Investment Trusts

River and Mercantile UK Micro Cap Investment Company Ord

RMMC:LSE

River and Mercantile UK Micro Cap Investment Company Ord

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  • Price (GBX)150.00
  • Today's Change0.00 / 0.00%
  • Shares traded4.09k
  • 1 Year change-20.63%
  • Beta1.2701
Data delayed at least 20 minutes, as of Jun 09 2023 15:45 BST.
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About the company

River and Mercantile UK Micro Cap Investment Company Limited is a closed-ended investment company. The Company's investment objective to achieve long term capital growth from investment in a diversified portfolio of United Kingdom micro-cap companies, comprising companies with a free float market capitalization of less than 100 million British Pounds at the time of purchase. The number of holdings in the portfolio usually range between 30 and 50. It may from time to time take sizable positions in portfolio companies. However, in such circumstances, it does not normally intend to hold more than 25% of the capital of a single investee company at the time of investment. The Company may invest in other investment funds, including listed closed-ended investment funds, to gain investment exposure to United Kingdom micro-cap companies. It may use derivatives for the purposes of portfolio management only. Carne Global AIFM Solutions (C.I.) Limited is its alternative investment fund manager.

  • Revenue in GBP (TTM)-53.16m
  • Net income in GBP-53.45m
  • Incorporated2014
  • Employees0.00
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Profile

Management group(s)River and Mercantile Asset Management
AIC sectorUK Smaller Companies
ISINGG00BNDMJP11
Launch date02 Dec 2014
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To achieve long term capital growth from investment in a diversified portfolio of UK micro-cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase. The Company invests in a diversified portfolio of UK micro-cap companies. It is expected that the majority of the Company’s investible universe will comprise companies whose securities are admitted to trading on AIM.

Managed by

George Ensor

Management & contract fees

Management fee 0.75% p.a. of NAV is payable monthly. Contract terminable on six months' notice. A performance fee equal to 15% of outperformance.

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 Emng Erp Mdl Est&Afrc Scrts PLC-352.83m-355.18m41.65m0.00--2.21-----8.77-8.77-8.720.4671-1.69-------170.56-9.47-170.80-9.48------------0.00---319.43---330.37------
Jupiter Green Investment Trust Plc-8.36m-9.46m44.02m0.00--0.8998-----0.4418-0.4418-0.39032.35-0.1444-------16.357.67-17.247.78--91.76--80.59----0.00---97.37-42.45-103.05------
Forward Partners Group PLC-45.71m-43.05m48.46m13.00--0.5013-----0.3198-0.3198-0.33960.7181-------3,516,000.00--------------------0.00---262.04---361.27------
Baker Steel Resources Trust Ltd-18.48m-20.32m48.97m0.00--0.5797-----0.1908-0.1908-0.17360.7936-0.1949-------21.425.50-21.475.51--79.35--73.28----0.000.00-626.99---1,653.74------
Gabelli Merger Plus+ Trust PLC745.39k2.02m49.05m0.0027.210.9011--65.800.33080.33080.09879.990.0106--3.58--2.86--2.92---55.18--271.08------0.0023--229.05---109.55------
Triple Point VCT 2011 PLC2.35m484.00k49.99m0.0084.711.11--21.310.01150.01150.04990.8810.0549--2.55--1.134.001.164.0741.3570.8120.6349.94----0.00358.49443.9148.96278.1669.83----
Schroder British Opportunities Trust PLC-100.00bn-100.00bn50.81m0.00--0.6602----------1.04----------------------------0.00--------------
River & Mercantile UK Micro Cp Iv Co Ltd-53.16m-53.45m50.85m0.00--0.8791-----1.58-1.58-1.571.71-0.6226-------62.602.06-63.202.09--57.07--47.54----0.000.00-198.06---205.46------
Geiger Counter Ltd2.86m811.00k52.20m0.0015.140.8206--18.230.02560.02560.02380.47280.0448------1.2716.831.4419.7166.2292.8128.3383.29--6.100.13350.00-90.22---97.12------
Miton UK Microcap Trust PLC-12.30m-15.10m53.71m0.00--0.6233-----0.1376-0.1376-0.11220.9105-0.1133-------13.905.63-13.975.65--88.01--78.10---10.540.004.40-119.67---125.07-----16.06
Rockwood Strategic PLC-899.00k-3.33m53.94m0.00--1.42-----1.36-1.36-0.325814.45-0.0164-------6.0914.28-6.5414.78--77.39--64.91----0.00--0.373937.39-16.67-1.90----
Marwyn Value Investors Ltd2.05m2.05m55.37m--25.750.5274--27.040.03690.03690.03691.800.0197------1.97-3.811.97-3.8299.96--99.96------0.0012---89.28-27.06-89.28-27.07--7.91
Thames Ventures VCT 2 PLC747.00k-875.00k55.57m----0.0543--74.39-0.009-0.0090.00790.59860.013--0.704---1.53-3.41-1.55-3.45-21.82---117.14------0.00--55.2914.6956.8419.31----
abrdn Smaller Companies Income Trust PLC-31.00m-32.20m57.49m0.00--0.905-----1.46-1.46-1.402.87-0.3523-------36.58-0.6295-38.71-0.6544---28.26---86.89----0.0993---229.94---242.61----6.81
Kryptonite 1 plc50.44m27.40m58.53m1.001.640.9296--1.160.2010.2010.36890.3550.5074--1,187.70--27.576.0335.947.0199.41--54.3320.82----0.00--1,027.92274.10942.22------
Barings Emerging Emea Opportunities PLC-30.77m-32.73m59.10m0.00--0.7926-----2.72-2.72-2.566.32-0.3285-------34.95-2.54-35.14-2.67------------0.00---194.32---207.71-----11.88
Data as of Jun 09 2023. Currency figures normalised to River and Mercantile UK Micro Cap Investment Company Ord's reporting currency: UK Pound GBX

Institutional shareholders

33.67%Per cent of shares held by top holders
HolderShares% Held
West Yorkshire Pension Fundas of 31 Mar 20234.72m13.94%
River & Mercantile Asset Management LLPas of 30 Apr 20233.10m9.15%
CG Asset Management Ltd.as of 30 Apr 20231.75m5.17%
Liontrust Investment Partners LLPas of 31 Oct 2019671.94k1.98%
Premier Fund Managers Ltd.as of 31 Jan 2023435.00k1.28%
Jupiter Asset Management Ltd.as of 28 Feb 2023211.13k0.62%
Evelyn Partners Investment Management LLPas of 28 Apr 2023178.13k0.53%
Hawksmoor Investment Management Ltd.as of 31 Oct 2019145.97k0.43%
Wesleyan Unit Trust Managers Ltd.as of 31 Dec 202298.96k0.29%
Brunswick Investment Management Ltd.as of 02 Jun 202396.56k0.29%
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Data from 31 Oct 2019 - 02 Jun 2023Source: FactSet Research Systems Inc.
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