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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Merchants Trust Plc | LSE:MRCH | London | Ordinary Share | GB0005800072 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.36% | 554.00 | 554.00 | 555.00 | 558.00 | 554.00 | 558.00 | 207,529 | 15:37:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -19.53M | -30.25M | -0.2032 | -27.26 | 824.78M |
TIDMMRCH
Merchants Trust PLC
12 June 2017
London, UK, 12 June 2017
Edison issues review on The Merchants Trust (MRCH)
The Merchants Trust (MRCH) aims to generate a high and growing level of income with the potential for long-term capital growth from a relatively concentrated, actively managed portfolio of UK equities. At end-January 2017, the benchmark was changed from the FTSE 100 index to the FTSE All-Share index, reflecting the evolution of the portfolio over several years towards a lower exposure to large-cap equities, giving the manager the opportunity to select from a broader range of dividend-paying companies. MRCH has a competitive yield compared to the UK stock market and also versus its peers. It has a progressive dividend policy and has increased its annual dividend for the last 35 consecutive years.
MRCH's current 6.4% share price discount to cum income NAV with debt at market value is modestly wider than the 6.2% average discount of the last 12 months. It is also wider than the averages of the last three, five and 10 years (range of 2.2% to 3.7%). The trust has a progressive dividend policy; its annual dividend has grown for 35 consecutive years and over time it has grown at a higher rate than UK inflation. MCRH currently yields 5.1%.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
Investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
June 12, 2017 05:40 ET (09:40 GMT)
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