Investment Trusts

Aberforth Smaller Companies Trust Plc

ASL:LSE

Aberforth Smaller Companies Trust Plc

Actions
  • Price (GBX)1,142.00
  • Today's Change18.00 / 1.60%
  • Shares traded114.29k
  • 1 Year change-15.26%
  • Beta0.8542
Data delayed at least 20 minutes, as of Aug 20 2019 16:35 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)-139.67m
  • Net income in GBP-152.43m
  • 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)
F&C Commercial Property Trust Ltd61.35m36.40m872.91m0.0023.980.7812--14.230.04550.04550.07671.400.0423--12.37--2.517.352.547.4693.4597.1259.3379.12--4.340.216147.52-47.85-12.43-60.74-16.92--0.00
Herald Investment Trust plc26.19m14.91m874.69m0.0054.670.8352--33.400.23410.23410.381115.330.025--1.84--1.429.031.429.3460.6289.7556.9287.82----0.000.00-117.42---123.83------
Genesis Emerging Markets Fund Limited-174.25m-192.51m923.76m0.00--1.01-----1.50-1.50-1.347.51-0.1619-------17.894.48-17.984.51--78.92--71.47----0.0014.88-37.279.29-41.3212.17----
Jupiter European Opportunities Trust PLC50.09m27.58m936.87m0.0033.401.12--18.710.24850.24850.44697.440.056--14.44--3.0812.393.3514.0159.2587.7555.0686.28--320.830.006.70-46.530.7766-56.48-3.20----
J2 Acquisition Limited20.45m17.73m948.14m--51.730.9481--46.360.18370.18370.212410.350.02--2,066.62--1.73--1.73------86.70------0.00--------------
BBGI SICAV SA74.09m55.93m976.25m--15.211.1617.4513.180.10190.10190.13331.340.0993--138.09--7.498.887.929.21----75.4979.50--9.630.018156.8120.7123.8513.9124.34-36.904.18
Aberforth Smaller Companies Trust plc-139.67m-152.43m1.01bn0.00--0.8324-----1.67-1.67-1.5413.50-0.1051-------11.473.44-11.543.46--83.63--76.01---160.130.014168.83-172.93---182.28----5.18
Fidelity European Values plc126.75m114.93m1.02bn0.008.840.9118--8.020.27940.27940.30742.710.1174--14.77--10.647.9810.718.0193.1490.5390.6887.51--219.120.0026.67-120.31---128.86----16.12
JPMorgan American Investment Trust PLC114.02m106.59m1.02bn0.009.731.00--8.970.4950.4950.52184.810.1098--34.09--10.2711.0210.5211.3696.7393.1893.4990.31----0.00811.36-89.06-38.52-96.33-51.04--19.21
Edinburgh Investment Trust PLC55.37m37.46m1.04bn0.0028.530.7707--18.750.1910.1910.28327.070.0362--31.46--2.455.062.515.3171.4982.9667.6580.84----0.085962.88184.33-19.91144.52-22.56--3.57
Vietnam Enterprise Investments Limited-124.09m-90.76m1.05bn0.00--0.8892-----0.4129-0.4129-0.56455.41-0.0958-------7.00---7.35--------------0.04---125.35---118.92------
UK Commercial Property REIT Ltd91.34m53.01m1.08bn0.0020.450.8937--11.860.04080.04080.07030.93320.0614--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
Personal Assets Trust PLC60.12m50.97m1.10bn9.0019.491.06--18.3622.1222.1226.15404.880.0654--35.196,680,445.005.544.845.584.88--88.5484.7782.59----0.001630.351,356.25--482.00----0.00
GCP Infrastructure Investments Limited82.90m67.51m1.11bn--16.371.12--13.360.07710.07710.09471.130.0752--1,295.31--6.127.166.147.26----81.4484.18--17.090.082594.8753.8724.5457.3830.33--0.2172
Bankers Investment Trust PLC109.69m99.19m1.15bn0.0011.561.01--10.450.8090.8090.89469.300.0937--20.38--8.479.558.509.6492.9793.5290.4391.05----0.053823.29-90.15-34.30-95.62-44.22--6.89
Data as of Aug 20 2019. Currency figures normalised to Aberforth Smaller Companies Trust Plc's reporting currency: UK Pound GBX

Institutional shareholders

43.50%Per cent of shares held by top holders
HolderShares% Held
Brewin Dolphin Ltd.as of 25 Jan 20199.15m10.15%
Investec Wealth & Investment Ltd.as of 25 Jan 20197.88m8.74%
Rathbone Investment Management Ltd.as of 25 Jan 20195.25m5.83%
Alliance Trust Savings Ltd. (Private Banking)as of 02 Jun 20193.68m4.08%
Speirs & Jeffrey Ltd. (Broker)as of 02 Jun 20193.10m3.44%
Legal & General Investment Management Ltd.as of 02 Jun 20192.62m2.91%
Smith & Williamson Investment Management LLPas of 02 Jun 20192.11m2.34%
West Yorkshire Pension Fundas of 02 Jun 20192.05m2.28%
Quilter Cheviot Ltd.as of 02 Jun 20191.93m2.14%
Hargreaves Lansdown Stockbrokers Ltd.as of 02 Jun 20191.45m1.61%
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Data from 28 Jun 2019 - 02 Aug 2019Source: FactSet Research Systems Inc.
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