Net Asset Value - 2021 Realisation Shares
Source: RNS
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
LEI: 213800L5751QTTVEA774
14 October 2024
Marwyn Value Investors Limited
Net Asset Value per 2021 Realisation Share
The board of directors of Marwyn Value Investors Limited (the "Company") today announces that the estimated net asset value ("NAV") per 2021 realisation share of the Company based on the estimated value of its interests in Marwyn Value Investors L.P. is £2.12199 as at 30 September 2024. As at 30 September 2024 there were 360,482 2021 realisation shares in issue.
As at 30 September 2024 the closing mid share price of a 2021 realisation share in the Company was £1.00000 and represented a discount of 52.87% to the NAV per 2021 realisation share.
Historic NAV Performance
|
|
Estimated NAV per share (£) |
Movement over Month (%) |
Year to date Movement (%) |
Inception to date shareholder total return (%)1 |
Shareholder total return from creation of class (%)2 |
|
2024:
|
|
|
|
|
|
|
September 30 |
2.12199 |
-0.6 |
+9.9 |
+222.3 |
+19.4 |
|
August 31 |
2.13400 |
-0.4 |
+10.6 |
+224.1 |
+20.0 |
|
July 31 |
2.14304 |
+2.7 |
+11.0 |
+225.5 |
+20.5 |
|
June 30 |
2.08713 |
-0.8 |
+8.1 |
+217.0 |
+17.4 |
|
May 31 |
2.10477 |
+3.0 |
+9.1 |
+219.7 |
+18.4 |
|
April 30 |
2.04436 |
+0.6 |
+5.9 |
+210.5 |
+15.0 |
|
March 31 |
2.03206 |
+1.7 |
+5.3 |
+208.6 |
+14.3 |
|
February 29 |
1.99787 |
+2.4 |
+3.5 |
+203.4 |
+12.4 |
|
January 31 |
1.95044 |
+1.1 |
+1.1 |
+196.2 |
+9.7 |
|
|
|
|
|
|
|
|
2023:
|
|
|
|
|
|
|
December 31 |
1.93000 |
+5.1 |
+4.2 |
+193.1 |
+8.6 |
|
November 30 |
1.83619 |
+0.9 |
-0.9 |
+178.9 |
+3.3 |
|
October 31 |
1.82070 |
-0.1 |
-1.7 |
+176.5 |
+2.4 |
|
September 30 |
1.82201 |
-0.1 |
-1.7 |
+176.7 |
+2.5 |
|
August 31 |
1.82456 |
+1.6 |
-1.5 |
+177.1 |
+2.6 |
|
July 31 |
1.79628 |
-0.2 |
-3.0 |
+172.8 |
+1.0 |
|
June 30 |
1.80051 |
-0.2 |
-2.8 |
+173.5 |
+1.3 |
|
May 31 |
1.80342 |
+1.2 |
-2.7 |
+173.9 |
+1.4 |
|
April 30 |
1.78236 |
-0.4 |
-3.8 |
+170.7 |
+0.3 |
|
March 31 |
1.78897 |
-3.9 |
-3.4 |
+171.7 |
+0.6 |
|
February 28 |
1.86226 |
+0.5 |
+0.5 |
+182.8 |
+4.7 |
|
January 31 |
1.85347 |
+0.0 |
+0.0 |
+181.5 |
+4.3 |
NAV Allocation
Based upon the Company's indirect investments, the estimated allocation of the 2021 realisation share NAV is:
|
2021 Realisation Shares |
Total Value (£m)3 |
NAV/pence per 2021 Realisation Share |
% of NAV |
|
Investment Portfolio |
|
|
|
|
Quoted investments |
|
|
|
|
AdvancedAdvT |
0.13 |
37.0 |
17.4% |
|
InvestAcc Group Limited5 |
0.14 |
37.6 |
17.7% |
|
Marwyn Acquisition Company III |
0.04 |
10.3 |
4.8% |
|
Zegona Communications |
0.11 |
29.8 |
14.0% |
|
450 |
0.03 |
8.9 |
4.2% |
|
Unquoted investments |
|
|
|
|
Le Chameau4 |
0.18 |
49.6 |
23.5% |
|
Total Value |
0.62 |
173.2 |
81.6% |
|
Cash |
0.20 |
56.5 |
26.6% |
|
Other assets / liabilities |
(0.06) |
(17.5) |
(8.2)% |
|
Net Asset Value |
0.76 |
212.2 |
100.0% |
Notes
1Inception to date shareholder total return is calculated based on the ordinary share performance up to the date the ordinary shares were converted to 2021 realisation shares on 30 November 2021, then movement in total shareholder value, including all distributions made to 2021 realisation shareholders from that date.
2Shareholder total return from creation of class is calculated as the movement in total shareholder value, including all distributions made to 2021 realisation shareholders since the creation of the 2021 realisation shares on 30 November 2021.
3Portfolio investments are held at fair value in accordance with International Financial Reporting Standards ("IFRS"). Quoted investments with sufficient volume and frequency of trading to constitute an 'active market' under IFRS are held at their listed price on the valuation date. Unquoted investments, and quoted investments where there is no active market, are valued in accordance with International Private Equity and Venture Capital guidelines on a quarterly basis or whenever there is a material change in the investment which would indicate a significant change in valuation.
4The investment in Le Chameau is held through Silvercloud Holdings Limited ("Silvercloud"), with the value allocated to Le Chameau being the value attributable to each share class of Marwyn Value Investors L.P.'s holding in Silvercloud.
5Effective 9 October 2024, Marwyn Acquisition Company II Limited changed its name to InvestAcc Group Limited.
Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.
Enquiries to:
Marwyn Value Investors Limited
Scott Danks
scottdanks@marwyn.com
Company secretary - Aztec Financial Services (Jersey) Limited
marwyn@aztecgroup.co.uk
Aztec Group House
PO Box 730
IFC6, The Esplanade
St Helier
Jersey JE4 0QH
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