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
  -1.00 -0.8% 123.50 5,803 15:54:11
Bid Price Offer Price High Price Low Price Open Price
121.00 126.00 124.50 123.50 124.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.84 5.84 8.26 15.0 85
Last Trade Time Trade Type Trade Size Trade Price Currency
15:55:51 O 827 121.05 GBX

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Date Time Title Posts
27/9/201914:27Marwyn Value II1,367

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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 124.50p.
Marwyn Value Investors Limited has a 4 week average price of 123.50p and a 12 week average price of 123.50p.
The 1 year high share price is 136p while the 1 year low share price is currently 112.50p.
There are currently 68,451,713 shares in issue and the average daily traded volume is 41,443 shares. The market capitalisation of Marwyn Value Investors Limited is £84,537,865.56.
skyship: A mere £5m - looks like a typical piece of Robert Ware tinkering; whereas what they should be doing is either returning the dividend, or better still - liquidating
skyship: Gleach - go back and look again! This is what the RNS states: As at 5 October the closing mid share price of an Ordinary Share in the Company was GBP1.3050 and represented a discount of 33.85% to the net asset value per Ordinary Share. NB: the 33.85% discount is at an share price of 130.5p. The discount at 123p is 37.66%.
belgraviaboy: Trouble is, if the share purchases do not shift the share price - MVI will be under even more pressure. People have been happy to sit here with not much going on with the divi rolling in, but if it drifts or even dips... Given the current lack of liquidity there could be some 'trapped' larger holders who will use the re-purchases to exit. Could be the same ones who voted it through.
davebowler: Liberum; Bid rejected for BCA Marketplace Event The board of BCA Marketplace rejected a preliminary offer of 200p per share for the company from Apax Partners. The offer was made on 9 May and no further proposals have been received. Apax has announced this morning that is is considering a possible offer for the company. BCA Marketplace is the largest investment in Marwyn's portfolio. We estimate it accounts for c.37% of NAV. Liberum view BCA owns and operates Europe’s largest automotive exchange network, providing a range of vehicle management services to OEMs, leasing companies and dealerships. The company's share price has recovered by 41% since mid-March following a period of volatile performance in Q1 2017. The Q1 share price decline may have been driven by market concerns regarding new car sales in the UK. BCA has, however, been gaining share in the volume of used vehicles processed through its infrastructure and is also expected to benefit from providing services to OEMs and leasing companies to maximise residual values in this environment. Given BCA's last closing price of 211p, we would expect any potential bid will need to be significantly higher than 200p in order to be successful. Marwyn currently trades on a -31.7% discount to our live NAV estimate.
hedge fund harry: Thankyou Robsy. I hope you have seen the NAV announcement at the end of the day today. As at 11 May the closing mid share price of an Ordinary Share in the Company was GBP1.2650 and represented a discount of 36.64% to the net asset value per Ordinary Share. A discount of 36.64% is far too high and unwarranted especially given the high yield on offer. I'm targeting a minimum share price of £1.60. This would still be a 20% discount and would not in any way overvalue this stock.
hedge fund harry: The BCA share price was up 4% almost reversing the decline caused by the Times article. I also note that Armstrong Investments are continuing to increase their stake.
hedge fund harry: Thankyou gleach for highlighting this opportunity. My estimates are the NAV has risen by 6% since the last published update and the next update will show a NAV of 200p or above. 4% due to ZEG, 1% due to BCA, 1% due to GLOO. With the FTSE index at such a high level I think there is an opportunity here for a comfortable 20% rise in the share price. The portfolio companies are all listed plcs except Chameau which is 15%. The listed portfolio companies are BCA,ZEG,WCH,SSH,GLOO. Throw a 6.5% yield into the mix and I believe the current share price represents a fantastic opportunity in a market close to record highs.
belgraviaboy: You can add in that Miton have been buying for their Global Opportunities fund as well. From their most recent factsheet: "Marwyn Value Investors is distrusted by the market despite having been very successful in the past. The current share price is attractive given the possibility that the fund managers can repeat past successes." I bought some thing morning as well at the same price.
