Declared Dividend • Jun 18
Dividend of UK£0.07 announced Shareholders will receive a dividend of UK£0.07. Ex-date: 2nd July 2026 Payment date: 31st July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (5% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 30
B.P. Marsh & Partners plc Appoints Rebecca Shelley as Non-Executive Director and Chair, Effective May 26, 2026 Liontrust Asset Management Plc announced it had been informed that Rebecca Shelley, Senior Independent Director of the Company, had been appointed as a Non-executive Director and Chair of B.P. Marsh & Partners Plc, with effect from May 26, 2026. Liontrust Asset Management Plc announced that as a result of this additional board appointment, Ms Shelley did not intend to stand for re-election as a Non-executive Director at the Company's AGM in September 2026. Ms Shelley would continue in her role as Senior Independent Director until the AGM. Reported Earnings • May 27
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: UK£1.33 (down from UK£2.70 in FY 2025). Revenue: UK£62.7m (down 46% from FY 2025). Net income: UK£48.2m (down 52% from FY 2025). Profit margin: 77% (down from 86% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended July 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. High level of non-cash earnings (54% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported July 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Ankündigung • Apr 17
B.P. Marsh & Partners plc Intends to Pay Special Dividend in the Financial Year Ending 2028 B.P. Marsh & Partners PLC announced its intention to return a total of £2.0 million to shareholders in the Financial Year ending 2028 by way of special dividend, subject to Board approval. The intended £2.0 million special dividend would increase total dividends in the Financial Year ending 2028 to £7.0 million. Ankündigung • Apr 04
B.P. Marsh & Partners PLC (AIM:BPM) acquired an additional 2% stake in Pantheon Specialty Group Limited from Robert Dowman and Michael Lee for approximately £280 million. B.P. Marsh & Partners PLC (AIM:BPM) acquired an additional 2% stake in Pantheon Specialty Group Limited from Robert Dowman and Michael Lee for approximately £280 million on April 2, 2026. The consideration is based on an equity valuation of £275 million. The increased shareholding reflects the B.P. Marsh & Partners PLC's continued confidence in Pantheon and its ability to deliver sustained growth and attractive returns. The transaction is financed through from the B.P. Marsh & Partners PLC's existing cash reserves. On completion, B.P. Marsh & Partners PLC will hold 41% stake in Pantheon Specialty Group Limited. For the period ending December 31, 2025, Pantheon Specialty Group Limited reported total revenue of £23.8 million.
Charles Leigh-Pemberton, Peter Steel and James Todd of Singer Capital Markets Advisory LLP acted as financial advisor to B.P. Marsh & Partners PLC.
B.P. Marsh & Partners PLC (AIM:BPM) completed the acquisition of an additional 2% stake in Pantheon Specialty Group Limited from Robert Dowman and Michael Lee on April 2, 2026. Ankündigung • Mar 19
Sodalis Capital Limited acquired Amiga Speciality Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) and others for £1.8 million. Sodalis Capital Limited acquired Amiga Speciality Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) and others for £1.8 million on March 17, 2026. The purchase price is an initial consideration of £1.8 million. At completion, B.P. Marsh will receive the £0.706 million in cash for its 39.24% shareholding, having invested a nominal amount; and repayment in full of its outstanding loan facility to Amiga of £1.825 million. In addition, the sellers (including B.P. Marsh) may receive deferred consideration, contingent upon Amiga's performance over the financial years ending December 2027 and 2028. B.P. Marsh's share of any deferred consideration will be pro rata to its existing shareholding in Amiga. As part of the acquisition, Dan Topping has resigned from his role as nominee director on the board of Amiga but remains on the board of Sodalis. Colin Thompson will join the Amiga Specialty Group board and Adam Kembrooke will join the Sodalis Group board. While BP Marsh will exit as a shareholder of Amiga, it remains a key shareholder of Sodalis and therefore continues its support of Amiga Specialty. In addition, Amiga Specialty will continue to operate under its existing leadership team and brand, maintaining the entrepreneurial culture that has underpinned its early success.
Charles Leigh-Pemberton and Peter Steel of Singer Capital Markets Advisory LLP acted as financial advisor for B.P. Marsh & Partners PLC.
