Investment Trusts

AVI Global Trust PLC

AGT:LSE

AVI Global Trust PLC

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  • Price (GBX)957.00
  • Today's Change-3.00 / -0.31%
  • Shares traded90.50k
  • 1 Year change+38.29%
  • Beta1.0081
Data delayed at least 20 minutes, as of Jul 30 2021 16:35 BST.
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About the company

AVI Global Trust PLC, formerly British Empire Trust PLC, is a closed-end investment trust. It investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value. It makes investments principally in companies listed on the stock exchanges of the United Kingdom and/or overseas, which may include investment holding companies, investment trusts and other companies. It continues to seek and find investment opportunities with real value and prospects for medium to long term capital appreciation. It invests in various sectors, including aerospace and defense; professional services; building products; construction materials; electrical components and equipment; oil and gas equipment and services; healthcare supplies; packaged foods and meats, and others. Its alternative investment fund manager is Asset Value Investors Limited.

  • Revenue in GBP (TTM)448.08m
  • Net income in GBP442.23m
  • Incorporated1889
  • Employees0.00
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Profile

Management group(s)--
AIC sectorGlobal
ISINGB0001335081
Launch date01 Jul 1889
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To achieve capital growth through a focused portfolio of investments, particularly in companies whose share prices stand at a discount to estimated underlying NAV. Investments are principally in companies listed on recognised stock exchanges in the UK and/or overseas. The Company generally invests on a long-only basis but may hedge exposures through the use of derivative instruments and may also hedge its foreign currency exposures. There are no geographic limits on exposure, as the Company invests wherever it considers that there are opportunities for capital growth.

Managed by

Joe Bauernfreund, Tom Treanor

Management & contract fees

The Investment Manager is entitled to a management fee of 0.70% of the NAV of the Company, calculated quarterly by reference to the NAV at the preceding quarter end and paid monthly. Contract terminable on 6 months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Law Debenture Corporation plc40.79m2.95m926.88m152.00305.831.23219.3322.720.02470.02470.34526.140.0453--3.49268,348.700.3287.200.3387.3789.2094.227.2363.84--1.780.141541.65-75.546.70-97.7331.9157.9811.16
Blackrock Throgmorton Trust PLC309.42m299.62m928.93m0.002.981.09--3.003.253.253.338.830.4668--69.05--45.2012.4746.5412.7497.1189.6696.8388.71----0.004914.34-40.49-0.6352-44.42-1.33--8.77
GCP Infrastructure Investments Limited1.79m-14.10m939.53m0.00--1.06--523.70-0.016-0.0160.0021.010.0017--11.14---1.304.85-1.304.86-350.2286.83-785.9077.90---2.520.1533131.22-78.66-22.25-101.23----0.00
Baillie Gifford Japan Trust PLC267.60m257.84m947.06m0.003.580.9965--3.542.812.812.9110.080.2851--130.63--27.479.5128.379.8897.1792.1296.3589.85----0.13292.34285.661.55220.27-0.4298----
Henderson Smaller Companies Inv Trst PLC23.03m22.05m954.69m0.0043.301.26--41.450.29520.29520.308310.170.0276--24.06--2.644.052.804.2998.2385.0595.7383.37----0.094150.49-15.68---13.91----11.72
Schroder AsiaPacific Fund plc427.96m414.57m973.03m0.002.360.8741--2.272.482.482.566.700.456--64.70--44.1713.4745.1213.9798.1994.1696.8792.64----0.0011.79624.31--965.41----13.75
JPMorgan Japanese Investment Trust PLC350.34m341.50m983.83m0.002.930.9315--2.812.122.122.196.680.3323--89.17--32.4015.1932.6115.3398.0296.0697.4894.80----0.12845.861,553.4533.991,111.6535.38--12.74
BlackRock Smaller Companies Trust plc127.73m119.29m986.36m0.008.271.13--7.722.442.442.6217.840.1401--22.11--13.0811.7713.1911.8794.2292.6793.4091.92----0.093315.6226.6231.8728.1635.85--13.73
Biopharma Credit PLC79.12m64.11m988.18m0.0015.410.9964--12.490.06490.06490.08011.000.0781--13.86--6.33--6.40--83.04--81.03------0.00---27.10---27.13------
AVI Global Trust PLC448.08m442.23m991.51m0.002.300.9219--2.214.174.174.2210.380.4484--137.60--44.259.3446.049.4897.9990.1098.6987.78----0.095818.15-74.13---108.11----7.12
Apax Global Alpha Ltd143.97m137.91m1.01bn0.007.300.9845--6.990.28080.28080.29322.080.1439--93.69--13.7810.3414.0810.43----95.7988.70--93.570.0047.81-25.56---23.21------
Edinburgh Investment Trust PLC291.39m278.55m1.03bn0.003.720.9467--3.551.611.611.686.340.2691--123.84--25.731.2325.761.2796.0556.9095.5950.72----0.0837290.91191.6930.16183.1236.11---0.2891
Octopus Titan VCT PLC113.91m75.32m1.03bn0.0010.720.9429--9.070.08530.08530.1180.97040.114--24.86--7.54--7.73--70.44--66.13------0.00--------------
Baillie Gifford US Growth Trust PLC385.44m381.23m1.04bn0.002.361.21--2.701.441.441.472.800.66--82.34--65.28--66.87--99.15--98.91----981.220.023--168.68--177.20------
BB Healthcare Trust PLC144.11m133.64m1.05bn0.007.051.06--7.300.27430.27430.2941.820.1627--502.14--15.09--15.81--94.25--92.73----336.130.0247--226.53--269.15------
Genesis Emerging Markets Fund Limited178.74m165.84m1.06bn0.006.390.9215--5.931.371.371.479.470.1653--25.26--15.343.3615.423.3894.9177.7892.7868.02--173.700.0039.76-146.45---196.86------
Data as of Jul 30 2021. Currency figures normalised to AVI Global Trust PLC's reporting currency: UK Pound GBX

Institutional shareholders

17.00%Per cent of shares held by top holders
HolderShares% Held
Rathbone Investment Management Ltd.as of 01 Jul 20212.61m2.51%
Hargreaves Lansdown Stockbrokers Ltd.as of 01 Jul 20212.52m2.42%
Nordea Investment Management AB (Finland)as of 01 Jul 20212.25m2.17%
Brewin Dolphin Ltd.as of 01 Jul 20212.25m2.17%
J. M. Finn & Co. Ltd.as of 01 Jul 20211.82m1.75%
City of London Investment Management Co. Ltd.as of 01 Jul 20211.63m1.57%
BlackRock Investment Management (UK) Ltd.as of 01 Jul 20211.49m1.44%
Brewin Dolphin Wealth Management Ltd.as of 01 Jul 20211.08m1.04%
BMO Asset Managers Ltd.as of 01 Jul 20211.02m0.98%
Craigs Investment Partners Ltd. (Investment Management)as of 01 Jul 2021994.83k0.96%
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Data from 29 Jan 2021 - 27 Jul 2021Source: FactSet Research Systems Inc.
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