Investment Trusts

Troy Income & Growth Trust

TIGT:LSE

Troy Income & Growth Trust

Actions
  • Price (GBX)72.10
  • Today's Change0.70 / 0.98%
  • Shares traded115.37k
  • 1 Year change-9.42%
  • Beta0.6108
Data delayed at least 20 minutes, as of Aug 07 2020 16:26 BST.
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Profile data is unavailable for this security.

About the company

Troy Income & Growth Trust plc is a United Kingdom-based closed-ended investment trust. The principal objective of the Trust is to provide shareholders with an income yield and the prospect of income and capital growth through investing in a portfolio of United Kingdom equities. The Trust has investments in United Kingdom-listed investment companies, property and banks. The Trust invests in various sectors, which includes oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, telecommunications, utilities, technology and financials. The investment manager of the Trust is Troy Asset Management Limited. The alternative investment fund manager of the Trust is PATAC Limited.

  • Revenue in GBP (TTM)-23.87m
  • Net income in GBP-26.21m
  • Incorporated1988
  • Employees0.00
  • Location
    Troy Income & Growth Trust10 St. Colme StreetEDINBURGH EH3 6AAUnited KingdomGBR
  • Phone+44 131 538 6610
  • Websitehttps://www.tigt.co.uk
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Profile

Management group(s)--
AIC sectorUK Equity Income
ISINGB0003708665
Launch date18 Jul 1988
Share typeOrdinary Share
Structure--
Base currencyGBP

Objective

To provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly UK equities. Asset classes other than equities will be purchased from time to time, will vary as opportunities are identified and will include convertibles, preference shares, fixed income securities and corporate bonds. However, non-equity securities will not constitute the majority of the portfolio. The Company may also use derivatives for the purpose of efficient portfolio management, including reducing, transferring or eliminating investment risk in its investments and protection against currency risk, to exploit an investment opportunity and to achieve an overall return.

Managed by

Francis Brooke, Hugo Ure

Management & contract fees

Management fee of 0.65% of NA.The fee is calculated monthly and paid quarterly. The contract is terminable on 6 months notice.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
TIGT:LSE since
announced
Transaction
value
Cameron Investors Trust PLCAnnounced22 Oct 201922 Oct 2019Announced-12.29%13.56m
Data delayed at least 20 minutes, as of Aug 07 2020 16:26 BST.

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)
Lindsell Train Investment Trust PLC, The-100.00bn-100.00bn234.50m0.00--1.23----------956.65----------18.71--18.99--90.81--89.46----0.0018.84-47.87-0.1435-47.130.4607--45.17
Schroder UK Public Private Trust PLC-430.55m-436.51m235.34m0.00--0.5236-----0.488-0.488-0.48080.4946-0.5635-------57.13---63.75-------------152.640.00---868.38---940.97------
Aberdeen New India Investment Trust PLC43.39m36.96m239.34m0.006.520.7227--5.520.62560.62560.73455.650.1288--190.70--10.9712.5211.6412.6393.4794.9585.1891.01--138.600.05390.00522.95--1,873.84------
Sherborne Investors (Guernsey) C Ltd-130.75m-137.40m241.50m0.00--0.5139-----0.1963-0.1963-0.18680.6713-0.2427-------25.50---25.51--------------0.00---2,228.60---3,372.14------
The Independent Investment Trust plc-50.03m-50.79m242.51m2.00--0.9551-----0.9286-0.9286-0.91294.67-0.1749-----25,014,500.00-17.7512.70-17.7612.72------97.91----0.0015.32172.577.58168.957.73--21.06
BMO Private Equity Trust PLC36.94m29.34m244.01m0.008.320.8136--6.610.39680.39680.49954.060.1103--971.97--8.7610.239.7310.7081.7583.1379.4380.99----0.153233.97-6.429.76-7.6916.03----
Scottish Oriental Smaller Co's Trust PLC-2.62m-7.05m247.39m0.00--0.7997-----0.236-0.236-0.087710.55-0.0082-------2.205.70-2.205.78--88.22--81.18----0.0018.34287.31-26.32143.83-34.43--0.00
Fidelity Asian Values PLC12.69m-10.54m249.40m0.00--0.889--19.65-0.1392-0.13920.17343.800.0443--8.07---3.6811.50-3.7111.6477.3266.80-83.05336.93--0.47140.0012.4959.11-11.08256.365.97--51.57
Troy Income & Growth Trust PLC-23.87m-26.21m250.56m0.00--1.05-----0.0764-0.0764-0.07840.6862-0.104-------11.428.32-11.588.35--92.15--89.20----0.0051.35110.257.88139.828.03--4.33
Lowland Investment Company plc-33.45m-37.49m250.73m0.00--0.6497-----1.39-1.39-1.2414.28-0.0715-------8.023.86-8.484.18--84.75--81.63----0.071677.63-297.72---392.53----9.97
Aberdeen Emerging Markets Invstmt Co Ltd-29.64m-33.44m251.66m0.00--0.947-----0.7275-0.7275-0.64475.78-0.0966-------10.907.10-11.647.40------85.91---98.110.044920.07214.22--193.81------
Fair Oaks Income Ltd32.50m31.60m258.88m--4.980.4624--7.970.09580.09580.09531.030.101--16.33--9.83--9.86--98.89--97.25------0.00---25.60---28.46------
Henderson European Focus Trust PLC-10.56m-14.09m264.89m0.00--1.07-----0.6555-0.6555-0.491311.58-0.0364-------4.857.91-5.439.25--90.58--86.27----0.0026.1759.09-9.12104.50-10.74--5.94
Henderson Eurotrust PLC52.67m49.44m266.94m0.005.400.9625--5.072.332.332.4913.090.1944--37.31--18.2511.0819.3211.2896.4993.3793.8789.25----0.0020.76-2.4912.90-2.6113.90--12.12
Baillie Gifford UK Growth Fund PLC-35.66m-37.64m267.17m0.00--1.01-----0.25-0.25-0.23691.75-0.1251-------13.201.38-13.221.40--79.58--71.40----0.00180.21-2,072.18---14,744.36-----9.12
Martin Currie Global Portfolio Trust PLC54.06m50.19m268.34m0.005.431.09--4.960.60370.60370.64933.020.2344--300.33--21.7612.5221.9312.5794.2694.8492.8491.68----0.0014.67889.0014.481,432.0214.29--0.4831
Data as of Aug 07 2020. Currency figures normalised to Troy Income & Growth Trust's reporting currency: UK Pound GBX

Institutional shareholders

40.11%Per cent of shares held by top holders
HolderShares% Held
Brewin Dolphin Ltd.as of 30 Sep 201929.02m8.45%
Hargreaves Lansdown Stockbrokers Ltd.as of 01 Jul 202017.82m5.19%
Schroder Investment Management Ltd.as of 09 Dec 201917.76m5.17%
Rathbone Investment Management Ltd.as of 30 Sep 201914.30m4.16%
Smith & Williamson Investment Management LLPas of 01 Jul 202012.45m3.62%
Aberdeen Asset Investments Ltd.as of 01 Jul 202011.46m3.34%
Standard Life Investments Ltd.as of 01 Jul 202010.08m2.94%
Troy Asset Management Ltd.as of 01 Jul 20208.73m2.54%
J. M. Finn & Co. Ltd.as of 01 Jul 20208.15m2.37%
Hargreaves Lansdown Asset Management Ltd.as of 01 Jul 20207.98m2.32%
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Data from 31 Mar 2020 - 29 Jul 2020Source: FactSet Research Systems Inc.
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