Overview
Miton UK Microcap invests primarily in the smallest quoted or traded companies, measured by their market capitalisation, listed on any of the markets of the London Stock Exchange at the time of investment, in order to provide shareholders with capital growth over the long term. It is likely that the majority of the microcap companies held in the Company’s portfolio will be quoted on AIM and will typically have a market capitalisation of less than £150 million at the time of investment.
You can access the company’s website here
Fundamentals
Price
Research History
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30 Jun 2023 1 min read
Interview with Gervais Williams from Miton UK Microcap
In this week’s show, James Carthew spoke to Gervais Williams from Miton UK Microcap. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would prefer […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs 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 […]
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13 Oct 2022 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022
Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]
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10 Aug 2020 7 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
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07 Jul 2020 8 min read
QuotedData’s Economic Roundup – July 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 May 2020 8 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and 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 […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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07 Aug 2019 3 min read
QuotedData’s investment companies roundup – August 2019
Investment Companies Roundup New research Over July, we published notes on CQS New City High Yield, BlackRock Throgmorton, Strategic Equity Capital, Seneca Global Income & Growth, CG Asset Management, Standard Life Investments Property Income and Aberdeen New Dawn. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite […]
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5 min read
QuotedData’s economic roundup – August 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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04 Apr 2019 1 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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15 Aug 2018 1 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
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1 min read
QuotedData’s Economic round up – August 2018
QuotedData’s Economic round up – August 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 sell […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 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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03 Aug 2017 2 min read
QuotedData’s economic round up – August 2017
QuotedData’s economic round up – August 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 sell […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
News
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31 Jan 2025 1 min read
Miton UK MicroCap to offer rollover into Premier Miton UK Smaller Companies Fund
Following its announcement on 18 November 2024 that its board had concluded that a voluntary liquidation would be in the best interests of its shareholders, Miton UK MicroCap (MINI) says that its board has agreed non-binding heads of terms with Premier Miton that will give its shareholders the option to roll over their investment into […]
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10 Jan 2025 2 min read
QuotedData’s morning briefing 10 January 2025 – CYN, MINI, RTW
In QuotedData’s morning briefing 10 January 2025: Following the release of a circular on 7 January 2025 in relation to the requisition by Saba Capital, CQS Natural Resources Growth and Income (CYN) is providing a live presentation on the recent requisitioned resolutions that will feature its chair, Christopher Casey, and co-fund managers Robert Crayfourd and […]
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22 Nov 2024 1 min read
QuotedData’s weekly news show 22nd November 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Blackstone Loan Financing (0:19) Edinburgh Worldwide (4:17) Miton UK MicroCap (9:36) This week’s interview was with Alex Crooke from Bankers Investment Trust – watch it again here.
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19 Nov 2024 2 min read
Miton UK MicroCap throws in the towel
Miton UK MicroCap (MINI) has issued a statement saying that, following its engagement with shareholders on the future direction of the company – which MINI’s board said it would do given the level of redemption requests received for the 2024 Redemption Point – the board has concluded that it is the best interest of shareholders […]
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03 Oct 2024 2 min read
QuotedData’s morning briefing 3 October 2024 – MINI, SHIP, CHRY
In QuotedData’s morning briefing 3 October 2024: Miton UK Micro Cap (MINI) says 31,083,534 shares or 40.4% of its issued share capital, has been put forward for redemption in its annual redemption facility. A statement from the board says “The board continues to believe that the company will be able to generate attractive returns for […]
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12 Jul 2024 3 min read
Big miss for Miton UK Microcap
Miton UK Microcap Trust ( MINI) has announced its annual results for the year ended 30 April 2024. The company reported a NAV total return of -12.9%, which was well behind the benchmark return of 7.2%. Shares fell 15% with the discount widening to 9.5%. Chairman, Ashe Windham, noted that almost all of the damage […]
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30 May 2024 1 min read
QuotedData’s morning briefing 30 May 2024 – JZCP, MINI, PCGH
In QuotedData’s morning briefing 30 May 2024: JZ Capital (JZCP) is calling a meeting of shareholders to ask them to make the company’s ordinary shares redeemable. That will help expedite returns of capital as the company continues its managed wind down. Separately, it announced results that showed its NAV was not much changed over the […]
