River And Mercantile Uk ... Share Discussion Threads

[affemoose] 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.

[tradertrev] 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!

[tightfist] 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.

[thaiger] 17/2/2024 14:43

Why is the spread so wide?

[davebowler] 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

[shaker44] 11/5/2021 12:09

Looking a good buy again after this pull back. See how the week progresses

[mike the mechanic] 28/4/2021 16:16

I agree, it's a novel way of improving the discount but a blunt instrument

[donald pond] 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.

[riverman77] 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.

[a1samu] 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!

[riverman77] 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.

[tiltonboy] 12/12/2020 09:03

Question is then, why didn't you sell, and reinvest in one of those!

[a1samu] 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.

[tiltonboy] 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.

[a1samu] 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.

[tiltonboy] 08/12/2020 15:32

NAV up to £107m. The next Tender may not be too far away.

Managers doing a fantastic job!

[pugugly] 03/10/2020 11:24

Nice recovery since April but spread still too wide - Discount still interesting but spread increases risk of loss unless long term hold - but illiquid and lock-in risk (imo)

[mike the mechanic] 28/7/2020 11:15

Yes, RMMC is tarred by other small ITs and the wide buy/sell spread. Good to see movement today

[nimbo1] 28/7/2020 09:26

was buying this recently - decent underlying NAV performance and this is too cheap discount wise!