Our opinion on the current state of MARSHALL(MMP)Marshall (MMP) describes their business as follows: "Based in the UK, with strategically located offices globally, Marshall Monteagle PLC is a diversified investment holding company. The company provides procurement, logistics, and trading in various hard and soft commodities, industrial raw materials, consumer food and non-food products. Other non-operational investments include Commercial & Industrial Properties and listed equities.”
In its results for the year to 31st March 2024, the company reported revenue down 13% and headline earnings per share (HEPS) of 5.8c compared with a loss of 4.4c in the previous period. The company said, "Net assets per share attributable to shareholders are US$2.46 (2023 – US$2.38). The increase is primarily as a result of the sale of US investment property. At 31 March 2024, cash balances were US$41,794,000 (2023 - US$23,225,000)."
This share is relatively thinly traded with only R95,000 worth of shares changing hands each day on average, which makes it more risky for private investors.
