We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | 49.40 |
| Top Posts |
|---|
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 09:35 by speedsgh Here is the AssetCo rns...The Board of AssetCo plc ("AssetCo" or the "Company") notes the announcement by RMG regarding a possible offer from AssetCo and confirms that it has submitted an indicative non-binding securities exchange proposal for the entire issued and to be issued share capital of RMG that is not already owned by AssetCo to the Board of RMG (the "Possible Offer"). The Possible Offer is made for the remaining RMG asset management business ("RMG Asset Management") post the sale of RMG's Solutions business, and any offer made would be conditional on the completion of the sale of the solutions business. The AssetCo directors believe that RMG Asset Management and AssetCo are highly complementary and that a combination of AssetCo and RMG Asset Management would create significant value for the combined group's clients, portfolio managers, employees and shareholders. The AssetCo directors also believe that there is material value in leveraging other elements of the AssetCo business and strategy to increase the value of RMG Asset Management and widen investor appeal. Whilst negotiations between RMG and AssetCo regarding the structure of a potential deal are continuing, the indicative non-binding proposal to the Board of RMG may lead to a requirement for a reverse takeover pursuant to Rule 14 of the AIM Rules. There can be no certainty that the Possible Offer or any offer will ultimately be made, nor as to the terms of any such offer. Rule 2.6(a) of the Code requires that AssetCo, by no later than 5.00 p.m. on 21 December 2021, being the 28th day following the date of this announcement, either announces a firm intention to make an offer for RMG in accordance with Rule 2.7 of the Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. AssetCo currently holds 5 million RMG shares representing approximately 5.85 per cent. of its voting rights. Martin Gilbert, Chairman of AssetCo and Deputy Chairman of RMG, has recused himself from the RMG Board for the purposes of discussions in relation to the Possible Offer. A further announcement regarding the Possible Offer will be made in due course as appropriate. |
Posted at 08/1/2021 10:53 by stockstockham We have another investor:"Acquisition of minority stake in River and Mercantile Group Plc AssetCo plc announces that it has acquired a 2.9% shareholding of 2,500,000 ordinary shares in River and Mercantile Group Plc (the "Investment"), an asset management business, at £1.86 per share representing a premium of 1.2 per cent to the closing share price of 183.75 on 7 January 2021, the last practical date prior to this announcement. The Investment totalling £4.7m is being paid out of cash." |
Posted at 20/10/2020 20:18 by topvest Why not? Maybe not this year though. Typical short term approach taken by investors, rather than seeing the 6 year recurring revenue growth trend. Directors are buying, so they think the stock is oversold. |
Posted at 22/12/2019 21:53 by topvest Of course, active managers are under pressure at the moment but River and Mercantile are still growing at c5-10% per annum.For what its worth, I think passive investors will get a bit of a shock when the tech bubble bursts & there is some reversion to the mean! Did you know that the market cap of Apple and Walt Disney > All German companies? Amazon and Google > All French listed companies. What a mad valuation world we live in!! |
Posted at 06/7/2018 12:17 by varies At first sight RIV shares look very cheap compared with those (for example) of IPX.RIV has a combined AUM/NUM of £33.8 billion and a market cap of £218 million whereas IPX has AUM of £11bn and a Mkt cap of £264m. I refer to IPX as this has proved one of my best investments over the last 2 years and seems a very well run company. Its funds have done well and attracted new investors. A crucial factor, however, is the high proportion of RIV's profits that are taken directly by its directors (as mentioned by other contributors here). Directors' fees with bonuses etc seem to be about double the dividends that are paid to shareholders. Even so, the yield is generous if it can be maintained. On balance I am inclined to buy some RIV shares but shall wait rather nervously until I feel more confident about world stock markets as a whole. There may be some turbulence ahead. |
Posted at 06/7/2018 11:17 by speedsgh Trading Statement - FCA competition matter The Group has reduced the amounts recognised in respect of the FCA competition matter to a provision of £109,000, from a provision of £1 million1. The Group received guidance from the FCA on the likely quantum of penalty should one be imposed. The provision has been adjusted to reflect this guidance. Mike Faulkner, CEO of River and Mercantile, said: "The Group continues to co-operate fully with the FCA in this complex matter and we will provide further updates when the FCA reaches its final decision in due course." Update on trading Highlights for the two months ended 31 May 2018: · Fee earning AUM/NUM increased by 2% to £33.8bn. · Sales for the period were £0.8bn. · Redemptions in the period were £0.4bn, including £0.1bn of maturing structured equity transactions, and £127m and £82m from the UK Smaller Companies Fund and the UK Dynamic Fund, respectively. · Investment performance added £0.4bn and was positive across all divisions. Highlights for the 11 months ended 31 May 2018: · Fee earning AUM/NUM increased by 9% to £33.8bn. · Sales for the period were £5.4bn, including £1.2bn from Equity Solutions and £3.7bn from Derivative Solutions. · Redemptions in the period were £4.5bn, including £1.5bn of maturing structured equity transactions from a single client which had met its objectives. · Net inflows for the 11 months were £2.0bn, equivalent to 6% of opening AUM/NUM. · Investment performance generated £0.7bn and was positive across all divisions. The Group's 12 month trading update will be published on 30 July 2018. Mike Faulkner, CEO of River and Mercantile, said: "The business continues to perform well. Flows and our forward pipeline - in particular in Equities, Derivatives and new investment strategy development - remain strong. Fiduciary Management and Advisory growth has been slower, however this is in line with the expectations and guidance that we have historically provided to the market given the stage of the cycle and the strong equity market rallies that we have seen over the last 12 months. The long term investment performance of our funds and mandates2 remains above benchmark. As outlined in my CEO Statement in last year's Annual Report, our business has a range of complementary strategies, from advisory, asset allocation, equities and derivative strategies which allows us to be relevant to our clients through providing investment solutions across all phases of the market. We currently consider that we are in a downturn phase of risk markets and therefore have been advising clients to adopt more defensive positions. As a result we expect to see continued interest in structured equity strategies, along with our absolute return strategies, which include Global Macro. We recently publicised the expansion of our distribution and client management capabilities through hiring senior individuals and the opening of new offices in both New York and Australia. Our New York office will complement our existing and growing presence in the market with offices in Boston, Chicago and Denver. We will continue to build our global presence in markets where we see client need for our proven approach in engaging with sophisticated investors and our ability to design investment solutions to meet their specific needs. We are excited by the outlook and the opportunities that exist. We continue to be well positioned to grow the business in line with the guidance given to the market." |
Posted at 07/3/2018 10:37 by speedsgh From the CEO Statement in the Interims...Recent News I want to offer some comments on our recent announcement that we have parted company with Philip Rodrigs. We have said as much as we intend about the situation itself. In general, the reaction from clients and investors has been understanding and measured, but in one or two instances some questions have been raised over whether this represents a cultural issue in the firm. It is this issue I want to address. Every business will suffer issues such as these, even great firms. The test of a business is not its avoidance of them - which is impossible - but rather the way it navigates them when they arrive. The strength of a business to deal with such issues is influenced significantly by the quality of its culture and the unity its people can demonstrate in working through issues. We take our culture and conduct very seriously. It is critical in a business model where we are focused on helping clients fully understand their needs and then solving them. As a result, when we encounter threats to these areas our approach is to deal with them decisively and openly. This is important in a business that is based on openness and transparency with its clients and its people. But a consequence of this approach is that it is very clear to everyone when an issue has arisen. There is little we can do about this - the alternative is far worse for the long term success of the business. I would therefore encourage investors to see this for what we consider it to be - an issue to be navigated by a business that is otherwise on a strong long term growth path and one which represents our determination to hold everyone in the Group to the same high standard, regardless of position. |
Posted at 08/2/2018 15:28 by speedsgh River and Mercantile star investor ousted over ‘professional misconduct’ - "... Mr Rodrigs, 36, who is taking legal advice, told The Times last night: “I dispute the conclusion they’ve come to.” He declined to say more..." |
Posted at 06/11/2015 09:48 by speedsgh Strong Q1 trading update today in view of prevailing difficult market conditions...Trading Update - River and Mercantile Group PLC (R&M), the advisory and investment management business today provides a trading update of Assets Under Management (AUM) and Notional Under Management (NUM) for the three months ended 30 September 2015. Highlights for the three months ended 30 September 2015: · Fee earning AUM/NUM increased from 30 June 2015 by 2% to £21.5 billion. · Net inflows were £592 million in the period, with net sales of £152 million and positive rebalancing flows in Derivative Solutions of £440 million. · In difficult market conditions investment performance reduced AUM by less than 1% (£133 million). Notably, fiduciary management assets fell only 0.3% in the period, demonstrating our ability to defend and protect client assets in volatile markets. Subsequent to the quarter end R&M has been appointed to a £1bn structured equity options mandate by a large UK defined benefit pension scheme. The mandate was designed and executed throughout October. Mike Faulkner, CEO of River and Mercantile, said: 'The difficult market conditions have shown the robustness of the business, both in terms of diversification across asset classes and to continue generating positive flows. This follows from our focus on delivering effective, outcome-led solutions to our clients. Our appointment for a large structured equity mandate continues the trend for investors to seek innovative ways to preserve value, while still remaining exposed to risk markets. Furthermore, our new Global High Alpha equity proposition has been reviewed by a range of investors and we expect to see flows in the coming months. We continue to deliver sustained investment returns for our clients and remain strongly positioned for growth.' |
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
