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Share Name Share Symbol Market Type Share ISIN Share Description
River And Mercantile Group Plc LSE:RIV London Ordinary Share GB00BLZH7X42 ORD GBP0.003
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25 -0.84% 146.75 145.00 148.50 148.50 145.50 148.00 7,680 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 78.1 16.8 16.2 9.0 125

River And Mercantile Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
21/10/2020
19:11
Yes, but performance fees are earned on-top. Provided their investment performance is better than average and above the watermark they will earn performance fees again in the future. It's only the icing on the cake for special dividends, so recurring revenue is the key measure. I expect improvement on special dividends when their investment style is working better. Agreed that fee rates are under pressure across the asset management sector, but there is still very good money to be made for good niche customer centric operators like River and Mercantile.
topvest
21/10/2020
08:29
* Because margins are continuing to be compressed in much of asset management and the current economic dislocation is likely to accelerate that trend.
essentialinvestor
20/10/2020
19:18
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.
topvest
20/10/2020
16:23
topvest, will previous levels of performance fees be seen again?. I would question that.
essentialinvestor
19/10/2020
14:43
Mrs Jean Hanratty (PCA to Mr David Hanratty, Global Head of Distribution) has bought 60,000 shares at 155p each = £93,000 HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202010191535275207C/
speedsgh
08/10/2020
12:29
Looks like it will take 12m or so for performance fees to recover: Performance Fees Performance fees for the period were principally earned during the first half of the year. As explained in the Group Chief Executive's Statement the equity market downturn during the second half of the year impacted our ability to generate outperformance within Fiduciary and, while the Group has the potential to earn performance fees in the current financial year both within Fiduciary and Equity Solutions, this will be at significantly lower levels then we have historically generated. The business will have the ability to generate performance fees through some of the new strategies being developed and we will keep the market updated as this develops.
topvest
08/10/2020
12:01
Some thoughts ADDED IN CAPITALS: Financial Highlights · Fee earning AUM1 increased to £44.2 billion (2019: £39.8 billion) representing the sixth consecutive year of AUM growth; IMPRESSIVE · Underlying revenue2 of £69.4 million (2019: £65.6 million), representing the fourth consecutive year of growth; IMPRESSIVE · Performance fees of £1.2 million (2019: £12.5 million); NORMALLY ABOUT £10M AND SO MAY BOUNCE BACK! · Adjusted underlying profit before tax3 of £12.6 million (2019: £14.7 million); INVESTMENT IN DISTRIBUTION AND TEAMS HAVING AN IMPACT AND WILL IN H1 · Adjusted profit before tax4 of £13.2 million (2019: £20.9 million); · Statutory profit before tax of £8.3 million (2019: £16.8 million); · Adjusted basic EPS5 and statutory basic EPS were 11.79 pence (2019: 20.26 pence) and 6.39 pence (2019: 16.22 pence) per share respectively; PERFORMANCE FEE IMPACT MAINLY · The Board of Directors has declared a second interim dividend of 2.81 pence per share; and · The Board of Directors has also proposed a final dividend for the year ended 30 June 2020, subject to approval by shareholders at the Group's AGM, of 2.34 pence per share, of which 0.10 pence is a special dividend and relates to net performance fees, taking the total dividend for the year to 9.54 pence. 6% SUSTAINABLE YIELD PRETTY GOOD, BUT OVER 10% IF PERFORMANCE FEES COME IN FOR FY21 Operating Highlights · Net AUM flows of +£3.7 billion (2019: +£5.4 billion); FIDUCIARY AND DERIVATIVES STRONG. EQUITY POOR AND NEEDS TO IMPROVE. · Investing for profitable growth in distribution and product; CAUSING HIGHER COSTS SHORT TERM, BUT BETTER THAN EXPENSIVE ACQUISITIONS · Augmentation of operational infrastructure underway; and AS ABOVE · Key hires made within investment management, distribution and corporate. AS ABOVE. SHOULD HELP GROWTH GOING FORWARD. RISK TRADE-OFF IS GOOD UNDERLYING RECORD, DISAPPOINTING EQUITY SIDE WITH VALUE NOT IN VOGUE, INVESTMENT IN BUSINESS NEEDS TO PAY-OFF. ON-BALANCE, I THINK THINGS WILL CONTINUE TO IMPROVE, BUT MAY BE A FLATTER FY20 AND FY21 H1 THAN IDEAL. HOW MANY COMPANIES WITH 6 YEARS OF UNDERLYING REVENUE GROWTH AND A HIGH QUALITY TEAM TRADE ON A 6-10% DIVIDEND YIELD?
topvest
08/10/2020
10:56
Well its certainly a bargain for a growth business. Revenue before performance fees increased by nearly 6%. Earnings for FY20 are lower simply because of an £11.3m reduction in performance fees. Obvious COVID-19 and lack of a growth focus has impacted. I think that you will find that the forward dividend and EPS don't factor in any upside on performance fees. FY21 cannot be lower than FY20! Outlook short term was a bit muted which I think has caused the drop. Medium term I am very optimistic still. Key to the valuation though is growing the Equity AUM again as this has much higher management fees than the other 2 divisions. Happy to hold for the future and for better times!
topvest
08/10/2020
08:02
Growing aum I but earnings forecasts have collapsed and seem stuck in 11-12p area. Feel like I should want to add but hard to see what will get the share price moving.
