MAJEDIE INVESTMENTS PLC Monthly Factsheet: 31 January 2023
ANNOUNCEMENT - On 25 January 2023 Majedie Investments PLC appointed Marylebone Partners LLP as their new investment manager for the Company. Find out more on our website.
Description
Majedie Investments PLC is an Investment Trust listed on the London Stock Exchange. It was founded in 1910, obtained Investment Trust status in 1985, and, from 2014, has been a self managed AIF under UK AIFMD.
Following a general meeting Marylebone Partners LLP (MP) were appointed as the investment manager following the adoption of a new investment objective and policy.
Under the new objective and policy, the Company will target annualised total returns of at least 4% above the CPI measured over rolling 5 year periods. The total return will include annual
dividends, paid quarterly, of approximately 3% of NAV.
The investment approach includes three core strategies, comprising special investments, allocations to specialist funds managed by 3rd parties and a focused portfolio of listed
equities. Following the general meeting, the transition to the new portfolio commenced with the sale of the UK equity portfolio and purchase of direct equities. The transition will be largely complete by 1 March 2023.
Allocation
Direct Equities | 41.4% |
Global Equity Fund | 28.2% |
Tortoise Fund | 18.4% |
International Equity Fund | 8.2% |
Liontrust PLC | 3.0% |
Corporate Cash and Other | 0.8% |
Objective
The Company's investment objective is both to deliver long-term capital growth whilst preserving shareholders' capital and to pay a regular dividend.
Monthly Performance
The NAV (debt at fair value) Total Return increased by 7.5%.
The Share Price Total Return increased by 4.9%.
Key Facts
Share Price | 197.00p |
NAV per Share | 252.06p |
(debt at par value) | |
NAV per Share | 250.73p |
(debt at fair value) | |
(Discount) / Premium | (21.84%) |
(debt at par value) | |
(Discount) /Premium | (21.43%) |
(debt at fair value) | |
Market Capitalisation | £104.4m |
Total Assets | £154.4m |
Debt at par value | £20.8m |
Debt at fair value | £21.5m |
Ticker | MAJE.LN |
Sector | Flexible |
Financial Year End | 30 September |
Interim dividend | 4.40p |
declared for 31.03.22 |
NAV and Total Shareholder Return^
300.00 | NAV (debt at fair value) | |
280.00 | Share Price | |
260.00
240.00
220.00
200.00
180.00
160.00 Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23
Final dividend | 6.00p |
declared for the year | |
to 30.09.22 | |
Dividend payable | January, June |
AGM | January |
Shares in issue | 52,998,795 |
Majedie Investments PLC
1 King's Arms Yard
London
EC2R 7AF
Tel : 0207 328 8170
Email: william.barlow@majedieinvestments.com
Authorised and regulated by the Financial Conduct Authority www.majedieinvestments.com
Total Return % | 1 Month to | FY-to-Date | Year to 30 | Year to 30 Year to 30 Year to 30 Year to 30 Year to 30 Year to 30 Year to 30 | ||||||
31 January | (30/09/22 to | Sep | Sep | Sep | Sep | Sep | Sep | Sep | ||
(Year End 30 Sept) | 2023^ | 31/01/23)^ | Sep 2022^ | 2021^^ | 2020^^ | 2019^^ | 2018^^ | 2017^^ | 2016^^ | 2015^^ |
Net Asset Value* | 7.5 | 17.3 | (18.2) | 22.2 | (10.9) | (9.9) | 2.7 | 12.6 | 16.3 | 13.0 |
Share Price | 4.9 | 24.3 | (24.9) | 37.1 | (27.6) | (3.5) | 2.1 | 13.0 | 3.0 | 15.7 |
70% FTSE UK All Share/ 30% MSCI ACW(£) | 4.6 | 11.7 | (4.1) | 26.2 | (10.0) | 4.1 | 8.0 | 12.8 | 21.4** | (1.2)** |
* Debt at fair value. | ||||||||||
**Consists of the FTSE UK All Share at 70% and the FTSE World Ex UK at 30%. | ||||||||||
^ Based on daily NAV's released to the market. | ||||||||||
^^NAV Total Return percentages are based on the NAVs in the Report and Accounts. | 1 |
Top 5 Investments^ in Liontrust Funds
Novo Nordisk A/S | 1.1% |
MercadoLibre Inc | 1.0% |
Samsung SDI Co Ltd | 0.9% |
Thales SA | 0.9% |
Microsoft Corporation | 0.9% |
^Prepared on a look through basis across all funds.
Top 5 Investments (excl Liontrust Funds)
iShares MSCI World GBP Hedged | 13.2% |
UCITS ETF (Acc) | |
Liontrust PLC | 3.0% |
Alight Inc | 1.7% |
Adobe Inc | 1.5% |
Howmet Aerospace Inc | 1.5% |
(Discount) / Premium (debt at fair value)
5.0 |
0.0 |
(5.0) |
(10.0) |
(15.0) |
(20.0) |
(25.0) |
(30.0) |
Discount or premium percentages are based on the Company's NAVs as released to the market.
Disclaimer
The contents of this fact sheet have been issued and approved on 23 February 2023 by Majedie Investments PLC, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA) as a self managed AIF. Majedie Investments believes that the information contained on this fact sheet is accurate at the date of publication, but accepts no liability for inaccuracy. It may be changed without prior notice. You should always bear in mind that: the value of investments may fluctuate; past performance is not a guarantee to future returns; the price of shares, and any income from them, can go down as well as up and you may not get back the full amount invested; any tax concessions are not guaranteed and may change at any time and their value will depend on your individual circumstances; the price of the shares in investment trusts is determined by supply and demand and is therefore not necessarily the same as the value of the underlying assets; there is a currency risk when an underlying asset is acquired which is a non-sterling asset; the value of the asset may be offset by a depreciation of the currency of denomination of the asset against sterling, and vice versa; in a building society or bank account your money is highly secure, whereas in a stock market based investment it is exposed to a degree of risk.
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Majedie Investment plc published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 17:13:35 UTC.
