Mercia Asset Management Share Discussion Threads

[onjohn] 09/12/2019 14:25

10p coming

[weatherman] 09/12/2019 14:23

A bit of an emotional response from ST, although I am not happy with the apparently unnecessary deep discount I am holding on for now. What he hasn't factored in is the increase in value of the investment bit from increased fees, which overall more closely balances the diluted NAV in the portfolio (42p down to 36p) - overall previously stated at between 48 and 51p.

Edison suggests the new value of the investment arm will be 12.2p up from 10.6p, plus the 36p NAV, gives a NAV of 48-49p - nearly double where we are at present. And expected to become self financing for new capital investments.

hxxps://www.edisongroup.com/publication/huge-stride-towards-an-evergreen-model/25738

[joeyredeye1] 09/12/2019 13:56

Am glad I got out the day after the ridiculous fund raise and in advance of the ST articletoday. I made 4p a share so all ends well for me. ST has it spot on though, the share price deserves a kicking for excluding PIs and the privately motivated bewildering 40% discount. From what I hear, the meeting ignored serious questions from PIs too. Disrespectful and disreputable bunch altogether imho. Good riddance...

[davebowler] 09/12/2019 13:42

Simon Thompson, annoyed at the discounted fundraising says this today :In fact, I feel so strongly about this that I am exiting the holding altogether at the current bid price of 27.5p.

[alangrifbang] 09/12/2019 13:18

And where is the moron chimers!,

[p1nkfish] 09/12/2019 13:15

It has never been run as a vehicle for pi's. This can be seen by their recent actions.

Will they reprice options again?

[p1nkfish] 09/12/2019 13:08

No surprise if 25p is a ceiling for a while, not a floor.

They've still had zero very decent exits. Sci Wsrehouse was poor.

Big need to up their game.

[nico115] 09/12/2019 12:54

Oh dear chimers !!

[johndoe23] 09/12/2019 12:08

ST sell recommendation. Cue stampede for exit...

[redartbmud] 04/12/2019 09:09

Accompanied by a pink elephant as a travelling companion:-)

[redartbmud] 03/12/2019 23:05

The directors should be put in prison for their actions in mis_managing this company for their own benefit

[nico115] 03/12/2019 21:12

"And remember...you get the results, then analysts meetings and comment, and then the follow up ST article in the IC.I would be buying these but each to their own."From chimers at 32pBe very wary He's a pumper and dumperAnd clueless!!

[nico115] 03/12/2019 19:36

32p was the cheapest and now one could buy at 25pThat is a big stonking loss You are the laughing stock on the Boku thread and one not to be trusted

[chimers] 03/12/2019 19:31

I told you to buy it at 31p and it is down just 13% today.
Try using FACTS.

[nico115] 03/12/2019 19:25

You told me to buy this at 32pNow 25p placing Wow 30pct loss in a week Chimers you are clueless Worse investor I know No wonder you have no money left !!

[nico115] 03/12/2019 17:09

Agreed results were flat Oh dear chimers not a great recommendation!!

[chimers] 03/12/2019 16:17

Seriously though....Caroline Plumb OBE...I remember her from an episode of Midsomer...
or was it Jeeves and Wooster ?

"Lady Caroline Plumb" to see you M'Lord

[robsy2] 03/12/2019 16:02

I heard it. They didn't answer my question either which was to ask whether they would now pay divis given that the vct's they acquired all did.
The points I noted were that;
The deal and the placing means MERC will now be trading on a profitable basis.
The regions offer 1billion a year of potential deals and there is less competition.
The NVM biz acquired for 6.25 EBITDA.
No new overheads except the 9 new staff.
Net income this year 2.6m , expected to be 4m by FY22.
People and the funds acquired are high quality.
MERC will be self financing, " evergreen" is the term they use,by 2022, so no more placings or fundraisings because they now have 250m of free cash.
This deal really accelerates their development.They are well ahead of schedule.
They are confident and have a very scaleable model.They mention scaleable a lot.
Of the 1 billion a year of deals,they did 75m. They expect this to increase substantially because MERC + NVM makes them #1 in their segment of the market.

----------------------------------------------------------------------------------
All sounds good to me.

[p1nkfish] 03/12/2019 15:57

Agree with Chimera and analysts spend too much time studying where the sun don't shine.

Throw some fees around and surprising how compliant recipients can be.

Waiting for repricing, or new issue, of options.

They've done it once.