Overview
North Atlantic Smaller Companies aims to provide capital appreciation through investment in a portfolio of smaller companies principally based in countries bordering the North Atlantic Ocean. The company invests in both listed and unlisted companies.
you can access its website here
Fundamentals
Price
Research History
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09 Oct 2020 7 min read
QuotedData’s Economic Roundup – October 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
News
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15 May 2025 2 min read
QuotedData’s morning briefing 15 May 2025 – LMS, MYI, BSIF, BGEU, NAS, CREI, RGL
In QuotedData’s morning briefing 15 May 2025: We also have: Did you miss from yesterday?
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07 May 2025 2 min read
NASCIT delivers solid returns and hikes dividend as it eyes selective deployment of cash
North Atlantic Smaller Companies Investment Trust (NASCIT) has reported its full-year results for the 12 months to 31 January 2025, delivering a 6.5% rise in adjusted NAV – broadly in line with the return of the MSCI UK Small Cap Index – and a 24.9% increase in revenue return per share, despite an ongoing challenging […]
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04 Oct 2024 2 min read
QuotedData’s morning briefing 4 October 2024 – ROOF, SBO, TENT, NAS, NAIT
In QuotedData’s morning briefing 4 October 2024: Following Atrato Onsite Energy’s (ROOF’s) announcement yesterday that it has entered into a conditional agreement to sell its entire portfolio of solar assets (click here to see our coverage of that announcement), ROOF has published a circular and notice of general meeting at which it will seek the […]
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25 Sep 2024 2 min read
QuotedData’s morning briefing 25 September 2024 – NAS, NBPE, LMP, IHR
In QuotedData’s morning briefing 25 September 2024: North Atlantic Smaller Companies Investment Trust (NAS) reported its interim results for the six month period to 31 July 2024. The NAV total return was 8.3% compared to 12.9% in the benchmark index. Performance was adversely impacted by the trust’s large cash holdings and the underperformance of the […]
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31 May 2024 1 min read
QuotedData’s morning briefing 31 May 2024 – NAS, USF
In QuotedData’s morning briefing 31 May 2024: North Atlantic Smaller Companies (NAS) has announced that an amendment has been made to its final results announcement that was released on 10 May 2024. Specifically, Christopher Mills holding in NAS was wrongly stated in the Directors’ Interests table on page 35 of the Annual Report. The correct holding […]
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10 May 2024 4 min read
North Atlantic Smaller Companies outperforms appropriate UK indices
North Atlantic Smaller Companies (NAS) has published its annual results for the year ended 31 January 2024, during which its NAV increased by 3%. Its chairman, Sir Charles Wake, points out that this “compares unfavourably with the Sterling adjusted Standard & Poors index but [is] a good outperformance of appropriate United Kingdom indices where the […]
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07 Dec 2023 1 min read
QuotedData’s morning briefing 7 December 2023 – UKW, DVNO, FAIR, VOF, NAS
In QuotedData’s morning briefing 7 December 2023: Laurence Fumagalli plans to step down from his role as co-head of the Schroders Greencoat LLP team managing Greencoat UK Wind (UKW) on 1 March 2024. Matt Ridley, a partner at Schroders Greencoat, will succeed Laurence to co-manage the fund alongside Stephen Lilley. Matt is currently head of […]
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12 Oct 2023 1 min read
QuotedData’s morning briefing 12 October 2023 – NAS, JEMA, POLN
In QuotedData’s morning briefing 12 October 2023: North Atlantic Smaller Companies (NAS) has sold its stake in Assisi Pet Care. On a look-through basis the trust invested £3.6m over the course of three years via a buy and build investment strategy and expects to receive at the closing, approximately £11m. This represents an uplift on […]
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15 May 2023 2 min read
NAS struggles despite its underlying profitability
North Atlantic Smaller Companies (NAS) has announced its 12 month results for the financial year ending 31 January 2023: Over the 12 month period NAS generated a NAV total return of -11.8%, and a share price return of -9.9%. The investment team attributes this negative return to the difficulty of markets, which was “one of […]
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20 Dec 2022 2 min read
QuotedData’s morning briefing 20 December 2022
In QuotedData’s morning briefing 20 December 2022: Geiger Counter (GCL) published results in which it reported an NAV return for the 12 months ended 30 September 2022 of 2.2%. A fall in the uranium price in the second half of the period weighed on returns. The NAV return was also diluted by the subscription rights […]
