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Aberforth Smaller Companies : ASL

Aberforth Smaller Companies : ASL

Aberforth Smaller Companies aims to achieve a net asset value total return (with dividends reinvested) greater than the return on the Numis Smaller Companies Index (Excluding Investment Companies) over the long term by investing in a diversified portfolio of small UK quoted companies. The portfolio is diversified and will normally consist of investments in over 80 individual companies. In seeking investments the approach will be fundamental in nature involving regular contact with the management of prospective and existing investments in conjunction with rigorous financial analysis of these companies. The emphasis within the portfolio will reflect the desire to invest in companies whose shares represent relatively attractive value within a given stockmarket environment.

You can access the company’s website here.

Aberforth overcomes market’s growth bias

Aberforth overcomes market’s growth bias – Aberforth Smaller Companies beat its benchmark over the year ended 31 December 2019, returning 26.9% against 25.2% for the Numis Smaller Companies Index (excluding investment companies). A dramatic narrowing of the discount translated into a 39.8% return for shareholders. The underlying dividend is up 5.8% to 32p and there is […]

Aberforth Smaller Companies Trust renews £125m unsecured revolving debt facility

Aberforth Smaller Companies Trust has announced that it has renewed its existing unsecured £125 million Revolving Debt Facility with The Royal Bank of Scotland plc for a further three years. The facility bears interest at 0.80 per cent over LIBOR and is due to expire on 15 June 2020. Aberforth Smaller Companies is the largest trust […]

Board asks Aberforth Smaller shareholders to back continuation

Over the year to the end of December 2016, Aberforth Smaller Companies delivered a return on net assets of 5.8%, lagging its benchmark which returned 11.1%. The discount widened and so the return to shareholders was -4.2%. They are paying dividends for the year of 27.35p, which represents an increase of 5.2% on 2015. The […]

Aberforth Smallers underperforms in H1

For the six months to 30 June 2016, the net asset value total return of Aberforth Smaller Companies Trust was -11.3%, which compares with a total return of -5.6% from the Company’s investment benchmark, the Numis Smaller Companies Index excluding Investment Companies (NSCI (XIC)). The FTSE All-Share Index, which is dominated by larger companies, generated a […]

Aberforth Smaller Companies matches benchmark in 2015

Aberforth Smaller Companies has published its results for the year ended 31 December 2015 (pretty fast!), over 2015 the net asset value total return was 10.2%, more or less matching the 10.6% return posted by the Numis Smaller Companies (excluding investment companies) Index that the fund uses as its benchmark. The share price return was […]

Good start to 2015 for Aberforth Smaller

Aberforth Smaller Companies interims for the six months ended 30 June 2015 show the fund generating a total return on net assets of 15.3%, well ahead of the 11.8% return on the Numis Smaller Companies ex Investment Companies Index. The return to shareholders was 12.9% as the discount widened from 7.7% to 9.8%. The interim […]

Aberforth funds cut management fees

Aberforth Geared Income Trust is cutting the “asset fee” element of its management fee from 1% to 0.9% with effect from 1 July 2015. This is obviously welcome news for its shareholders but it is odd that it didn’t simplify its fee at the same time – from 1 July the fee is: 0.9% of the […]

Aberforth reports marginal outperformance

Aberforth Smaller Companies reported a 0.7% fall in its asset value on a total return basis over 2014, better than the -1.9% return generated by the Numis Smaller Companies excluding Investment Companies Index. The return to shareholders over the period was 0.1%. the final dividend was 17p, making a total of 24.75p for the year, an […]

QuotedData’s morning briefing 28 July 2021

In QuotedData’s morning briefing 28 July 2021: Literacy Capital (BOOK) has acquired a majority stake in OFJ Spring Topco Limited, the holding company for Oxygen Freejumping, which is an operator of trampoline and adventure parks in the UK, with four sites in England. The investment will provide Oxygen Freejumping with fresh capital enabling the business to […]

Murray Income’s rating declines

MUT : Murray Income’s rating declines Over the year to 30 June 2014 Murray Income generated a total return on net assets of 14.0%, ahead of the return on its benchmark which was 13.1%. The share price lagged the net asset value however and so the return to shareholders was 9.4%. The dividend for the […]