Marwyn Value Investors Share Discussion Threads

[makinbuks] 27/5/2021 12:43

Isn't the dividend a bit bizarre in the face of the refusal to return cash to shareholders? What is the point of an uncovered dividend? Its not like its an income source you could rely on. Seems to me the policy should either be to wind up and return all to holders or return nothing and create a following in the new ideas. The dividend sits astride these opposing philosophies

[wiganer] 27/5/2021 12:00

You may well be right, hope it all goes well for you.

[gleach23] 27/5/2021 11:48

Cheers wiganer. I can see what may have tempted you to sell at this point on the chart.

Personally however I'm holding for now in the hope for a break of this 120p level. Only 3k shares available to buy currently (vs 50k recently from memory). I can also sell my entire holding which I haven't been able to in recent days. So to me it's looking strong short term although things can obviously change!

The dividend encourages me to hold too.

[wiganer] 27/5/2021 11:34

Sold into this tick up for 6.1% net gain, plus divi. Good luck all

[skyship] 26/5/2021 13:16

So, 22% revealed; that leaves another 14.6% still to be declared.

[skyship] 26/5/2021 13:13

Good to see some rather large buys @ 122p today...

[cwa1] 26/5/2021 12:33

TBF there was rather a lot to shift :-)

[toffeeman] 26/5/2021 12:28

Well they only paid 107.5 so they are already showing a decent turn

[makinbuks] 26/5/2021 11:52

Certainly seems encouraging that there were takers for the Invesco holding. Presumably all these new investors would have had direct access to the plan

[redalert] 26/5/2021 10:08

and Octopus now

[toffeeman] 26/5/2021 08:28

Maybe Lansdowne turns this into a long-term buy and hold :)

[skyship] 26/5/2021 07:09

Surely another good name to have on board then?

[tiltonboy] 25/5/2021 21:45

Billionaire Stephen Lansdown of Hargreaves Lansdown fame

[gleach23] 25/5/2021 20:51

8% to Pula Investments...

[davebowler] 25/5/2021 09:23

Liberum;
Significant capital return from Zegona

Mkt Cap £67m | Share price 116.0p | Prem/(disc) -36.0% | Div yield 7.8%

Event

Zegona yesterday announced its intention to return £335m to shareholders following the acquisition of Euskaltel by by MasMovil. Zegona is the largest investor in Euskaltel, a quad-play telecoms provider in the North of Spain.

The offer from Masmovil represents an underlying asset value of 170p per share for Zegona. The offer is conditional on regulatory clearances and a minimum 75% acceptance level. On completion, Zegona will receive €428m (£370m) from the sale, of which £335m (153p per share) will be returned to shareholders. Zegona expects to have a net cash balance of c.£11m after the capital return and LTIP payments. Zegona will look for further investments that fits its Buy-Fix-Sell strategy across the European TMT sector.

Marwyn funds hold 42.1m shares in Zegona, of which 30.2m relates to the ordinary shares and 4.4m relates to the realisation shares. Marwyn funds will receive £64.35m assuming the sale completes. The proportion relating tot he ordinary shares is £46.1m. The company's distribution policy is to return 50% of net capital gains to shareholders. Since 2015, £37.9m has been returned to shareholders through dividends and share buybacks and the realised gains over the same period are £35.7m. No distribution is required under the policy as MVI has already returned significantly above the 50% level. The proceeds will be used to support its acquisition vehicles.

Biggest Movers

[tiltonboy] 25/5/2021 07:35

Hopefully in the five months it takes to get their hands on the money, shareholders will have voted for a Realisation.

Arrogance again!

[tiltonboy] 25/5/2021 07:26

As expected, MVI do not intend to return the ZEG proceeds to their own shareholders.

Hypocritical comes to mind!

[skyship] 25/5/2021 07:25

No capital return to MVI ordinary shareholders from the ZEG pay-out:

"As the Company has already returned significantly in excess of the amount required, no further distribution is required to be made to ordinary shareholders under the Ordinary Share Distribution Policy."

[frazboy] 24/5/2021 18:16

Zegona confirmed the requested return. With the shareholder turnover I wish I could buy these but can’t find a means of doing so.

[skyship] 24/5/2021 15:52

Well - that's 9% spoken for.........just another 27% to go!

[cwa1] 24/5/2021 15:39

Excellent!

[tiltonboy] 24/5/2021 15:30

1607 is a decent name to have on board

[redalert] 24/5/2021 15:28

Capital partners 9.24% just RNS'd

[hugepants] 24/5/2021 13:49

Indeed.
Can anyone recall the time limit for declaring an updated shareholding?
Hopefully it is activist types that have bought in here. That would set the cat amongst the pigeons.

[cwa1] 24/5/2021 09:41

A tiny flicker of life in the patient this morning as the bid moves languorously upwards