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 0.0% 19.00 308,709 09:10:05
Bid Price Offer Price High Price Low Price Open Price
18.50 19.50 19.00 18.75 19.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 10.68 2.57 0.86 22.1 84
Last Trade Time Trade Type Trade Size Trade Price Currency
12:47:21 O 8,273 19.39 GBX

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Date Time Title Posts
10/8/202009:43Mercia Technologies PLC759
01/8/201908:15Mercia Technologies PLC59
29/1/201421:58The new SL500 came today14
24/11/201107:05Merchant Secs37

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Mercia Asset Management Daily Update: Mercia Asset Management Plc is listed in the General Financial sector of the London Stock Exchange with ticker MERC. The last closing price for Mercia Asset Management was 19p.
Mercia Asset Management Plc has a 4 week average price of 18.38p and a 12 week average price of 18.38p.
The 1 year high share price is 33.50p while the 1 year low share price is currently 13.50p.
There are currently 440,109,707 shares in issue and the average daily traded volume is 374,017 shares. The market capitalisation of Mercia Asset Management Plc is £83,620,844.33.
sev22: Trading View's technical analysis based on the moving averages has thrown up a 'Strong Buy' this morning. The share price could break out at around 23.0p if results are well received by the market and private investors tomorrow.
kasspass: No matter the potential or the good news fact is the share price hardly moves. Maybe management s priorities run opposite shareholders interests.
wan: Recently Mercia supported and took part in a placing for Concepta at 0.08p. Concepta are indirectly connected with recent Coronavirus developments at Abingdon Health. I note that there has since been a spike in volumes and an increase in Concepta's share price, and yesterday the shares jumped over 30% on strong volume and no news!
gwr7: I bought some today. I used a fill or kill order. I'm with wan on this one. Omega Diagnostics is part of the government supported consortium that is developing Point of Care antibody tests to help show the extent of immunity to SARS-CoV-2 in the population. These tests could offer some redemption for a government that took the wrong approach early on and has been scrambling to catch up ever since. The University of Oxford has identified the best allergen to use in the POC test. The partners, including Omega Diagnostics and BBI solutions, will develop and distribute the tests, assuming they are sufficiently accurate. Oxford have been leading on testing the failed antibody kits. There has been a lot of press about the Chinese tests. The government seems to have been held to ransom over these. They agreed to pay up front between £3m and £17m for millions of tests (depending on what you read) that simply don't work. They are no doubt making a claim through paypal. Best of British with that, but it shows how desperate they are for the tests. If they get approval for the POC test, the market could be millions for the UK and possibly billions worldwide as many countries need tests in order to determine who has antibodies, and a bit further down the line, immunity to the SARS-CoV-2 virus. I believe we'll get the working POC test. I've been invested in Omega for four years and I know they have the best experience in the game having developed the world's only semi-quantitive POC test for antibodies on a specific type of T cell in HIV patients. The test estimates a concentration of those T cells in the blood. The covid test is easier in the sense that the first iteration gives a simple yes/no answer to presence of antibodies but the difficulty is achieving the accuracy to keep false positives and negatives to an absolute minimum which is essential for the intended use. The test has to be at least 98% accurate, the higher the better so the top companies in their fields are working on it. I mentioned BBI solutions earlier and they have partnered with the Native Antigen Company based in Oxford. They will be producing antigens for the tests. You can see that if the POC test gets approval that is a big deal for NAC. On a separate though related issue, here is an interesting link hTTps:// Omega also has a distribution network in China. Maybe we can show China how to do it! Ideally I would hold shares in NAC but direct ownership is not possible for me. The good news is I know a company that does. Mercia Asset Management have 32.7% Obviously it would be daft to buy in just because of this but they have other promising companies within and without the covid space. I like the way they pick them. Most of the admin costs are covered by the profitable asset management business and they are a lead investment manager for the government’s northern powerhouse initiative. I believe the drive to support quality businesses oop north has legs. Add to that the share price was beaten down by forced sales from Woodford and Invesco funds, and is at a big discount to NAV limiting downside. It looks like a good investment to me. It is definitely long term so it is not going to multi-bag in weeks like other shooting stars of the minute but I believe it will do in time. One of the reasons Woodford failed was that Hargreaves Lansdown were using their promotional fund rankings to funnell investors into his funds who weren’t suited to them. Woodford was the goose that laid the golden egg but that was with high quality income companies. HL turned a blind eye to the investments making up his funds after he set up on his own, and also their open-ended nature. When PIs wanted to withdraw money en masse there wasn’t the liquidity in the smaller companies Woodford had invested in. Redemptions couldn’t be covered without disastrous forced sales. I think Mercia was a good pick by him. Obviously the Mercia share price performance has been poor since launch and that has upset investors. Also they shunned PIs in a discounted placing last year at 25p which forced an apology in the FT so hopefully they learnt from that. Mercia’s investments in companies take time to realise their true value and they need some high profile company sales or IPOs to cement their reputation. I think they’ll achieve them. As ever DYOR.
