Mercia Asset Management Share Discussion Threads

[p1nkfish] 17/10/2019 15:17

Bounce to what level do people expect when this mess is finally cleared?

It's a wake up call to all concerned about liquidity of portfolio holdings & liquidity of major shareholders. Merc has suffered because of both.

[pugugly] 17/10/2019 14:37

Not sold out to a 3rd party - Just registed in name of Link Fund Solutions Ltd with Woody's dparture - So what price will they fetch in the fire sale -
Sorry for anyone who was sucked in yesterday by the misledaing impression that the shares had been firm placed - Unless another rns still to come - If not misleading time delay (imo)

[wan] 17/10/2019 14:04

There's the other/matching holding announcement!

[p1nkfish] 17/10/2019 12:22

Double checked, it would have been triple bottom but has passed through. Not healthy looking.

[p1nkfish] 17/10/2019 12:19

Double bottom from sept 2018 or will it pass through lower?

[wan] 16/10/2019 08:23

A transfer suggests that someone sees good value/potential, plus one assumes we will get another holding announcement/s.

[pugugly] 16/10/2019 08:21

OK - So who has taken the Woodford stake or has it been salami sliced?

[stevenb3] 16/10/2019 07:39

There you go, RNS this morning says Woodford stake now below 5%. Should bounce this morning.

[stevenb3] 15/10/2019 16:24

I notice that Woodford stake in Arix has gone below 5% today so I am assuming that their Mercia stake is also being aggressively reduced. I expect an announcement soon and then a jump in the price.

[p1nkfish] 15/10/2019 11:46

Dont worry, management will devalue their options downwards. That's all that matters to Merc.

[pugugly] 15/10/2019 11:35

Now Woodford in fire sale situation any thoughts as to where the Woody 20% holding might fetch, and who might take it - Remember his previous coy Invesco also hold 29.2%
Not IMO a promising situation for the SP

Watching but waiting.

[wan] 29/8/2019 08:26

Interesting news elements for Augusts over at one of Mercia's portfolio companies -

[p1nkfish] 01/8/2019 10:43

More dilution to a total of 4%.

So far virtually zero payback for shareholders.

[gary1966] 01/8/2019 09:38

Only thing I would point out is that they aren’t for free and there is performance criteria that has to be met. Unfortunate timing after the Woodford induced fall though.

[p1nkfish] 01/8/2019 08:56

Totally agree Red.
Not good.

[redartbmud] 01/8/2019 08:15

Grant of Options

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that options (the "Options") over a total of 3,794,000 new Ordinary shares with a nominal value of 0.001p each in the capital of the Company ("Ordinary Shares") were awarded yesterday pursuant to the 2014 Mercia Company Share Option Plan at an exercise price of 33.50p per Ordinary Share (being the closing mid-market price of an Ordinary Share on 31 July 2019). The Options will, subject to the satisfaction of the performance condition, vest in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the Options.

The Options represent, in aggregate, 1.25% of the existing Ordinary share capital of the Company and have been issued to a number of employees of the Company.

Following these grants, the Company has a total of 13,372,000 unvested options pursuant to the 2014 Mercia Company Share Option Plan, equating to approximately 4.41% of the existing issued Ordinary share capital of the Company.

Very clear statement here - We run the business for the behefit of the executive directors only.

[redartbmud] 01/8/2019 08:13

Grant of Options

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, announces that options (the "Options") over a total of 3,794,000 new Ordinary shares with a nominal value of 0.001p each in the capital of the Company ("Ordinary Shares") were awarded yesterday pursuant to the 2014 Mercia Company Share Option Plan at an exercise price of 33.50p per Ordinary Share (being the closing mid-market price of an Ordinary Share on 31 July 2019). The Options will, subject to the satisfaction of the performance condition, vest in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the Options.

The Options represent, in aggregate, 1.25% of the existing Ordinary share capital of the Company and have been issued to a number of employees of the Company.

Following these grants, the Company has a total of 13,372,000 unvested options pursuant to the 2014 Mercia Company Share Option Plan, equating to approximately 4.41% of the existing issued Ordinary share capital of the Company.

Very clear statement here - We run the company for the benefit of the executive directors only.

[aishah] 30/7/2019 20:57

Forced seller gives an opportunity imo

[redartbmud] 30/7/2019 15:20

Every sale needs a purchaser, and for them to hold onto the shares for a while. Flooding the market will only result in a lower share price, in the short term.

[p1nkfish] 30/7/2019 15:10

Sooner he's cleared the better but not a vast amount of interest in taking his stock.

[daffyjones] 29/7/2019 21:25

Confirmed on RNS today that Woodford sold circa 5 per cent of the company in Friday , going from owing 25% of Mercia to just under 20%.
Most likely there will be further sales in the days ahead.

[+eysenck] 26/7/2019 15:47

stevenb3, my thoughts exactly. Woodford's woes are throwing up some nice opportunities - here and Reneuron for example.

[stevenb3] 26/7/2019 14:42

Just topped up at these levels. Large discount to NAV. When Woodford our will bonce back nicely.