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)162.00
  • Today's Change-1.00 / -0.61%
  • Shares traded11.92k
  • 1 Year change-35.20%
  • Beta1.3472
Data delayed at least 20 minutes, as of Jan 31 2023 16:05 GMT.
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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)
Schroder British Opportunities Trust PLC-100.00bn-100.00bn48.77m----0.6338----------1.04----------------------------0.00--------------
Triple Point VCT 2011 PLC2.35m484.00k48.80m0.0010.860.1419--20.800.01150.01150.04990.8810.0549--2.55--1.134.001.164.0741.3570.8120.6349.94----0.00349.81443.9148.96278.1669.83----
Rockwood Strategic PLC-899.00k-3.33m49.42m0.00--1.35-----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----
Gabelli Merger Plus+ Trust PLC871.08k-839.50k52.33m0.00--0.9531--60.07-0.1013-0.10130.10519.440.0101--0.7067---0.9768---1.01--21.75---96.38------0.0041--229.05---109.55------
Forward Partners Group PLC-15.68m-22.38m53.85m19.00--0.4691-----0.1663-0.1663-0.11650.8527----------------------------0.0082--440.47--517.35------
Maven Income and Growth VCT PLC891.00k-920.00k54.05m0.00--0.9406--60.66-0.0068-0.00680.00660.42740.0149--1.45---1.533.38-1.543.38-34.1268.93-103.2552.76----0.00287.23121.498.51230.747.78---17.81
abrdn Smaller Companies Income Trust PLC-20.53m-21.84m54.17m0.00--0.8004-----0.9878-0.9878-0.92843.06-0.2354-------25.0511.72-26.6012.20--92.80--89.48----0.093718.171,046.7134.89723.6538.85--5.26
River & Mercantile UK Micro Cp Iv Co Ltd-53.16m-53.45m55.25m0.00--0.9553-----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------
Deltic Energy PLC0.00-2.27m55.39m4.00--3.90-----0.0016-0.00160.000.00760.00----0.00-18.40-21.95-18.94-22.87-----------129.990.0241-------16.18--13.80--
Maven Income and Growth VCT 3 PLC2.58m616.00k55.42m0.0050.050.9252--21.510.01060.01060.03040.57280.048--5.70--1.153.581.163.5939.3258.6023.9147.75----0.00319.38437.6722.332,365.5726.71---10.78
Marwyn Value Investors Ltd-1.59m-1.59m55.52m----0.5497-----0.0316-0.0316-0.02791.73-0.0152-------1.52-2.23-1.52-2.24------------0.0013--1,692.43--1,692.11----7.91
Thames Ventures VCT 2 PLC747.00k-875.00k56.85m----0.0543--76.10-0.009-0.0090.00790.59860.013--0.704---1.53-3.41-1.55-3.45-21.82---117.14------0.00--55.2914.6956.8419.31----
Baker Steel Resources Trust Ltd-18.58m-20.65m57.49m0.00--0.6717-----0.1939-0.1939-0.17450.8039-0.1933-------21.4813.72-21.5313.76--89.93--87.07----0.000.00-86.77-27.78-94.73-39.99----
Maven Income and Growth VCT 5 PLC4.18m2.15m58.21m0.0027.070.8688--13.940.01220.01220.02370.37980.0617--10.48--3.187.473.197.5562.8578.0051.5470.17----0.0086.09422.0356.141,185.37124.46---4.55
Miton UK Microcap Trust PLC-12.30m-15.10m60.57m0.00--0.7029-----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
Foresight Solar & Technology VCT PLC18.64m17.35m61.28m274.002.340.6282--3.290.50160.50160.53881.870.3458--38.3968,021.9032.19--32.42--95.36--93.10------0.00--8,730.54--1,726.08------
Data as of Jan 31 2023. Currency figures normalised to River and Mercantile UK Micro Cap Investment Company Ord's reporting currency: UK Pound GBX

Institutional shareholders

29.31%Per cent of shares held by top holders
HolderShares% Held
West Yorkshire Pension Fundas of 31 Mar 20223.24m9.54%
River & Mercantile Asset Management LLPas of 31 Dec 20223.10m9.15%
CG Asset Management Ltd.as of 30 Nov 20221.75m5.17%
Liontrust Investment Partners LLPas of 31 Oct 2019671.94k1.98%
Premier Fund Managers Ltd.as of 30 Sep 2022410.00k1.21%
Jupiter Asset Management Ltd.as of 30 Sep 2022211.13k0.62%
Evelyn Partners Investment Management LLPas of 30 Nov 2022178.13k0.53%
Hawksmoor Investment Management Ltd.as of 31 Oct 2019145.97k0.43%
Brunswick Investment Management Ltd.as of 27 Jan 2023131.56k0.39%
Wesleyan Unit Trust Managers Ltd.as of 30 Jun 202298.96k0.29%
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Data from 31 Oct 2019 - 27 Jan 2023Source: FactSet Research Systems Inc.
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