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10 Jan 2024 1 min read
QuotedData’s morning briefing 10 January 2024 – GSF, RKW, MINI
In QuotedData’s morning briefing 10 January 2024: Gore Street Energy Storage Fund (GSF) provided an update for the three months to 31 December 2023. The quarter continued to highlight the stability of the company’s revenue, with the portfolio generating an estimated £15.1/MW/hr, consistent with the £15.1/MW/hr generated during the prior six months to 30 September […]
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11 Jul 2023 2 min read
Miton Micro cap suffers from UK malaise
Miton UK Microcap Trust (MINI) announced its annual results for the year ended 30 April 2023. Miton struggled throughout the year in what remains a challenging environment for small and micro caps. NAV fell 30% and shares 31%. In contrast, the Numis 1000 Index was down 11.2% during the same period. Despite the performance, the […]
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19 Jul 2022 2 min read
Miton UK Microcap hit as investors favour large caps
Miton UK Microcap Trust has announced its annual results for the year ended 30 April 2022. Over this period, the NAV fell from 104.83p to 91.05p, a negative total return including dividends reinvested of 13.1%. The share price fell from 104.50p to 86.50p, a negative return of 17.2%. The net revenue return was positive (£159,000 or […]
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01 Jul 2022 2 min read
QuotedData’s morning briefing 1 July 2022
In QuotedData’s morning briefing 1 July 2022: BMO Private Equity (BPET) has changed its name to CT Private Equity, BMO Commercial Property has changed its name to Balanced Commercial Property, BMO Real Estate Investments has changed its name to CT Property Trust, and BMO Managed Portfolio has changed its name to CT Global Managed Portfolio. […]
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06 Jul 2021 4 min read
Miton UK Micro Cap publishes stellar results as pandemic offered greater potential for holdings
Miton UK Micro Cap publishes stellar results as pandemic offered greater potential for holdings – Miton UK Micro Cap (MINI) has revealed its full year results for the year to 30 April 2021, which saw its share price total return (including dividends reinvested) up by 141.5% and its NAV up from 51.33p to 104.83p, representing a […]
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04 Jun 2021 1 min read
QuotedData’s morning briefing 4 June 2021
In QuotedData’s morning briefing 4 June 2021: Following its announcement last month on the implementation of a voluntary redemption facility, where shareholders may request the redemption of all or part of their holding of ordinary shares of 1p each for cash on the last business day in June each year, Jupiter Emerging & Frontier Income has […]
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03 Sep 2020 1 min read
QuotedData’s morning briefing 3 September 2020
In QuotedData’s morning briefing 3 September 2020: Ashoka India provides an annual redemption facility to its shareholders. This year, just 367,616 shares (0.54% of the issued share capital) were requested to be redeemed. Tritax Big Box REIT has completed its sale of an asset in Chesterfield for £57.3m. The buyer was Warehouse REIT (see separate story). […]
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29 Jun 2020 3 min read
Annual results from Miton UK MicroCap reflect another tough year for quoted microcaps
Miton UK MicroCap (MINI), the tech and healthcare-focused (around half of the portfolio) UK smaller companies-sector company, has reported annual results for the year ended 30 April 2020. Over the year, total NAV returns fell by (8.2%), while the shares were down by (20.%). MINI noted that, over the same period, the FTSE SmallCap index (excluding […]
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27 Apr 2020 1 min read
Update on management arrangement from tech-focused Miton UK MicroCap
Miton UK MicroCap (MINI) said the following this morning: Gervais Williams and Martin Turner remain as managers “The directors of the company wish to announce that Premier Portfolio Managers Limited, has replaced Miton Trust Managers Limited as AIFM to the fund The AIFM is authorised and regulated by the Financial Conduct Authority. The change of […]
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22 Jul 2019 2 min read
QuotedData’s other news 22 July 2019
In QuotedData’s other news 22 July 2019: LXI REIT has agreed a new £100m revolving credit facility, provided by Lloyds Bank plc at 1.55% per annum over LIBOR. This complements the company’s existing 10-year, 12-year and 15-year term loan facilities with Scottish Widows. The new facility has an initial term of three years, which may be extended by […]
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26 Jun 2019 1 min read
Miton UK MicroCap redemption delayed until mid-August
Miton UK MicroCap (MINI) has an annual redemption facility through which shareholders are entitled to request the redemption of all or part of their holding. The trust announced on 3 June 2019 that it received valid redemption requests for 14,317,907 ordinary shares for the 28 June 2019 redemption point (representing 9.4% of the issued share […]
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20 Jul 2018 2 min read
MINI fails to keep up with AIM index
MINI fails to keep up with AIM index – Miton UK Micro Cap has published results for the year ended 30 April 2018. Over the year, the NAV returned 8.4%. This compares with the AIM All-Share Index, which returned 10.7% (AIM stocks account for three quarters of the portfolio). This performance is somewhat higher than the returns on other […]
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31 Jan 2017 1 min read
Miton UK MicroCap looks to raise £15m of equity
Miton UK MicroCap Trust, managed by Gervais Williams (pictured), has announced its the intention to raise approximately £15m through the issue of ordinary shares, which are to be issued under the trust’s previously announced share issuance programme of up to 250m ordinary and/or c-shares. The Issue launched immediately following the announcement and the bookbuild is expected […]
