Mercia Asset Management (MERC)

Sector:

Financials

Index:

FTSE AIM All-Share

23.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 36.50p
  • 52 Week Low: 23.15p
  • Currency: UK Pounds
  • Shares Issued: 431.30m
  • Volume: 860,788
  • Market Cap: £101.36m
  • RiskGrade: 167

Mercia firm nDreams raises £20.1m from new investor

By Josh White

Date: Tuesday 29 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Mercia Asset Management announced a £20.1m third-party investment round into its largest direct investee by fair value on Tuesday, virtual reality (VR) games developer nDreams.
The AIM-traded firm said the investment was from Stockholm-based video game investor Aonic.

Following the investment round, Mercia now held a 33.2% fully-diluted direct investment stake in nDreams valued at £25.8m - an increase of £8.1m from its 30 September carrying value.

Mercia said that would have a consequential positive impact on both operating profit and net assets as at 31 March.

"This is an important development for nDreams and one that will enable it to further strengthen its position as a leading studio in the VR market," said Mercia chief investment officer and nDreams director Julian Viggars.

"Aonic's investment is also an indicator of the potential scale of VR technology and nDreams is well placed to capture the opportunities this presents.

"This material fair value increase is another example of the underlying value creation potential in our direct investment portfolio, which is now being recognised by co-investors and acquirers."

Mercia described nDreams as a "leading developer and publisher" of virtual reality games including Phantom: Covert Ops, Fracked and Far Cry VR: Dive Into Insanity.

It said it had a "strong pipeline" of future projects already in development, including games for the PlayStation VR2.

nDreams also recently expanded its development capabilities by announcing two new studios, nDreams Studio Orbital and nDreams Studio Elevation.

In August last year, nDreams also appointed former Codemasters chief executive Frank Sagnier as its non-executive chairman.

"This investment is a pivotal moment for nDreams, and I'm delighted to now have the combined support of Mercia and Aonic, who share the same ambitious vision that we do," said nDreams co-founder and chief executive officer Patrick O'Luanaigh.

"This investment is the rocket fuel needed to accelerate our rapid growth, as VR continues its trajectory towards becoming a truly mass-market technology."

At 1205 BST, shares in Mercia Asset Management were up 7.08% at 33.73p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MERC Market Data

Currency UK Pounds
Share Price 23.50p
Change Today -1.00p
% Change -4.08 %
52 Week High 36.50p
52 Week Low 23.15p
Volume 860,788
Shares Issued 431.30m
Market Cap £101.36m
RiskGrade 167

MERC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.79% above the market average30.79% above the market average30.79% above the market average30.79% above the market average30.79% above the market average
1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average1.92% above the sector average
Price Trend
45.29% below the market average45.29% below the market average45.29% below the market average45.29% below the market average45.29% below the market average
43.64% below the sector average43.64% below the sector average43.64% below the sector average43.64% below the sector average43.64% below the sector average
Income
70.54% below the market average70.54% below the market average70.54% below the market average70.54% below the market average70.54% below the market average
86.89% below the sector average86.89% below the sector average86.89% below the sector average86.89% below the sector average86.89% below the sector average
Growth
72.03% below the market average72.03% below the market average72.03% below the market average72.03% below the market average72.03% below the market average
72.92% below the sector average72.92% below the sector average72.92% below the sector average72.92% below the sector average72.92% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MERC Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-24 03-Oct-24
Paid 08-Jan-25 01-Nov-24
Amount 0.37p 0.55p

Trades for 04-Apr-2025

Time Volume / Share Price
14:02 14,000 @ 23.15p
13:44 41 @ 24.00p
13:44 20,000 @ 24.00p
13:44 20,000 @ 24.00p
13:43 20,000 @ 24.00p

MERC Key Personnel

CEO Mark Andrew Payton
CFO Martin James Glanfield

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