Net Asset Value

RNS Number : 6132L

Marwyn Value Investors Limited

28 December 2018

 

LEI: 213800L5751QTTVEA774

28 December 2018

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announces that the estimated net asset value per Ordinary Share of the Company based on the estimated value of its interests in Marwyn Value Investors L.P. is £1.99398 as at 14 December 2018. As at 14 December 2018, there were 70,771,826* Ordinary Shares and 16,050,000 exchange shares in issue.

As at 14 December the closing mid share price of an Ordinary Share in the Company was £1.1900 and represented a discount of 40.32% to the net asset value per Ordinary Share.

Historic Performance

	Estimated NAV per share (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)	NAV Inception to date (%) **	Total Return Inception to date (%) ***
2018:
December 14	1.99398	-1.5	-2.1	-7.2	+156.7	+187.6
December 7	2.02418	-0.6	-0.6	-5.8	+160.6	+191.9
November 30	2.03572		+4.3	-5.2	+162.1	+193.6
October 31	1.95163		-0.6	-9.1	+151.3	+181.5
September 28	1.96373		-4.5	-8.6	+152.9	+183.2
August 31	2.05578		-0.2	-4.3	+164.7	+196.5
July 31	2.06075		+1.1	-4.1	+165.3	+197.2
June 30	2.03918		+2.6	-5.1	+162.6	+194.1
May 31	1.98737		+1.9	-7.5	+155.9	+183.8
April 30	1.95055		+5.6	-9.2	+151.2	+178.5
March 29	1.84651		-5.9	-14.0	+137.8	+163.7
February 28	1.96154		-4.9	-8.7	+152.6	+177.0
January 31	2.06300		-4.0	-4.0	+165.6	+191.3
2017:
December 29	2.14816		-4.3	+2.0	+176.6	+203.3
November 30	2.24416		+0.3	+6.5	+189.0	+213.8
October 31	2.23808		-2.9	+6.2	+188.2	+213.0
September 29	2.30546		+1.9	+9.4	+196.9	+222.4
August 31	2.26272		+2.9	+7.4	+191.4	+213.6
July 31	2.19869		-0.6	+4.4	+183.1	+204.8
June 30	2.21100		-2.5	+4.9	+184.7	+206.5
May 31	2.26847		+2.2	+7.7	+192.1	+211.7
April 28	2.21977		+3.1	+5.4	+185.8	+205.0
March 31	2.15319		+4.2	+2.2	+177.3	+195.9
February 28	2.06669		-1.1	-1.9	+166.1	+181.3
January 31	2.08947		-0.8	-0.8	+169.0	+184.4

Prepared on the following basis:

* As at 7 December 2018, 1,186,468 of the Ordinary Shares were held by Marwyn Value Investors L.P. and for purposes of the estimated net asset value per Ordinary Share, have been treated as cancelled.

** The inception to date movement is based on the combined weighted average NAV of Marwyn Value Investors I, II and B shares prior to their amalgamation, using the conversion ratio published on 17 April 2008.

*** The total return inception to date movement is based on the reinvestment of dividends paid to shareholders into the Company and is calculated on a cum-income basis.

Marwyn Asset Management Limited, the Manager of the Company and of Marwyn Value Investors LP (the "Master Fund"), through which the Company holds all its investments, today announces that the value of the Master Fund's investment in Le Chameau Group plc attributable to the Ordinary Shares has been written down to £14.6m from a previous carrying value of £24.5m. The new value of £14.6m represents 11.2% of the NAV of the Ordinary Shares as at 14 December. The pro forma NAV as at 14 December, assuming that the investment in Le Chameau Group plc is valued at £14.6m is £1.87289 per Ordinary Share.

Enquiries to:

Axio Capital Solutions Limited

One Waverley Place

Union Street

St Helier

Jersey

JE1 1AX

 

END

 

 

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