Mercia Asset Share Price (MERC)

Share price has enjoyed a good run over the past month and no pumpers & dumpers on the BB which is a relief! The value proposition for owning more MERC shares seems strong according to Schanhorst. Inclined to agree, will add more this week.

I’m expecting a bid at some stage. Big cash pile, good reputation, assets under management growing fast, well positioned for UK turnaround, especially with our British Business Bank relationship. That is meaningful. Like us, Maven were recently awarded BBB contracts. Maven were taken over by Mattioli Woods in 2021 and they are currently being taken over by Pollen Street Capital. Things are moving.

Very good results, surprised the sp not higher.

Brilliant Scharn, thank you. Really appreciate the information and I totally agree Ray sounds like the type of guy any company and investor would be proud to have on their side. Now I know, I am. Kind regards, MIG

You’re welcome MiG. Ray Chamberlain was non-exec chair of Mercia at IPO and is a staunch supporter. He was executive chair and main shareholder of Forward Group plc which was successfully sold in the 90s. The name lives on in Forward Innovation Fund and Forward Nominees which are listed in the MERC Annual Report as significant shareholders in Mercia and in which Ray has an interest. I don’t know how many shares Ray holds directly in Mercia but I’m told he has never sold a single share in the company. I’ve met him, he’s a very nice bloke and passionate about encouraging small and medium sized companies in the regions. The UK needs more like him imo.