Share Name Share Symbol Market Type Share ISIN Share Description
River Merc Red LSE:RMMC London Ordinary Share GG00BDG13K82 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 180.00p 177.00p 183.00p 180.00p 180.00p 180.00p 0 08:00:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 38.2 58.1 3.1 107.63

River Merc Red Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
21/5/2018
16:08
agree with you, bought a load this am.
nimbo1
14/5/2018
17:56
Its too cheap - someones come in bang on the right shoulder
luckymouse
23/4/2018
11:50
Numis 370p price target 23/4/18
eh9
10/3/2018
17:28
hTTps://www.telegraph.co.uk/investing/funds/willing-take-punt-outcome-brexit-trust-one-portfolio/?li_source=LI&li_medium=li-recommendation-widget
eh9
22/2/2018
20:10
It had a sell rating by Questor today..
petewy
22/2/2018
16:35
Sorry...I suspect Rodrigs will turn up elsewhere. Polar seem to be getting a lot of good young managers at the moment (Rushton and Hamilton and Godber spring to mind). I sold most of mine here at 230 but liquidity meant I couldn't shift them all. Whatever he was doing, it is not good for R&M as he was their star performer.
mad foetus
22/2/2018
16:33
Discount looking chunky though, could be a time to buy in.I suspect
mad foetus
22/2/2018
16:19
Old news that article is more than a week old. Deputy fund manager who shadowed the sacked manager has taken over. No need to fear a collapse in nav performance in the medium term.
eh9
22/2/2018
15:09
any idea of what's going on?
petewy
15/2/2018
15:28
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
slopsjon2
09/2/2018
13:34
SEC was similar when it lost its manager. From now RMMC should show whether its record was down to Rodrigs stockpicking or R&Ms propriety approach.
mad foetus
08/2/2018
14:24
tx river..
douglas fir
08/2/2018
13:06
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.
riverman77
08/2/2018
09:35
How is the premium/discount of an Investment trust fixed...and who does the fixing? tx for expected forthcoming wise words.......
douglas fir
08/2/2018
08:54
Big picture the portfolio is still the same and should continue to perform and the discount likely will be taken out by bargain hunters over next 10 days. Annoying downside to investment trusts
eh9
07/2/2018
13:25
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.
eh9
07/2/2018
13:20
A few got 'lucky' with some chunky sells before the announcement, particularly whoever managed to unload 40k late yesterday afternoon - so keen were they to get out they accepted a price well below the bid !
mount teide
07/2/2018
11:10
That's a surprise. I did very well out of this last year but sold after it went to huge premium, and was also a bit concerned that some of the underlying investments were looking overvalued (Blue Prism as just one example). Will be keeping an eye on this now - I suspect it will drop quite a lot further, perhaps a 10% discount in the near term.
riverman77
07/2/2018
10:57
Explains the drop.
petewy
07/2/2018
10:27
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.
henryatkin
23/1/2018
16:19
Stupid premium but I can't bring myself to sell as the spread and Tax mean I'm unlikely to get in any lower.
mad foetus
22/1/2018
12:47
I bought in last May as a punt as I like the portfolio but no dividend. TAP PRSM Didn't expect this sort of rise.
petewy
16/1/2018
16:17
A different way to use RSI - normally a daily o/b o/s divergence tool - but on WEEKLY set the hines to 60 & 40 - when it goes above 60 your in trend and riding above the cloud Obviously cross confirming the flows elsewhere & checking there's a turbo under the hood helps free stock charts from uk.advfn.com
luckymouse
10/8/2017
15:55
I sold half of mine yesterday, needed the funds for a house purchase but felt the premium to NAV was getting a little rich. The rest are likely to be held for many years.
mad foetus
Chat Pages: 2  1
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