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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 0.0% 127.50 125.00 130.00 127.50 127.50 127.50 300 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.0 0.0 - 78

Marwyn Value Investors Share Discussion Threads

Showing 1426 to 1444 of 1800 messages
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DateSubjectAuthorDiscuss
30/12/2019
16:21
Tilts - "TFG look to be the standout, but stumped why they trade where they do, given the track record." Bizarre that one. I've held a couple of times this year; all to pretty much no avail. I suppose no-one really believes the valuation they're placing on the asset management companies, as a 48% NAV discount & 6% yield should surely make them a great value buy.
skyship
30/12/2019
16:12
HP, Totally agree.
tiltonboy
30/12/2019
15:53
ZEG should be buying back ZEG shares and MVI should be buying back MVI shares. A double whammy.
hugepants
30/12/2019
15:41
There's plenty on offer if ZEG want to start buying them back.
tiltonboy
30/12/2019
15:38
Worth 50p on the share price if they liquidate it all.
tiltonboy
30/12/2019
15:36
Zegona Communications PLC 30 December 2019 https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/amendment-to-barclays-facility/201912301514343097Y/ On 2 December 2019, Zegona announced that its stake in Euskaltel and net cash position had a value of £1.41 per Zegona share, which was 46% higher than its share price on that date3 and that its Board was determined to take actions to close this differential. The amendments to the Barclays facility provide Zegona with significant financing flexibility as it evaluates actions to close the share price discount. Worth 15p on the MVI nav if they eliminate the discount
hugepants
30/12/2019
14:52
Lol @tilts - none of it from me. Tho I'm once again starting to look at RSE...... Edit - @EI - SGEM looks very sub-scale? c.1.4% ongoing charge as a result.
spectoacc
30/12/2019
14:28
IVI was an attractive low risk/reward last year and it's had a nice recent run. I've bought some SGEM on a 19% NAV discount. Angus Tulloch added another 100k to his holding, He holds well over 1 million shares. SGEM recently appointed Tom Prew as lead fund manger, think it either starts to perform or is wound up. The Trust has no borrowings and what they hold looks liquid. Agree it's a challenge to see much value atm. Little point being contrarian for the sake of it, there needs to be some road to value realisation.
essentialinvestor
30/12/2019
14:11
yeah I noticed that!
hugepants
30/12/2019
14:04
wtf - about 70k HAST been purchased since we started this! No further comments here please.
tiltonboy
30/12/2019
13:19
Not convinced wind-up is on the cards at HAST - much of the recent damage is from that Cuban property co investment that they presumably won't want to dump at a large discount, & they've said things like: "Your Board is also aware that the Company's share price discount may widen as a result of an overhang from time to time of stock in the market. It is now your Board's intention to use its share buyback powers more tactically" and "..The Board intends at least to maintain current dividend levels and, in the future, to seek to deliver a progressive annual dividend policy, by using accumulated revenue reserves where necessary." Doesn't sit well with the recommendations comment in the same report. Really have to go some to underperform that badly tho. OCI is by far the pick of the PE ITs IMO, & that's still on a big discount despite performance. Edit - oh, BUR and RSE! Masses of damage there: "Within the Public Equity allocation, Burford Capital, a litigation funding business, fell heavily after a 'short attack3' in August. The circa 50% fall in Burford's share price was concentrated over a two-day period in which a highly critical research note was published by short-seller Muddy Waters. The report alleged that Burford misrepresented returns, had poor corporate governance and could 'arguably' be insolvent. Burford management acted swiftly to address every item in the report and no further concerns have arisen despite a high level of scrutiny from investors and the media. Its response and our ongoing analysis and engagement with management have strengthened our conviction that Burford's returns are conservatively and accurately reported, and that it has sufficient capital. The share price has recovered from its lows, though remains a long way below our average purchase price. Whilst we do not expect a v-shaped bounce in the stock (principally owing to a large block of shares still to be sold from the troubled Woodford portfolio), we see today's value as anomalous, given the business's stated high return-on-equity. Additionally there are several catalysts that we believe can serve to rebuild the fragile confidence in the company. Riverstone Energy, the listed investor in US oil and gas, fell by more than a third during the period against a backdrop of a declining oil price over the period. Indeed, domestic energy producer shares in the US lost considerably more value as growth forecasts were cut. Shale producers have curtailed production and capital expenditure in order to preserve cash but this comes at the expense of potential future growth. We still believe that the Riverstone management team is of a high calibre and the investments are good quality but the macro backdrop needs to improve for there to be a turnaround. There is also scope for the board to take actions to narrow the circa 30% discount. The Company's holding in CEIBA Investments, a listed Cuban real estate investor, was also a major detractor from performance as the discount to net asset value of the stock widened materially to around 30%. This was primarily the result of a tightening of US sanctions against Cuba, following its alleged involvement in Venezuelan leader's Nicolas Maduro's suppression of the opposition to his regime. These actions not only served adversely to impact underlying hotel revenues in Havana but also to hurt sentiment against Cuban assets in general. " [With apologies for venture OT from MVI].
spectoacc
30/12/2019
12:39
Any other investment trusts/companies worth looking at? Market not far off record highs and seems like most analysts think FTSE will hit 8000 next year. Apart from MVI no other obvious bargains jump out. DCI should give a very good return imo but the time scale is not clear.
hugepants
27/12/2019
18:26
@HP - but you're judging it on the call on ETO. Judge the 3 year numbers on the successful call on BCA, and ask yourself where the returns for shareholders are. Again tho - everything has its price. I'd want a 50% discount at least tho.
spectoacc
27/12/2019
16:16
HP, My concern is that their "buy and build" Modus Operandi has failed with the last two, and with Le Chameau biting the dust as well, it's not been a good time for shareholders. ZEG is only undervalued if the Euskaltel price holds up. The managers will continue to pillage fees across numerous levels IMHO, and will be the major winners. I still say they should give the cash back to shareholders, and wrap it all up!
tiltonboy
27/12/2019
15:58
tilton, Last 3 years obviously not good but I prefer a contrarian approach. They've outperformed over the last 13 years so imo law of averages would suggest they are due a winner. And ZEG clearly undervalued.
hugepants
27/12/2019
13:22
HP, Look at the holding period to have outperformed. Now have a look at the three year numbers!
tiltonboy
27/12/2019
12:16
Below from last results, and before the Le Chameau write-off, but you'll still have beaten the index investing in this outfit. "The Company's strategy has delivered a 172.5% NAV total return to ordinary shareholders from inception in March 2006 to 30 June 2019, compared with a total return of 121.3% for the FTSE All-Share Index over the same period. "
hugepants
27/12/2019
12:01
A long-term vehicle to fund salaries, perks, benefits, mates.
spectoacc
27/12/2019
10:14
Current NAV of ordinary shares is 161p so discount is 33% at current 107p share price FYI. Portfolio breakdown (my estimates!) Net cash 91p ZEG stake 54p SHH stake 9p WCH stake 7p On top of that ZEG is currently valued at a 25% discount to the value of its Euskatel holding. See ZEG news release on 2nd December; https://www.investegate.co.uk/zegona-comm-plc--zeg-/rns/zegona-s-market-value-per-share/201912020700102400V/
hugepants
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