MERCIA ASSET MANAGEMENT PLC (MERC) — Interim Results

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04a2c-b11e-7e70-80ee-de307d2b2e9e Created: 2026-08-28T21:01:21.594Z Duration: 2780.794 Channels: 1 00:00:00.960 -- 00:00:03.120 Good afternoon and welcome to the MERCIA ASSET 00:00:03.120 -- 00:00:06.160 MANAGEMENT PLC interim results investor presentation. Throughout the 00:00:06.160 -- 00:00:08.320 recorded presentation, investors will be in listen only 00:00:08.320 -- 00:00:10.240 mode. Questions are encouraged and can be submitted 00:00:10.240 -- 00:00:11.280 at any time by the Q and A 00:00:11.280 -- 00:00:12.639 tab situated in the right hand corner of 00:00:12.639 -- 00:00:14.320 your screen. Just simply type in your questions 00:00:14.320 -- 00:00:15.200 and press send. 00:00:15.634 -- 00:00:17.074 The company may not be in a position 00:00:17.074 -- 00:00:18.994 to answer every question received during the meeting 00:00:18.994 -- 00:00:21.235 itself. However, the company will review all questions 00:00:21.235 -- 00:00:23.234 submitted today and publish responses when it's appropriate 00:00:23.234 -- 00:00:25.235 to do so. Before we begin, I'd like 00:00:25.235 -- 00:00:26.515 to submit the following poll. 00:00:27.154 -- 00:00:28.355 I'd now like to hand you over to 00:00:28.355 -- 00:00:30.355 Mark Payton, CEO. Good afternoon, sir. 00:00:31.279 -- 00:00:35.040 Good afternoon, and welcome, welcome, everybody, to MERCIA's 00:00:35.040 -- 00:00:40.160 interim results for the period 09/30/2023. 00:00:41.920 -- 00:00:44.320 I'm sure we've presented to a number of 00:00:44.320 -- 00:00:46.245 you, but for those that are new, again, 00:00:46.245 -- 00:00:46.805 welcome. 00:00:47.285 -- 00:00:49.605 One of the changes since our last presentation, 00:00:49.605 -- 00:00:51.445 our prelims, is I'm pleased t...