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12 May 2022 2 min read
North Atlantic Smaller Companies 2022 results
North Atlantic Smaller Companies delivered an NAV return of 9.2% over the year ended 31 January 2022. The chairman notes that this compares with a rise in the sterling adjusted Standard & Poors Composite Index of 24.0%. The Standard and Poors Composite Index was, however, not representative of the US market in general; for example, […]
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11 May 2021 3 min read
No dividend but good performance from North Atlantic Smaller
No dividend but good performance from North Atlantic Smaller – North Atlantic Smaller Companies has announced results for the year ended 31 January 2021. The net asset value per share rose by 20.7% as compared to a rise in the sterling adjusted S&P Composite of 10.9%. The share price rose from 3400p to 3850p. The company’s revenue account […]
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12 May 2020 1 min read
North Atlantic has cash to take advantage of opportunities
North Atlantic has cash to take advantage of opportunities – North Atlantic Smaller Companies Trust posted a return on NAV of 18.2% for the year ended 31 January 2020, well ahead of Uk indices and almost matching the return on the S&P500 (+18.4%). The dividend was maintained at 30p. The manager says that “The major standout […]
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21 May 2019 1 min read
QuotedData’s other news 21 May 2019
Warehouse REIT (WHR) had a strong year to 31 March 2019. In it’s preliminary results announcement this morning, the company reported a 7,4% increase in EPRA NAV per share. The portfolio performed well as tenant demand remained strong despite current political and economic uncertainties, while supply of space remained constrained, with capital values generally below replacement […]
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2 min read
North Atlantic Smaller Companies reports NAV growth in tough environment
North Atlantic Smaller Companies reports NAV growth in tough environment – North Atlantic Smaller Companies (NAS) has reported preliminary results for the year-ended 31 January 2019 with the diluted NAV per share increasing 6.8% year-on-year to 3,708p, compared to an increase of 3.7% during the year in the Standard & Poor’s 500 Composite Index (Sterling […]
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26 Feb 2018 1 min read
Investment Trust Insider on US trusts
James Carthew: where is a US growth trust when you want it? One of the strangest things about investment companies is how under-represented the US stock market is within the sector. Dedicated listed North American funds accounted for just 1.6% of the money in investment trusts and investment companies at the end of last year, […]
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22 May 2017 3 min read
North Atlantic Smaller Companies’ reaches an all time high
North Atlantic Smaller Companies (NAS) has announced its annual results for the year ended 31 January 2017. During the period under review, the fully diluted net asset value per share rose by 8.1% to an all time high of 2,968p. This is markedly below the rise in the sterling adjusted Standard & Poor’s Composite Index, […]
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15 Sep 2016 1 min read
North Atlantic Smaller held back by MJ Gleeson and Team Rock
North Atlantic Smaller Companies reports that for the six month period to 31 July 2016, the fully diluted adjusted net asset value (with Oryx under the equity method of accounting) rose by +3.0% as compared to a rise in the sterling adjusted Standard & Poor’s 500 Composite Index of +20.6% and the FTSE Small Cap […]
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01 Jun 2016 1 min read
Takeovers boost Capital Gearing
Capital Gearing Trust says, as at 5 April 2016, the net asset value per share was 3,382p compared to 3,297p a year earlier. Although an increase across the year of 2.6% might be seen as modest, this achievement is more creditable when measured against, for example, the decline in the FTSE All-Share Index of 9.3% […]
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13 May 2016 3 min read
Strong performance from North Atlantic Smaller Companies – NAV rises 21.6%
North Atlantic Smaller Companies Investment Trust has announced its annual results for the year ended 31 January 2016. During the period, the company’s fully diluted NAV per share rose by 21.6% to an all-time high of 2,746p. This compares with a rise in the sterling adjusted Standard & Poor Composite Index of 2.8%, whilst the […]
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06 Nov 2015 1 min read
Capital Gearing holds up in weak markets
Capital Gearing has announced interim results covering the six months to 5 October 2015. As at that date, the net asset value per share was 3,240.5p compared to 3,297.6p at the last year end on 5 April 2015, a decline of 1.7%. This compares with declines of 6.5% in the FTSE All-Share index and of […]
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11 Sep 2015 1 min read
