Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Smaller Co Trust Plc LSE:BRSC London Ordinary Share GB0006436108 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,962.00 1,960.00 1,962.00 1,974.00 1,960.00 1,962.00 83,185 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 9.4 6.7 13.4 146.9 958

Blackrock Smaller Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
Whose gonna buy the first shares over 2000p. Been a decent performer but still trading at a discount. Has often been at nav in the past.
its the oxman
Top 20 shares held YouGov Survey data and specialist data analytics 21,298 2.9 Avon Rubber Safety masks 15,358 2.1 Breedon Construction materials 14,506 2.0 IntegraFin Platform for financial advisers 13,696 1.9 Games Workshop Developer, publisher and manufacturer of table top games 13,164 1.8 Impax Asset Management Asset management services 12,904 1.8 Watches of Switzerland Retailer of luxury watches 12,561 1.7 Treatt Development and manufacture of ingredients for the flavour and fragrance industry 12,094 1.7 Stock Spirits Group Branded spirits mainly in Eastern Europe 11,946 1.6 Pets at Home Pet services and products 11,418 1.6 CVS Group Operator of veterinary surgeries 11,345 1.5 Team17 Video game developer and publisher 11,218 1.5 Chemring Group Advanced technology products and services for the aerospace, defence and security markets 11,120 1.5 DiscoverIE Specialist components for electronics applications 11,046 1.5 Qinetiq Group British multi-national defence technology company 10,840 1.5 Liontrust Asset Management Asset management services 10,755 1.5 Ergomed Pharmaceuticals services provider 10,716 1.5 Central Asia Metals Mining operations in Kazakhstan and North Macedonia 10,356 1.4 Learning Technologies E-learning services 10,345 1.4 Calisen Leading owner and manager of utility meters 10,254 1.4 Twenty largest investments 246,940 33.8 Remaining investments 482,978 66.2 Total 729,918 100.0 Details of the full portfolio are available on the Company’s website at black
Yes great I did top up on the dips as I believe this is a low risk high performance trust as above states
Nice prompt rebound today. Good.
The UK stock market has been a disappointment for years, but with a vaccination roll-out among the best in the world, and the possibility of the UK attracting more foreign investment now the Brexit transition period has ended, there are reasons to be optimistic that Britain might outdo expectations if reopening the economy goes to plan.The UK has performed poorly partly because it has high exposure to older industries such as oil and gas, banking and mining and little exposure to high-growth technology companies. But if you look down the market cap scale there are, it seems, attractive investment options. "I'd say the UK is one of the few areas of value remaining in global markets, alongside Japan, so certainly not an area investors should ignore or give up on," says Rob Morgan, pension and investment analyst at Charles Stanley. However, the next 12-month consensus earnings for the Numis Smaller Companies Index + AIM ex Investment Companies is currently negative, highlighting the number of troubled companies out there and the importance of skilled stock picking. UK smaller companies funds have performed better than their peers, both over the past year and over the long term. Over the year to 18 February, investment trusts in the Association of Investment Companies UK Smaller Companies sector returned an average of 8 per cent, compared with a 2 per cent drop for the UK All Companies sector. And over the last 65 years, UK small caps, as measured by the Numis Smaller Companies Index + AIM ex Investment Companies, have outperformed the FTSE All-Share by about 4 per cent a year, according to BlackRock's analysis of data from Datastream.The investment trust structure is particularly good for smaller company funds, given the sometimes limited liquidity of small-cap stocks. Within the UK smaller companies investment trust sector, BlackRock has a well-respected team and two investment trusts; BlackRock Smaller Companies Trust (BRSC) and BlackRock Throgmorton Trust (THRG). Both are in the top five performers in terms of net asset value (NAV) returns over the past five years, according to Winterflood data. Both trusts have access to BlackRock's UK emerging companies research team, which undertakes about 700 meetings a year to spot under-researched companies with the best growth potential. The two trusts used to have the same manager, Mike Prentis, who handed the reins of BlackRock Throgmorton to Dan Whitestone in 2018, while Roland Arnold took over the management of BlackRock Smaller Companies in 2019, having been at the firm for two decades. A key difference between the two is the size of company they invest in. While four of the top 10 holdings in the trusts cross over, Throgmorton tends to hold larger companies, with 65 per cent of the portfolio having a market capitalisation of over £1bn at the end of November. The average market cap for companies in BlackRock Smaller Companies, meanwhile, is about half that of its sister fund at £600m, according to Morgan. BlackRock Throgmorton has had better performance, particularly over the past year. Whitestone benefited over the crisis from taking short positions. The trust also has high gearing, which was over 20 per cent on 18 February. While Whitestone has been extremely successful, we, like Morgan, currently prefer BlackRock Smaller Companies, a member of the IC Top 100 Funds list, because the managers may be able to add more value further down the market cap spectrum. On 18 January it traded at a discount to of 4.4 per cent to NAV, making it better priced than BlackRock Throgmorton, which traded at a 2.2 per cent premium. BlackRock Smaller Companies also has significantly less gearing at 6 per cent, no short positions and no performance fee.Fund positioning BlackRock Smaller Companies may not have performed as well against its peers in the past six months as it has over the longer term, but its net assets have risen 6 per cent – in line with its benchmark, Numis Smaller Companies ex Investment Companies. Arnold says he aims to find the 'hidden gems' within the small cap universe, investing in high-quality growth companies that are able to shape their own futures regardless of the wider economic environment.The trust's largest sector allocation is industrials at 26.7 per cent, ahead of 23.7 per cent for its benchmark. The trust's second-largest sector allocation is financials at 18.4 per cent – broadly in line with the benchmark. Technology and Healthcare make up 9.9 per cent and 6.4 per cent of assets, respectively. The trust had sharp losses in last year's sell-off owing to relatively high exposure to the UK domestic economy, through both consumer and travel and leisure companies. But Arnold believes a number