Share Name Share Symbol Market Type Share ISIN Share Description
River Merc Red LSE:RMMC London Ordinary Share GG00BZ8VFG05 RED ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +1.50p +0.93% 163.50p 54,526 14:08:54
Bid Price Offer Price High Price Low Price Open Price
162.00p 165.00p 163.50p 162.00p 162.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 23.68 45.27 3.6 75.9

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Date Time Title Posts
31/8/201812:27River & Mercantile UK Micro Caps63

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River Merc Red Daily Update: River Merc Red is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker RMMC. The last closing price for River Merc Red was 162p.
River Merc Red has a 4 week average price of 161p and a 12 week average price of 153p.
The 1 year high share price is 214p while the 1 year low share price is currently 153p.
There are currently 46,445,043 shares in issue and the average daily traded volume is 45,818 shares. The market capitalisation of River Merc Red is £75,937,645.31.
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 Merc Red share price data is direct from the London Stock Exchange
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