We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| River And Mercantile Group Plc | RIV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 49.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 49.40 |
| Top Posts |
|---|
Posted at 15/6/2022 19:30 by topvest I sold my RIV shares, so will get the B dividend but not the Assetco shares. I haven't got the timetable in front of me, but the scheme only completed today and so the Assetco shares won't be credited to CREST accounts for a few days yet. The B share dividend hasn't been received yet either and I think that was a 14 day wait. |
Posted at 15/6/2022 12:10 by topvest Acquisition completed then. I have poste some comments on the Assetco results on that thread. I think its fair to say that I wasn't impressed. I bet Premier Miton are relieved that they pulled out of the bidding for the RIV equity business now as it would have been a disaster for them if they had paid cash for the business. For ASTCO its just expensive paper for a now small asset manager with £2.7bn AUM. |
Posted at 14/6/2022 14:58 by topvest ASTO are difficult to value in my view, which is why I sold out of my residual RIV holding. Its a real rag-bag of a business. Its not going to be profitable straight away. I think its probably worth a minimum of c£60m cash + maybe another £50m. Its probably worth more than this, but markets are going the be dreadful for the rest of 2022 most likely. |
Posted at 06/6/2022 14:06 by topvest I've exited RIV today. Although Assetco will have c£60m of cash on day 1 and with a market cap of c£140m or so, its ending up a bit of a messy group with a downsized RIV business with about £3bn AUM, central costs x 2, Two very small managers (Rize ETF and Saracen) and a 30% holding in Parmenion. The price is also getting hammered with those thinking the same and presumably not wanting Assetco shares. I can't see Assetco being profitable for a while, and conditions have certainly materially deteriorated in the last 6m, so there are far better opportunities elsewhere in the asset management sector. I also think there is risk of further defections from RIV once the deal has gone through. Overall, not convinced.RIV has netted me a 35% profit after the B shares in c5 years, before dividends. Not a bad return as the dividends were good. Overall, I am still a bit disappointed with the outcome though. I had hoped for more from RIV as it was a really good company. In my view, Martin Gilbert has not really created that much value. OK, the Schroders sale was good, but it destroyed value in the asset manager and US business. Martin Gilbert looks a bit all over the place on strategy. Hopefully, Christopher Mills will keep him heading in the right direction. All looks a bit S4 Capital like! Oh well, a profit is a profit. I will continue to follow Harwood through holding the investment vehicles of Christopher Mills; I may buy directly into Assetco when it can be valued more clearly, but think I will pass for now. |
Posted at 31/5/2022 10:43 by topvest Its quite an unusual situation.Today you can sell Assetco at 948p and buy RIV at 61.8p. Let's sell 100 Assetco at 948p = £948. And reinvest the £948 in RIV at 61.8p gives 1,533 shares. Each 1,533 shares gets converted into 0.07392 Assetco gives 113 Assetco shares. So, still a slight turn to be made, but now equalising. |
Posted at 30/5/2022 19:13 by topvest RIV up 5% and Assetco down 17%. Very high volumes traded in both today. It looks like some Assetco holders have decided to sell their Assetco shares and buy RIV. There could be more of this when the B shares come into effect. |
Posted at 25/1/2022 13:45 by speedsgh Recommended all share acquisition by AssetCo subject to:~ completion of the Solutions Sale ~ the return of £190m by RIV to RIV shareholders by way of Return of Capital The acquisition comprises 0.07392 New AssetCo shares for each RIV share and, based on AssetCo's closing price of 1550p on 24/1/2022, values each RIV share at 114.6p. Taken together the acquisition and the Return of Capital value each RIV share at 334.9p. The Scheme is expected to become effective during Q2 2022. Share price reaction suggests that the market seems underwhelmed... RECOMMENDED ALL-SHARE ACQUISITION - |
Posted at 18/1/2022 08:09 by speedsgh PUSU deadline extended again to 5.00 p.m. GMT on 25 January 2022...Extension of PUSU Deadline - Statement regarding River and Mercantile Group PLC - "We welcome the Board of River and Mercantile Group's decision to extend the offer period. Discussions have progressed over the festive period and into January. The extended period will allow us to finalise a potential offer to acquire River and Mercantile (excluding its Solutions business) for the benefit of both AssetCo and River and Mercantile shareholders. "Over the last few weeks, we have met with additional members of the River and Mercantile team which has confirmed our view of the great potential it has as an active equity and infrastructure investment manager. River and Mercantile has the people, expertise and product offering to be a core part of AssetCo as we build an agile 21st century asset and wealth management business that meets the needs of investors." |