North Atlantic Smaller more than 10% ahead of UK market
North Atlantic Smaller Companies generated an 11.8% return on net assets for the six months ended 31 July 2015, well ahead of the return on comparable indices such as the S&P 500 which returned 1.7%, the Russell 2000 which returned 2.5% or the FTSE All-Share which returned 0.9%. The share price appreciated by 10.7%. The […]
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10 Jul 2015 1 min read
North Atlantic Smaller sells Celsis
North Atlantic Smaller Companies announced that on 8 July it signed a conditional contract to sell its investment in Celsis. On completion, the transaction will increase the net asset of the Company by just over £1 per share and increase the cash balance by approximately £50m. NAS : North Atlantic Smaller sells Celsis
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15 May 2015 1 min read
North Atlantic sitting on £73m war chest
North Atlantic Smaller Companies’ figures for the year ended 31 January 2015 show the fund generating a return on net assets of 13.5% and a return to shareholders of 15.3% (benefiting from a narrowing of the discount from 21.5% to 19.7%). These numbers are ahead of the Russell 2000 Index, which returned 12.5% and the 2.9% […]
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24 Sep 2014 1 min read
North Atlantic Smaller Companies thinks markets fully valued
NAS : North Atlantic Smaller Companies thinks markets fully valued North Atlantic Smaller Companies interims for the six months ended 31 July 2014 have been released. These show the net asset value rising by 4.4% over the period (after adjusting for the dilutive effect of the convertible loan stock and valuing the holding in Oryx […]
In The Press
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10 Mar 2025 1 min read
Investment trust insider on Achilles and North Atlantic Smaller
Investment trust insider on Achilles and North Atlantic Smaller – James Carthew: Activist Achilles and the wide discounts on Chris Mills’ other trusts Our columnist responds to questions about how recently-launched Achilles can attack other trusts for being on discounts when North Atlantic Smaller Companies, run by one of the same managers, trades one-third below […]
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18 Jul 2023 1 min read
Investment trust insider on Rockwood Strategic
James Carthew: Why Rockwood is rocking the UK small-cap sector Last week I relayed the view of Miton UK Microcap (MINI) fund manager Gervais Williams on the undervaluation of the UK smaller company market, and especially that of the very smallest listed companies. Following this, I caught up with Richard Staveley, manager of Rockwood Strategic […]
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16 Jan 2023 1 min read
Investment trust insider on running last year’s winners
James Carthew: Some 2022 winners are worth holding onto this year I’m uneasy about the resilience of the recent stock market rally. Despite this, I think a few of last year’s big gainers could do well again in 2023. Against a difficult backdrop, only about a third of investment companies generated a positive share price […]
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22 Feb 2022 1 min read
Bargain Hunter: 10 trusts that have moved from premiums to discounts
These trusts have seen their premiums vanish since the start of the year as growth shares lost ground. Kyle Caldwell from interactive investor 17th February 2022: Given all the volatility in the first six weeks of 2022, a surprising statistic is that the number of equity investment trusts trading on a premium to their net […]
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23 Dec 2021 1 min read
WI Daily: The best performing UK trusts of 2021
What Investment, Rory Palmer, 7 DEC 2021: Last week I looked at the top performing funds in the IA Global sector, with energy strategies and blockchain ETFs coming out on top. Now it’s time to look a little closer to home at the closed-ended vehicles in the UK that have had a stellar 2021. The […]
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24 Jun 2021 2 min read
Is now the time to move on these historically cheap trusts?
Trustnet searched across the AIC sectors to find the investment trusts that are trading on a historically attractive discount compared to five years ago and that have still maintained performance. By Rory Palmer, Reporter, Trustnet 17 June 2021 Henderson EuroTrust, Miton UK Microcap and BlackRock Frontiers are just three of the investment trusts that are trading […]
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03 Mar 2020 2 min read
Investment trust insider Smithson versus North Atlantic
Investment trust insider Smithson versus North Atlantic – James Carthew: Smithson is flying, North Atlantic is trying Global smaller companies trust Smithson (SSON) published its inaugural results last week. By most measures, it has had a phenomenal start in life: the largest investment trust launch ever (£822.5m), topped up with another £426m of share issuance, and […]
