Market's view on B.p Marsh
Published on April 2024
- Concerns about the effectiveness of the current dividend policy and its attractiveness to shareholders.
- Discussion on the significant cash reserves held by the company and speculation on potential uses including investments and enhancing shareholder returns.
- Positive reflections on recent sales generating substantial cash above book value, which could positively impact NAV per share.
- Mention of a high internal rate of return from recent business disposals reflecting well on the company’s investment strategy.
- Questions raised about the market’s tepid response to seemingly positive financial developments.
- Discussion on the management’s balance in using sales proceeds for reinvestment versus shareholder returns.
- Details of a specific significant sale involving Paladin Holdings Limited and its positive financial implications.
- Speculation on future business strategies following cash influx from business sales.
- Review of company’s track record in increasing dividends and investing in new ventures.
- Commentary on operational strategies aiming for capital growth and meaningful shareholder returns.