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 Shares Traded Last Trade
  0.00 0.0% 119.00 5,947 08:00:00
Bid Price Offer Price High Price Low Price Open Price
115.00 123.00 119.00 119.00 119.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.00 73
Last Trade Time Trade Type Trade Size Trade Price Currency
15:28:20 O 2,500 118.00 GBX

Marwyn Value Investors (MVI) Latest News (2)

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Marwyn Value Investors Investors    Marwyn Value Investors Takeover Rumours

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Date Time Title Posts
29/7/202107:26Marwyn Value II1,751
31/12/202008:48Marwyn Value Investors Limited1

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Marwyn Value Investors Daily Update: Marwyn Value Investors Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MVI. The last closing price for Marwyn Value Investors was 119p.
Marwyn Value Investors Limited has a 4 week average price of 119p and a 12 week average price of 115p.
The 1 year high share price is 122p while the 1 year low share price is currently 103p.
There are currently 61,518,156 shares in issue and the average daily traded volume is 24,734 shares. The market capitalisation of Marwyn Value Investors Limited is £73,206,605.64.
skyship: 29/07/21: INTERIM DIVIDEND TO ORDINARY SHAREHOLDERS The Company is pleased to announce that an interim dividend of 2.265p per Ordinary Share will be paid on 27 August 2021, pursuant to the Company's ordinary share distribution policy.
skyship: "Marwyn Value Investors has 2 classes of share - ordinary and Realisation shares. Both classes have the same rights, except that the Realisation shareholders are only entitled to returns on realisations made on investments." You'll find plenty of information in past MVI pronouncements - in typical Robert Ware fashion a further complication to muddy the waters.
davebowler: 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
spectoacc: "MVIL announces that it has been advised that two shareholders of the Company have sold, in aggregate, 20,459,854 ordinary shares in the Company ("Ordinary Shares") at a price of 107.5p pence per Ordinary Share (the "Sale Shares") (the "Sale")." Are Invesco Britain's worst investors?
davebowler: Liberum; Mkt Cap £65m | Prem/(disc) -37.0% | Div yield 2.0% Event Marwyn Funds, including Marwyn Value Investors LP (in which MVI is fully invested), have invested a further £12m into Marwyn Acquisition Company II Limited (MAC II) and Marwyn Acquisition Company III Limited (MAC III). Of each £12m investment, c.£9.2m is attributable to MVI and therefore represents 9.2% of the ordinary shares' NAV at 31 March 2021. MAC II and MAC III are also considering a further equity issue of up to £200m via redeemable shares and warrants.
eezymunny: The NAV, of course, reflects the increased share price of Zegona. The ZEG price is yet to reflect the take-out price of Euskaltel however. So a double "crazy discount"? Even more stark at MVIR, where ZEG is a much greater % of NAV?
davebowler: Liberum; Significant NAV uplift from Euskaltel bid Mkt Cap £61m | Prem/(disc) -33.1% | Div yield 2.1% Event Masmovil yesterday announced a takeover bid for Euskaltel worth almost €2bn. Euskaltel is a quad-play telecoms provider in the North of Spain The largest shareholder in Euskaletel is Zegona Communications, which is the biggest position in MVI's portfolio. Zegona accounts for approximately 33% of MVI's NAV (based on Friday's closing price). Zegona's large shareholding in Euskaltel originated when it sold Telecable to Euskaltel in 2017 in a cash and share transaction. Masmovil's offer of €11.17 per share in cash for Euskaltel has the agreement of 52.3% of shareholders. The offer price represents a 16.5% premium to Friday's closing price. The offer is conditional on receiving at least 75% acceptance. The transaction values Euskaltel at 10.1x EBITDA and 21x operating cash flow. Liberum view A transaction between Masmovil and Euskaltel has been speculated for a number of years. Assuming the takeover completes, the transaction should be highly accretive for Zegona shareholders. Based on Friday's closing price, Zegona's market cap is £207m and the company's 21.4% stake in Euskaltel is valued at €428m (£363m) at the offer price. Zegona also has a small net cash position resulting in an underlying asset value per share of 170p (80% premium to Friday's price). Zegona’s share price has risen by 32% so far this morning. We would expect the majority of capital received by Zegona to be returned to shareholders.
hugepants: 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
davebowler: 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).
shaker44: I read just now that BCA recommend acceptance and yet mvi share price drops. I don't get it.
Marwyn Value Investors share price data is direct from the London Stock Exchange
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