Blackrock Smaller Share Price (BRSC)

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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 Shares Traded Last Trade
  -4.00 -0.31% 1,286.00 50,903 16:24:28
Bid Price Offer Price High Price Low Price Open Price
1,284.00 1,288.00 1,300.00 1,260.00 1,262.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.39 17.34 35.29 36.4 628
Last Trade Time Trade Type Trade Size Trade Price Currency
17:14:15 O 342 1,286.064 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Auctus Growth (AUCT), Energiser Investments (ENGI)

Blackrock Smaller (BRSC) Latest News (2)

Blackrock Smaller News

Date Time Source Headline
01/7/202212:02UKREGBlackRock Smll Cos Net Asset Value(s)
01/7/202207:00UKREGBlackRock Smll Cos Total Voting Rights
30/6/202211:43UKREGBlackRock Smll Cos Net Asset Value(s)
29/6/202211:33UKREGBlackRock Smll Cos Net Asset Value(s)
28/6/202211:46UKREGBlackRock Smll Cos Net Asset Value(s)
27/6/202213:25UKREGBlackRock Smll Cos Net Asset Value(s)
24/6/202211:45UKREGBlackRock Smll Cos Net Asset Value(s)
23/6/202212:02UKREGBlackRock Smll Cos Net Asset Value(s)
22/6/202212:27UKREGBlackRock Smll Cos Portfolio Update
22/6/202211:44UKREGBlackRock Smll Cos Net Asset Value(s)
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Blackrock Smaller (BRSC) Discussions and Chat

Blackrock Smaller Forums and Chat

Date Time Title Posts
25/6/202214:02Orphan84

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Blackrock Smaller (BRSC) Top Chat Posts

DateSubject
01/7/2022
09:20		Blackrock Smaller Daily Update: Blackrock Smaller Co Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BRSC. The last closing price for Blackrock Smaller was 1,290p.
Blackrock Smaller Co Trust Plc has a 4 week average price of 1,260p and a 12 week average price of 1,260p.
The 1 year high share price is 2,225p while the 1 year low share price is currently 1,260p.
There are currently 48,829,792 shares in issue and the average daily traded volume is 65,530 shares. The market capitalisation of Blackrock Smaller Co Trust Plc is £627,951,125.12.
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22/11/2021
14:31		speedsgh: Some interesting in today's update... HTTPS://www.investegate.co.uk/blackrock-smaller-companies-tr--brsc-/prn/portfolio-update/20211122125745P7258/ ... The current environment continues to present us with challenges and the market remains vulnerable to spikes in volatility. However, we see the current challenges as an opportunity for this strategy. While there are many concerns around supply chain issues and rising cost inflation, these issues are supply-side rather than demand-driven, and we believe that a supply-side issue in a capitalist market promotes a supply-side response, i.e. more investment. We would be much more concerned if the issues were demand-led, which would raise the spectre of stagflation. Ultimately, we believe we own well-invested firms with pricing power, in markets where latent demand is high, so we think that we are in the right place. There is no financial crisis, consumers don’t have masses of debt, corporates are well capitalised and banks have capital. We don’t believe any rate rises will derail the recovery, and most importantly we are confident that we own market leading businesses. We thank shareholders for their continued support.
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28/2/2021
09:54		xtrmntr: 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.
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09/2/2021
12:21		malcolmmm: Doubled my money on Blackrock BRSC this year
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23/1/2021
18:33		xtrmntr: 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.
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23/6/2020
14:22		malcolmmm: My prediction is that the share price by Xmas will be over £20 a share, well over
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04/9/2017
17:08		scottishfield: Quiet board, good share
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08/5/2017
11:32		henryatkin: Historically BRSC trades at around -10% to -14% discount to NAV. Currently -13%.
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11/4/2017
13:00		nimbo1: fantastic performance here of the underlying holdings. Nav growing well - another top 10 position JD sports released great results today. Discount to NAV should be under 10% IMO and I think BRSC will do more to maintain it at some point. Im not complaining though - buying such quality at 18% off is damn fine business.
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13/2/2017
11:14		nimbo1: Hi Bill, nice to know I have company. Agreed. A lot of them looking great especially if acquired a few weeks ago. BRSC, HOT and ASCI I hold. Any you would suggest I look into?
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23/2/2014
14:16		henryatkin: Hi Harry. I don't take anything for granted as BRSC only returned 20% from 1994 to 2004. UKX returned 35% over the same period. Large caps do have some periods of outperforming smallcaps. P/E values of smaller companies are currently much higher than their normal 10 year average level and higher than Bluechips in many cases. I guess its a case of keeping an eye on the trend lines and having a stop-loss prepared. http://www.ft.com/cms/s/0/282e908e-220b-11e3-bb64-00144feab7de.html?siteedition=uk#axzz2hXcsIy2a
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