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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% 122.00 117.00 127.00 122.00 122.00 122.00 2,430 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 0.0 0.0 - 75

Marwyn Value Investors Share Discussion Threads

Showing 1551 to 1573 of 1800 messages
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
DateSubjectAuthorDiscuss
10/6/2020
16:05
Agreed, looks better than it did.
spectoacc
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
hugepants
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.
felix99
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...
skyship
03/6/2020
22:12
Euskaltel +17% this week.
hugepants
31/5/2020
21:31
Robert Ware's 200k purchase was declared a week ago as part of the accelerated bookbuild.
skyship
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.
spectoacc
31/5/2020
20:01
200K director buy at 80p on Friday. Hopefully puts a floor on the share price. https://www.investegate.co.uk/marwyn-value-inv-ltd--mvi-/rns/director-pdmr-shareholding/202005290800062907O/
hugepants
27/5/2020
15:50
If Invesco had any balls... What a despicable bunch these lot are!
tiltonboy
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.
spectoacc
27/5/2020
08:37
tilton, yes you're right "alongside the buyback"
hugepants
27/5/2020
08:23
Not sure about the "..Higher or lower than 80p.." - and why nothing happened yet.
spectoacc
27/5/2020
08:19
HP It isn't a buy-back, it's still for the managers.
tiltonboy
27/5/2020
08:04
It looks more favourable now though. 20% to be used for buyback.
hugepants
22/5/2020
14:18
Suspect it isn't if it's concentrating ownership, and crystalising carried interest benefits: "The Accelerated Bookbuild will be funded through the sale of the Marwyn Carry Partnerships' Ordinary Share Carried Interest Entitlement in MVI LP to the Company. This will have the effect of crystallising the Ordinary Share Carried Interest Entitlement as at the close of business on 21 May 2020 and accelerating its payment (to the extent amounts are payable) to the Marwyn Carry Partnerships. " Again tho, can't say I fully understand what they're doing. One thing I do remember from company law - shares have different value depending on how many you own already. So if you own 1%, another 1% has about the same per share value. If you own 30%, an extra 1% is worth a bit more. If you own 50%, that 51st percent is worth considerably more per share. (AKA the control premium). I don't rate that they can increase stake at 80p, a 47% discount, as being very favourable to the rest of shareholders. Be interesting to see if they get them, who's dumping (Invesco, surely, post-Barnett?). A buy-back far preferable, but even Invesco dumping in the market and giving all shareholders a chance to buy in would have been nice.
spectoacc
22/5/2020
12:22
"SpectoAcc22 May '20 - 08:34 - 1537 of 1538 0 1 1 Basically: "We think we've got a seller, at 80p, at a 47% discount to NAV, and rather than put it into the market, or buy it back in the co to improve NAV, we're going to buy it ourselves". Unless I'm misunderstanding it.." Isn't clearing out seller(s) that have been depressing the share price ultimately good news? Not as good as the company buying them back and cancelling them admittedly.
hugepants
22/5/2020
09:29
First rape, then pillage..... Marwyn Value Investors Proposed share acquisition by manager and crystallisation of carried interest Mkt Cap £46m | Prem/(disc) -49.3% | Div yield n/a Event The manager of MVI is proposing a share acquisition of 9.7m ordinary shares (c.16.3% of ordinary shares in issue) by a Marwyn Carry Partnership. The transaction will be by way of an accelerated bookbuild at a price of 80p per ordinary share (total share acquisition of £7.8m), representing a 47.4% discount to NAV at 21 May and a 3.9% premium to the share price on 21 May. The transaction will be funded by a crystallisation of the carried interest relating to the ordinary shares. The accrued carried interest at 21 May 2020 was £19.1m. This is accrued in the accounts of the Master Fund (MVI LP) and already reflected in MVI's NAV calculation. MVI will acquire the ordinary share carried interest entitlement in the Master Fund based on a consideration of £19.1m. Approximately £6.0m is beneficially owned by the Master Fund through its ownership of Marwyn RP Ltd (an entity which was set up to acquire the incentive allocation owed to former partners and employees of Marwyn). The net payment due is £13.1m. MVI will fund the payment through a partial redemption of its interest in the Master Fund. The transaction will be NAV-neutral aside from total transaction costs of c.£200k. The future carried interest will be reset on the basis of the NAV at 21 May 2020. The carried interest will be 20% of the value returned to ordinary shareholders above a reference amount of £90.3m (subject to a 7.5% pa preferred return).
davebowler
22/5/2020
08:34
Basically: "We think we've got a seller, at 80p, at a 47% discount to NAV, and rather than put it into the market, or buy it back in the co to improve NAV, we're going to buy it ourselves". Unless I'm misunderstanding it.. I'd be more cross if I thought MVI was worth much more than 80p :)
spectoacc
22/5/2020
08:25
The Intro is pretty hilarious, obviously written by Ware himself. Plainly doesn’t see the irony in his words which in effect state we will improve liquidity by buying out a few eligible shareholders and, instead of cancelling, we will further concentrate the controlling shareholder stake!!! Just how does that improve liquidity? Liberum should be ashamed of themselves for allowing such a distortion to reality in a public document. ================================= Background to the Accelerated Bookbuild The Company has been considering for some time a range of proposals that have the potential to improve long-term trading liquidity in the Company's Ordinary Shares at a price that is more representative of the long-term value of the Company's portfolio on a look-through basis. The Company proposes that liquidity and equity alignment are delivered by a Marwyn Carry Partnership offering to acquire 9,739,311 Ordinary Shares from Eligible Shareholders. If completed, the transaction will result in the partners of Marwyn, amongst others, significantly increasing their (indirect) holdings of Ordinary Shares and, through that, increasing their equity alignment with Ordinary Shareholders. ==================================
skyship
22/5/2020
08:21
Like the rest of you confused as to how this benefits alignment and liquidity.
cerrito
22/5/2020
07:33
Agreed. I'm really not getting their "aligning" and "liquidity" rationale, and gave up when it started talking about the merging of the F and G share classes in the Masterfund :) @HP - surely you're with us on MVI now? Robert Ware's plaything (he's also acquiring c.200k shares at 80p).
spectoacc
22/5/2020
07:29
I'm not au fait with how the Master Fund works, but this is another in the long list of disgraceful transactions. I will say again...do the right thing by shareholders, and wind it up.
tiltonboy
22/5/2020
07:24
Can you both explain exactly what's happening? Eg: "The Accelerated Bookbuild will be funded through the sale of the Marwyn Carry Partnerships' Ordinary Share Carried Interest Entitlement in MVI LP to the Company. This will have the effect of crystallising the Ordinary Share Carried Interest Entitlement as at the close of business on 21 May 2020 and accelerating its payment (to the extent amounts are payable) to the Marwyn Carry Partnerships. "
spectoacc
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
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