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09 Aug 2016 1 min read
Miton UK Microcap gets off to a good start
Miton UK Microcap has published its first full year report which covers the year ended 30 April 2016. Over this period the FTSE All-Share Index fell by 9.0%. In contrast the FTSE SmallCap (excluding Investment Companies) Index actually rose 1.0% in the same period while the FTSE AIM All-Share Index fell just 3.4%. The Investment Manager outperformed over the first […]
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28 Jul 2016 6 min read
F&C Managed Portfolio beats benchmark despite widening discounts
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
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17 Feb 2016 1 min read
Miton UK MicroCap’s C share issue raises £28m
Miton UK MicroCap, managed by Gervais Williams (pictured), has announced that pursuant to the placing, offer for subscription and intermediaries offer of C shares (as described in its prospectus published on 4 February 2016) it has raised gross proceeds of £28m with net proceeds expected to be approximately £27.4m. The company says that applications received under the […]
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03 Feb 2016 1 min read
Stalling growth sees investors flock to small-cap trusts
The demand for UK small-cap investment trusts has increased markedly since May, amid slow growth and short term volatility in global markets, suggests data from QuotedData. – See more at: http://www.portfolio-adviser.com/news/1027294/cap-driving-demand-uk-uptick#sthash.PU3pDbt0.dpuf
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17 Dec 2015 1 min read
Miton UK MicroCap reports 7% return in first six months
Miton UK MicroCap Trust has announced its first set of results, covering the six month period ended 31 October 2015. The net asset value rose from 49.0p on 30 April, (the 50p per share issue price less the costs of the issue) up to 52.42p on 31 October 2015. This is an appreciation of 7.0%. The Trust has grown […]
Upcoming Events
Videos
In The Press
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16 Jul 2024 1 min read
Is there a perfect number of stocks for a portfolio?
by Cherry Reynard from interactive investor, 15th July 2024: Running a concentrated portfolio of a small number of companies comes with the risk of a single-stock failure, which can derail a fund manager’s track record.. The vogue has been for managers to hold concentrated portfolios. Many have sought to emulate the Warren Buffett mantra – […]
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15 Jul 2024 1 min read
Investment trust insider on small caps
Investment trust insider on small caps – James Carthew: The world can’t be mean to small-caps forever The dominance of mega-cap tech stocks has exacerbated the underperformance of smaller company funds, but history suggests this should change. Mean reversion, the tendency for asset prices to return to their long-term average, is a wonderful thing. However, […]
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26 Feb 2024 2 min read
Perfect Storm
Cherry Reynard, Portfolio Adviser Magazine, February 2024: Investment trusts have a well-deserved reputation as an effective way to manage such illiquid assets as property, smaller companies and infrastructure, yet the past 18 months have also highlighted the problems of this type of vehicle, as discounts have widened in response to higher interest rates, cost-disclosure problems […]
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10 Jul 2023 1 min read
Investment trust insider on Miton UK Microcap
James Carthew: When the small-cap recovery comes it could be big The outlook for the UK equity market feels gloomier than ever. Headlines about rising core inflation, mortgage rates, government borrowing costs, and predicted interest rates reinforce the message that much more pain will be inflicted on British companies and consumers over the next year […]
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01 Dec 2021 2 min read
Hidden gems: 12 funds and trusts that deserve the limelight
The shiniest things come in small packages, as we discovered when we asked professional investors to unveil the sub-£300 million funds worth unwrapping. by Jennifer Hill from interactive investor 29th November 2021 Over the past couple of years, there have been various examples of big funds continuing to swell in size amid high demand from investors – […]
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28 Sep 2021 1 min read
AIM shares? It’s a Wild West to some
The brave can strike gold if they’re ready for risks in the hunt for bounty By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 25 September 2021 It is hard to make your mind up about AIM, the Alternative Investment Market that has nurtured some big names, but also hosted huge failures. The market had a strong […]
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19 Jul 2021 1 min read
The investment trusts readers have been studying
The surprising investment trusts Trustnet readers have started researching By Rory Palmer, Reporter, Trustnet 16 July 2021 Baillie Gifford has dominated the most-researched investment trusts by readers in 2021 but previously unheralded names such as Geiger Counter, Miton UK MicroCap and Canadian General Investments have seen the greatest surge, according to the latest figures. Comparing page […]
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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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14 Apr 2020 2 min read
The out of favour trusts that are cheap for a reason
The out-of-favour investment trusts that are cheap for a reason Investors on the lookout for investment trust bargains risk catching the proverbial falling knife. Money Observer, April 8, 2020 by Kyle Caldwell Substantial stock market corrections offer brave investors the chance to go bargain-hunting, but the big caveat and trade-off is the risk of catching the proverbial falling knife. […]
