|Schroder UK Growth Fund
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|Schroder UK Growth Daily Update: Schroder UK Growth Fund is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SDU. The last closing price for Schroder UK Growth was 175.50p.|
Schroder UK Growth Fund has a 4 week average price of 168.50p and a 12 week average price of 166.25p.
The 1 year high share price is 176.75p while the 1 year low share price is currently 139.25p.
There are currently 155,784,184 shares in issue and the average daily traded volume is 124,445 shares. The market capitalisation of Schroder UK Growth Fund is £273,790,703.38.
|irenekent: Still little progress and a lousy yield after all the fees. This should be put out of its misery. An absolute disgrace. They are even buying back shares to be held in treasury. What for - to pay bonuses I suspect. The shares should have been cancelled to reduce the number of shares out there and help the share price.
This company should follow the practise of Woodfords and abolish the bonuses.|
|isa23: Seems the manager is back to form. I've been following his popular UK Alpha Plus fund recently, and it's starting to perform. With discount to NAV of 16% @ current price & 3.2% Divi, share price has a lot further to go|
|washbrook: Since the low of 12.3.03 at 3287 FTSE and [sdu] 64.75p
FTSE to 10.10am today FTSE @3996.5 = up 21.58%
sdu to 10.10am today 78.5p = up 20.849%
The point that ENERGYI makes is a valid one although the warrants have expired the share price applies with the yld being over 5% :|
|energyi: From Info thru WT:
Exercise Date Wt.Price Stock. v.NAV..Ratio.. Exerc.
31-Aug-02.... 4.5..... 101.25 -13.1... 1.0.. 100.0
In other words, you pay 4.5P for the right to Buy SDU stock
at 100P, when it is trading at 101.25 and has an NAV near 120P.
This is an effective volatility of:
Cost of Warrant..: 4.50
Intrinsic Value..: 1.25
Time Value.......: 3.25
In-the-money adj.: 0.61
Adjusted Value...: 3.86
As % of Share....: 3.81%
Adj. for 12 mos..: SQR(12)/SQR(3)=2.00 x 3.81%= 7.62%
Gross up to Vol. : 19.05%, effective Volatility
Note: this ignores the higher NAV and efforts that Co. might
take to extend warrants, or push up the Share price to get
|drpjst: SDU has spent the last couple of years buying up its own shares. Last year they picked up 18 million shares, in excess of 8% of the company. This year they bought 17 million shares. Even so they trade on a 20% discount to NAV.
In 2000 SDU announced it was re-examining its portfolio, making it clear that it was "neither an aggressive growth fund nor a technology fund, and remains a UK Growth Fund invested in UK equities for long-term capital growth." It has spent the past couple of years weeding out stocks that no longer fit the stated aims. This, in part, has provided SDU with the capital to buy back approximately 16% of its shares for cancellation. The Fund is now leaner, fitter and prepared for the upturn when it comes.
Although the company has suffered in the downturn, I believe it will show the same kind of returns it enjoyed between 1995 and 1998 when the share price doubled.|
Schroder UK Growth share price data is direct from the London Stock Exchange