Investment Trusts

Troy Income & Growth Trust

TIGT:LSE

Troy Income & Growth Trust

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  • Price (GBX)70.81
  • Today's Change-1.19 / -1.65%
  • Shares traded83.70k
  • 1 Year change-14.17%
  • Beta0.6103
Data delayed at least 20 minutes, as of Oct 26 2020 10:18 BST.
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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.

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)
RTW Venture Fund Ltd-76.67bn-76.67bn230.43m------------------------------------------------------38.66------
Lindsell Train Investment Trust PLC, The-100.00bn-100.00bn234.00m0.00--1.22----------956.65----------18.71--18.99--90.81--89.46----0.0018.84-47.87-0.1435-47.130.4607--45.17
Blackrock Frontiers Inv Tst PLC-109.96m-115.30m242.45m0.00--1.24-----0.4779-0.4779-0.4560.8095-0.3973-------41.66-0.4111-44.38-0.4257--21.83---21.89---3,922.290.001--110.02-45.5377.23----4.40
The Independent Investment Trust plc-50.03m-50.79m244.24m2.00--0.9658-----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
Manchester & London Investment Trust plc27.73m24.04m244.96m0.008.931.05--8.830.73340.73340.86226.250.13--357.81--11.2715.6212.2416.3788.9093.0186.6890.98----0.0017.2149.6850.7851.1857.46--34.34
Lowland Investment Company plc-33.45m-37.49m249.92m0.00--0.6476-----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
Troy Income & Growth Trust PLC-23.87m-26.21m249.95m0.00--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
JPMorgan Russian Securities Plc2.62m-5.02m250.84m0.00--0.9244--95.85-0.1441-0.14410.05626.240.0087--13.25---1.6615.70-1.6615.75-34.4394.50-191.7888.38----0.0025.87149.43--178.33----21.91
Montanaro European Smaller Co.s Trust-4.84m-7.47m251.00m0.00--1.57-----0.4464-0.4464-0.28929.57-0.0278-------4.299.21-4.319.50--90.56--85.32----0.05719.98-121.64---137.75----4.28
Scottish Oriental Smaller Co's Trust PLC-2.62m-7.05m258.37m0.00--0.8461-----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
Fair Oaks Income Ltd-76.67bn-76.67bn259.10m----1.07----------0.4914----------------------------0.00---25.60---28.46------
Gresham House Energy Storage Fund PLC6.46m2.80m261.21m0.0024.551.14--40.450.04540.04540.04420.98040.0338--96.71--1.46--1.47--67.28--43.31------0.00--------------
Schroder UK Public Private Trust PLC-235.63m-241.36m261.92m0.00--0.6344-----0.2656-0.2656-0.25930.4544-0.3626-------37.14---45.24-------------98.040.2059---868.38---940.97------
Blackstone / Gso Loan Financing Ltd-32.62m-33.88m263.51m0.00--0.8398-----0.0798-0.0798-0.07080.7204-0.0924-------9.586.86-9.596.87--95.04--93.41----0.00285.58644.12--569.97------
Fidelity Asian Values PLC15.36m-55.25m264.88m0.00--0.9907--17.25-0.7478-0.74780.20653.640.0513--5.89---18.455.94-18.656.0184.7570.82-359.82165.89--0.183--28.0730.2711.47-328.74----33.56
BMO Capital Incm Invstmnt Trst PLC-70.38m-72.56m271.43m0.00--1.09-----0.6955-0.6955-0.68232.34-0.2309-------23.818.25-25.658.54--93.36--91.84----0.082741.43-4.1511.70-3.9113.76--3.15
Data as of Oct 26 2020. Currency figures normalised to Troy Income & Growth Trust's reporting currency: UK Pound GBX

Institutional shareholders

39.72%Per cent of shares held by top holders
HolderShares% Held
Brewin Dolphin Ltd.as of 30 Sep 201929.02m8.37%
Hargreaves Lansdown Stockbrokers Ltd.as of 01 Oct 202017.86m5.15%
Schroder Investment Management Ltd.as of 09 Dec 201917.76m5.12%
Rathbone Investment Management Ltd.as of 30 Sep 201914.30m4.12%
Smith & Williamson Investment Management LLPas of 01 Oct 202012.92m3.73%
Aberdeen Asset Investments Ltd.as of 01 Oct 202011.46m3.31%
Standard Life Investments Ltd.as of 01 Oct 202010.44m3.01%
Troy Asset Management Ltd.as of 01 Oct 20208.73m2.52%
Hargreaves Lansdown Asset Management Ltd.as of 01 Oct 20208.12m2.34%
J. M. Finn & Co. Ltd.as of 01 Oct 20207.08m2.04%
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Data from 30 Jun 2020 - 19 Oct 2020Source: FactSet Research Systems Inc.
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