'Very disappointing' year for Majedie as share price falls 24.9%

Vote on new investment process at AGM

The past 12 months have seen major reconstruction for Majedie Investments PLC but it has not been enough to withstand the brutal market environment.

According to its full year results published today (20 December), the company's net asset value at both par and fair value respectively fell 19.8% and 18.2% during the period. During the same period, its share price fell by 24.9%, whereas the FTSE All Share lost 4% to 30 September, a "very disappointing" set of results, according to Majedie's chair. The Majedie Asset Management was bought by Liontrust Asset Management last year for £120m, with the sale completing April 2022. As part of the deal, Majedie's investment team joined Liontrust, becoming part of a global fundamental team ...