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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 86,832 07:49:24
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 1201 to 1225 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
14/7/2021
08:10
Big sale yesterday. An institution surely?I gave management benefit of doubt with private placing a year or so back but now I understand the recent share award is at 30p and target of 20% is already met I've sold out. Not impressed at all.
beangrinder
13/7/2021
09:35
Haven't looked at the details of the management rewards, but looking at the shareholder register it is mainly held by institutions (Invesco, Ruffer, etc) , and management don't seem to have a majority stake - this surely will put a limit on how much management can extract in terms of share options as institutions won't stand for it, or perhaps I'm being naive. It's not like the set up at Tetragon, which is on a permanent 50% discount (despite strong performance) because management have majority control and can extract unlimited fees.
riverman77
13/7/2021
09:07
No, they’ve backdated the start to 1st April 2021 when the share price was around 30p.
columbarius
13/7/2021
08:17
Surely the point is that the starting measure for the options is 38.5p. Unless they increase share price from here there will be no reward?
beangrinder
13/7/2021
07:48
Yes, management appear greedy. Yes, the company is performing very well. Wasn't it ever thus in the corporate world? From Geoff Bezos to Mike Ashley? I certainly prefer this situation to a management team who are not greedy running a business that is not performing well. On top of that, I maintain, that by any yardstick you care to use, the shares are modestly priced
undervaluedassets
12/7/2021
14:15
Work out some convenient (to you) stop level calculation and move it as seems appropriate. What else is there to do unless you exit and put capital to work elsewhere? Its taken a while but now I try solely to focus on my own goal. A great deal of management is dodgy, self-centred, dismissive to PIs and some downright socopathic.
p1nkfish
12/7/2021
13:21
Not one to get my knickers in a twist over directors pay but these guys have just awarded themselves 8m free shares and with any sort of following wind these could be worth over £4m in three years . They are well paid and there are other options .....let's go forward with our eyes open here. The fund raising at 25p didn't bother me and I thought Simon Thompson had over reacted but it now looks like these guys are firmly focused on feathering their own nest.......not a problem if we are dragged along. Most of us will realise that this is par for the course for most management teams but this is a clear indication of how things stand. If PIs are royally shafted here then don't say you weren't given clear indication as to how things were going. I still hold a fair number here and will continue to hold but will now pay much more attention.
pavey ark
12/7/2021
13:01
The easy options have appeared after a bumper year due primarily to the sale of Oxgene. That was the stable star for me and I don’t see another Oxgene in their portfolio. PER is therefore an unreliable measure imo.
gwr7
12/7/2021
12:57
Set a stop loss and see what happens. I see upside. Management could dance naked in the office, I couldn't care less, so long as the price goes up. I think it will over 3 years at a rate somewhat above inflation and other more concentrated assets. Whilst paying a small dividend. It also has Gov wanting the regions to "level-up" with the soft metropolitan south.
p1nkfish
12/7/2021
12:39
The shares will rise. I discount a pullback (I would be a buyer). But whether by net asset value or PER these are cheap. The market will find these and once it has put its slide-rule across the numbers we see advancement
undervaluedassets
12/7/2021
09:09
I have previously said that these guys are out to make as much money as possible.....not that I was condemning that....merely facing the fact. However these options do seem rather generous and the "hurdles" not high enough to suggest serious incentive. I am rather shocked to see the starting date is April 1st with a closing price of 30p. April fool ?? I can't be reading this correctly ??? If the share price doesn't rise in the next three years they get 8 million free shares !!??
pavey ark
12/7/2021
08:55
Negs just gotta be neg. Move on. Support the regions.
p1nkfish
12/7/2021
08:22
Only 2% of the issued share capital
mammyoko
12/7/2021
08:20
Or pay them more salary. Take your pick.
p1nkfish
12/7/2021
07:59
cordwainer Yup, they effectively get free shares, and gazillions of them to boot! Dilutes existing shareholders.
redartbmud
12/7/2021
07:05
not especially big (total shareholder return) hurdles for the management share rewards: 10 to 20% total return over 3 years.
cordwainer
10/7/2021
13:38
Does he position himself or family/friends in advance of recommendation? I'm finding myself deliberately avoiding magazines and websites and other peoples recommendations and doing my own work. Monitoring successful funds has been source of some decent ideas but otherwise I don't trust folk.
p1nkfish
10/7/2021
13:02
I wonder whether ST is too embarrassed to recommend them again? I was also not happy after discounted fund raising, but not always best to sell after a fall - you can instead average down and wait for the recovery. NAV is now close to where it was 3 years ago. I find a lot of STs recommendations have also already risen prior to his write up.
weatherman
10/7/2021
10:52
Not a fan of Stockopaedia either. Good for sheep. ST probably has embargoed Merc. He had a valid point but the ability to change opinion on prospect of changing outcome differentiates. The average 3 Yr plan average return is to help smooth out lumpiness.
p1nkfish
10/7/2021
10:07
The problem with Stockopedia is that the price doubles before the rankings catch up. I stopped my subscription for that reason and use free screens to pick winners ahead of the crowd. No mention of results in the Investor’s Chronicle. Are they boycotting the company after Simon Thompson’s hissy fit?
columbarius
10/7/2021
09:52
FWIW the stock rank on Stockopedia shot up recently and is now 92 (momentum 97)- usually a pretty good sign
riverman77
10/7/2021
09:33
MERCs eps is going to be lumpy in coming years, but it is possible that it continues to generate good outcomes from its portfolio over the next few years. This is the question whether a PE of under 5 is excellent value or not, but I am becoming more confident. At least the downside looks protected with a discount to NAV, the upside is looking brighter.
weatherman
09/7/2021
14:01
I have heard the story this week for the first time.Have to do some further work on the numbers but I am extremely impressed at how the management came across. They have delivered on their 3 year plan of growth (AUM from £0.5billion to £1 billion) and they have cleared the debt. They are confident of achieving on the next phase: growing AUM by 20% p.a. over 3 years and also producing on average £20m pa of PBT. On a first look I really like the company.
gawain boilyer heid
09/7/2021
12:14
undervaluedassets I too am a believer in MERC but I do not regard the earnings achieved in 2020 as a reliable base for future years and feel that the PER of 4.9 is not in these circumstances a useful tool for assessing the company's worth. I believe that the NAV is more relevant and that the directors' figure of 40p is very conservative indeed. These earnings included gains made on disposals that may well recur in 2021 and 2022 but are not to my mind of an income nature. The dividends declared are very welcome but the amount (0.4p p.a.) suggests to me that the underlying recurrent profits of MERC are nearer 1p than 5p.
varies
09/7/2021
08:26
Made strong showing yesterday on a big down day for the rest of the market. This relative strength is encouraging. The market likes what it sees here. And why not. Results showed growth in all areas and the shares reside on a very modest PE ratio of 4.9. A strong candidate to re-rate to a more appropriate PE of between 10-20.
undervaluedassets
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