Mercia’s acquisition of NVM’s VCT fund management business and the £30m (gross) equity raise was approved by shareholders at the General Meeting on 20th December. We updated our forecasts, reflecting the strong shift towards cash profitability as a result of the acquisition, as well as the impact of the associated fundraise. Our detailed note, published following the GM, can be found here. We would also highlight that £15m of the equity raised will drive the balance sheet portfolio towards an ev ....
06 Jan 2020
ICYMI: cash profitable and close to evergreen post-NVM and fundraise
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ICYMI: cash profitable and close to evergreen post-NVM and fundraise
Mercia Asset Management PLC (MERC:LON) | 35.0 0 0.0% | Mkt Cap: 152.0m
- Published:
06 Jan 2020 -
Author:
Andrew Watson -
Pages:
3
Mercia’s acquisition of NVM’s VCT fund management business and the £30m (gross) equity raise was approved by shareholders at the General Meeting on 20th December. We updated our forecasts, reflecting the strong shift towards cash profitability as a result of the acquisition, as well as the impact of the associated fundraise. Our detailed note, published following the GM, can be found here. We would also highlight that £15m of the equity raised will drive the balance sheet portfolio towards an ev ....