spectoacc: Lovely from ZEG: ZEGONA COMMUNICATIONS PLC Zegona sells Telecable for total value of Up to EUR701m(1,2) London, England, 16(th) May 2017 - Zegona Communications PLC announces the sale of Telecable, its Spanish Cable business, to Euskaltel Attractive valuation for Telecable: -- Euskaltel is acquiring Telecable for a total value of up to EUR701m(1,2) , comprising an Enterprise Value of EUR686m and up to EUR15m deferred payment -- The Enterprise Value consideration includes EUR186.5m cash(3) and 26.8m shares in Euskaltel (15% ownership) -- Transaction values Telecable at 10.8x EBITDA and 17.7x Cash Flow(4) Substantial value creation for Zegona shareholders: -- Transaction values Telecable at an implied Zegona share price of GBP1.99(5) -- 64% premium to Zegona's undisturbed share price(6) and 41% premium to Zegona's current share price(7)
blondeamon: JUST BEEN RECOMMENDED ON SIMON THOMPSON'S BARGAIN SHARE PORTFOLIO!! Imagine being able to buy shares in an investment company for a third less than the combined market value of all that company's investments. Even better than that, imagine that all those investments are soaring in value, but investors have yet to cotton on to the fact. It may seem an unlikely scenario, but this is exactly what I have uncovered in a special situation this week and one that provides us with one heck of an arbitrage opportunity. And I don't expect it to last long once other like-minded investors wise up to this valuation anomaly. Time to 'arb' away the valuation anomaly The company I have uncovered, Marwyn Value Investors (MVI: 143p), has been under my watchful eye for some time now as I have been waiting patiently to press the buy button. I think that time has now come because the share price discount to net asset value has widened to such an extent that the downside risk looks virtually non-existent and a 20 per cent-plus re-rating in the share price looks firmly on the cards. Let me explain. The company was created in April 2008 through the amalgamation of two Marwyn funds and was admitted to trading as a closed-end investment company on the Specialist Fund Market of the London Stock Exchange in December 2008. The investment objective of the company is simple: to maximise total returns through the capital appreciation of its investment in Marwyn Value Investors LP, an open-ended fund domiciled in the Cayman Islands, which was launched in March 2006 with backing from more than 60 leading institutions and alternative funds. Marwyn Value Investors LP specialises in the acquisition of growth businesses by taking significant stakes in quoted portfolio companies and has so far invested in 13 portfolio companies which have together completed 68 transactions, with an aggregate transaction value in excess of £1bn. It has been successful, having generated net asset growth of 140 per cent in that period. Hidden value in the portfolio Currently, the ordinary shareholders of MVI have interests in five companies: film producer Entertainment One (ETO); healthcare software company Advanced Computer Software (ASW); Breedon Aggregates (BREE), the largest independent aggregates company in the UK; specialist asbestos services company Silverdell (SID) and transport and consumer goods investment company Marwyn Management Partners (MMP). Of these companies, all bar Marwyn Management Partners, which only accounts for around 2 per cent of net assets of MVI, are Investors Chronicle buy recommendations. Moreover, shares in these companies have been soaring since MVI last updated the market. For instance, shares in Entertainment One, which has just completed the acquisition of Alliance Films to become the largest independent film distributor in Canada and the UK, have risen 10 per cent since 18 January as investors warm to the earnings-enhancing deal. Even now, shares in Entertainment One are still only rated on 11 times EPS for the 12 months to March 2013, dropping to 10 times the year after. Given that the investment in the company accounts for more than 75 per cent of MVI's net asset value then prospects for the two companies are closely interlinked. But even though shares in Entertainment One have rallied 46 per cent off their lows last May, shares in MVI have only risen by 16 per cent in this time, which means the share price discount to net asset value has widened further. That's important because, by my reckoning, the investment in Entertainment One, a company with a £500m-plus market value, is now worth more than MVI's own market value. Of interest, too, is the investment in Advanced Computer Software (ASW). Half-year figures from the healthcare and business software specialist revealed robust sales growth and impressive cash-flow generation. Underlying cash profit jumped 10 per cent to £13.2m, while cash generated from operations rose 9 per cent to £12.3m. The cost-saving IT solutions offered by the company are clearly proving popular in the current climate, which is hardly surprising. The shares are proving popular, too, having soared by 40 per cent from 60p at the end of September to 83p now. In fact, the value of MVI's investment has increased in value by almost 20 per cent in the past three weeks alone. By my reckoning, MVI's holding is now worth around £25m. And it is not the only share price gathering momentum as MVI's investment in Silverdell has soared 45 per cent since late September and is up 12 per cent in the past three weeks. The company offers specialist asbestos services in the UK by providing environmental, remediation and consultancy services across diverse end-user markets including government, retail, utilities, nuclear, marine and petrochemical. To highlight the growth potential in this business, it's worth considering that the price has more than doubled since we first tipped the shares at 7.25p two years ago, and yet the shares still trade on just nine times forecast earnings. True, the share price of Breedon Aggregates is unchanged since the last investment update from MVI but, taking all the gains into account, by my reckoning MVI currently has a net asset value well over 10 per cent higher than the 186p a share reported on both 18 January 2013 and 28 September 2012. But MVI's share price, at 135p, is barely changed, having been 127p at the end of September and 130p a month ago. On this basis, I calculate that shares in Marwyn Value Investors (MVI), are priced at a third below net asset value which is anomalous to say the least considering the buoyant performance of its shareholdings and the operational performances from the companies to back up those. Share price breakout looms Interestingly, ordinary shares in MVI are now priced just below their September to December highs around 144p and look poised for an imminent breakout. That would certainly be justified based on the performance of the portfolio and the operational performance of the constituent companies. Priced on a bid-offer spread of 140p to 143p, I rate Marwyn Value Investors' (MVI) ordinary shares a very strong trading buy and have a conservative three-month target price of 165p, which, if achieved, would narrow the share price discount to current book value to around 20 per cent. Please note that Marwyn also has a 'B' class of shares, which I am not recommending buying.
Marwyn Value Investors share price data is direct from the London Stock Exchange
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