FINAL RESULTS FOR THE YEAR TO 31 JANUARY 2019
B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, announces its audited Group final results for the year to 31 January 2019.
The highlights of the results are:
· Net Asset Value of £126.2m (31 January 2018: £98.9m), a 10.0% increase, net of Dividend and £16.6m net cash raised through the Placing and Open Offer in July 2018
· Total Shareholder return of 11.7% for the year including the Dividend paid in July 2018
· Net Asset Value per share increased to 350p (31 January 2018: 339p)
· Net Asset Value average annual compound growth rate of 11.9% since 1990 (net of Dividends and Placing cash)
· Consolidated profit after tax of £12.5m (31 January 2018: £20.2m, or £10.8m excluding one-off items). Up 16% excluding one-off items
· Increase in the Equity Value of the portfolio of 16.1% to £101.9m (31 January 2018 £79.1m)
· Final Dividend of 4.76p per share declared (31 January 2018: 4.76p), payable in July 2019
· Cash and treasury funds balance of £7.9m at year end, of which £1.5m remains uncommitted
· New investment in Australia, ATC Insurance Solutions PTY Ltd
· Additional investments in Nexus and XPT and provision of follow-on funding to Nexus
· Continued strong opportunity pipeline
· Share price increase of c.11% in the year and c.113% over five years
“We are pleased to have produced a good overall performance in an uncertain macro environment, which is testament to our developing investment portfolio and the tenacity of our team.“
Brian Marsh OBE, Chairman