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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 Shares Traded Last Trade
  3.00 1.39% 219.00 10,172 16:35:11
Bid Price Offer Price High Price Low Price Open Price
216.00 222.00 220.00 211.00 211.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 70.54 8.30 6.39 34.3 187
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:40 AT 137 220.00 GBX

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Date Time Title Posts
18/3/202115:20River & Mercantile Group178

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DateSubject
10/4/2021
09:20
River And Mercantile Daily Update: River And Mercantile Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker RIV. The last closing price for River And Mercantile was 216p.
River And Mercantile Group Plc has a 4 week average price of 200p and a 12 week average price of 200p.
The 1 year high share price is 242p while the 1 year low share price is currently 145p.
There are currently 85,443,985 shares in issue and the average daily traded volume is 7,304 shares. The market capitalisation of River And Mercantile Group Plc is £187,122,327.15.
17/3/2021
19:39
topvest: Interim results today. I would describe them as mixed, but promising. The last sentence is interesting... "Outlook I am encouraged by the impact the investment in distribution is having on our business. We are focussed on returning the Group's underlying profit margin back to historic levels. We believe we have made the right investments in people to enable River and Mercantile to take advantage of the attractive growth opportunities that we have identified, to continue to deliver strong investment returns for our growing client base, and to provide longer-term value to shareholders. As the CMA retender process must complete by June 2021 and given the strength of our pipeline we are confident that in the short to medium term there should be significant opportunity to grow Investment Solutions as a result of pent-up activity since the CMA review began in 2017. Asset Management is ideally positioned to enhance its capabilities in a market place that is increasingly in demand. River and Mercantile has developed an exciting range of products and solutions in markets where there is substantive and growing demand and the early signs are very positive. The Board however is very conscious of the continuing weak share price: we are determined to address this with urgency to deliver value for shareholders." It looks and feels like Martin Gilbert is exerting pressure. I'm happy to hold for the long-term and not sure Martin Gilbert is going to add too much unless he has an equity asset manager going cheap that they can fold-in.
09/2/2021
20:34
topvest: I certainly hope not. I would prefer it if their aim is to assist a fine and able management team here at RIV take it to the next stage. I want to see RIV grow and become a multi-bagger. Martin Gilbert doesn't want to be a CEO any longer. To be honest, I am not sure he's done a great job of late. He was good 10-20 years ago but Aberdeen Asset Management lost its way more recently, hence the merger with Standard Life. Even that was not a great success, so far anyway. Then again. quality and value hasn't been a great place to be in the last decade.
09/2/2021
11:58
qs99: well presume they will try and takeover RIV no? DYOR
26/1/2021
19:12
topvest: Another positive development: https://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/infrastructure-investment-business-established/202101261227139452M/
15/1/2021
11:00
essentialinvestor: Annoyed with myself on RIV, put in a limit order this day week which was not filled (should have been more flexible on price) and on Monday hesitated buying on what was a very nice opportunity before the priced moved upwards. Before Martin's appointment I did not see the buy case, but when the story changes, etc..
15/1/2021
10:55
spectoacc: Small, but not fazed by price rise: "The Company announces that Mr James Barham, Group Chief Executive of the Company, bought 10,000 ordinary shares of 0.003 pence each ("Ordinary Shares") at a price of 234.8 pence each on 14 January 2021. "
11/1/2021
08:41
stockstockham: Market is more interested in AssetCo! I'm more interested in RIV. Edit - ha, just needed more patience. Topvest - thanks, don't think I'd have researched and bought RIV without your posts above.
11/1/2021
07:36
stockstockham: It's more interesting than I realised. From the front page of Business section of Sunday Times: "Aberdeen swashbuckler Glibert plots comeback Veteran fund manager Martin Gilbert is to take a 10% stake in a listed company and use it as an acquisition vehicle. The former vice chairman of SLA will team up with former colleagues and other City figures at AssetCo...Sky News reported that Gilbert, 65, had decided to use it as his corporate vehicle after talks with Christopher Mills... Gilbert is said to be planning to use AssetCo to carry out deals and consolidate the fund management sector. He is expected to have a non-exec role at AssetCo." And the first deal appears to be the stake in RIV. And this morning: "Martin Gilbert and concert party acquire a 29.8% shareholding [in AssetCo] Intention for Martin Gilbert and Peter McKellar to join the Board of AssetCo AssetCo plc announces that Martin Gilbert, Peter McKellar, various associates and funds managed by Toscafund Asset Management, a multi asset fund manager, (together, the "Investor Group") have, in aggregate, acquired a minority stake of 29.8% of the issued share capital of the Company at 475 pence per share, which is approximately the estimated net asset value per share, from a number of institutional shareholders and the Board. Below is a table showing the resultant holding of Harwood Capital Management (by virtue of its association with Christopher Mills), Cadoc Limited (by virtue of its association with Tudor Davies) and members of the concert party."
08/1/2021
10:53
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."
06/1/2021
08:07
speedsgh: Martin Gilbert, co-founder & former CEO of Aberdeen Asset Management, is joining the company as Deputy Chairman... Directorate Change - HTTPS://www.investegate.co.uk/rivr--38-merctl-grp-plc--riv-/rns/directorate-change/202101060700056879K/ River and Mercantile Group PLC (RMG) announces that Martin Gilbert has today joined the Board as Deputy Chairman. Martin will bring to RMG his substantial experience and knowledge of the asset management sector. He is currently Chairman of Revolut Limited and Senior Independent Director at Glencore plc, as well as Chairman of Toscafund. However, he is probably best known as a co-founder and then Chief Executive of Aberdeen Asset Management plc which became one of the world's leading independent asset managers under his leadership. Jonathan Dawson, Chairman, commented: "We are delighted that Martin has joined the RMG board. Martin has had an exceptionally distinguished career in asset management as one of the founders and Chief Executive of Aberdeen Asset Management. He brings huge experience of the sector to RMG and we all look forward to working with him to develop RMG into a substantial growth business." Martin Gilbert commented: "RMG is a business with great potential. In the current environment there are market opportunities for RMG, both organic and through acquisitions, that can drive shareholder value and I look forward to working with the Board to help progress this development."
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