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Share Name Share Symbol Market Type Share ISIN Share Description
Mercia Asset Management Plc LSE:MERC London Ordinary Share GB00BSL71W47 ORD 0.001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 39.00 38.00 40.00 39.00 39.00 39.00 127,867 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.4 34.0 7.8 5.0 172

Mercia Asset Management Share Discussion Threads

Showing 1076 to 1097 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
01/3/2021
15:56
Strange time of day to release a trading statement....still, at least it looks a good one - presumably they were worried that news of the disposal would leak so couldn't wait til tomorrow.
fredfishcake
09/2/2021
15:38
26.5p broken to upside. Ideally close above there then 28p next, looking useful.
p1nkfish
09/2/2021
15:05
quite correct and very annoying. for the record I have rejoined ShareSoc to see some of their useful interviews and follow their campaign for retail investor rights. Anyway, back up over 25p after a very long wait and I meant to add earlier that when I first met and then invested in MERC they told me their NAV was er 'really' 50p.
srichardson8
08/2/2021
19:25
The problem is one of regulation. In order to make a placing to PI's it is necessary to produce a prospectus and that is time consuming and expensive. Placing with institutions is quick and cheaper.
redartbmud
08/2/2021
19:01
I know this is pedantic but 1) My comment was really a general comment regarding the tendency of companies to carry out accelerated placements at discount to institutions only leaving individal investors to takwe the dilution in the face. 2) In fact the discount was 25p to the previous close of 32p. Well that is biggish discount but given the size of the issue (£30mn, 120mn shares) not entirely mad. It was clear management hoped the acquisition would be a game changer. After the announcement the share was trading at 28p which is about what one would expect. I think what really killed the price was the sell recommendation from Simon Thompson on Dec 9th. Up to then he had been keen on the share. On that day it closed below the offer price at 24p having been 27p at the previous close. Shares which go below new issue prices create a big psychological negative. ST had and still has a pretty big following and for whatever reason his advice that day has proven to be good advice to date. Like a lot of private investors he felt let down by MERC. I do not think that would have happened if stock had been offered to private investpos in the placement. But that is history. And as Henry Ford said....
srichardson8
07/2/2021
19:57
It doesn't matter to me whether they shut private shareholders out, you could buy lower in the market afterwards. The erosion of shareholder value came by issuing shares at a steep discount to NAV, thus undermining the long-term value of one's holding - which is why we are at 25p not closer to 45p.
weatherman
07/2/2021
19:42
srichardson8 I agree with you entirely.
varies
07/2/2021
18:12
The problem is the conflicting interests. Companies wishing to raise money quickly and painlessly, brokers wishing to maximise placing profits and avoid annoying admin in dealing with retail investors, and the latter not wishing to be diluted. Personally I can see no reason why this could not be sorted out with a quick institutional placing to cover the cash requirement with a shoehorn follow up in the form of a quasi rights for private investors. I think the share society may be lobbying for something similar..perhaps someone could enlighten me...
srichardson8
07/2/2021
17:27
Run up towards 28p+ due imho. Need to break 25.2p on the upside and a run through 26.5p will be rewarded.
p1nkfish
07/2/2021
17:08
Oxman I understand your resentment and I hope that whichever investment you pick in preference to MERC will prove rewarding. If you will forgive this hackneyed phrase, Time is a great healer. It make take a few months longer for many disenchanted investors to be reconciled but the institutions given the privilege (denied to the rest of us) of subscribing at 25p have only a very small profit to show for it.
varies
06/2/2021
22:11
Hope your right but personally I'm happy to be out of Mercia given their regard for shareholders. Don't be surprised if you get the same treatment again in future from another opportunity that has to be seized.
its the oxman
06/2/2021
20:25
It is a long time since I looked at MERC's purchase of NVM and I see that this took place in Dec. 2019. MERC paid £12.4m in cash and issued the vendors with 16.8m shares with a value of £4.2m using the placing price of 25p. It also promised deferred consideration of £6.3, payable in equal instalments on the 1st, 2nd and 3rd anniversaries of the purchase. I think that MERC has the option to make these payments in shares. The deferred consideration is conditional on most of the NVM funds transferring to and remaining under MERC management. The price of MERC shares before the announcement was 32p. MERC raised £30m to pay for this purchase at 25p but did not allow its own small shareholders to participate in the placing. This upset many of us and scored a boycott from Simon Thompson still in force today. Whilst sympathising with this reaction I believe that the course of action followed by MERC was in the long term interest of its shareholders in that NVM was well worth the price paid and such an opportunity had to be seized .
varies
05/2/2021
23:51
I doubt Simon will mention MERC again and that's fair enough. Rather than let emotion get in the way of future decisions, far better to make a clean break and move on. I can't stand sellers who throw the toys out the pram then keep sniping at the company ad infinitum.
columbarius
05/2/2021
19:50
ST in IC has a look at a number of similar cos. (eg. ARIX) with big discounts to NAV - but doesn't go back to MERC.
weatherman
05/2/2021
19:44
columbaria , I certainly agree with your summary. I hold some MHC at 1.7p and 2.1p so in profit but I was there because of the hormone/pregnancy kit and the new venture has passed me by. If it gets back to 3p I will sell and follow it through my holding in MERC. The bio tech holdings in the portfolio must be getting looked at but there are any number of holdings that are set to go. One substantial realisation and the share price will take off in a very big way.
pavey ark
05/2/2021
19:42
Yes, what we do need to see though is some path to narrowing the NAV.
p1nkfish
05/2/2021
18:55
The discount to NAV is 30-35% depending on whether you include the managed fund business as an asset. I do, and for me the discount is 35%. When you think of some of the crazy valuations for tech/healthcare shares at the moment that looks very good value. Even better, the NAV is derived from conservative carrying values of portfolio companies. MHC is a good example as it is traded so easy to get a current valuation. MERC hold shares currently worth 2.8 million but is in the books at 0.7 million. The difference is worth 0.5p/share and that is one of their poorer performing companies. DYOR
columbarius
02/2/2021
13:36
Divi intro = fantastic.
p1nkfish
02/2/2021
12:23
Like some here I am puzzled by this announcement ....why do it?....to get attention ?....surely that's good ? Not really puzzled by the actual content of the announcement and didn't really expect nDreams to be included. They can issue any number of updates butI don't expect things to get going here until they realise a large amount from just one of their direct share portfolio as this will immediately focus attention to the rest of their holdings....and then we're off and running. The introduction of a dividend , no matter how small, was a significant event.
pavey ark
02/2/2021
11:52
Notice the RNS from GROW today. Puts MERC in its place. IPO now sitting on a tonne of cash. Others gaining attention, slowly, all competing for $ investment.
p1nkfish
02/2/2021
11:51
red, that's a good example of what happens when the average PI is treated with disdain. A catalyst needed to gain attention and reverse the trend. I think today was just a flag wave for the s/w element. S/W eating the world, MERC snacking on a very small part of it.
p1nkfish
02/2/2021
11:17
I too am puzzled by this announcement which, as it says, tells us nothing new. There is no reference to nDreams, the most valuable of its direct holdings, nor to Abingdon Health, where MERC managed funds have a large interest. I have invested on a dozen occasions at prices between 18 and 27p and am probably a little up overall. Patience should eventually be rewarded here.
varies
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