its the oxman
08/10/2020
07:15
Topvest, looks like our enthusiasm for river, doesn't seem to be shared by the market. A longer term hold for our leaders growth plan to materialise
aspringo
01/9/2020
08:44
Added a few more ahead of the year-end results. When we get back to decent performance fees then this will be on a near 10% dividend yield. 6.5% yield currently. Not bad for a steadily growing and cash generative business.
topvest
27/7/2020
19:30
A very impressive update. This share is towards the top end of my hold and add list. I don't think that the market really appreciates the strengths of RIV. It's a pretty impressive business in my view. I keep chipping away and adding more like I did on Impax 3 or 4 years ago.
topvest
27/7/2020
07:48
Trading Statement - HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/trading-statement/202007270700080876U/ River and Mercantile Group PLC ("R&M"), the asset management business, today provides its unaudited trading update for the three and twelve months ended 30 June 2020. James Barham, Group Chief Executive commented: "We look forward to the new financial year with confidence. We have and will continue to make some significant investments in our business to boost our distribution capabilities and to enhance and deepen our investment resources to meet our clients' needs. We are beginning to see some very positive signs following the investment in distribution we have made over the past year and this places us in a strong position as we head into the new financial year." Summary of the three months ended 30 June 2020: • Fee earning AUM/NUM increased in the quarter by 9.3% to £44.2 billion. - Gross sales were £3.1 billion; - Net flows were £1.5 billion; - Net flow ratio was +3.7% of opening AUM/NUM; and - Investment performance was positive £2.3 billion or +5.6% of opening AUM/NUM. Summary of the twelve months ended 30 June 2020: • Fee earning AUM/NUM increased in the twelve months by 11.1% to £44.2 billion. - Gross sales were £8.2 billion; - Net flows were £3.7 billion; - Net flow ratio was +9.3% of opening AUM/NUM; and - Investment performance was positive £0.7 billion or +1.8% of opening AUM/NUM. [cont'd]
speedsgh
27/3/2020
15:39
Notification of recent very small purchase by NED John Misselbrook... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003271512179231H/ 25/3/20 CFO Kevin Hayes bought 3,000 RIV @ 175p = £5,250 Overview of other recent purchases: 17/3/20 CFO Kevin Hayes bought 7,700 RIV @ 193p = £14,861 16/3/20 Mrs Anne Rosemary Dawson (PCA to Chairman Jonathan Dawson) bought 10,800 RIV @ 184.3p = £19,904 16/3/20 CEO James Barham bought 10,600 RIV @ 185p = £19,610 16/3/20 Mrs Lulu Barham (PCA to CEO James Barham) bought 10,600 RIV @ 185p = £19,610 Not exactly a buy signal yet!
speedsgh
20/3/2020
15:12
Notification of recent small purchase by CFO Kevin Hayes... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003201411510558H/ 17/3/20 CFO Kevin Hayes bought 7,700 RIV @ 193p = £14,861
speedsgh
16/3/2020
18:03
Another small purchase today, this time by a PCA to the chairman. All purchases today relatively immaterial in the scale of things... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003161705513554G/ 16/3/20 Mrs Anne Rosemary Dawson (PCA to Chairman Jonathan Dawson) bought 10,800 RIV @ 184.3p = £19,904
speedsgh
16/3/2020
14:50
Charts in header not working today. Current spread 175-185p. CEO & PCA to CEO have added a few in the chaos... HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/director-pdmr-shareholding/202003161412283135G/ 16/3/20 CEO James Barham bought 10,600 RIV @ 185p = £19,610 16/3/20 Mrs Lulu Barham (PCA to CEO James Barham) bought 10,600 RIV @ 185p = £19,610
speedsgh
16/3/2020
08:09
I'm out. GLA.
lord gnome
21/2/2020
18:34
Sacked River and Mercantile manager Rodrigs resurfaces - HTTPS://citywire.co.uk/funds-insider/news/sacked-river-and-mercantile-manager-rodrigs-resurfaces/a1326450 ... Rodrigs said he was 'itching to get back into investing' after a two-year hiatus following his sacking by River and Mercantile in 2018. The manager said his dismissal from the fund group was still an 'ongoing and open matter', limiting what he could say, though he added he 'strongly disputed' his firing. 'The issue at stake was my attendance at a normal industry event,' he said, adding that around 20 other investment professionals had attended, with no others having been dismissed to the best of his knowledge...
speedsgh
21/2/2020
14:58
Seems a fairly decisive break out from the 2yr downtrend. Looks encouraging. Looking fwd to results.
speedsgh
21/2/2020
12:34
Trades going through at 300. I have a strong feeling that next month's results will not disappoint.
lord gnome
12/2/2020
12:08
Still going up on very small volumes. Almost every buy sees a tick higher. Now in the black for the first time since I bought. Looks like you might just get your 300, Oxman.
lord gnome
11/2/2020
09:10
Results in March I believe and given underlying trading seems pretty good, I cling to the hope of seeing 300p one day.
its the oxman
04/2/2020
21:07
Yes, I rate their analysis. They are a very well run group, led by some really quality individuals. The group has a very bright future ahead, which is not generally factored into the share price. Slightly under the radar! Happy with that and will keep topping up when it dips.
topvest
Chat Pages: 7  6  5  4  3  2  1
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