Sodalis Capital Limited completed the acquisition of Amiga Speciality Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) and others on March 17, 2026. New Risk • Mar 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. High level of non-cash earnings (54% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Feb 28
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 05 March 2026. Payment date: 27 March 2026. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of British dividend payers (5.2%). Higher than average of industry peers (3.0%). Ankündigung • Feb 24
B.P. Marsh & Partners PLC to Report Fiscal Year 2026 Results on May 27, 2026 B.P. Marsh & Partners PLC announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on May 27, 2026 Upcoming Dividend • Jan 23
Upcoming dividend of UK£0.07 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 27 February 2026. Payout ratio is a comfortable 2.4% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (5.4%). In line with average of industry peers (3.0%). Ankündigung • Dec 16
B.P. Marsh & Partners plc Announces Special Dividend, Payable on March 27, 2026 B.P. Marsh & Partners PLC announced its intention to declare a Special Dividend of £8.0 million, equating to 22.33 pence per share. The Special Dividend of circa 22.33 pence per share will be payable on 27 March 2026 to shareholders on the Register as at 6 March 2026. The associated ex-dividend date will be 5 March 2026. Reported Earnings • Oct 22
First half 2026 earnings released: EPS: UK£0.86 (vs UK£0.72 in 1H 2025) First half 2026 results: EPS: UK£0.86 (up from UK£0.72 in 1H 2025). Revenue: UK£36.1m (up 11% from 1H 2025). Net income: UK£31.6m (up 19% from 1H 2025). Profit margin: 87% (up from 82% in 1H 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 07
B.P. Marsh & Partners PLC to Report First Half, 2026 Results on Oct 21, 2025 B.P. Marsh & Partners PLC announced that they will report first half, 2026 results on Oct 21, 2025 New Risk • Jun 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Jun 12
Dividend of UK£0.068 announced Shareholders will receive a dividend of UK£0.068. Ex-date: 26th June 2025 Payment date: 25th July 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 11
Full year 2025 earnings released: EPS: UK£2.70 (vs UK£1.15 in FY 2024) Full year 2025 results: EPS: UK£2.70 (up from UK£1.15 in FY 2024). Revenue: UK£115.2m (up 125% from FY 2024). Net income: UK£99.5m (up 134% from FY 2024). Profit margin: 86% (up from 83% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 11
B.P. Marsh & Partners plc Proposes Final Dividend Declaration, Payable on 25 July 2025 B.P. Marsh & Partners Plc has proposed a dividend of 6.78 pence per share (the "Dividend"), which will be recommended to shareholders at the upcoming Annual General Meeting on 17th July 2025. If approved by shareholders at the upcoming Annual General Meeting on 17th July 2025, the Dividend will be paid on 25th July 2025, to all shareholders on the register of members on 27th June 2025. The ex-dividend date is 26th June 2025. Ankündigung • Jun 10
B.P. Marsh & Partners PLC, Annual General Meeting, Jul 17, 2025 B.P. Marsh & Partners PLC, Annual General Meeting, Jul 17, 2025. Price Target Changed • Jun 10
Price target increased by 38% to UK£7.98 Up from UK£5.78, the current price target is an average from 2 analysts. New target price is 25% above last closing price of UK£6.40. Stock is up 29% over the past year. The company posted earnings per share of UK£1.15 last year. Ankündigung • Jun 04
B.P. Marsh & Partners PLC to Report Fiscal Year 2025 Results on Jun 10, 2025 B.P. Marsh & Partners PLC announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Jun 10, 2025 New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended July 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 24
Upcoming dividend of UK£0.081 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 8.5% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (2.8%). Ankündigung • Apr 18
