Majedie Investments (MAJE) announced a revaluation of its holding in Majedie Asset Management (MAM) in its full year results, published on 7 December 2015. As at 31 March 2015, its MAM holdings were valued at £41.7M. As at 30 September 2015, the directors’ valuation of its investment in MAM was £52.3M. We estimate that the uplift to the last official NAV, as at 30 September 2015, would be c.20.1p per share. On a cum fair basis, we estimate the post revaluation NAV as at 27 N
07 Dec 2015
Uplift to NAV
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Majedie Investments PLC (MAJE:LON) | 245 -4.9 (-0.8%) | Mkt Cap: 129.8m
- Published:
07 Dec 2015 -
Author:
Saumya Banerjee -
Pages:
6
Majedie Investments (MAJE) announced a revaluation of its holding in Majedie Asset Management (MAM) in its full year results, published on 7 December 2015. As at 31 March 2015, its MAM holdings were valued at £41.7M. As at 30 September 2015, the directors’ valuation of its investment in MAM was £52.3M. We estimate that the uplift to the last official NAV, as at 30 September 2015, would be c.20.1p per share. On a cum fair basis, we estimate the post revaluation NAV as at 27 N