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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 40.00 39.00 39.00 125,467 08:00:17
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 1101 to 1124 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
02/3/2021
13:12
The market will decide what is an appropriate discount. As the NAV has risen, despite the share price rise, we’re at the same discount as before the news that the portfolio is evergreen. I think we’ll see a re-rate. Don’t forget the published NAV is based on carrying values which are conservative as demonstrated by the Oxgene sale at twice the carrying value. I don’t believe that was a one-off and in fact they are building a good record of portfolio company exits and there is definitely more to come. You pays your money and takes your chance i.e. DYOR.
columbarius
02/3/2021
12:58
Thanks Columb-us.
weatherman
02/3/2021
12:44
What would be an appropriate discount? Given the nature of the investments, I would have thought that a 30% discount might be appropriate. I make the discount around 36% at these prices. They don't yet have an extensive history of successful exits.
mammyoko
02/3/2021
12:36
https://twitter.com/Mercia_PLC/status/1366689740678860803?s=20
turbocharge
02/3/2021
12:34
The gist is that at 27.6p the 40% discount to their sum of the parts valuation is unwarranted. Long termers know this already.
columbarius
02/3/2021
11:24
Oxford Genetics accounts are available on Companies House. This shows how rapidly they grew with turnover going from £0.5m to £6m in 4 years - sold for around £100m. One success story for Mercia. 2017 517k 2018 1015k 2019 2685k 2020 6002k
weatherman
02/3/2021
11:18
What is the gist of this upgrade from N+1 Singer? No further comment from Edison yet.
weatherman
02/3/2021
10:31
Very positive update and broker upgrade from N+1 Singer.
columbarius
02/3/2021
09:46
Mercia Asset Management PLC @Mercia_PLC ยท 11m This full cash sale of our second largest direct investment, will enable the Group to support and expand its direct investment portfolio for the foreseeable future. Https://twitter.com/i/status/1366683447364898820
cheshire man
01/3/2021
22:02
Group's full year income exceeding £23million. This elevated second half trading performance coupled with the recently announced profitable sale of Oxford Genetics Limited ("Oxgene") is, subject to audit, likely to result in the Group's full year consolidated profit and total comprehensive income exceeding £23million. Unrestricted cash at 31 March 2021 is now forecast to be c.£49million.
bb123
01/3/2021
21:18
So am I now if they stick to their knitting. We need this type of focus.
p1nkfish
01/3/2021
20:53
htTps://www.mercia.co.uk/sale-of-oxgene-delivers-strategic-objective-of-evergreening-mercias-balance-sheet/ I recommend listening to this lightning tour of the company and its ethos. I’m confident Mercia will help drive economic success for Britain’s regions.
columbarius
01/3/2021
19:56
The sale price was nearly double the value on the books of Mercia - it might suggest that the value of some other holdings is not fully reflected in the stated NAV.
weatherman
01/3/2021
19:13
Turbo "Prospects for long term holders looking good!" I hope so, the placing was at 46p. I do hope that they get back to that level before 2121.
redartbmud
01/3/2021
17:38
i would of thought that these would have moved a lot higher on this news i see invesco are still showing as holders in the old woodford fund and wonder whether there is selling pressure holding back the price
bisiboy
01/3/2021
16:50
Good news. Patience is being rewarded and there should be more to come. The business is progressing well and seems ahead of valuation which is unusual nowadays.
robsy2
01/3/2021
16:35
30p+ soon?
p1nkfish
01/3/2021
16:35
Excellent sale and TU. Well done I can now forget Sci Warehouse!
p1nkfish
01/3/2021
16:17
Prospects for long term holders looking good!
turbocharge
01/3/2021
16:15
This screams 'buy' to me. You can buy (at present) at 27.24p. I've taken a nibble.
morkandmindy
01/3/2021
16:13
NAV of investments goes to ~37-38p - the other part is valued at ~5p. Total value of ~43p against 27.5p now. There has been no covid revaluation of this stock despite a number of investments in the biotech sector - such as Oxgene.
weatherman
01/3/2021
16:10
"Group's full year adjusted operating profit* is expected to be materially ahead of current consensus forecasts". :-)
cheshire man
01/3/2021
16:08
I'm afraid I've always been a bit ahead of the market here and this just puts me in profit. £16m valuation now £30m so simple arithmetic puts that at a 3p rise ....but.... the £16m was never in the price to start with !!! So the direct investment portfolio that was always undervalued and has always been the big attraction for me has now gone from undervalued to ridiculously undervalued. There should now be a serious increase in dividend.
pavey ark
01/3/2021
16:02
Good price for Oxgene - profitable sale that boosts cash reserves and NAV.
weatherman
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