B.P. Marsh & Partners PLC (AIM:BPM) announces an Equity Buyback for £2 million worth of its shares. B.P. Marsh & Partners PLC (AIM:BPM) announces a share repurchase program. Under the program, the company has entered into an agreement with Singer Capital Markets to repurchase up to £2 million worth of its shares. The purpose of the program is to reduce the company's share capital. The maximum price to be paid per Ordinary Share will be no more than the higher of 5% above the average middle market quotations for an Ordinary Share (as derived from the AIM Appendix to the London Stock Exchange Daily Official List) for the five business days immediately prior to the day the purchase is made and the higher of the price of the last independent trade and the highest current independent purchase bid for Ordinary Shares on the trading venue where the purchase is carried out. The repurchased shares will be held in treasury for later reissue or cancellation. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to UK£6.30. The fair value is estimated to be UK£8.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 40%. Ankündigung • Feb 24
B.P. Marsh & Partners plc Intents to Pay Dividend of the Financial Years Ending 31 January 2026, 2027 and 2028 B.P. Marsh & Partners PLC announced the Company's intention to pay a dividend of at least £5.0 million per annum in each of the financial years ending 31 January 2026, 2027 and 2028, subject always to the Board's right to recommend an increased or decreased Final Dividend, for example in the event of significant realisations or capital commitments. New Risk • Feb 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£751k sold). Buy Or Sell Opportunity • Feb 03
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at UK£6.75. The fair value is estimated to be UK£8.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 40%. Ankündigung • Jan 23
B.P. Marsh & Partners PLC Declares Interim Dividend, Payable on 28 February 2025 B.P. Marsh & Partners Plc is declaring an Interim Dividend of 6.78 pence per share (the "Interim Dividend"). The Interim Dividend of 6.78 pence per share will be payable on 28 February 2025 to all Shareholders on the Register on 31 January 2025. The associated ex-dividend date is 30 January 2025. Buy Or Sell Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock has risen 24% to UK£6.85. The fair value is estimated to be UK£8.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 40%. Recent Insider Transactions • Jan 08
Chief Investment Officer & Director recently sold UK£139k worth of stock On the 3rd of January, Daniel Topping sold around 19k shares on-market at roughly UK£7.41 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£605k more than they bought in the last 12 months. Recent Insider Transactions • Nov 15
Chief Investment Officer & Director recently sold UK£73k worth of stock On the 11th of November, Daniel Topping sold around 10k shares on-market at roughly UK£7.00 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£180k more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 13
Now 24% undervalued Over the last 90 days, the stock has risen 17% to UK£6.63. The fair value is estimated to be UK£8.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 40%. Ankündigung • Oct 31
B.P. Marsh & Partners PLC acquired additional 5% stake in Pantheon Specialty Limited for £12.5 million. B.P. Marsh & Partners PLC agreed to acquire additional 5% stake in Pantheon Specialty Limited for £12.5 million on October 30, 2024.
B.P. Marsh & Partners PLC completed acquisition of additional 5% stake in Pantheon Specialty Limited on October 30, 2024. Ankündigung • Oct 30
Clear Insurance Management Limited agreed to acquire Lilley Plummer Risks Limited from B.P. Marsh & Partners PLC (AIM:BPM) and others. Clear Insurance Management Limited agreed to acquire Lilley Plummer Risks Limited from B.P. Marsh & Partners PLC (AIM:BPM) and others on October 29, 2024. A cash consideration of £21.65 million will be paid by Clear Insurance Management Limited for the 28.4% stake sold by B.P. Marsh & Partners PLC (AIM:BPM). The Board of B.P. Marsh intends to continue to strike a balance between utilising funds for investment for long-term capital growth opportunities across the existing portfolio and new ventures, whilst providing shareholders with a meaningful ongoing return. Abigail Benson, B.P. Marsh & Partners Plc nominee director on the board of Lilley Plummer Risks, will resign from this role on completion of the sale.
