River And Mercantile Uk ... Share Price (RMMC)

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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 Shares Traded Last Trade
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  -1.00 -0.61% 163.00 17,358 12:04:41
Bid Price Offer Price High Price Low Price Open Price
158.00 168.00 164.00 163.00 164.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 50.68 1.27 128.3 55
Last Trade Time Trade Type Trade Size Trade Price Currency
16:09:56 O 4,000 159.10 GBX
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River And Mercantile Uk ... (RMMC) Latest News (1)

River And Mercantile Uk ... News

Date Time Source Headline
27/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
26/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
25/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
24/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
23/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
20/1/202315:42UKREGRiver & Mercantile UK Micro Cap Inv Notice of AGM
20/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
19/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
18/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
17/1/202315:00UKREGRiver & Mercantile UK Micro Cap Inv Net Asset Value(s)
More River And Mercantile Uk ... News
River And Mercantile Uk ... Investors    River And Mercantile Uk ... Takeover Rumours

River And Mercantile Uk ... (RMMC) Discussions and Chat

River And Mercantile Uk ... Forums and Chat

Date Time Title Posts
15/8/202110:12River & Mercantile UK Micro Caps85

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River And Mercantile Uk ... (RMMC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-01-27 16:09:58159.104,0006,364.00O
2023-01-27 15:05:27159.003,1615,025.99O
2023-01-27 14:39:35159.002,3423,723.78O
2023-01-27 14:33:38159.001,0001,590.00O
2023-01-27 14:33:19159.004,0486,436.32O
View all River And Mercantile Uk ... trades in real-time

River And Mercantile Uk ... (RMMC) Top Chat Posts

Top Posts
Posted at 28/1/2023 08:20 by River And Mercantile Uk ... Daily Update
River And Mercantile Uk Micro Cap Investment Company Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker RMMC. The last closing price for River And Mercantile Uk ... was 164p.
River And Mercantile Uk Micro Cap Investment Company Limited has a 4 week average price of 159p and a 12 week average price of 138p.
The 1 year high share price is 260.50p while the 1 year low share price is currently 132p.
There are currently 33,897,954 shares in issue and the average daily traded volume is 13,959 shares. The market capitalisation of River And Mercantile Uk Micro Cap Investment Company Limited is £55,253,665.02.
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Posted at 28/7/2020 10:15 by mike the mechanic
Yes, RMMC is tarred by other small ITs and the wide buy/sell spread. Good to see movement today
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Posted at 04/2/2020 13:26 by a1samu
There should be something this fund manager should be able to do to narrow the gap between net asset value and share price like buy back shares if he is unable to pick winners, which the market believes by downgrading substantially the value here!

Discount or premium is an indicator as to the prospects of a fund.

This fund is habitually under performing and shareholders can only sell the shares at a massive discount!

The best solution would be to wind up this fund and return the monies to the shareholders.

This is a repeat of Woodford, the Manager having spent all of his cash, sitting om his hands, hoping something will turn up and in the meantime regardless his responsibility towards his shareholders, continues to charge them fees, costs, wages whatever he can get away with! The FCA should step in and liquidate hopeless situations like this, just like they have never done it with Woodford!
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Posted at 15/7/2018 14:05 by tin5866
Having bought this a few months back - when the discount seemed irrationally large - I am wondering if there is much point in continuing to hold it.

Compulsory redemption means number of shares held reduces.

Buying some more shares means more dealing costs (and shares now more expensive as discount has narrowed - although accepting that share price could go the other way as well).

Compulsory redemption is also a nice payday for the manager (performance fee triggered).

Any future compulsory redemption (always at NAV) could be when NAV is well below share price.

Company will never pay dividends.
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Posted at 13/7/2018 18:58 by westcountryboy
The shares are redeemed at the stated price so you are deemed to have sold them at that price and obviously you then have fewer shares. What the share price subsequently does is up to the market. The share price has been depressed recently for other reasons, to do with the forced change of management - perhaps unreasonably (I think so anyway). In the recent past RMMC traded at a premium to NAV which was probably also unreasonable. In general I think a discount of 5-10% to NAV is the most likely share price outcome going forward, assuming the market gets more comfortable with the new management's performance.
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Posted at 13/7/2018 15:08 by dragonsteeth
Excuse my ignorance but this “Redemption221; is a new one on me, I’m more used to share buy backs . So the share price goes up , then at a certain date 10% approx of shares/ NAV is redeemed and the proceeds paid to shareholders of record. Presumably the share price will fall back close to price a few days ago but we receive extra money? Is that about right, thanks ?
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Posted at 23/4/2018 10:50 by eh9
Numis 370p price target 23/4/18
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Posted at 15/2/2018 15:28 by slopsjon2
Article in Shares mag page 6

Shock as highly respected small cap fund manager is pushed out
Experts now believe several River & Mercantile funds could see big outflows

SHARES IN investment trust River & Mercantile UK Micro Cap (RMMC)
have started to recover after falling nearly 20% in the days after fund
manager Philip Rodrigs was pushed out (7 Feb). Reports suggest conduct issues
relating to Rodrigs were unearthed
after more stringent systems
and controls were drafted in by
asset manager
River & Mercantile
(RIV)
following an ongoing FCA
competition investigation involving
R&M and other investment
managers relating to IPO
price fixing.
River & Mercantile said Rodrigs
had left the business ‘following an
investigation into a professional
conduct issue’ although it
clarified the conduct issue was
unrelated to his portfolio manager
responsibilities.
Rodrigs was also manager
of open-ended funds
River &
Mercantile UK Smaller Companies
(GB00BC4DSV56)
and
R&M UK
Dynamic Equity (GB00B7H1R583)
,
which have subsequently seen
an estimated £43m of outflows
according to calculations by
stockbroker Numis on 12 February.
Numis forecasts £650m of net
outflows by mid-2018 in these two
funds, accounting for just over
half of the combined assets under
management (£1.2bn) before
the news.
Stockbroker AJ Bell has removed
River & Mercantile UK Smaller
Companies from its ‘favourite funds’
list on the grounds that Rodrigs was
considered to be a vital part of the
fund’s investment process.
His departure has led to the fund
being replaced by
Franklin UK Mid
Cap (GB00B8K8HH50)
on AJ Bell’s
preferred funds list. (JC
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Posted at 08/2/2018 13:06 by riverman77
Unless there is a discount control mechanism in place which seeks to fix the discount at a particular level, discounts & premiums are entirely driven by the demand for the share. Investment trusts typically trade at a discount to nav, but there are a few, such as RMMC until yesterday, that trade on a premium. This is usually due to high level of confidence in the manager and strong performance. The concern here is that the market may no longer attach a premium to the shares until the new manager proves himself. Discounts of 10-15% are not uncommon in the small cap space. I reckon RMMC is now on a 10% discount, but I wouldn't necessarily consider this bargain territory relative to other small cap funds. Given all this I wouldn't be surprised to see this drift to a 15% discount in the near term.
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Posted at 07/2/2018 13:25 by eh9
Personally I believe there are grounds to make a formal complaint to the authorities. This breaks the listing rules the way the info was leaked prior to an rns.I would hold however since new fund manager strong and net assets much above current share prices.
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Posted at 07/2/2018 10:27 by henryatkin
Tweet
Funds Fanatic
‏

@FundFanatic
38m38 minutes ago
River and Mercantile has sacked fund manager Philip Rodrigs for a 'personal conduct' issue unrelated to his funds. George Sensor to take over UK Micro Cap trust (RMMC). Today's rebound in the shares halted.
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