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SLS Abrdn UK Smaller Companies Growth Trust Plc

732.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn UK Smaller Companies Growth Trust Plc LSE:SLS London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 732.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
733.00 741.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 732.00 GBP

Abrdn UK Smaller Compani... (SLS) Latest News

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Date Time Title Posts
07/9/202110:22Standard Life UK Smaller Companies Trust65

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Abrdn UK Smaller Compani... (SLS) Most Recent Trades

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Posted at 07/9/2021 10:22 by dr biotech
Anyone around here?

Interesting to see that performance over the last year has lagged the benchmark index buy a little, though 42% is still decent return. Hopefully they will outperform over the next part of the cycle that they allude to.

It compares to 59% that I had from Marlborough smaller companies. These two are my largest holdings accounting for almost 20% of my total portfolio. My largest single indiidual share is less than 5% so the importance of these can not be overstated.
Posted at 17/12/2019 09:29 by lozzer69
SLS now powering ahead and now at a premium ?
Posted at 21/7/2015 23:07 by uk2day
nice! did they mention a price target?
Posted at 02/9/2014 12:35 by 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.
Posted at 19/8/2014 15:18 by henryatkin
Looks like the pull back is over. Weekly candles:
Posted at 27/5/2014 07:19 by henryatkin
URVNME...I've had no problems "trading" small cap etf's with tech analysis. Tight spreads and good volatility. SLS high PER is largely down to the higher quality momentum stocks that Harry Nimmo selects so it tends to have a higher PER in both bull and bear markets and is no more or less likely to be have a higher volatility than any of its competitors. In fact Sharescope shows SLS & BRSC have the lowest volatility of all those you list, so long term you get highest returns with lowest volatility.
Posted at 24/5/2014 11:54 by urvnme
Short term is irrelevant unless you are trading ETF's.
10 year period returns excluding dividends & costs:
AAS 480%
SLS 480%
BRSC 350%
SCP 290%
HSL 260%
ASL 160%
SDV 60%

PeterBill... ETF's are a bit like property companies where P/E is of little use for valuation. Here most investors look at NAV premium or discount which is why that is the figure the funds publish. If you look at a property company like GPOR for instance you'll find its on an adjusted P/E of 57 but the Net Asset Value is £1932m with a current Market Cap of £2193 which represents a 13% premium to NAV (quite toppy).
P/E is a historic market sentiment valuation put on a stock by individual investors but NAV is what is considered to be closer to the intrinsic value of the company or fund.
Posted at 17/5/2014 08:15 by peterbill
I think SLS is still too expensive ... PE ratio of 63?, Divi yld of 1.3%, Cover 1.13, etc. ADVFN figures so may have to compare with Digital Look.
Posted at 13/3/2014 09:27 by henryatkin
Another high risk, high reward fund is Gervais Williams CF Miton UK smaller companies (CGLERS). It seems higher risk than SLS but is up 60% year to date compared to 30%.
I'm now looking at a basket of UK smaller company funds of SLS, BRSC, HSL, & CGLERS. Equally weighted they have a return of year on year +43.5%
Posted at 22/2/2014 09:28 by henryatkin
I wonder whether SLS's high valuation is holding it back relative to HSL & BRSC. It has lagged every year since 2009. SLS is red on the following chart:
Abrdn UK Smaller Compani... share price data is direct from the London Stock Exchange

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