of his holdings are poised to benefit when the economy opens up. In his latest interim report he gives pub groups Youngs (YNGA) and Fuller Smith & Turner (FSTA) as examples of companies that have dealt with the challenges of the pandemic well, and should see their competitive positions enhanced after lockdown. Arnold also purchased new holdings in City Pub Group (CPC) and JD Wetherspoons (JDW) last year, when he believed they had become very attractively priced.Shares in UK housebuilder Vistry (VTY), flexible office provider Workspace (WKP) and exhibition firm Hyve (HYVE) have also been detractors to performance, but Arnold believes all are in a strong position to benefit from a recovery. The trust does not provide a full list of its holdings, but the latest half yearly report showed its largest 20 holdings made up 34 per cent of the fund, so individual company risk is reasonably low. On the more positive side, the trust also holds a number of the stock market's favourite names. YouGov (YOU), Watches of Switzerland (WOSG) and drug development service firm Ergomed (ERGO) were its top top three holdings at the end of December, with Impax Asset Management (IPX) also in the top 10, whose share price has doubled over the past year along with the rise in interest in sustainable investing. The increase in takeover activity for small-cap companies, notably from private equity and overseas bidders, could prove a boon to performance this year. Cloud communications software specialist Imimobile (IMO) and smart meter installation and asset owner Calisen (CLSN) are two examples of companies whose share prices soared toward the end of last year following takeover bids.The outlook in the UK is still very uncertain, as new strains of the virus threaten vaccine efficacy. Smaller companies can be more financially vulnerable than the market stalwarts, and the trust is only suitable for investors with a high risk tolerance and a long-term investment horizon. This trust has not had the best performance in the sector, but it has a large portfolio of resilient companies that looks well positioned for a gradual opening of the economy. Buy.
Am back in , spreadbet via Spreadex
Doubled my money on Blackrock BRSC this year
A good smaller companies fund option is BlackRock Smaller Companies Trust (BRSC). Its managers look for growth companies with the potential to become much larger. They favour high-quality, cash-generative companies with strong management teams that are able to generate their own growth – regardless of the wider economic environment. Around half of its holdings' revenues are generated from overseas operations, which reduces UK economic risk. The trust is also well diversified with around 110 companies, helping to reduce stock-specific risk.The trust has a wider investment remit than some of its peers as it can invest up to half of its assets in Aim stocks. BlackRock Smaller Companies Trust's focus on higher-quality cash-generative companies mitigates some of the risk of investing in Aim and smaller companies, which can be more vulnerable to failure than their larger peers.The focus on higher-quality companies could also mean that the trust lags its peers and smaller companies indices if there is a cyclical or value-led recovery. But the trust's approach should deliver strong returns over the long term – as has been the case so far. It has an excellent long-term record. Much of this is attributable to a previous manager, Mike Prentis, who stepped down in June 2019. However, the trust's lead manager since then has been Roland Arnold, an experienced smaller companies manager who worked with Mr Prentis on BlackRock's small- and mid-cap UK equity portfolios for 14 years. He continues to be supported by BlackRock's UK small- and mid-cap team.
As the chart clearly illustrates, the share price literally fell off a cliff in March, so it's heartening to see the extent of the recovery. Still some uncertainty in my mind around the level of redundancies that will likely follow the end of the furlough scheme and the impact thereafter on SMEs.
Looking at the aim index this fund has actually underperformed over the last year which is quite surprising. Strong numbers from the fund but the aim index has doubled from the lows as well so actually just looks like a market wide rebound instead of fund or stock specific, so any half decent portfolio has doubled. Amazing to hear people who were down 20-30% in March be up 30% by year end, and fair play to them for sticking it out
Doubled my money here and dividends to come , they are on the way to £20 now we have brexited
Discount widening again in last few days...
Wider discount to some of its peers and still over 20% to get back to past high v 7% for hsl. Added 1470p yesterday.
its the oxman
Agreed also bought in March but not quite at bottom and then topped up in late September when wide delta to Nav and has closed dramatically since. Lots of investment trusts been good this year but very limited comment on BB - also have MTE since March which have been equally positive..
Nice rise lately.
Nice rise today, I am up 50% on my initial stake since buying in in March at 919
Just goes to show that if you can be patient, and time buying in here when the discount is wide, you stand to comfortably outperform the mid-cap and small-cap UK trackers.
Interesting move up in the last week or so, the discount had been widening since June to ~16% in late Sept but has closed to 9%, still well above historic values so hopefully has further to recover although COVID and Brexit negotiations could send it the other way.
hydrogen economy
Sure it's probably pricing in an expected fall, so if smallcaps fall 10%, it's already been priced in here, if they don't, then there is 10% additional upside. Either way this is now relatively good value versus it's benchmark index. (My preference is small / mid caps in the UK market with the FTSE 100 heavily weighted to companies with serious structural issues.)
Or is Mr Market pricing in expectation of greater falls among smallcaps due to COVID-19?
Looks undervalued now based on large discount. Divergence from UK mid caps and small caps over last 3 months purely down to widening discount to NAV, while NAV itself looks to have outperformed those benchmarks over the period.
Which way is the triangle formation on the chart gonna break? It looks imminent...
My prediction is that the share price by Xmas will be over £20 a share, well over
Well they have paid a div and imo a great level to buy in , a year down the line these will have doubled imo as they are buying up good quality stocks on the cheap
I am not bothered as they will be hoovering up equities on the cheap, 50% rise since I first purchased isn't bad
Chat Pages: 3  2  1
ADVFN Advertorial
Your Recent History
Blackrock ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210619 19:39:59