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MERC Mercia Asset Management Plc

0.80 (2.79%)
01 Dec 2023 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.80 2.79% 29.50 646,418 13:35:16
Bid Price Offer Price High Price Low Price Open Price
29.00 30.00 29.50 28.70 28.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 25.88M 2.84M - -
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:18 O 15,000 29.50 GBX

Mercia Asset Management (MERC) Latest News

Mercia Asset Management (MERC) Discussions and Chat

Mercia Asset Management Forums and Chat

Date Time Title Posts
30/11/202308:33Mercia Technologies PLC1,292
01/3/202122:09Mercia Technologies PLC61
29/1/201421:58The new SL500 came today14
24/11/201107:05Merchant Secs37

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Mercia Asset Management (MERC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-01 17:07:1829.5015,0004,425.00O
2023-12-01 16:57:3229.50100,00029,500.00O
2023-12-01 16:15:0030.0020,0006,000.00O
2023-12-01 16:00:5129.7810,0002,978.00O
2023-12-01 15:02:5129.7113,4613,999.75O

Mercia Asset Management (MERC) Top Chat Posts

Top Posts
Posted at 01/12/2023 08:20 by Mercia Asset Management Daily Update
Mercia Asset Management Plc is listed in the Finance Services sector of the London Stock Exchange with ticker MERC. The last closing price for Mercia Asset Management was 28.70p.
Mercia Asset Management currently has 446,679,523 shares in issue. The market capitalisation of Mercia Asset Management is -.
This morning MERC shares opened at 28.70p
Posted at 29/11/2023 09:30 by robsy2
I have mixed feelings, I can see exactly what Red is saying. MERC directors take bonuses when they do deals over and above salary , pensions , free shares etc . Not good. Is there enough on the table for the rest of us? Probably,so on balance I'll stay invested.
Posted at 28/11/2023 11:25 by columbarius
Miniscule reward? That’s a matter of opinion and conviction. I bought a second home in France last year thanks largely to profit from MERC and the share price is a gift again.
Posted at 28/11/2023 08:19 by kasspass
Dividends... Cash in the bank....and now share buyback...let s you wonder what else can get the share price moving.
Posted at 22/11/2023 17:39 by robsy2
Extending to 2035 provides certainty in the VCT and EIS market so is good for MERC.

VCT and EIS sunset clause extended to 2035
Darius McQuaid
22 November 2023

Chancellor Jeremy Hunt has extended the Venture Capital Trust (VCT) and Enterprise Investment Scheme (EIS) sunset clause to 2035 during the Autumn Statement today (22 November).

The Association of Investment Companies (AIC) chief executive Richard Stone described it as “excellent news”.

“This addresses an urgent issue as the sunset clause would have automatically ended VCT tax relief in April 2025.

“The extension to 2035 will help provide certainty to investors and businesses and enable VCTs to continue supporting UK growth companies.”

Triple Point head of retail sales Jack Rose added: “We warmly welcome the UK government’s decision to extend the VCT and EIS sunset clause, announced within the Autumn Statement today.

“This extension is a testament to the government’s commitment to nurturing the growth of young, fast-growing SMEs, which serve as the backbone of the UK economy.

“The tax incentives embedded in VCT and EIS have proven to be magnets for investors, attracting over £1bn in VCT investment for the second consecutive year, in the 2022/23 tax year.

“Simultaneously, EIS saw an impressive investment of over £2.5bn by UK taxpayers during the same period.

“These figures underscore the vital role these pieces of legislation play in providing crucial resources to young companies and the investors who believe in their potential.”

St. James’s Place (SJP) head of tax advantaged investments Luke Barnett also welcomed the news.

He said: “Not only is the announcement a recognition by government of the benefits which these schemes can bring, but it will also provide much needed certainty to investors.

