Mercia Asset Management has evolved from a specialist investment company into a hybrid fund management business with an attractive balance sheet portfolio comprising direct investments in promising investee companies. Whilst the balance sheet provides exposure to attractive investment performance (recent >50% exit IRRs), the Group’s fund management business generates high quality management fee earnings from long-term alternative investment funds. We increase our TP to 64.5p, based on our revis ....
04 Apr 2022
Specialist in the Regions, Combining Quality & Upside
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Specialist in the Regions, Combining Quality & Upside
Mercia Asset Management PLC (MERC:LON) | 35.0 -0.2 (-1.7%) | Mkt Cap: 152.0m
- Published:
04 Apr 2022 -
Author:
Jens Ehrenberg -
Pages:
3
Mercia Asset Management has evolved from a specialist investment company into a hybrid fund management business with an attractive balance sheet portfolio comprising direct investments in promising investee companies. Whilst the balance sheet provides exposure to attractive investment performance (recent >50% exit IRRs), the Group’s fund management business generates high quality management fee earnings from long-term alternative investment funds. We increase our TP to 64.5p, based on our revis ....