Added to YB: 2025-05-05
Pitch date: 2025-04-30
MERC.L [bullish]
Mercia Asset Management PLC
+4.52%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, venture debt, loan, mezzanine, seed EIS, early stage, emerging growth, mid venture, late venture, later stage, buyout, and growth capital investments.
Market Cap
GBP 126.8M
Pitch Price
GBP 0.28
Price Target
0.39 (+32%)
Dividend
3.22%
EV/EBITDA
12.81
P/E
36.88
EV/Sales
2.49
Sector
Capital Markets
Category
growth
Lots to like at Merc
MERC.L: Asset mgmt in UK regions with £1.84B AUM + £121M direct holdings. 81% recurring revenue, FY25 EBITDA 'materially ahead' at £5.4M for fund mgmt. Strategy: expand AUM to £3B (added £250M in Q1 2025), reduce direct investments 70% by 2027. Potential 33% upside as portfolio realizations typically exceed NAV. Christopher Mills took 3%+ position.
Read full article (5 min)