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Share Name Share Symbol Market Type Share ISIN Share Description
Mercia Technolgies 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
  -1.00p -3.28% 29.50p 29.00p 30.00p 30.50p 29.50p 30.50p 168,928 12:42:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 10.2 1.6 0.6 53.6 89.48

Mercia Technolgies Share Discussion Threads

Showing 301 to 324 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
07/12/2018
15:57
I thought I'd top up!
turbocharge
07/12/2018
15:03
IC still say cheap (c.40p NAV forecast) but wasn't a full-on tip.
spectoacc
07/12/2018
14:50
Some buying action, not sure what's prompted it
turbocharge
03/12/2018
10:43
Might as well post the results: Mercia Technologies profit grows 35% as management fees boost revenue Technology company investor Mercia Technologies booked a 35% rise in first-half profit after it collected more performance fees and cut expenses. Net profit for the six months through September grew to £1.9m, as revenue increased 8.7% to £5.3m. Net assets per share rose to 41.3p, up from 41.1p on-year. 'The commercial progress being made across the portfolio is accelerating, 'chief executive Mark Payton said. 'With Mercia's increasing scale, we are now seeing a greater number of attractive investment opportunities for our managed funds, which bodes well for the future direct investment pipeline as we seek to build a sustainable investment model.' 'We therefore remain confident in our ability to deliver strong returns for shareholders and fund investors alike over the medium term.'
turbocharge
03/12/2018
10:34
Double post
cheshire man
03/12/2018
10:34
Same here Wan and looking to the long term I'm happy to hold onto this one
cheshire man
03/12/2018
08:20
From my viewpoint, there is not much to dislike in the Results. And the potential from the portfolio of direct investments appears weighted to, at the very least, further solid progress.
wan
29/10/2018
20:06
Haven't tracked down a revenue figure yet but it does look a good one. Rev was $3m on crunchbase but can't see the date for the figure. Https://simpleweb.co.uk/from-running-a-pub-to-founding-a-startup-interview-with-warren-russell/
p1nkfish
29/10/2018
16:24
Mercia Technologies makes £2m direct investment in W2 Global Data Solutions Technology business investor Mercia Technologies said it had made a new £2.0m direct investment into identity verification service provider W2 Global Data Solutions. The investment was part of a £3.0m funding round alongside the Development Bank of Wales. Mercia said it now had a direct equity holding of 17.4% in W2 following on from initial funding rounds by Mercia's third-party managed funds. Founded in 2011 by chief executive Warren Russell, W2 had consistently achieved over 100% year-on-year revenue growth and now employed 42 people, Mercia said.
turbocharge
29/10/2018
08:24
Looks like a potentially good investment, growing 100% y-o-y apparently, but not much detail.
weatherman
22/10/2018
09:26
Agreed wan. The annoyance is the float price, with options. As soon as a company reprices options lower it screams they have reduced ambitions. If IPO WANT to mop-up MERC would be a decent target.
p1nkfish
22/10/2018
09:09
P1nk...I cannot disagree with your criticisms, but they are based a short term view. However, I too would be willing to accept a takeover if the mediocre performance continued (which arguably should narrow the significant discount), but it might only take one decent exit, or a particularly high profile fund raise in a portfolio company to change the performance and importantly sentiment.
wan
22/10/2018
08:55
One way to succeed on the stock market is to search for undervalued growth situations, and then hold until better value is realised. There may be times when you don't get it right, but overall it has worked for me over the years.
weatherman
22/10/2018
08:45
So where's the price action in Merc if the market looks forward? Shouldn't it be running ahead?
p1nkfish
22/10/2018
08:28
But the market looks forward. There are some promising cos in the portfolio such as Oxford Genetics.
weatherman
22/10/2018
07:12
There are examples where discounts last many years. Add a trip up or 2 and NAV can stagnate or even decline too. Result - dead money. Mercia have repriced options (that is a red flag) and achieved a paltry exit from Sci Warehouse given the growth mantle of Mercia, the holding period of Sci W. and the capital invested in Sci W. Results speak for themselves. Even the use of Edison suggests the results are not speaking for themselves. Would like to see further consolidation in this area and an offer for MERC might just perk it up. The management doesn't seem able to achieve that. Differentiate yes, but what about £'s on shareholders own balance sheets?
p1nkfish
22/10/2018
07:04
wan at al, that makes it even more obvious they are not monetizing their value properly on the exchange. Differentiate all they want, market value matters and they have failed on that score so far. All other talk is a distraction from what should be their primary objectives - closing gap to NAV and driving NAV higher. If they are on 0.6x NAV then no amount of differentiation is having a positive impact is it?
p1nkfish
22/10/2018
06:11
Weatherman...Indeed, Mercia is differentiated from peers - Mercia Technologies (Mercia) is a leading player in the funding and scaling of high growth companies from the UK regions, with a business model that is significantly de-risked vs peers. £400m of managed funds (Mercia Fund Managers, MFM) are used to predominately support all early-stage activity, whilst also providing meaningful revenue to offset group operating costs. As a result, the balance sheet investment is reserved for only the most promising companies or ‘Emerging Stars’ sourced from MFM. The group has a strong cash position and an experienced management, as well as a good track record, with three successful full cash exits to date. The shares trade at 0.73x NAV, not including the contribution from MFM, which we estimate at a further c 9p per share (total discount to NAV of 0.60x).
wan
21/10/2018
21:37
The fund management business may be worth £27m. Lifting the NAV to 50p - the discount is therefore closer to 0.6x.
weatherman
21/10/2018
09:31
Devaluing management options did no favours too. I do hold but that doesn't mean I have to only post the positives. There are reasons for the discount to NAV.
p1nkfish
21/10/2018
00:09
"Mercia’s stock trades at 0.73x NAV, which is considerably lower than many of its UK peers (IP Group at 0.78x, Draper Esprit at 1.68x, Syncona at 1.38x). We note that the US-focused Allied Minds trades at 0.47x NAV, having been affected by a series of portfolio business write-downs in 2017 and 2018. For Mercia, given management’s track record at successful exits, combined with a significantly lower-risk model vs its peers, we believe the sharp discount to NAV is unjustified. Catalysts for a rerating include further externally-led funding rounds and/or successful exits, as well as concrete evidence of achieving operational milestones at subsidiary level. In our view, the greatest likelihood for a revaluation or exit currently lies in nDreams and Oxford Genetics"
turbocharge
20/10/2018
03:51
Coverage initiated by Edison, who believe the sharp discount to NAV is unjustified. Catalysts for a re-rating include further externally-led funding rounds and/or successful exits, as well as concrete evidence of achieving operational milestones at subsidiary level. Full in-depth analysis - Mercia Technologies Realising value 18 October 2018 | Mercia Technologies, Investment companies, Initiation https://tinyurl.com/Mercia-Realising-Value
wan
21/9/2018
06:34
AGM statement: "We are seeing an increasing number of exciting investment opportunities for Mercia's third-party managed funds which will, in due course, lead to further balance sheet direct investment opportunities." "Our focus remains on growing the net asset value of the Group's direct investments by utilising Mercia's differentiated model to create long term value for shareholders. We look forward to updating shareholders on further positive progress throughout the year."
aishah
18/9/2018
11:16
Nice contract news flow recently. nDreams, Oxford Genetics and now Aston EyeTech
aishah
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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