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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aberforth Smaller Companies Trust Plc | LSE:ASL | London | Ordinary Share | GB0000066554 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -6.00 | -0.40% | 1,476.00 | 128,496 | 16:29:59 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,476.00 | 1,482.00 | 1,490.00 | 1,474.00 | 1,484.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Mgmt Invt Offices, Open-end | 114.95M | 103.34M | 1.2284 | 12.02 | 1.25B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:08:35 | O | 1,453 | 1,476.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/12/2024 | 16:27 | UKREG | Aberforth Smaller Companies Trust Plc - Transaction in Own Shares |
| 13/12/2024 | 09:30 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
| 12/12/2024 | 15:10 | UKREG | Aberforth Smaller Companies Trust Plc - Transaction in Own Shares |
| 12/12/2024 | 09:44 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
| 11/12/2024 | 16:18 | UKREG | Aberforth Smaller Companies Trust Plc - Transaction in Own Shares |
| 11/12/2024 | 10:10 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
| 10/12/2024 | 10:13 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
| 09/12/2024 | 16:02 | UKREG | Aberforth Smaller Companies Trust Plc - Transaction in Own Shares |
| 09/12/2024 | 09:51 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
| 06/12/2024 | 09:16 | UKREG | Aberforth Smaller Companies Trust Plc - Net Asset Value(s) |
Aberforth Smaller Compan... (ASL) Share Charts1 Year Aberforth Smaller Compan... Chart |
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1 Month Aberforth Smaller Compan... Chart |
Intraday Aberforth Smaller Compan... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/12/2024 | 12:15 | Aberforth Smaller Companies Trust plc...25 years on | 57 |
| 15/4/2014 | 07:55 | ARE SMALL CAPS MAKING A COMEBACK | 12 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-13 17:08:35 | 1,476.00 | 1,453 | 21,446.28 | O |
| Top Posts |
|---|
Posted at 14/12/2024 08:20 by Aberforth Smaller Compan... Daily Update Aberforth Smaller Companies Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker ASL. The last closing price for Aberforth Smaller Compan... was 1,482p.Aberforth Smaller Compan... currently has 84,124,605 shares in issue. The market capitalisation of Aberforth Smaller Compan... is £1,241,679,170. Aberforth Smaller Compan... has a price to earnings ratio (PE ratio) of 12.02. This morning ASL shares opened at 1,484p |
Posted at 10/12/2024 12:15 by davebowler Kepler...One trust that has benefitted from the M&A rush has been Aberforth Smaller Companies (ASL). The six-strong management team have an enviable track record of takeouts, having captured over a third of all M&A activity in their benchmark, the Deutsche Numis UK Smaller Companies ex Investment Companies Index, plus TI Fluid Systems which was a top five position at the end of November. This is simply an outcome of their stock selection approach and strong focus on valuations, and not a goal despite the high hit rate. The managers also engage actively with buyers if they don't believe a bid reflects the real value of the firm, and have a good track record of improving outcomes for all shareholders.Whilst M&A has been a positive contributor to performance, the strong focus on valuations has been the primary driver, leading to outstanding performance over multiple time periods. The managers describe this as their 'value roll' approach, which has seen average portfolio sales of 10.1x EV/EBITDA, versus an average 8.3x for purchases. For context, the average sale for their takeovers has been 13.9x showing the value bid activity has added. As such, we believe ASL can continue to deliver outperformance should the return of inflows prove short-lived, though it would certainly prove a healthy tailwind to a trust that has outperformed notably in the c. three and a half years since the UK last saw net inflows. |
Posted at 08/7/2024 08:45 by davebowler Net Asset Value ("NAV") per Ordinary Share for the above company as at the close of business on 4 July 2024Including ALL Revenue = 1,708.43p |
Posted at 04/7/2024 08:38 by davebowler ''Despite the recent good run in absolute terms, the managers still believe the market offers very compelling value opportunities. They note that valuations reflect poor sentiment, but fundamentals are nowhere near as bad as these falls would suggest, and therefore there is the potential for a significant rebound. To support this, the managers note that the UK is undervalued versus global markets, small-caps are undervalued versus large-caps and ASL is undervalued versus the benchmark. As such, they believe their portfolio is on an effective triple discount.'' |