Posted at 23/11/2021 08:45 by speedsgh Here is the Premier Miton Group rns proposing an all-share offer subject to both the completion of the Solutions business disposal and return of net cash proceeds to R&M shareholders.Premier Miton Group plc ("Premier Miton") notes the recent media speculation in relation to River and Mercantile Group PLC ("River and Mercantile") and confirms that it has approached the Board of River and Mercantile to explore potentially acquiring the entire issued and to be issued share capital of River and Mercantile (the "Proposal") through the issue of shares. Any combination with River and Mercantile would be conditional on, inter alia, the successful completion of the proposed sale of its Solutions business to Schroders and the subsequent distribution of the net cash proceeds to River and Mercantile's shareholders. Premier Miton is an established, well-capitalised and profitable fund management operation, with a strong balance sheet and attractive dividend policy. Premier Miton believes the scale and synergy benefits arising from a combination with River and Mercantile would drive value accretion for both sets of shareholders. Premier Miton's management team is experienced in assessing and executing strategic opportunities and has recent and relevant integration experience following its own successful merger of Premier Asset Management Group and Miton Group in 2019. Premier Miton has been assessing the merits of a combination with River and Mercantile for a period of time and believes the scale and cultural alignment between the respective businesses would deliver a balanced and resilient business across a diversified product offering, enabling employees of the combined businesses to maximise their potential. This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any transaction will ultimately be forthcoming. Premier Miton looks forward to continuing its positive engagement with the River and Mercantile Board. |
Posted at 05/11/2021 08:57 by speedsgh Final Results - Financial Highlights · Fee earning AUM1 increased by 8% to £47.6 billion (2020: £44.2 billion) representing the seventh consecutive year of AUM growth; · Underlying revenue2 down 2% to £67.9 million (2020: £69.4 million) · Performance fees increased to £6.4 million (2020: £1.2 million); · Statutory profit before tax increased 31% to £10.9 million (2020: £8.3 million); · Adjusted underlying profit before tax3 down 3% to £12.2 million (2020: £12.6 million); · Adjusted profit before tax4 increased 14% to £15.0 million (2020: £13.2 million); · Adjusted basic EPS5 and statutory basic EPS increased to 13.96 pence (2020: 11.79 pence) and 9.79 pence (2020: 6.39 pence) per share respectively; and · Total dividend for the year of 11.69 pence per share up 23%. On the proposed sale of Solutions to Schroders... · The Board will enter into a consultation with Shareholders on the use of the proceeds. It intends to return the majority of proceeds to Shareholders while retaining sufficient funds both to ensure that its existing business remains well capitalised and to facilitate its plans for the development of the asset management business; · The Board plans to develop the ongoing asset management business to create and offer a broader range of high quality and value-added equity products, and in-demand alternatives and private market products, building on the Group's existing offering. It will initially focus this expanded offering through its existing distribution channels in UK wholesale and institutional markets, however it also intends to extend distribution to expand its addressable market; · The Board will develop its detailed post-sale strategic plan over the coming months and will update shareholders on this plan as part of a full strategy, capital allocation and dividend policy update in the Spring of 2022. 2nd interim & final dividend payment details... On 15 April 2021 an interim dividend of 3.89 pence was paid. The Directors have declared a second interim dividend of 4.48 pence per share to be paid on 10 December to shareholders on the register as at 19 November. The ex-dividend date will be 18 November 2021. The Directors are proposing to shareholders a final dividend of 3.32 pence per share which will take total dividends per share paid, declared and proposed for the year ended 30 June 2021 to 11.69 pence per share representing 80 per cent. of adjusted underlying profit after tax and 100 per cent. of performance fee profit after tax. The final dividend will be paid on 31 December 2021 to shareholders on the register as at 10 December 2021. The ex-dividend date will be 9 December 2021. More on future dividend... We recognise the importance of dividends to our shareholders. against the background of the sale of RAMIL and in order to provide Shareholders with some certainty for the year ending 30 June 2022, the Board confirms that it intends to pay at least the same cash ordinary dividend per share as for the year ended 30 June 2021. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