sev22: A new Investment Company has appeared on the share register taking a 5% stake. 'An investment management partnership, Ruffer was founded in 1994. Today, over 300 people work at the firm, and we have offices in London, Edinburgh, Paris, Hong Kong and Guernsey. As at 31 January 2020 we have £19.5 billion in assets under management. Ruffer is a partnership, and this structure aligns our interests with those of our clients. Our senior staff share in the long–term profitability of the firm, so they are interested in investment returns and client relationships that are sustainable over the long haul.' They obviously recognise the value on offer here. I never thought I would see the share price under 20p. According to the house broker Mercia's post-placing NAV is approx 49p, so the shares are less than half price!
sev22: Trade 10 was a purchase by me, showing as a sell. Mercia's shares are heavily oversold and I can see material share price upside from here, despite market conditions. Initial price target 30p.
redartbmud: Payton good at talking the talk, and getting free shares. The share price has been nothing short of a car crash, when are we going to see a positive sustained upward valuation in the share price? Simple question.
wan: Brad_K...Mercia has 303m shares in issue (not sure where the other 2-3m came from) - Mercia Technologies PLC Placing of new Ordinary Shares to raise c.£40.0m 31/01/2017 hTTps:// 16 February 2017 Mercia Technologies PLC Result of General Meeting & Completion of Placing Following Admission, the Company will have 300,602,232 Ordinary shares in issue. hTTps:// I seem to recall the CEO saying that going forward Mercia's model would be sustainable i.e. future funding requirements would be provided by a combination of revenues from funds under management and importantly exits.
wan: The Woodford AIM shares patient investors should monitor by Andrew Hore from interactive investor | 25th October 2019 Mercia Asset Management (LSE:MERC) has undoubtedly been hit by the overhang. There was a small stake in the investment company, but this appears to have been sold because the remaining 19.99% has all been transferred to Link. The specialist asset manager had a NAV of 41.6p a share at the end of March 2019, whereas the share price has continued to decline and has reached 24.3p. That includes unrestricted cash of £29.8 million – more than one-fifth of NAV. Admittedly, Mercia has a predominantly unquoted portfolio so, just like the Woodford portfolio, the valuation of unquoted companies in the Mercia portfolio could be questioned. Even so, Mercia has a good track record and a 42% discount to NAV is too harsh. Revenues cover nearly 90% of admin expenses. Full article - hTTps://
brad_k: wan, in your post 263 you seem to have muddled your figures. The 30m Mercia shares equates to 10% of (Mercia) share in issue, as you state, but 50%(approx) of the WIM holding. I think what we are both driving at is that as things stand MERC has a nasty share overhang which could depress the share price for months, some action by the BOD along the lines suggested above would firstly help to reduce that overhang but as you suggest it should also encourage other parties to consider taking a slug of the WIM shares themselves, they would no doubt be getting the shares at a very considerable discount to the new NAV.
Mercia Asset Management share price data is direct from the London Stock Exchange
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