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
  0.50 0.45% 112.50 210,000 12:45:00
Bid Price Offer Price High Price Low Price Open Price
112.00 113.00 112.50 112.00 112.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.00 70
Last Trade Time Trade Type Trade Size Trade Price Currency
16:52:36 O 64,155 112.25 GBX

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Date Time Title Posts
09/7/202013:26Marwyn Value II1,566

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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 112p.
Marwyn Value Investors Limited has a 4 week average price of 105p and a 12 week average price of 102p.
The 1 year high share price is 130p while the 1 year low share price is currently 75.50p.
There are currently 62,145,880 shares in issue and the average daily traded volume is 88,941 shares. The market capitalisation of Marwyn Value Investors Limited is £69,914,115.
hugepants: 200K director buy at 80p on Friday. Hopefully puts a floor on the share price.
hugepants: "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.
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).
hugepants: 125K trade at 78p. I hope its a buyback. The company should be buying as many as they can just now. NAV should be about 154p now given the 10% rise in ZEG since the last NAV update. That would make NAV drop of about 4% since start of the year (not bad considering!) which compares with a 25% drop in share price over same period. No wonder even the directors "find the current discount to net asset value frustrating and irrational"
spectoacc: But will you ever see that cash? And will it get spent wisely, or on yet more "platform" co's, of which only one seems to have worked so far? Just seems like a directors' payment machine to me. And a tricky sell when some "genuine" PE co's are now on big discounts. MVI price vs MVIR price says a fair bit IMO.
hugepants: yep there may be some doubt as to accuracy of the NAV. However I take some comfort from the fact the share price didn't even get this low during the financial crisis. MVI is another one where the NAV has held up well although there's a good reason for that! More by luck than judgement Id suggest.
hugepants: EE, yes still holding adig. The NAV has been very resilient considering so Id hope the share price will recover.
tiltonboy: Worth 50p on the share price if they liquidate it all.
hugepants: Zegona Communications PLC 30 December 2019 On 2 December 2019, Zegona announced that its stake in Euskaltel and net cash position had a value of £1.41 per Zegona share, which was 46% higher than its share price on that date3 and that its Board was determined to take actions to close this differential. The amendments to the Barclays facility provide Zegona with significant financing flexibility as it evaluates actions to close the share price discount. Worth 15p on the MVI nav if they eliminate the discount
spectoacc: Not convinced wind-up is on the cards at HAST - much of the recent damage is from that Cuban property co investment that they presumably won't want to dump at a large discount, & they've said things like: "Your Board is also aware that the Company's share price discount may widen as a result of an overhang from time to time of stock in the market. It is now your Board's intention to use its share buyback powers more tactically" and "..The Board intends at least to maintain current dividend levels and, in the future, to seek to deliver a progressive annual dividend policy, by using accumulated revenue reserves where necessary." Doesn't sit well with the recommendations comment in the same report. Really have to go some to underperform that badly tho. OCI is by far the pick of the PE ITs IMO, & that's still on a big discount despite performance. Edit - oh, BUR and RSE! Masses of damage there: "Within the Public Equity allocation, Burford Capital, a litigation funding business, fell heavily after a 'short attack3' in August. The circa 50% fall in Burford's share price was concentrated over a two-day period in which a highly critical research note was published by short-seller Muddy Waters. The report alleged that Burford misrepresented returns, had poor corporate governance and could 'arguably' be insolvent. Burford management acted swiftly to address every item in the report and no further concerns have arisen despite a high level of scrutiny from investors and the media. Its response and our ongoing analysis and engagement with management have strengthened our conviction that Burford's returns are conservatively and accurately reported, and that it has sufficient capital. The share price has recovered from its lows, though remains a long way below our average purchase price. Whilst we do not expect a v-shaped bounce in the stock (principally owing to a large block of shares still to be sold from the troubled Woodford portfolio), we see today's value as anomalous, given the business's stated high return-on-equity. Additionally there are several catalysts that we believe can serve to rebuild the fragile confidence in the company. Riverstone Energy, the listed investor in US oil and gas, fell by more than a third during the period against a backdrop of a declining oil price over the period. Indeed, domestic energy producer shares in the US lost considerably more value as growth forecasts were cut. Shale producers have curtailed production and capital expenditure in order to preserve cash but this comes at the expense of potential future growth. We still believe that the Riverstone management team is of a high calibre and the investments are good quality but the macro backdrop needs to improve for there to be a turnaround. There is also scope for the board to take actions to narrow the circa 30% discount. The Company's holding in CEIBA Investments, a listed Cuban real estate investor, was also a major detractor from performance as the discount to net asset value of the stock widened materially to around 30%. This was primarily the result of a tightening of US sanctions against Cuba, following its alleged involvement in Venezuelan leader's Nicolas Maduro's suppression of the opposition to his regime. These actions not only served adversely to impact underlying hotel revenues in Havana but also to hurt sentiment against Cuban assets in general. " [With apologies for venture OT from MVI].
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