Marwyn Value Investors Share Discussion Threads

[cerrito] 20/10/2020 21:55

chunky buyback of 500k shares.

[felix99] 09/7/2020 13:26

not sure where you got your figures from for cash which is held in a few places not just SHH?

SHH
The Group had £23.2 million of aggregate cash reserves and a NAV per share of approximately 83 pence as at 29 June 2020, being the latest practicable date prior to the publication of these Financial Statements.

Returning estimated 76p to shareholders currently

[hugepants] 08/7/2020 20:01

I don't understand how shareholders only get 76p a share from SHH. They've "lost" £5M since the interim results in september

[felix99] 01/7/2020 16:04

no one forced the shareholders to sell at 80p though?

[skyship] 01/7/2020 13:50

To be fair, they did extremely well from ETO, Breedon & Haversham/BCA.

The problem has been their striving always to deny as much as possible the benefits accruing to outside shareholders.

Even the recent 25% share price rise sticks in the craw when you note Rbt Ware bought 200k @ 80p from tender shareholders - then immediately accelerates the buybacks.

[hugepants] 30/6/2020 19:24

Missed that bit tilton. Yes these acquisition type vehicles have been pretty disastrous overall (eg GLOO, WLM) . The only one that seems to have worked is ZEG but not even sure what return they've made on that one.

[tiltonboy] 30/6/2020 18:31

HP,

How can you say nothing to report. The CEO has resigned, and they are talking to shareholders about the future direction of the company.

Simple one....give the remaing cash back to shareholders.

Another embarrassing, abject failure.

[hugepants] 30/6/2020 18:12

SHH results out

Nothing to report although they do say the decrease in private equity valuations should provide opportunities

[hugepants] 24/6/2020 16:20

ZEG up another 7% on news today of a further share buyback program.

[hugepants] 18/6/2020 16:19

I wonder if this rise is being fuelled by a buyback

"Pursuant to the amended Investment Agreement, MLTI LP is required to use the remaining proceeds from the Net Cash Amount of approximately GBP1.6 million to purchase Ordinary Shares alongside MVI LP as part of the Company's buyback programme."

[spectoacc] 10/6/2020 16:05

Agreed, looks better than it did.

[hugepants] 10/6/2020 16:01

It looks like this particular dog is getting ready to bark.
ZEG up 10% last few days to over 100p - increases NAV by 5p

[felix99] 10/6/2020 09:55

its just getting interesting so why duck out yet? Trading at cash of 90p near enough and then ZEG/Euskaltel is worth 50p odd in theory - but its paying divis so apparently making real money. Just needs Euskatel to be sold and this could be up 50% overnight.

Bidding at 87.75 now in big size and can never buy any.

[skyship] 05/6/2020 14:01

86p-89p - A pretty good recovery building up here. Having topped up at just under 80p I'm now pretty well all square, so may well duck out soon...

[hugepants] 03/6/2020 22:12

Euskaltel +17% this week.

[skyship] 31/5/2020 21:31

Robert Ware's 200k purchase was declared a week ago as part of the accelerated bookbuild.

[spectoacc] 31/5/2020 20:06

Post 1534, nice work if you can get it.

Tho yes, 80p may be the co's view on as low as it should be, so might well be a floor.

[hugepants] 31/5/2020 20:01

200K director buy at 80p on Friday. Hopefully puts a floor on the share price.

[tiltonboy] 27/5/2020 15:50

If Invesco had any balls...

What a despicable bunch these lot are!

[spectoacc] 27/5/2020 12:01

"Oversubscribed" at 80p they say, all now done.

Would be nice to think they were self-aware enough to think what so many wanting out at 80p, a 47% discount, says about their custodianship, but somehow I doubt it.

[hugepants] 27/5/2020 08:37

tilton, yes you're right "alongside the buyback"

[spectoacc] 27/5/2020 08:23

Not sure about the "..Higher or lower than 80p.." - and why nothing happened yet.