Investment Trusts

Aberforth Smaller Companies Trust PLC

ASL:LSE

Aberforth Smaller Companies Trust PLC

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  • Price (GBX)1,266.00
  • Today's Change-18.00 / -1.40%
  • Shares traded47.99k
  • 1 Year change-10.67%
  • Beta0.9192
Data delayed at least 20 minutes, as of May 23 2019 15:21 BST.
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Profile data is unavailable for this security.

About the company

Aberforth Smaller Companies Trust plc is a United Kingdom-based closed-ended investment company. The Company's investment objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Numis Smaller Companies Index (Excluding Investment Companies) (NSCI (XIC)). It is focused on achieving its objective by investing in small United Kingdom quoted companies. The Company may, at time of purchase, invest up to 15% of its assets in any one security. Its investment portfolio comprises investment in sectors, which include oil and gas producers; oil equipment, services and distribution; chemicals; industrial metals and mining; mining; construction and materials; aerospace and defense; general industrials; electronic and electrical equipment; industrial engineering; industrial transportation; support services; food producers; leisure goods, and pharmaceuticals and biotechnology. Aberforth Partners LLP is the investment manager of the Company.

  • Revenue in GBP (TTM)-201.32m
  • Net income in GBP-215.87m
  • Incorporated1990
  • Employees0.00
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Profile

Management group(s)--
AIC sectorUK Smaller Companies
ISINGB0000066554
Launch date10 Dec 1990
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To achieve a NAV total return (with dividends reinvested) greater than on the Numis Smaller Companies Index over the long-term by investing in a diversified portfolio of small UK quoted companies.

Managed by

Euan R MacDonald Start :14 May 2001
Keith Muir Start :03 Mar 2011
Richard M J Newbery Start :10 Dec 1990
Peter Shaw Start :01 Apr 2016
Chris Watt Start :01 Apr 2016
Alistair J Whyte Start :10 Dec 1990

Management & contract fees

Quarterly management fee of 0.75% of the NAV of the Company up to GBP 1bn; plus 0.65% of the new assets of the Company between GBP 1bn (if any). Contract terminable on 6 months notice. There are no long-term incentive schemes.

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)
JPMorgan American Investment Trust PLC13.65m4.12m979.41m0.00320.901.08--71.770.01420.01420.0614.210.0136--12.11--0.410311.020.429111.3652.8693.1830.1590.31----0.000611.37-89.06-38.52-96.33-51.04--19.21
Personal Assets Trust PLC9.03m56.00k989.41m8.00--1.04--109.53-0.3702-0.37024.09395.500.0103----1,129,125.000.00643.140.00643.17----0.6275.46----0.0048.31-106.57---120.42----0.00
Sanne Group PLC143.00m18.17m995.02m1.28k54.215.0727.786.960.12580.12580.991.340.4702--3.45111,373.105.987.596.898.7261.7863.0712.7114.20--14.200.307108.7626.3640.630.226128.6440.7649.53
Bankers Investment Trust PLC17.94m7.59m1.09bn0.00144.361.03--61.040.06190.06190.14638.660.0157--4.90--0.66499.550.66869.6457.9793.5242.2991.05----0.057623.29-90.15-34.30-95.62-44.22--6.89
GCP Infrastructure Investments Limited87.49m73.42m1.11bn--14.611.13--12.690.08660.08660.10291.120.0858--660.27--7.207.167.227.26----83.9284.18--24.530.12894.8753.8724.5457.3830.33--0.2172
JPmorgan Emerging Markets Inv Trust PLC-44.17m-58.73m1.14bn0.00--0.9919-----0.4754-0.4754-0.35759.36-0.0371-------4.949.45-4.949.47--91.08--88.21----0.0012.40-53.232.28-57.132.47--17.84
Biopharma Credit PLC76.83m55.40m1.14bn0.0014.791.05--14.900.07130.07130.09841.000.0839--7.35--6.05--6.07--76.92--72.11------0.00--147.49--121.34------
Aberforth Smaller Companies Trust plc-201.32m-215.87m1.16bn0.00--1.01-----2.38-2.38-2.2012.74-0.1539-------16.503.44-16.513.46--83.63--76.01---268.170.01568.83-172.93---182.28----5.18
Sequoia Economic Infrastrctr Incm Fd Ltd61.17m50.08m1.19bn0.0017.501.11--19.390.06390.06390.07821.010.0689--2.74--5.64--5.86--85.06--81.86----74.210.122---17.65---27.25------
Edinburgh Investment Trust PLC42.64m24.56m1.19bn0.0048.510.8013--27.920.12550.12550.21797.600.0256--25.53--1.476.411.546.7562.1483.5757.6081.83----0.08748.77-131.22---143.99----3.13
Smithson Investment Trust PLC-100.00bn-100.00bn1.19bn--------------------------------------------------------------
UK Commercial Property REIT Ltd91.34m53.01m1.19bn0.0022.480.9826--13.040.04080.04080.07030.93320.0614--3.87--3.567.073.637.2985.6289.9658.0376.97--8.380.170748.42-45.12-5.48-59.71-11.2156.21-8.34
Fidelity China Special Situations PLC5.27m-22.37m1.19bn0.00--0.8869--226.42-0.0408-0.04080.00962.450.0034--1.93---1.4318.61-1.5120.46-337.6792.10-424.6690.89---7.840.07865.57-18.3824.96-21.1526.26--28.47
Pantheon International PLC255.85m231.82m1.19bn0.005.410.8245--4.664.084.084.4226.740.1746--110.69--15.8211.6115.9511.6692.9891.2790.6187.51----0.06790.00-31.149.13-38.757.76----
HarbourVest Global Private Equity Ltd2.39m186.09m1.28bn250.006.890.8866--535.982.332.330.0318.110.0018------13.7410.6213.7510.64-203.70-926.547,778.7618,338.58----0.000.00110.6631.9473.7622.62----
Integrafin Holdings PLC94.21m36.50m1.33bn507.0036.3413.0135.7514.080.11020.11020.28440.30780.0067--16.81185,824.500.2576--0.5524--99.11--38.75------0.00--13.65--10.09------
Data as of May 23 2019. Currency figures normalised to Aberforth Smaller Companies Trust PLC's reporting currency: UK Pound GBX

Institutional shareholders

44.20%Per cent of shares held by top holders
HolderShares% Held
Brewin Dolphin Ltd.as of 11 Jun 20189.14m10.09%
Investec Wealth & Investment Ltd.as of 26 Jan 20187.90m8.73%
Rathbone Investment Management Ltd.as of 26 Jan 20185.20m5.75%
Alliance Trust Savings Ltd. (Private Banking)as of 04 Mar 20193.63m4.01%
Speirs & Jeffrey Ltd. (Broker)as of 04 Mar 20193.15m3.48%
Legal & General Investment Management Ltd.as of 04 Mar 20192.63m2.91%
Coutts & Co.as of 04 Mar 20192.12m2.34%
Smith & Williamson Investment Management LLPas of 04 Mar 20192.10m2.32%
Quilter Cheviot Ltd.as of 04 Mar 20192.10m2.32%
West Yorkshire Pension Fundas of 04 Mar 20192.05m2.27%
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Data from 29 Mar 2019 - 16 May 2019Source: FactSet Research Systems Inc.
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