Atholl Tweedie, Amrit Mahbubani and Ailsa MacMaster of Panmure Liberum Limited acted as financial advisor for B.P. Marsh & Partners PLC. Reported Earnings • Oct 24
First half 2025 earnings released: EPS: UK£0.72 (vs UK£0.43 in 1H 2024) First half 2025 results: EPS: UK£0.72 (up from UK£0.43 in 1H 2024). Revenue: UK£32.5m (up 74% from 1H 2024). Net income: UK£26.6m (up 71% from 1H 2024). Profit margin: 82% (down from 83% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 05
B.P. Marsh & Partners Plc Announces Chief Finance Officer Changes B.P. Marsh & Partners Plc announced that Jonathan Newman has resigned as Group Finance Director with immediate effect. After a successful 25 year tenure at the Company, Jon has decided to take a break in order spend some much needed time with his family before embracing his next challenge. Francesca Chappell née Lowley has been appointed as Chief Finance Officer (a non-Board appointment) with immediate effect. Fran has been working alongside Jon since January 2013, and qualified as a Chartered Accountant in July 2018, becoming a Fellow in August 2023 and she will continue to serve on the board of the Company's operating subsidiary B.P. Marsh & Company Limited, which she has done since June 2018. Declared Dividend • Jun 13
Fourth quarter dividend of UK£0.054 announced Shareholders will receive a dividend of UK£0.054. Ex-date: 27th June 2024 Payment date: 26th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.3%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 3%. Ankündigung • Jun 13
B.P. Marsh & Partners PLC Recommends Final Dividend, Payable on 26 July 2024 The Group of B.P. Marsh & Partners PLC is recommending a final dividend of 5.36 pence per share (£2.0 million) to be paid on 26 July 2024 to all shareholders on the register on 28 June 2024, with the ex-dividend date being 27 June 2024. This final dividend will be subject to Shareholder Approval at the Group's Annual General Meeting to be held on 23 July 2024. Reported Earnings • Jun 12
Full year 2024 earnings released: EPS: UK£1.15 (vs UK£0.66 in FY 2023) Full year 2024 results: EPS: UK£1.15 (up from UK£0.66 in FY 2023). Revenue: UK£51.2m (up 58% from FY 2023). Net income: UK£42.5m (up 78% from FY 2023). Profit margin: 83% (up from 74% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • May 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended July 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported July 2023 fiscal period end). Upcoming Dividend • Mar 28
Upcoming dividend of UK£0.027 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 4.0% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.1%). Ankündigung • Mar 25
Specialist Risk Group Limited completed the acquisition of Paladin Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM). Specialist Risk Group Limited agreed to acquire Paladin Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) for £48 million on December 7, 2023. Upon completion, the company expects to receive at least £42.1 million in cash (net of all transaction costs) plus repayment in full of its £5.9 million loans to Paladin, an aggregate cash receipt of £47.7m. The subject to certain conditions including regulatory approval being granted. Atholl Tweedie, Stephen Jones, Amrit Mahbubani, Ailsa MacMaster from Panmure Gordon & Co Limited acted as financial advisors to B.P. Marsh & Partners PLC (AIM:BPM).
Specialist Risk Group Limited completed the acquisition of Paladin Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) on March 25, 2024. Ankündigung • Feb 07
B.P. Marsh & Partners plc Declares Interim Dividend, Payable on 18 March 2024 B.P. Marsh & Partners Plc declared an interim dividend of 2.68 pence per share (£1.0 million) covering the period from 1st February 2023 to 31st January 2024. The Interim Dividend will be paid on 18th March 2024 to all Shareholders on the Register as at 16th February 2024. Buy Or Sell Opportunity • Feb 02
Now 21% undervalued Over the last 90 days, the stock has risen 12% to UK£4.16. The fair value is estimated to be UK£5.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 27%. Ankündigung • Dec 07
Specialist Risk Group Limited agreed to acquire Paladin Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM). Specialist Risk Group Limited agreed to acquire Paladin Holdings Limited from B.P. Marsh & Partners PLC (AIM:BPM) for £47.7 million on December 7, 2023. Upon completion, the company expects to receive at least £41.8m in cash (net of all transaction costs) plus repayment in full of its £5.9m loans to Paladin, an aggregate cash receipt of £47.7m. The subject to certain conditions including regulatory approval being granted. Price Target Changed • Oct 19
