Marwyn Value Investors Share Discussion Threads

[skyship] 28/1/2021 08:59

HP - Quarterly. They stated this on 15th January:

"A further announcement detailing the timing and amount of the first quarterly dividend of 2021 will be made in due course."

2.265p (an odd amount!) x 4 = 9.06p pa. So at 107p the yield = 8.47%.

Allied to the 34.1% discount, seems fair value again at 107p.

That 9.06p compares with 8.25p historically. The last qtly divi was back in Jul'18.

[hugepants] 28/1/2021 08:09

Interim dividend to Ordinary Shareholders


2.265p dividend announced. They don't say if it is quarterly or half yearly. Previously they paid quarterly?

[hugepants] 19/1/2021 20:19

The 5% NAV increase not caused by exchange rates either! Pretty odd. Last time NAV was this high was sept 2019.

[hugepants] 19/1/2021 10:56

15 January 2021


Anyone have any idea why NAV jumped from £1.553 on 18/12 to £1.63 on 31/12?
The ZEG (Eusklatel) share price has been pretty constant.
Have they written up Le Chameau?


fyi This was my previous NAV breakdown estimate;

NAV 156p. Discount = 31% based on 107p share price.

Net Cash = 84p
Zegona(ZEG) = 54.5p
Wilmcote (WCH) = 8.5p
Le Chameau = 7p
New Acquisition Vehicles 2p

[hugepants] 15/1/2021 14:40

They were paying a 2.064p dividend per quarter previously

[tiltonboy] 15/1/2021 14:13

Nice to see the board having to bow to shareholder pressure...Let's hope they realise the modus operandi is well past it's sell-by date, and it's time to stop pillaging shareholders funds. Just wind it up boys!

[gleach23] 15/1/2021 14:12

Had been considering ZEG but plumped for MVI on this news, after saying never again!

Possibly naive but hoping for a rise to mirror the fall after they previously cancelled the divi...

[hugepants] 15/1/2021 12:42

...the Board has determined that, at this time, the most suitable method through which to satisfy the Policy is to distribute the full amount required as dividends. Accordingly, the Board has resolved that, until further notice, all distributions under the Policy will be made through dividend payments on a quarterly basis.

[tiltonboy] 31/12/2020 11:45

SKYSHIP,

Likewise.

[spob] 31/12/2020 11:33

I googled

london stock exchange schedule 2020

[skyship] 31/12/2020 11:31

Thnx again. I entered "Opening and closing hours over Christmas & The New Year"...and was given a link to 2006!!!

[skyship] 31/12/2020 11:03

Thnx spob - agreed, usually is; but bizarre nothing on ADVFN home page, nor on the LSE site!

[spob] 31/12/2020 10:23

usually 12:30 on new year eve

re-open normal time monday morn

[skyship] 31/12/2020 10:13

Hi Tilts - 2 simple questions to which I can't find an answer:

Q. What time does the market close today?

Q. When do we re-open?

Thnx.....and wishing you well for 2021

[tiltonboy] 31/12/2020 09:59

Zegona stand at a discount to Euskaltel valuation as well.

I've had a little nibble since yesterday afternoon.

[hugepants] 31/12/2020 09:08

Fyi. My estimated portfolio breakdown after SHH liquidation.

NAV 156p. Discount = 31% based on 107p share price.

Net Cash = 84p
Zegona(ZEG) = 54.5p
Wilmcote (WCH) = 8.5p
Le Chameau = 7p
New Acquisition Vehicles 2p

[someuwin] 31/12/2020 08:48

Marwyn Value Investors Limited ("MVIL" or the "Company")

Appointment of Vin Murria OBE to Marwyn Acquisition Company I Limited

The Company notes today's announcement by Marwyn Acquisition Company I Limited regarding the appointment of Vin Murria OBE as Chairman. Marwyn previously worked with Vin to acquire and grow Advanced Computer Software plc ("ACS") through executing a highly successful buy-and-build strategy, ultimately delivering a cash multiple of 7.2x on the Marwyn funds' investment in ACS.

Mark Brangstrup Watts, a director of Marwyn Asset Management Limited (the Manager of MVIL), commented: "We are delighted to be working with Vin again and look forward to her leading one of Marwyn's recently launched acquisition companies in pursuing mid-cap opportunities in the software sector. Vin is widely regarded as a pre-eminent operator in the sector and has an exceptional track record of delivering shareholder value".

[spectoacc] 16/12/2020 16:03

Yes not before time, tho 50/50 divis/buybacks. And what on earth is "...Certain information has come to the attention.."? Bizarre.

[tiltonboy] 16/12/2020 15:40

Better news is the return to dividends

[spectoacc] 16/12/2020 15:36

"..Following the adjourned 2020 annual general meeting of the Company on 3 December 2020 (the "AGM"), certain information has come to the attention of the Board which calls into question the outcome of that meeting. It is therefore proposed that the Company holds an extraordinary general meeting (the "EGM") where the resolutions tabled at the AGM be proposed again. "


Intrigued.

[igbertsponk] 07/12/2020 15:03

So having failed pretty miserably with all the small newco's they've tried to launch theuy'r now trying again with the execs from the successfil ones? Almost as if the Marwyn guys shouldn't be allowed to meddle...

[tiltonboy] 04/12/2020 22:37

The only positive is that they are only commiting 1.5% of NAV.

[cerrito] 04/12/2020 21:35

Judging from today's announcement, it appears, tiltonboy, they did not listen to your words of wisdom. This is a shame as it needs to be out out of its misery,