24/11/2015
09:01
There seems to be a consensus that this is, at best, unethical practice. It is good to see a director purchasing on the open market, but it is difficult to see what justification there is for compulsorily redeeming shares at NAV one month and then issuing shares at a discount to NAV the following month.

Having attended the AGM earlier this month I also find it a little concerning that this was not mentioned as something the board were considering. Reading between the lines, MVI want to keep the institutional investors onside, particularly Invesco. However, institutions will generally vote in accordance with best practice, particularly the guidelines issued by PIRC, and if MVI's brokers had been a less "spivvy" firm than Liberum I suspect they would have been discouraged from taking this approach. It will be interesting to see how the votes fall at the EGM, as institutions don't generally vote against PIRC recommendations.

mad foetus
24/11/2015
07:57
Numis critical of Marwyn:



It appears that MVI can ignore pre-emption considerations because they are listed on the specialist fund market, not the main market.

jonwig
23/11/2015
15:39
Management appears to have stopped working in the interests of shareholders. I'm glad I am no longer a holder (not that I was for any length of time).
hpcg
23/11/2015
15:35
Liberum;
Event
MVI has conditionally placed 22,727,273 shares at 220p per share with institutional investors (raising gross proceeds of £50m). The new shares will represent 28.7% of the enlarged issue share capital of the company.

James Corsellis and Mark Brangstrup Watts, the founders of MVI, have agreed to subscribe for new ordinary shares at an aggregate value of £2 million.

Completion of the placing is subject to a number of conditions, including shareholder approval of the special resolution to be proposed at an EGM on 10 December 2015. Notice of the EGM will be included in a circular which is expected to be posted to shareholders today. A prospectus is also expected to be published today.

davebowler
19/11/2015
09:10
"Eligible Investor" - a holder on Liberum's contacts list.
jonwig
19/11/2015
08:53
Thanks Jon - I stand corrected. I'd assumed that because the AGM was in Jersey the company was a Jersey one.

Mind, it doesn't change my key point, which is that the ability to issue shares without offering them to existing holders is something that PIRC want to limit to 10% of the share cap in any year, and instis don't like to vote against PIRC recommendations. Therefore I think MVI may be using an authority which they currently have but which may be increasingly hard to renew.

Not helped of course by the fact that from what I can see, "eligible investor" is not defined in the RNS.

mad foetus
19/11/2015
08:48
Not this ... ?
jonwig
19/11/2015
08:44
jonwig,
it's a Jersey company but I assume pre-emption rights have been disapplied. That said, PIRC have issued guidelines about this and I am not sure they will be able to get such an authorisation to disapply away next year.

mad foetus
19/11/2015
08:42
Because they wanted to raise funds and there weren't enough takers above 220p?
It can't be easy to get a placing away above a current share price.

You can wonder where pre-emption rights went. CAY-registered, I think. probably explains it.

jonwig
19/11/2015
08:37
Shocking!

He will probably take the credit for narrowing the discount...lol...

tiltonboy
19/11/2015
08:28
Hmm - Robert Ware at it again!

Why should new placees get stock at 220p versus the NAV of 260p?

If the issue is limited to 22.73m shares and not more, then the NAV falls 4% from 260p to 249.5p.

skyship
10/11/2015
09:23
obviously have to change the xx in the url to tt
dell1234
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