Price target increased by 11% to UK£5.44 Up from UK£4.88, the current price target is an average from 2 analysts. New target price is 47% above last closing price of UK£3.71. Stock is up 22% over the past year. The company posted earnings per share of UK£0.66 last year. Reported Earnings • Oct 18
First half 2024 earnings released: EPS: UK£0.43 (vs UK£0.39 in 1H 2023) First half 2024 results: EPS: UK£0.43 (up from UK£0.39 in 1H 2023). Revenue: UK£18.7m (down 1.2% from 1H 2023). Net income: UK£15.6m (up 10% from 1H 2023). Profit margin: 83% (up from 75% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Oct 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Ankündigung • Oct 17
B.P. Marsh & Partners PLC Provides dividend guidance, Payable around February 2024 and July 2024 B.P. Marsh & Partners PLC reminded its shareholders that the intention is to pay an aggregate dividend of £2.0m in 2024, via an interim dividend of £1.0m around February 2024 and a final dividend of £1.0m in July 2024 subject to Shareholder Approval, and to replicate this for the subsequent two financial years. Ankündigung • Oct 10
B.P. Marsh & Partners PLC Intends to Declare Special Dividend B.P. Marsh & Partners PLC announced the board intends to declare a special dividend of 2.78 pence per ordinary share at the time of the company's Interim Results on 17 October 2023, along with details of the proposed payment date. Ankündigung • Jun 30
B.P. Marsh & Partners PLC, Annual General Meeting, Jul 26, 2023 B.P. Marsh & Partners PLC, Annual General Meeting, Jul 26, 2023, at 10:00 Coordinated Universal Time. Location: 1 Cornh London United Kingdom Upcoming Dividend • Jun 22
Upcoming dividend of UK£0.014 per share at 0.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.3%). Reported Earnings • Jun 14
Full year 2023 earnings released: EPS: UK£0.66 (vs UK£0.49 in FY 2022) Full year 2023 results: EPS: UK£0.66 (up from UK£0.49 in FY 2022). Revenue: UK£32.4m (up 33% from FY 2022). Net income: UK£23.8m (up 36% from FY 2022). Profit margin: 74% (up from 72% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 14
B.P. Marsh & Partners PLC to Report Fiscal Year 2023 Results on Jun 13, 2023 B.P. Marsh & Partners PLC announced that they will report fiscal year 2023 results on Jun 13, 2023 Upcoming Dividend • Jan 19
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 26 January 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.4%). Ankündigung • Jan 19
B.P. Marsh & Partners PLC (AIM:BPM) commences an Equity Buyback for 3,746,600 shares, representing 10% of its issued share capital, under the authorization approved on July 25, 2022. B.P. Marsh & Partners PLC (AIM:BPM) commences share repurchases on January 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 25, 2022. As per the mandate, the company is authorized to repurchase up to 3,746,600 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company’s obligations under its employee share schemes. The authority shall expire at the earlier of, the conclusion of the next Annual General Meeting of the company or close of business on July 31, 2023. As of June 30, 2022, the company had 37,466,000 ordinary shares in issue and no ordinary shares in treasury.
On June 16, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to £1 million worth of its shares. The purpose of the program is to reduce the company's share capital outside of Treasury. The program will be financed through existing cash resources. Ankündigung • Jan 16
B.P. Marsh & Partners plc Proposes to Pay Interim Dividend, Payable on 28Th February 2023 The Board of B.P. Marsh & Partners PLC has agreed that this year the dividend will be paid in two instalments: an Interim Dividend of 1.39 pence per share (£0.5m) in February 2023 and the balance in July 2023 as a Final Dividend, subject to Shareholder Approval at the Company's next Annual General Meeting, expected to be held in July 2023 (the "2023 AGM"). The Interim Dividend of 1.39 pence per share will be payable on 28th February 2023 to all Shareholders on the Register on 27th January 2023. Recent Insider Transactions • Dec 28
Executive Chairman recently sold UK£1.6m worth of stock On the 22nd of December, Brian Marsh sold around 552k shares on-market at roughly UK£2.97 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Non Executive Director Nick Carter was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Nov 05
Price target increased to UK£4.81 Up from UK£4.27, the current price target is an average from 2 analysts. New target price is 58% above last closing price of UK£3.05. Stock is down 9.5% over the past year. The company posted earnings per share of UK£0.49 last year. Reported Earnings • Oct 20
