Due to the current Covid-19 pandemic, B.P Marsh & Partners the Group, having taken into consideration its available cash resources and liquidity, and the potential requirements from the investment portfolio, has agreed to declare a dividend of £0.8m (or 2.22p per share), payable on 31 July 2020 to those shareholders registered on 26th June 2020. This dividend represents a distribution of 100% of the underlying realised profits of the business for the year to 31 January 2020.
Other financial highlights include:
Net Asset Value increased by £10.7m to £136.9m (31 January 2019: £126.2m), an 8.5% increase, net of Dividend
Net Asset Value per share increased by 29.8p to 380.1p (31 January 2019: 350.3p)
Total Shareholder return of 9.8% for the year including the Dividend paid in July 2019
Net Asset Value average annual compound growth rate of 8.5% during the year, compares to an average of 8.1% per annum since flotation and 11.8% since 1990 (net of Dividends and the cash proceeds of Placings)
Consolidated profit after tax of £12.5m (31 January 2019 restated: £12.4m). This constitutes an increase of 3.4% excluding one-off items of £0.4m
Two new investments; Agri Services Company PTY Limited in Sydney and Lilley Plummer Risks Limited in London