|Standard Life UK Smaller Companies Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Standard Life UK Smaller Compani News
|Standard Life UK Smaller Compani Daily Update: Standard Life UK Smaller Companies Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SLS. The last closing price for Standard Life UK Smaller Compani was 398p.|
Standard Life UK Smaller Companies Trust has a 4 week average price of 392.91p and a 12 week average price of 374.39p.
The 1 year high share price is 404p while the 1 year low share price is currently 0p.
There are currently 67,748,564 shares in issue and the average daily traded volume is 48,955 shares. The market capitalisation of Standard Life UK Smaller Companies Trust is £269,639,284.72.
|henryatkin: I've got my doubts. Nimo said this in his latest report:
"From the start of the Company's financial year until 6 March 2014, the market was happy to take on risk and in particular support high growth companies, with valuation a secondary consideration. In general, markets took the view that the smaller the stock, the better the performance. This is typical of a bull market: stocks exhibiting earnings and price momentum were favoured. All this was supported by a buoyant economic backdrop, especially in the UK, but also in the US. Indeed an unusually strong confluence of economic growth and recovery was evident all round the world including Japan, China and even continental Europe. This was a vintage period for smaller companies, with this part of the market up by 27% in the period to 6 March 2014.
Following that date and Fed Chair Yellen's comments, investors, including the increasingly influential multi-asset, global macro segment, moved to reduce risk by exiting small and mid sized companies. This was often achieved by indirect methods such as derivatives or selling exchange traded funds (ETFs). This, in turn, caused selling in the underlying holdings and prompted downwards share price pressure in particular on the smaller constituents of the FTSE 250 which also coincide with some of our larger holdings. At the same time the new issues market was unusually active, particularly with retail new issues. Fund managers who wish to participate in these new issues tend to sell previous winners, especially existing retail holdings. High growth stocks which did particularly well in the preceding period were sold due to being seen as high risk. The microcap segment, in which this Company is only a small participant, was exempt from this major rotation as there are no derivatives in this part of the market. Microcaps were not weighed down by new issues. Indeed, there were strong money flows into this sub-sector during the year."
imho, at a coming of a correction or long period of consolidation high PER/high PEG growth stocks tend to sell off faster than income stocks. Smaller UK Funds are generally high PER/high PEG growth stocks which are the first to go risk-off. Hence year to date, SLS & BRSC are down 13% while SDV is only down 2%. Unit trusts low PER/low PEG, Slater Growth Fund & Marlborough Micro cap Fund have gained 12% & 6%, confirming Nimo's last two sentences.|
Standard Life UK Smaller Compani share price data is direct from the London Stock Exchange