First half 2023 earnings released: EPS: UK£0.39 (vs UK£0.16 in 1H 2022) First half 2023 results: EPS: UK£0.39 (up from UK£0.16 in 1H 2022). Revenue: UK£18.9m (up 137% from 1H 2022). Net income: UK£14.1m (up 139% from 1H 2022). Profit margin: 75% (in line with 1H 2022). Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the United Kingdom are expected to grow by 6.1%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 13
B.P. Marsh & Partners PLC to Report First Half, 2023 Results on Oct 18, 2022 B.P. Marsh & Partners PLC announced that they will report first half, 2023 results on Oct 18, 2022 Ankündigung • Jul 02
B.P. Marsh & Partners PLC, Annual General Meeting, Jul 25, 2022 B.P. Marsh & Partners PLC, Annual General Meeting, Jul 25, 2022, at 11:00 Coordinated Universal Time. Location: 1 Cornhill London United States Upcoming Dividend • Jun 23
Upcoming dividend of UK£0.028 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.5%). Reported Earnings • Jun 13
First half 2022 earnings released: EPS: UK£0.16 (vs UK£0.18 in 1H 2021) First half 2022 results: EPS: UK£0.16 (down from UK£0.18 in 1H 2021). Revenue: UK£7.97m (down 1.0% from 1H 2021). Net income: UK£5.89m (down 9.3% from 1H 2021). Profit margin: 74% (down from 81% in 1H 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 34% compared to a 8.7% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Jun 13
Price target increased to UK£4.07 Up from UK£3.70, the current price target is provided by 1 analyst. New target price is 36% above last closing price of UK£2.99. Stock is down 6.3% over the past year. The company posted earnings per share of UK£0.38 last year. Price Target Changed • Apr 27
Price target increased to UK£4.03 Up from UK£3.70, the current price target is provided by 1 analyst. New target price is 37% above last closing price of UK£2.94. Stock is down 0.3% over the past year. The company posted earnings per share of UK£0.38 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Chief Investment Officer & Director Dan Topping was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Feb 09
B.P. Marsh & Partners PLC to Report Fiscal Year 2022 Results on Jun 13, 2022 B.P. Marsh & Partners PLC announced that they will report fiscal year 2022 results on Jun 13, 2022 Ankündigung • Feb 08
B.P. Marsh & Partners plc Recommends Dividend for the Financial Year Ending January 31, 2022, Payable in July 2022 The Board of B.P. Marsh & Partners PLC has recommended a dividend of 2.78 pence per share (£1.0 million) for the financial year ending January 31, 2022 to be paid in July 2022, subject to Shareholder Approval at the Company's Annual General Meeting. This represents an increase of 13.9% over the dividend of 2.44 pence per share (£0.9 million) paid in respect of the prior year. It is the Board's aspiration to maintain a dividend of at least 2.78 pence per share for the years ending January 31, 2023 and January 31, 2024, subject to ongoing review and approval by the Board and the Company's shareholders, and the anticipated disposal of Summa completing on the agreed terms. Reported Earnings • Oct 21
First half 2022 earnings released: EPS UK£0.16 (vs UK£0.18 in 1H 2021) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: UK£7.97m (down 1.0% from 1H 2021). Net income: UK£5.89m (down 9.3% from 1H 2021). Profit margin: 74% (down from 81% in 1H 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Oct 19
Price target increased to UK£4.03 Up from UK£3.57, the current price target is provided by 1 analyst. New target price is 24% above last closing price of UK£3.25. Stock is up 25% over the past year. The company posted earnings per share of UK£0.38 last year. Reported Earnings • Jun 26
Full year 2021 earnings released: EPS UK£0.38 (vs UK£0.35 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£17.4m (up 4.3% from FY 2020). Net income: UK£13.7m (up 9.5% from FY 2020). Profit margin: 79% (up from 75% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 17
Upcoming dividend of UK£0.024 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 30 July 2021. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.6%). Reported Earnings • Jun 09
Full year 2021 earnings released: EPS UK£0.38 (vs UK£0.35 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£17.4m (up 4.3% from FY 2020). Net income: UK£13.7m (up 9.5% from FY 2020). Profit margin: 79% (up from 75% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Jun 08
Price target increased to UK£3.70 Up from UK£3.43, the current price target is provided by 1 analyst. New target price is 21% above last closing price of UK£3.06. Stock is up 39% over the past year. 