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MIDAS SHARE TIPS UPDATE: Shares in our tip BP Marsh have almost doubled in just over a year By JOANNE HART Updated: 16:50 EST, 23 November 2024 e-mail View comments Dedicated: BP Marsh founder Brian Marsh is helping firms grow As an 83-year-old board director, Ken Davy is unusual but he is certainly not the only octogenarian on the stock market. BP Marsh chairman Brian Marsh is also 83, as sharp as a tack, and still arrives for work between 7am and 7.15am four days a week. His dedication pays dividends, not just for him, as a 38 per cent shareholder, but to every investor in the business. BP Marsh invests in up-and-coming insurance firms, acquiring small stakes for up to £5 million apiece, helping these companies to grow and reaping the benefits when they are sold to larger players. Marsh has spent almost 60 years in the insurance industry and his father was in the market before him, working on the old Lloyd's of London floor in the City. Networks are important in this industry and, with a new generation of experienced staffers, BP Marsh is well known for helping young businesses to prosper and grow. Recent transactions prove the point. In 2019, BP Marsh bought a 30 per cent stake in new broking firm Lilley Plummer Risks for £1 million, £700,000 was repaid in 2023, and late last month, Marsh sold its holding for £21.65 million. Earlier this year, the group completed another sale, this time for £44 million after an initial investment of just over £4 million seven years ago. Today, BP Marsh has around £100 million on its balance sheet and has just told investors that it will be increasing annual dividend payments from £4 million to £5 million in 2026 and 2027, equivalent to 13.4p a share a year. The group has also pledged to give shareholders another £5 million on top of any dividends paid out in 2028. RELATED ARTICLES Previous 1 Next MIDAS SHARE TIPS: BP Marsh invests in up-and-coming... It's time to bag an investment trust bargain - our experts... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Business is brisk. BP Marsh does not have to look for deals. Entrepreneurs come to the firm, knowing its reputation as a supportive backer of small businesses. There have been five transactions this year alone, including two last month – new Lloyd's of London broker SRT, and Volt, which specialises in energy insurance for both renewable and fossil-fuel plants. Marsh does not take on insurance risk himself. Instead, his firm focuses on middle-men, such as brokers and underwriting agencies. That means the company is less vulnerable to losses from events such as Hurricane Helene and Milton, which devastated parts of the United States earlier this year. Marsh's portfolio could even benefit from these catastrophes, if they provoke an increase in commercial insurance prices. Midas verdict: Midas recommended BP Marsh in June 2023, when the shares were £3.76. They have almost doubled since then to £7. Investors may choose to take some profits now but it would be unwise to sell out completely. Generous dividends are in store and Marsh shows no sign of slowing down. A strong hold. Traded on: Aim Ticker: BPM Contact: bpmarsh.co.uk DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: MIDAS SHARE TIPS UPDATE: Shares in our tip BP Marsh have almost doubled in just over a year e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top stories
Top Stories Australia’s New Immigration Policy Targets Skilled Workers By mayukh - December 7, 2024 Australia has introduced a new immigration policy that prioritizes skilled workers and professionals in industries facing labor shortages. On December 7, 2024, Prime Minister Anthony Albanese announced that the government would increase the number of skilled worker visas issued annually, focusing on sectors such as healthcare, information technology, and engineering. Addressing Labor Shortages in Key Sectors The policy is aimed at addressing Australia’s growing labor shortage, which has been exacerbated by the COVID-19 pandemic and a shrinking domestic workforce. By attracting highly skilled migrants, the government hopes to support economic recovery and innovation, particularly in sectors vital to Australia’s future. “We need workers with the right skills to help our economy grow and to meet the demands of the 21st-century job market,” said Albanese. “This new policy will help ensure that Australia remains competitive globally.” The new immigration system will also streamline the visa application process for workers in high-demand fields, reducing the wait times for applicants and offering pathways to permanent residency. Additionally, the policy includes a focus on providing workers with support services to help them integrate into Australian society more easily. Critics of the policy argue that it may disadvantage Australian workers who are currently unemployed or underemployed, raising concerns about fairness in the labor market. Others have raised questions about the long-term impact of increased immigration on housing prices and public services. Facebook Twitter Pinterest WhatsApp Linkedin ReddIt Email Telegram Previous article US Congress Passes $1 Trillion Infrastructure Investment Bill mayukh http://digitalmarketnews.comThe inscriptions on the wooden tablets are a mix of Chinese characters and Korean words, indicating the influence of Chinese culture and literature on Korea during that period. The tablets are well-preserved and offer a glimpse into the writing system and calligraphy style of the time, showcasing the sophistication and skill of the scribes who created them.
Just as a power plant harnesses the forces of nature to generate electricity, Jack Ma and Fan Luyuan harness the forces of entrepreneurship and enterprise to power the engine of Alibaba Group. Their collaborative efforts have not only propelled the company to great heights but have also inspired a new generation of business leaders to think outside the box and embrace the challenges of the future.As Himalaya gears up for its initial public offering (IPO), the timing couldn't be better. The current market environment is highly favorable for audio-focused companies, as investors are increasingly recognizing the potential of the audio industry to drive revenue and growth. The success of recent IPOs of audio-centric platforms like Spotify and Audible further underscores the immense commercial opportunities in the sector.
In the NBA world, the spotlight is often shining on the star players who light up the court with their remarkable performances. However, sometimes, it's not just about individual brilliance but also about team chemistry and sacrifice. Recently, a hot topic in the basketball community has been the impressive 104-point scoring blitz by the Denver Nuggets in just 48 hours. While many may see this as an incredible achievement, veteran point guard Monte Morris has raised concerns about the over-reliance on scoring, pointing fingers at his teammates Nikola Jokic, Jamal Murray, and Michael Porter Jr.
The investigation was launched by China's State Administration for Market Regulation (SAMR) following complaints and concerns raised about NVIDIA's business practices in the country. The specifics of the alleged violations have not been publicly disclosed, but industry experts speculate that NVIDIA's dominant position in the GPU market and its pricing strategies may be under scrutiny.None