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BPM investor relations publications are at better end for AIM company net asset value has seen pretty consistent growth in net asset value per share Also hurricane and floods this summer are likely to push insurance premiums and a number of portfolio companies are paid commissions based on those premiums so company has positive headwinds as well Companies will plenty of liquid assets and cash also do well in a downturn due their resilience
30% rise in share price over 6 months. Hmm, not to be sniffed at. Share price down on what seems to be good results; seems about right for the market at present. This has come up on my radar previously, but until today I hadn't done much research. Toying with investing a small(ish) sum here. Looks like one of those boring companies which out perform the more flashy exciting companies. Just wonder what may happen should the general market turn more bearish as it must surely do at sometime. Nice quiet board - usually a good sign. May just see what happens over the next day or so. Regards CM
Further strong growth in net assets in six months Strong asset backing and free cash New investments being made Share bounced a lot yesterday
Another successful exit for BPM at nice uplift to carrying value
Small share buy to reduce discount - not often you see AIM company buying back shares Besso sale completed on 28 feb New investment into CBC New investment in Stewart Speciality
Besso sale terms announced £20.6 million in cash about third of existing market cap Good start to 2017 BPM do have a habit of delivering on their plans
thanks BPM, plenty to go here but happy with a decent profit! GL all
price on a wobble, as news of beefed up Nexus holding is digested. Plenty to look forward to, this year and the next, from this well run, below the radar outfit. GL all
The guy behind Fiducia is pretty astute he built up previous business very successfully for the Watkins syndicate. Let's hope he can repeat that feat again.
stake in Fiducia announced today, Besso bubbling under, BPM seem to know what they want. Good, readable website - agree there analyzer. Very promising!
Besso had strong performance which bodes well for sale. Some other interesting business which are growing. BPM produce nice clear set of accounts with good website and links to investee companies - puts most of their peer sized companies to shame. Like strategy of selling Brocour and R&Q holdings as former wasn't growing or core and later is not a broker either. Nice steady growth plus dividend.
the up after happy RNs......well done BPM.
up for next week's rns; stake in Besso Insurance sold or still up for grabs? Increasingly younger board + BPM steering a very tight ship here, could be interesting. GL all.
The answer is that broking is at present a people based business Good brokers have an ability to grow the business through their network and there are always people who want to run their own business within larger groups who want chance to make their fortune Brian knows the sector and people in the sector can see how many other brokers the company and his private business have supported over the years I don't expect this to grow rapidly but I do expect it to pay dividends and find new investments probably none as good as Hyperion but who knows I don't expect discount to narrow too much but it will pay a good dream of dividends and share buy backs will help keep discounts down
And back down again. This didn't help: " ... the Marsh Christian Trust, of which Mr Brian Marsh, Chairman of the Company, is a trustee, has today sold 171,000 ordinary shares in the Company ("Shares") for 152.25 pence per Share." These shares were gifted to the Trust by the Chairman himself, but instead of waiting for the price to rise, as all commentators say it must, the Trustees preferred to give them away at a 33% discount to NAV. How shortsighted was that? Incidentally sending the sp downwards again.
There seems to be a large buyer here buying lots of 10k regularly - could this be the company buying back shares? Always seems to be much more blue than red but price doesnt move!
To me, a fine RNS today. I am always interested in the views of others. My story and my impressions follow. I recently had an unforeseen need to raise some cash; I decided that reducing the number of my investments on AIM was a suitable way to meet the need. I exited positions in (a) a few underperforming companies and in (b) a few companies that have risen nicely. I do not like to bid adieu to investments in companies that have been performing well, but circumstances suggested to me that I ought to do so. I see much value in the B.P. Marsh share, and I strongly felt last week that an exit in the 140p range would not be wise. I do not know how other BPM holders reached their decisions to invest here. I for one am drawn to quoted companies like BPM because they invest in unquoted companies which are in the same sector. In other words, I infer that the BPM directorate have the expertise and the sector familiarity which positions the directorate to screen for excellent opportunities in the insurance market, including opportunities in which the expertise of BPM is likely to contribute to profitable results for the investees of BPM. I have confidence that the BPM directorate will continue to make advantageous investments in the insurance business. I wish good luck to all who may read this message. Rob
B.P. Marsh & Partners: Panmure Gordon moves target price from 155p to 162p and retains a buy recommendation.
I like the 03 December news. Invest for further growth by aligning with highly experienced people. BPM share remains a good value in my humble opinion. I urge others to do their own research. Good luck all. Rob229
Full page article in IC this week. Still being tipped to reach 160, with a NAV of £1.95