Montanaro Uk Smaller Com... Share Discussion Threads

[panshanger1] 15/10/2020 09:31

Decent relative performance too

[speedsgh] 15/10/2020 09:03

Dividend Declaration - HTTPS://www.investegate.co.uk/montanaro-uk-smlrcos--mtu-/rns/dividend-declaration/202010141703431199C/ The Directors have declared that an interim dividend of 1.31 pence per ordinary share will be paid on 20 November 2020 to shareholders on the register at the close of business on 23 October 2020. The ex-dividend date will be 22 October 2020.

[pugugly] 20/9/2020 07:26

Tipped by MOS today - https://www.dailymail.co.uk/money/investing/article-8748581/TRUST-WATCH-Montanaro-UK-Smaller-Companies-Trust.html#newcomment Should be good for a pip on Monday - fyi Been on watch list but not invested. EG_ Trust you are keeping well and avoiding Covid -

[erogenous jones] 18/5/2020 22:45

I hold both this and its European counterpart. MTE has out performed MTU.

[panshanger1] 18/5/2020 17:20

Think this trust has held up very well in the uk smaller cos carnage Discount has widened and comes with a decent dividend

[erogenous jones] 13/2/2020 14:17

I have doubled my holding this week. I like to average up.

[panshanger1] 23/12/2019 10:50

Nice move up on some solid buying This 'quality' trust has had some positive press comment recently and has decent momentum

[tonytyke] 13/12/2019 08:40

Crikes, what a spike this morning, back to around NAV.

[topvest] 28/11/2019 17:39

Yes, nice to see some growth from this quality trust.

[tonytyke] 28/11/2019 17:06

Very pleasing - I did highlight on the 8th Nov that this seemed to be on a move and it appears to have re-rated very quickly. NAV is 142.18p, so still discounted, but not heavily now. Hopefully it does not slide backwards from here.

[essentialinvestor] 18/11/2019 18:17

Hold a small amount of these in place of ASCI. My only reservation, exposure to AIM is at around 25% of the fund.

[tonytyke2] 18/11/2019 11:51

Apologies...….I did mean MTU.

[noiseboy] 13/11/2019 01:46

Who is MNO?!

[tonytyke] 08/11/2019 17:18

The share price seems to be moving upwards of late and there appears to be some increased volumes traded since around mid Oct. Still well discounted with a NAV of 135.47p. John Baron highlighting again in his investment trust portfolio section today, in the IC, that some outperformance in UK smaller caps is due. MNO highlighted as one of the trusts in his portfolios.

[mellotrustsandfunds] 01/2/2019 13:40

Montanaro are excited to announce they will be exhibiting and presenting at the Mello Investment Trusts and Funds Event on Wednesday 15th May 2019 at the Clayton, Chiswick. George Cooke(Manager of the European Smaller Companies Trust) is a keynote speaker. Other Montanaro team members will be available to discuss investment management. The Mello Event will be jam packed full of investment trusts and funds presenting and exhibiting. Delegates will have the opportunity to intimately research the holdings and strategies used by fund managers. And find out about future opportunities in varying sectors and geographies around the world. There will be lots of top quality speakers and panel sessions to entertain and inform our Mello investor community. www.mellotrustsandfunds.com See you there.

[topvest] 10/9/2018 20:46

I guess, its just about sustainable, but top end with a near 5% yield. Think they would have been better at 3-4%.

[wirralowl] 10/9/2018 09:14

I like the idea in principle, but wonder if its sustainable..? From their 26/7 RNS statement: "The Company's dividends will be funded out of capital reserves to the extent that current year revenue and revenue reserves are insufficient."

[speedsgh] 07/9/2018 12:27

from IC John Baron's Investment Trust Portfolio... HTTPS://www.investorschronicle.co.uk/tips-ideas/2018/09/06/the-uk-market-darkest-before-the-dawn/ Portfolio changes During the first half of the month, Chelverton UK Dividend Trust (SDV) was sold in the Growth portfolio, as was Acorn Income Fund (AIF) in the Income, and both were replaced by Montanaro UK Smaller Companies (MTU)... ...MTU had drifted to an 18 per cent discount when bought courtesy of lacklustre performance over recent years. Speaking with Charles Montanaro, a number of factors now warranted support. These include an investment process focused on choosing quality companies, the return of Charles as the lead fund manager, a reassessment of the portfolio including an increased emphasis on Alternative Investment Market (Aim) stocks, and the introduction of a new dividend policy equating to a yield exceeding 4.8 per cent when bought...

[topvest] 20/7/2018 17:39

I’m not really that bothered with the discount at this level. The trust is well run and is good for a 10% total return per annum. Happy to hold and I don’t think your options would do much long term other than to reduce the size of the trust to a level that was uneconomic.

[biggest bill] 20/7/2018 09:04

The company is taking no steps whatsoever to address the huge discount (over 21% today) at which mtu trades. This is the biggest discount in the smaller companies sector. The discounts of other smaller companies have fallen significantly over the last 18 months but mtu's discount has stayed stubbornly high. The company has a number of options to reduce the discount: 1. Convert to a unit trust or oeic. 2. A tender offer to buy back some shares at say a 5% discount to nav. This will increase the nav for the remaining shares and allow investors to get out at a decent price. 3. Announce that they will set a maxiumum target for the discount of say 10% by buying shares in the market and cancelling them. This will also increase the nav for the remaining shares. If you think the company will take any of these steps, the shares are a raging buy. The shares are probably a buy anyway if the discount shrinks close to the average for smaller company investment trusts. This might actually happen anyway because of reversion to the mean.

[cordwainer] 16/2/2017 17:15

woah, shocker, 5.5% in a day. Glad I got into this end of December .. was wondering whether the discount would last forever.

[biggest bill] 16/2/2017 12:59

I see that Questor in the Telegraph has tipped this trust today. He says that the current discount is far too large and can't last. There is a continuation vote next year and he expects the discount to gradually narrow up to the vote.

[cordwainer] 03/1/2017 22:10

topvest, I would prefer 5% initial max, up to 8% max weighting per stock with outperformance, with max 60% weighting for top 10. Suspect current policy results in a higher OCF ?