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)176.00
  • Today's Change-1.00 / -0.56%
  • Shares traded23.45k
  • 1 Year change-41.82%
  • Beta1.3237
Data delayed at least 20 minutes, as of Jul 01 2022 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 is to achieve long-term capital growth from investment in a diversified portfolio of the United Kingdom micro-cap companies, typically comprising companies with a free float market capitalization of less than 100 British Pounds million at the time of purchase. It invests in a range of sectors, such as cash, technology, financials, utilities, telecommunications, consumer services, healthcare, consumer goods, industrials, basic materials, and oil and gas. The Company may use derivatives (both long and short) for the purpose of portfolio management. The Company may invest in other investment funds, including listed closed-ended investment funds, to gain investment exposure to the United Kingdom Micro Cap Companies. Carne Global AIFM Solutions (C.I.) Limited serves as an alternative investment fund manager to the Company.

  • Revenue in GBP (TTM)-9.59m
  • Net income in GBP-11.07m
  • 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)
Geiger Counter Ltd29.27m28.21m54.38m0.001.330.8559--1.860.29870.29870.3090.46440.8375------80.7021.8489.5726.2898.3694.2296.3686.22--855.910.09570.002,441.0642.375,398.4444.55----
abrdn Smaller Companies Income Trust PLC23.86m22.58m56.38m0.002.500.5763--2.361.021.021.084.430.2517--68.55--23.8211.7224.4112.2096.3992.8094.6389.48----0.066718.171,046.7134.89723.6538.85--5.26
Schroder British Opportunities Trust PLC-100.00bn-100.00bn57.67m----0.6831----------1.13----------------------------0.00--------------
Maven Income and Growth VCT 3 PLC9.31m6.73m58.61m0.006.600.8953--6.300.08480.08480.11740.62550.1968--32.04--14.233.5814.323.5976.1558.6072.3247.75----0.00319.38437.6722.332,365.5726.71---10.78
River & Mercantile UK Micro Cp Iv Co Ltd-9.59m-11.07m59.66m0.00--0.701-----0.3468-0.3468-0.27652.51-0.0948-------10.9320.21-11.0020.42--87.67--85.96----0.000.00441.8835.59550.1938.68----
Puma VCT 13 PLC12.24m9.30m60.27m0.003.380.8868--4.920.34030.34030.46981.300.3126--157.95--23.76--24.72--78.78--76.01------0.00--115.47--110.64------
Maven Income & Growth VCT PLC4.59m2.97m60.67m0.0020.011.01--13.230.02250.02250.03420.44340.091--9.17--5.893.385.913.3876.6168.9364.7552.76----0.00287.23121.498.51230.747.78---17.81
Barings Emerging Emea Opportunities PLC-11.01m-13.35m61.03m0.00--0.72-----1.12-1.12-0.91087.06-0.1165-------14.128.06-14.228.60--85.59--79.47----0.0041.77241.38-2.58221.27-2.72--2.48
Albion Venture Capital Trust PLC7.59m5.96m61.23m0.008.770.9451--8.070.05750.05750.07350.53380.1103--4.35--8.666.028.736.0783.9478.1878.5470.29----0.00207.76-15.43-2.38-16.72-3.19---10.95
Downing Four VCT PLC11.38m9.98m61.28m--0.31980.0595--5.390.10160.10160.11590.54610.2316--29.62--20.32-4.8520.57-4.9191.93--87.71------0.00--144.223.24130.059.36----
Dozens Savings PLC0.00-202.06k62.34m3.00--3,169.22-----0.4234-0.42340.000.03310.00----0.00-10.76---847.39-------------1.950.9905-------10.48------
NB Distressed Debt Investment Fund Ltd4.57m10.02m62.90m0.008.190.8242--13.760.08850.08850.04040.87970.0473--5.38--10.37-2.9010.40-2.9691.2453.08219.19-92.26----0.00--8.49-19.64129.09-4.38----
Maven Income and Growth VCT 5 PLC10.14m8.43m63.25m0.006.490.9233--6.240.05540.05540.06310.38990.1767--29.92--14.697.4714.817.5587.2278.0083.1370.17----0.00--422.0356.141,185.37124.46----
Riverstone Credit Opprtnts Incm PLC5.20m3.68m63.38m--17.220.8218--12.190.04860.04860.06871.020.066--2.77--4.67--4.71--95.96--70.79----7.670.00---31.67---40.12------
Forward Partners Group PLC-100.00bn-100.00bn63.94m19.00------------------------------------------------4.27---282.19------
Miton UK Microcap Trust PLC40.06m37.32m65.77m0.002.360.7189--1.640.29420.29420.34340.96670.4518--75.94--42.0912.4942.6612.9297.7593.3993.1693.17--53.450.002.59957.2246.941,004.9458.35---41.01
Data as of Jul 01 2022. Currency figures normalised to River and Mercantile UK Micro Cap Investment Company Ord's reporting currency: UK Pound GBX

Institutional shareholders

30.52%Per cent of shares held by top holders
HolderShares% Held
Investec Wealth & Investment Ltd.as of 13 Apr 20213.38m9.98%
River & Mercantile Asset Management LLPas of 31 May 20223.10m9.15%
1607 Capital Partners LLCas of 23 Apr 20211.68m4.96%
Liontrust Investment Partners LLPas of 31 Oct 2019671.94k1.98%
Premier Fund Managers Ltd.as of 28 Feb 2022445.00k1.31%
CG Asset Management Ltd.as of 31 May 2022415.53k1.23%
Jupiter Asset Management Ltd.as of 28 Feb 2022211.13k0.62%
LGT Wealth Management UK LLPas of 24 Jun 2022158.86k0.47%
Hawksmoor Investment Management Ltd.as of 31 Oct 2019145.97k0.43%
Brunswick Investment Management Ltd.as of 24 Jun 2022131.56k0.39%
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Data from 31 Oct 2019 - 24 Jun 2022Source: FactSet Research Systems Inc.
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