Share Name Share Symbol Market Type Share ISIN Share Description
River And Mercantile Uk Micro Cap Investment Company Limited LSE:RMMC London Ordinary Share GG00BZ8VFG05 RED ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 163.00 1,500 01:00:00
Bid Price Offer Price High Price Low Price Open Price
158.00 168.00 163.00 163.00 163.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -18.60 -40.05 76
Last Trade Time Trade Type Trade Size Trade Price Currency
11:09:51 O 1,500 159.00 GBX

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Date Time Title Posts
28/7/202011:15River & Mercantile UK Micro Caps67

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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 163p.
River And Mercantile Uk Micro Cap Investment Company Limited has a 4 week average price of 160p and a 12 week average price of 132p.
The 1 year high share price is 173p while the 1 year low share price is currently 89.50p.
There are currently 46,445,043 shares in issue and the average daily traded volume is 85,753 shares. The market capitalisation of River And Mercantile Uk Micro Cap Investment Company Limited is £75,705,420.09.
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!
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.
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.
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 ?
River And Mercantile Uk ... share price data is direct from the London Stock Exchange
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