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RMMC River And Mercantile Uk Micro Cap Investment Company Limited

184.50
0.00 (0.00%)
24 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
River And Mercantile Uk Micro Cap Investment Company Limited LSE:RMMC London Ordinary Share GG00BNDMJP11 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 184.50 181.00 188.00 184.50 184.50 184.50 205,258 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

River And Mercantile Uk ... Share Discussion Threads

Showing 76 to 98 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
29/5/2024
09:54
If the market makers could get hold of any stock I suspect this would go to 190p in very short order.
tradertrev
29/5/2024
09:53
Can't even buy 500 shares now.
tradertrev
23/4/2024
12:02
Can't even buy 1000 shares despite the price rise!!
tradertrev
22/4/2024
14:46
Real price currently is 151-155, but can only buy 1,000. NAV going up, share price going down. Can't continue like that for long!
tradertrev
01/3/2024
11:37
The spread is what stops me dipping my toe here - it's huge, would require a years decent growth to just be cash neutral.
affemoose
29/2/2024
09:33
Somebody just paid 174.5p for stock! Must have been for reasonable size as it was way outside the spread you could already drive a bus through!
tradertrev
19/2/2024
12:15
The Citywire pitch by George Ensor was IMO a good listen, in economics and Micro-caps in general. He mentioned the on ongoing RMMC spread issue.
tightfist
17/2/2024
14:43
Why is the spread so wide?
thaiger
21/1/2024
08:59
HTtps://citywire.com/investment-trust-insider/news/river-and-mercantile-here-comes-a-golden-era-for-uk-micro-caps/a2434411?re=116791&ea=252901&utm_source=BulkEmail_Invest
davebowler
11/5/2021
12:09
Looking a good buy again after this pull back. See how the week progresses
shaker44
28/4/2021
16:16
I agree, it's a novel way of improving the discount but a blunt instrument
mike the mechanic
28/4/2021
10:01
Another redemption. TBH I would be quite happy if they allowed NAV to increase to £150m and used redemptions to bring it down to £125m. I don't feel it is too big at all and having to constantly sell MXCT in particular is bonkers.
donald pond
21/1/2021
15:52
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.
riverman77
12/1/2021
11:34
Now Capital Partners Richmond VA are declaring a holding of 6.14% completed on 11.1.21.
a1samu
12/1/2021
11:03
Derbyshire CC pension fund sold out all of its 6.25% holding on 8.12.20.About time !
a1samu
21/12/2020
12:12
It is not Stephen Coe they want. They want a highly rated fund manager, whom they refuse to find!
a1samu
21/12/2020
12:12
It is not Stephen Coe they want. They want a highly rated fund manager, whom they refuse to find!
a1samu
12/12/2020
10:06
Performance is strong so don't know what your issue is. I personally bought back in recently having sold a couple of years back when it went to a big premium and looked frothy. Now on 18% discount it looks good value. Looking at NAV return it's the second best performer on 1y and 5y, and amongst the top performers over 3y (this is in the small cap IT sector). Yes it had a bad spell in late 2018 but otherwise pretty good. The new FM is fairly inexperienced, but R&M have a big team of analysts to so not too concerned about that. The portfolio also looks good and I actually own several of their picks myself.
riverman77
12/12/2020
09:03
Question is then, why didn't you sell, and reinvest in one of those!
tiltonboy
12/12/2020
06:41
My issue is simple. I am totally angry with myself, for ever having invested in R&M. In my ignorance I invested in this cowboys run trust, who all they could do is to sack their two star rated manager and brought in Ensor who is absolutely incompetent and he will never recoup me my money!Underperforming Trusts like this is two to a penny and the industry is populated with them. I now know that I would have doubled my money by now, and more if I invested in Finsbury or Ibex or Apple.

It is quite right to call this "a difficult area of the market" and this is why this manager and directors are dishonest with their shareholders, by not asking to liquidate this trust altogether. Also it confirms that this cowboy outfit is not able to cope with this area of the market.

It is outrageous to have to sit around, hoping that they will buy back some shares, whereas they should be preforming in a substantial and serious way, which they do not do, mind you I do not know of any other trust that may be outperforming them and therefore the segment invented is just hopeless and has been created just to give some overpaid directors and managers exhorbitant wages at the expense of the shareholders.

a1samu
11/12/2020
13:36
a1samu,

Edited, thanks.

I don't know what your issue is with the managers. In a difficult area of the market, they have performed well.

tiltonboy
11/12/2020
10:49
Bit of a wishful thinking tilton. MC is £85M @1.82, but £107M @ Net assets of £2.3153, which is pie in the sky. If Ensor and his directors and other managers were rated managers, we would not have stupid issues like this!

In July 2018 NAV grew to £112M & £12M was returned at a share price of £2.1659 each of the redeemed shares.

a1samu
08/12/2020
15:32
NAV up to £107m. The next Tender may not be too far away.

Managers doing a fantastic job!

tiltonboy
Chat Pages: 4  3  2  1

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