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)260.00
  • Today's Change-3.50 / -1.33%
  • Shares traded32.72k
  • 1 Year change-1.88%
  • Beta1.3726
Data delayed at least 20 minutes, as of Jan 25 2022 09:46 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 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)54.21m
  • Net income in GBP50.68m
  • 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 GBP 100m at the time of purchase. The company will invest in a diversified portfolio of UK Micro Cap companies and it is expected that the majority investible universe of the company 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)
Menhaden Resource Efficiency PLC31.85m28.93m84.00m0.002.900.7061--2.640.36160.36160.39811.490.3018--315.36--27.4110.0527.5810.1092.3887.1390.8382.63----0.002.21-39.60---43.53------
ICG Longbow Snr Sec UK Prop Dt Inv Ltd9.68m7.21m84.43m0.0011.710.7087--8.720.05940.05940.07980.98210.0789--5.38--5.885.906.056.0184.9685.5874.4675.42----0.00106.3716.923.5521.282.06--0.00
Barings Emerging Emea Opportunities PLC32.62m30.39m85.44m0.002.860.7722--2.622.492.492.679.210.3308--69.49--30.818.0630.988.6097.7185.5993.1579.47----0.0041.77241.38-2.58221.27-2.72--2.48
Jpmorgan Multi-Asset Growth & Income PLC16.46m15.30m85.49m0.005.920.9704--5.190.180.180.19381.100.1896--49.96--17.62--17.78--96.85--92.91----777.900.00---26.76---27.82------
JZ Capital Partners Limited-2.76m-27.26m86.05m0.00--0.3669-----0.3519-0.3519-0.03563.03-0.0068-------6.73-9.02-6.78-9.31-----------1.310.3118--59.08--51.65------
Aberdeen Japan Investment Trust PLC17.37m15.91m86.22m0.005.600.7653--4.961.201.201.318.790.1424--25.87--13.059.0914.4910.0295.1791.6191.6087.17----0.089713.79624.69--919.51----28.99
Crystal Amber Fund Limited39.76m34.57m87.03m0.002.620.7118--2.190.3990.3990.45891.470.3533--26.36--30.721.2131.381.2595.8739.3286.9422.00--14.860.00185.80131.04--126.33----0.00
Logistics Development Group PLC0.0026.61m89.18m3.00k2.361.26----0.05380.05380.000.1010.00----0.0051.92-11.8452.96-19.05-------8.68----0.00---100.00--96.58------
River & Mercantile UK Micro Cp Iv Co Ltd54.21m50.68m89.32m0.002.140.8026--1.651.231.231.363.280.5179--1,462.81--48.4120.2148.9920.4294.3087.6793.4985.96----0.000.00441.8835.59550.1938.68----
Livermore Investment Group Limited.30.92m28.22m89.75m4.003.330.72973.172.900.1630.1630.17890.74380.2615--9.967,730,207.0023.874.4424.594.7099.90--91.2857.55--202.070.001784.99-3.90--178.17----14.44
Albion Enterprise VCT PLC22.72m18.16m90.96m0.004.920.9507--4.000.24880.24880.31591.290.2609--18.31--20.858.0121.328.1482.0073.0679.9268.96----0.0065.31762.1327.68351.1333.68--1.70
Albion Development VCT PLC20.96m17.14m90.98m0.005.040.9577--4.340.17550.17550.21790.92410.2439--20.91--19.968.4620.318.5383.2579.1181.8175.40----0.0066.629.0912.018.9812.47---4.13
Axiom European Financial Debt Fund Ltd5.72m18.78m91.39m0.004.870.9657--15.990.20450.20450.06221.030.0539--5.43--17.71--18.30--75.17--328.64------0.0024--8.89---88.64------
Vietnam Holding Limited76.98m74.27m92.76m0.001.900.9193--1.201.651.651.683.410.6526------62.9610.9963.9211.2197.4083.7796.4879.10----0.000.00686.1221.19574.8426.10----
Kings Arms Yard VCT PLC23.63m20.16m94.08m0.004.250.8878--3.980.05020.05020.05940.23990.2558--28.23--21.836.4722.166.5486.9674.8385.3469.59----0.00--67.040.2261149.01-2.47--3.71
Mobeus Income & Growth VCT PLC42.06m39.93m95.06m0.002.410.8883--2.260.31580.31580.33250.85560.4591--196.16--43.5910.5043.8610.5595.7183.0194.9578.41----0.00172.9863.0716.4874.2820.58--14.87
Data as of Jan 25 2022. Currency figures normalised to River and Mercantile UK Micro Cap Investment Company Ord's reporting currency: UK Pound GBX

Institutional shareholders

37.98%Per cent of shares held by top holders
HolderShares% Held
Investec Wealth & Investment Ltd.as of 13 Apr 20213.38m9.98%
West Yorkshire Pension Fundas of 31 Mar 20203.13m9.23%
River & Mercantile Asset Management LLPas of 31 Dec 20213.00m8.85%
1607 Capital Partners LLCas of 23 Apr 20211.68m4.96%
Liontrust Investment Partners LLPas of 31 Oct 2019671.94k1.98%
Miton Asset Management Ltd.as of 30 Sep 2021480.00k1.42%
Jupiter Asset Management Ltd.as of 30 Sep 2021211.13k0.62%
Hawksmoor Investment Management Ltd.as of 31 Oct 2019145.97k0.43%
Wesleyan Unit Trust Managers Ltd.as of 30 Jun 202198.96k0.29%
CG Asset Management Ltd.as of 30 Sep 202174.50k0.22%
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Data from 31 Oct 2019 - 31 Dec 2021Source: FactSet Research Systems Inc.
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