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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| River And Mercantile Uk Micro Cap Investment Company Limited | RMMC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 150.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 150.00 | 150.00 | 150.00 | 150.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 21/1/2021 15:52 by riverman77 The compulsory redemption is a positive move. Investors effectively getting a chunk of capital back at NAV. Should help to tighten the discount and recent performance also strong. |
Posted at 31/8/2018 13:27 by riverman77 Just bought back in here on a 8% discount by my reckoning. This seems to have stabilised now after the earlier wobble. The compulsory redemption mentioned above is one of the best things about this Trust in my view - fund managers are usually focused on making their funds as big as possible to maximise fees, to the detriment of performance. This fund has a cap of around 100m to ensure they can stay nimble, which is very refreshing. Investors can simply top up their holding if they want to maintain their exposure. |
Posted at 15/7/2018 18:27 by tin5866 Thank you, westcountryboy.Excuse my ignorance, but could the company not pay investors a 'special dividend' of some sort rather than cancel shares? Surely, that would be more accretive for shareholders - a nice payout and still the same number of shares held... I know I can't moan about the deal I signed up to, but still this is not nice reading: "To the extent that any redemption takes place at a time when the Ordinary Shares are trading at a significant premium to the prevailing unaudited NAV, Shareholders may receive an amount in respect of their redeemed Ordinary Shares that is materially below the market value of those shares prior to redemption." |
Posted at 02/5/2017 09:06 by mad foetus I think this board is proof that the best investments often attract the quietest investors! Stunning performance here, I have been accumulating for over a year now. |
Posted at 22/7/2015 14:10 by henryatkin As of 22/7/15 Marlborough UK Micro Caps unit trust has returned 25% pa compound since the start of 2009, 22% over the past over five years & 14% over ten years - all buy & hold. I wonder whether FMMC can better that record and where the markets will go from here.I suggest investors read more about the fund manager & charges in this article: |
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