Posted at 08/2/2024 11:41 by the deacon Monthly investment commentary: JanuaryThe UK stock market fell in January and trailed the gains made by other major international indices. The disinflationtrend continues, but CPI releasesin the month were not as low as hoped. As a result, expectations for the first roundof rate cuts from the Federal Reserve and Bank of England have been pushed further into the future. Within the UK,large caps performed slightly better than small caps and the growth style out?stripped value. The Fund was down by2.0%, in?line with the 2.0% decline of the benchmark DNSCI (XIC) and behind the FTSE All?Share's 1.3% fall.The leading positive contributor to performance was Wincanton, the logistics provider. It was subject to arecommended cash offer from a subsidiary of CMA CGM, the French shipping and logistics operator. CMC Markets,the financial derivatives dealer, performed strongly following the announcement of improved quarterly trading, ledby an increased contribution from its B2B and institutional business. Foxtons Group, the estate agent, was anothergood performer as it issued a positive trading update, which indicated 2023's earnings would come in ahead of priorexpectations.Lo |
Posted at 16/1/2024 17:18 by davebowler Peel Hunt- Similarly, ASL's price to earnings of 6.9 times is a near record low, reflecting its focus on the smaller company end of the UK, where the discount to global markets is particularly stark. Peel Hunt emphasised the portfolio has strong balance sheets, with under 20% holding net debt twice as high as pre-tax profits.The £1.3bn trust benefited from increased M&A in 2023, driving shareholder returns of 6%, ahead of its benchmark's 4%. While the shares trade at an 11% discount, Peel Hunt does not expect it to persist as international and domestic buyers realise the returns on offer at the small-cap end of the UK market. |
Posted at 12/1/2024 15:33 by davebowler Tip Watch #2: Keep faith in my 2023 investment trust tips - they WILL come goodSo says This is Money’s Jeff Prestridge. The commentator opens his above-titled article by highlighting how in 2023 “…equit As for Prestridge’s 2023 tips: “This time last year, I assembled an investment trust portfolio that I thought could deliver spectacular returns. Not necessarily straightaway, but certainly over three to five years. The portfolio comprised ten trusts…invest abrdn New India; Augmentum Fintech; Herald; Seraphim Space; Aberforth Smaller Cos.; Brunner; Invesco Asia; Schroder UK Mid Cap; Templeton Emerging Markets; and VinaCapital Vietnam Opportunity The article continues: “So what's happened to these trusts over the year? Have they delivered the stellar returns I thought they were capable of? The answer is no. I know this because I invested £100 in each of these ten trusts at the start of the year via my stocks and shares Isa. Looking at my Isa yesterday, the collective value of these holdings was £845.32. Add in the dividend income I have received of £15.09, and my £1,000 investment is now worth £860.41. In percentage terms, that is a significant fall of 14 per cent.” Despite the disappointing performance, Prestridge is sticking to his guns: “…I still believe that this portfolio will prove itself in time. Tellingly…nin |
Posted at 21/12/2023 09:31 by davebowler The Net Asset Values ("NAVs") per Ordinary Share for the above company as at theclose of business on 19 December 2023 were:- Excluding current year Revenue = 1,457.80p Including ALL Revenue = 1,504.45p |
Posted at 17/11/2023 07:25 by davebowler IC...This trust, which has assets worth over £1bn, invests in UK smaller companies and was trading at a 12.7 per cent discount to NAV as of 31 October. But my feeling is that UK equities trusts in general, especially small and mid-cap focused ones, look quite attractive. The valuations of Aberforth Smaller Companies’ holdings in particular look reasonable, as well as the trust being on a discount to NAV.The underlying portfolio has a price/earnings ratio (PE) of about 7 times [in late October] and from that valuation the prospects for absolute gains are good. About half of its stocks have net cash on the balance sheet so they are not highly leveraged ‘zombie’ companies. Even if earnings don’t come through, the portfolio is still very inexpensively valued. And its managers have noticed a pick up in mergers and acquisitions – overseas investors buying UK smaller companies. I hope that the Aberforth trust will outperform the FTSE All-Share index over the next three years, but in any case buying at about £11.44 [the price at the time of writing] will make you money eventually – if you are patient. The trust is more likely to go down than up in the next three months, and its managers take a value oriented approach so returns will either be at the top or bottom of its sector. Over the past decade this investment style has not done well but is a bit of a tailwind at the moment. And as interest rates peak out and inflation comes down, purchasing a well run portfolio should pay off even if we go into recession. |
Posted at 05/12/2020 09:50 by skwas1 Hi all, any idea why ASL has outperformed ASIT over the last month (40% vs 23%). Considering the increased gearing of ASIT i fund this surprising.Thanks |
Posted at 09/11/2020 14:37 by king_baller Big shift into small cap value going on with today’s vaccine news / sentiment. If, as is likely, there is Brexit progress in the near turn there could be a quick 30 percent bounce in ASL. Good opportunity to buy in at a particularly large discount, which I’ve taken. |
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