Marwyn Value Investors Limited releases its annual financial report for 2024, highlighting strong performance across its portfolio companies. The companys Ordinary Share NAV Total Return increased by 19.4%, with £5 million (9.06p per share) paid in dividends. The report also mentions the completion of the initial platform acquisition for InvestAcc Group, the acquisition of Vodafone Spain by Zegona, and the strong operational performance of AdvancedAdvT, Le Chameau, and Palmer. The companys net assets attributable to ordinary shares are £111 million, with a net asset value per ordinary share of 200.3p. The companys CIO, James Corsellis, has increased his shareholding to over 11%, demonstrating increased manager alignment. The outlook for 2025 is positive, with the company well-positioned to deliver value to shareholders.
- Ordinary share NAV Total Return of +19.4% with £5m (9.06p per share) paid in dividends. Ordinary Share Price Total Return of +26.6%
- £111m net assets attributable to ordinary shares (net asset value per share ordinary share of 200.3p)
- AdvancedAdvT: FY25 Adjusted EBITDA expected to materially exceed expectations
- Zegona: completion of €5bn acquisition of Vodafone Spain; progression of strategic FibreCo transactions expected to unlock substantial cost savings.
- InvestAcc: platform acquisition for £41.5m; subsequent acquisition of a book of SIPP and SSAS customers for a maximum of £25m, financed by a long-term debt facility.
- Le Chameau: ongoing strategic brand repositioning and collaborations, resulting in double-digit revenue growth in core product lines
- Palmer: expansion into new markets and ongoing client onboarding
- Zegona: acquisition of Vodafone Spain
- AdvancedAdvT: acquisition of its platform business in August