“With this news, it will help to reinforce the attractiveness of the UK market for startups, and founders can continue to build new and exciting businesses with confidence.”
Posted at 20/11/2023 13:26 by columbarius
A boost today for Mercia company musicMagpie. Possible takeover.
"The Board of musicMagpie notes the recent speculation and confirms it is in early-stage discussions with both BT Group plc and Aurelius Group (together "the Parties") as to a possible offer to acquire the entire issued and to be issued share capital of musicMagpie."
Posted at 20/11/2023 09:55 by robsy2
Glad I topped up now , though I am still well under water here.
conclusion form Cannacord thsi morning;

Valuation and recommendation We shall review our forecasts and valuation more fully at the time of the interims (28 November 2023) but note the resilience of Mercia's FUM, relative to other asset managers experiencing outflows currently. We also note that Mercia is trading at a c.52% discount to NAV. Importantly, it has only ever been at this level of discount once before, in March 2020. This was no doubt in anticipation of the fair value write-downs referenced above for that year. Subsequently, the shares gained 170% over the following 20 months. Given that we do not expect to see a repeat of those fair value write-downs, and that the business is arguably in better shape than it ever has been, due to: i) its proven ability to deliver strong realised gains; ii) better quality of earnings, due to a rapidly growing and profitable asset management business; and iii) a lot of dry powder to support existing investments, we retain our conviction BUY on the stock. In addition, the dividend yield is just over 4%. Our target price of 61p implies 177% upside.
Posted at 21/9/2023 08:35 by riverman77
Virtually no detail and not the first time they've put out such a vague statement. You'd think they'd want to add a bit of detail to try and put some life into the share price.
Posted at 13/7/2023 10:06 by robsy2
I have added a few more this morning. I blow hot and cold with MERC but still see it as a broadly bullish story especially at this low level.
What do we know?
MERC is profitable , pays a 3.3% dividend and has a lot of irons in the fire. The share price has been lousy but the business is performing pretty well . The hybrid model of Balance Sheet investment, cherry picking opportunities,combined with the blended returns of 2% on the 1.2b of AUM looks compelling.
They are delivering and see a lot of opportunity to deliver more.
They have added extra funds and capacity at good prices.They seem to be good at what they do, the VCT's perform well and continue to gather more and more capital. The network of regional offices and 140 staff means they are good at deal origination.
They see the business as being quite scaleable which is good news . The British Business Bank (BBB) is a useful partner, in fact MERC manages around 25% of all the money they invest and they are adding more.
One thing I asked them at the last presentation meeting was about how they feel they might benefit from some of the potential changes designed to get more investment money flowing towards small caps , venture capital etc especially from pension funds, the so called Mansion House reforms- they didn't really address the question, however these reforms are in the making and coming soon. My feeling is that MERC might be well placed to get their hands on more of the fund flows into Venture capital and in time this could be quite significant.Pension funds don't have any expertise in this area of investment and MERC do, so why not award them some mandates?
Posted at 10/3/2023 13:41 by reabank
Some interesting comments. I'm invested in Mercia, but always find it an "on the other hand" investment. The good news is that unlike most private equity funds the fund manager isn't external. Therefore whilst other funds get slapped with an investment management charge, Mercia gets an income from managing other funds and makes a profit on investment management. I'm not convinced that is reflected in the share price. On the other hand there's an issue around how management is valuing investments. I accept where Mercia sells out it's generally at a premium to the previous accounts valuation but what about investments that don't work out? There must be a temptation to let these run rather than face up to losses. That's an issue for all private equity funds. Best way to handle it is a steady stream of disposals and management generally acting in an appropriate fashion to give investors confidence in their valuations. I guess Oakley have made a better job of that than Mercia over the last 12 months.
Posted at 10/3/2023 11:46 by pavey ark
Well I appreciate the recent posts as they did encourage me to have a look (again) at the recent figures and news from MERC.

The company figures show that things are certainly going in the correct direction.

I expect the dividend to increase yet again so should be over 1p.

The cash balance is close to 50% of the market cap and the discount to (very real) NAV is probably over 40%.

As MERC usually sell their holding at above their listed value this discount could be even greater.

Once again private investors fail to grasp that management have little control over the share price.....but the market and the market makers do call the shots.

This management are probably simply average in their desire to make as much from the company as they can but they do seem to be good at running MERC which is better than the greedy AND incompetent management teams that can be found.

MERC is profitable , cash rich and has the means to increase the value of their investments significantly.

They certainly get more right than they get wrong ....if this is not reflected in the share price buy more or sell your holding ....thems the rules !!
Mercia Asset Management share price data is direct from the London Stock Exchange

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