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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 30.80 | 64,687 | 07:35:37 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 30.00 | 31.60 | 30.80 | 30.80 | 30.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 30.43M | -7.59M | - | - | 132.81M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:47:20 | O | 11,346 | 31.248 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/11/2024 | 07:00 | UK RNS | Mercia Asset Management PLC Investor Presentation |
| 24/10/2024 | 06:00 | UK RNS | Mercia Asset Management PLC Notice of Interim Results |
| 01/10/2024 | 12:57 | UK RNS | Mercia Asset Management PLC Transfer of Treasury Shares |
| 27/9/2024 | 12:08 | UK RNS | Mercia Asset Management PLC Transfer of Treasury Shares |
| 26/9/2024 | 10:13 | UK RNS | Mercia Asset Management PLC Result of AGM |
| 26/9/2024 | 06:00 | UK RNS | Mercia Asset Management PLC AGM Statement |
| 10/9/2024 | 16:23 | UK RNS | Mercia Asset Management PLC Transfer of Treasury Shares |
| 29/8/2024 | 08:54 | UK RNS | Mercia Asset Management PLC Transfer of Treasury Shares |
| 05/8/2024 | 10:36 | UK RNS | Mercia Asset Management PLC Grant of Options |
| 02/8/2024 | 10:50 | ALNC |  DIRECTOR DEALINGS: Howden Joinery finance head banks GBP1.4 million |
Mercia Asset Management (MERC) Share Charts1 Year Mercia Asset Management Chart |
|
1 Month Mercia Asset Management Chart |
Intraday Mercia Asset Management Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/10/2024 | 11:52 | Mercia Technologies PLC | 1,382 |
| 01/3/2021 | 22:09 | Mercia Technologies PLC | 61 |
| 29/1/2014 | 21:58 | The new SL500 came today | 14 |
| 24/11/2011 | 07:05 | Merchant Secs | 37 |
| 17/1/2011 | 20:21 | CHILD FLU VACCINE CONTAINS MERCURY ...ARE PARENTS STUPID? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:47:21 | 31.25 | 11,346 | 3,545.40 | O |
| 10:20:20 | 31.25 | 2,240 | 699.96 | O |
| 09:32:12 | 31.25 | 101 | 31.56 | O |
| 09:25:10 | 30.69 | 30,000 | 9,206.40 | O |
| 08:40:34 | 30.70 | 1,000 | 306.95 | O |
| Top Posts |
|---|
Posted at 21/11/2024 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 30.80p.Mercia Asset Management currently has 431,202,384 shares in issue. The market capitalisation of Mercia Asset Management is -. This morning MERC shares opened at 30.80p |
Posted at 30/9/2024 06:30 by edmonda "Positive trading, discount-to-NAV being addressed"In its AGM statement of 26 Sep 24, Mercia has confirmed that trading has been positive to date in FY25 (1 Apr 24 – 31 Mar 25), it is encouraged by current deal pipelines, and it is “optimistic for continuing profitable progress” in H2. We remind readers that Mercia is scaling rapidly, with FUM more than doubling over two years to >£1.6bn. This was boosted by record net inflows in FY24 of >£0.5bn, including a string of new mandates from British Business Bank. Mercia has also confirmed a net cash position of over £43m (30% of its market cap), a few days before the end of H1-25. With no debt, its balance sheet remains exceptionally strong. With our fair value of 51p, we maintain our position that there is potential for a significant share-price rerating. |
Posted at 05/8/2024 13:02 by columbarius Another chunk of options dished out today. Ostensibly the share buyback was for the benefit of shareholders and that’s true for a while. However, the shares bought back weren’t cancelled, they were carefully hoarded in treasury and you’ll see them come back onto the market via options. The usual smoke and mirrors. |
Posted at 31/7/2024 08:21 by robsy2 Greed aside for the moment and picking up on Cordwinders post , I saw this on the PHNX thread.Phoenix Group and Schroders to launch new private markets investment manager with £1bn initial commitment; up to £2.5bn over three years There will be a lot of money sloshing around looking for a home. MERC is changing tack to capture this and looks well placed. |
Posted at 02/7/2024 13:03 by c3479z can't agree with Equity Development's assertion that direct investment record is impressive, latest example being Impression Techsuggest it's been anything but granted, no one has been achieving big returns in small company venture capital recently though most have done a lot better than Merc. |
Posted at 02/7/2024 07:30 by edmonda Equity Development initiates coverage today on Mercia AM as they announce a strategic shift to focus on highly profitable and fast growing fund managementFull research report with audio summary here: "A deeply undervalued specialist in private markets" Mercia is one of the largest investors in ‘regional&rsqu FY24 revenue grew 18% y-o-y to £30.4m, EBITDA 7% to £5.5m, a margin of 18.2%, likely to ratchet up over the longer term as the business scales further. Indeed, the newly announced Mercia 27:100% growth strategy aims to reach £3bn AUM (FUM + proprietary capital) and £11m EBITDA in 3 years. Mercia also invests its own capital into a portfolio of ‘direct investments’ (NAV: £189m on 31 Mar 24). Its record is impressive. A strategic change is to be proposed at the 2024 AGM - to focus primarily on highly profitable and fast-growing fund management, and to stop making new direct investments (while supporting existing investments). This allows Mercia to reclassify from an investment company to a trading company under AIM rules, allowing gains made on shares to be IHT-exempt (under certain conditions). With a fundamental value 65% above the share price, we see potential for a significant rerating. |
Posted at 02/7/2024 06:37 by weatherman From prelim results - MERC will in future focus on its fast growing asset management business, and slowly unwind its directly held investments. Small decrease in NAV. |
Posted at 01/6/2024 14:15 by pavey ark My initial annoyance sprang from people coming on here saying that they have sold, trashing the share, implying that holders don't have the savvy and insight they have .....then announcing they will buy back in when the share price falls!!There is not a management team in the universe that don't have the financial interests/returns of the the management team as their number one priority....perhaps they are a bit more subtle than this lot but no different. IC 28/11/23 " Mercia is well-run and still manages to thrive in an under-performing sector. We stick to our recommendation. Buy." Now I appreciate that a number of posters may be concerned by the lack of real understand that myself and others may have so I consulted the trusty old spreadsheet (I set up a new spread sheet on 5/11/2019) I notice that I have almost exactly the same number of shares as I started with BUT I have bought six times and sold six times ...usually 15%-25% of my holding each time. (prices range from 19.5p 11/7/20 to 43.00 29/9/21 and almost everything in between....then and since). Excluding dividend my return is 18.74%.....not great but times have been tough. Dividends should put that up over 20%.....looking forward to better times....we all live in hope. |
Posted at 30/5/2024 17:36 by columbarius “Mercia will now reduce the carrying value of its investment in ITL as at 31 March 2024 to zero, resulting in a small reduction in the Group's net asset value per share of c.2 pence, compared with the net asset value per share of 45.3 pence as at 30 September 2023”So, after spending six months and £5m on a buy back to achieve a 0.4p increase in NAV, they call 2p a small reduction. I’ve come around to seeing them as self-serving and complacent. |
Posted at 30/5/2024 16:28 by nocton Asset value down 2p due to write-off of Impression Technologies. Hence fall in share price.See: |
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,combin 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? |
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