Quarterly Majedie Asset Management Valuation

RNS Number : 9509I
Majedie Investments PLC
17 August 2021
 

17 August 2021

LEI: 2138007QEY9DYONC2723

Majedie Investments PLC

Quarterly Majedie Asset Management Valuation

 The Company's holding in Majedie Asset Management has been valued at £24.8m as at 30 June 2021. This is in accordance with the valuation basis announced in 2020 and as in the valuation at 31 March 2021, reflects the notified outflow from St James's Place that did not take place until July 2021. The Company received a dividend, from MAM, of £1.2m in May 2021.

 

 

31.3.21

30.6.21

Management fee earnings after tax (last 3 months annualised)

£8.3m

£8.1m

Peer Group PE multiple

14.7x

14.8x

Liquidity discount

20%

20%

Peer group multiple after liquidity discount

11.8x

11.8x

Management fee value

£97.9m

£95.6m

Performance fee earnings after tax

£2.2m

£2.6m

50% of peer group multiple

7.4x

7.4x

50% of peer group PE multiple after liquidity discount

5.9x

5.9x

Performance fee value

£13.0m

£15.3m

Surplus net assets having deducted 200% of Regulatory Capital

£36.4m

£33.3m

Valuation of MAM

£147.3m

£144.2m

Valuation of the Company's 17.2% holding in MAM

£25.3m

£24.8m

 

Enquiries

If you have any enquiries regarding this announcement, please contact Mr William Barlow on 020 7382 8185.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCPRMFTMTBBBFB
UK 100

Latest directors dealings