Overview
Onward Opportunities Limited targets a return on investments of at least 2.0x invested capital over a three-to-five-year hold period, aggregating into a total annualised return of at least 15 per cent, per annum in smaller companies. The company will typically target meaningful minority stakes in investee companies of between 5% and 25%.
Whilst the company has no limitation on the size of the market capitalisation of the companies in which it can invest, the company typically expects to invest in companies with market capitalisations of no more than £250m, with a particular focus on those below £100m, at the time of investment. The company will therefore focus on investments in the ‘micro’ smaller companies sector, and on companies admitted to trading on AIM.
you can find the company’s website here
Fundamentals
Price
News
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08 Sep 2025 5 min read
Morning briefing: Ruffer benefitting from surge in gold mining equities; plus GSF, TIR/TIG, PEY, GRI, WHR, JARA, MAJE & ONWD
Ruffer Investment Company (RICA) reported another month of positive NAV performance in August, driven primarily by gold mining equities. The manager said strong free cash flow generation at higher gold prices continues to provide attractive opportunities, even after the sector’s strong rally this year. Gold bullion resumed its upward trajectory during the month, hitting a […]
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24 Jul 2025 2 min read
QuotedData’s morning briefing 24 July: CLDN, CORD, SUPR, AEWU, GABI, ONWD, CREI, HVPE, WINV, PAIM, SJG
Caledonia Investments confirms its 10-for-one share split will take place tomorrow and Cordiant Digital Infrastructure shares part of its Datacenter investment with a sister fund. Plus updates from AEW UK REIT, Onward Opportunities and GCP Asset Backed Income. Caledonia Investments (CLDN) confirms its 10-for-one share split will take place tomorrow. Cordiant Digital Infrastructure (CORD) confirms […]
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30 May 2025 3 min read
Betting on a small cap revival
It was great this week to talk to three managers who are investing in UK small and medium-sized companies – if you missed it, you can watch the recording back here. Their message seems to be that portfolio companies are trading well, and coping with a macroeconomic environment that has at times been unhelpful, yet […]
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18 Mar 2025 2 min read
Onward Opportunities delivers best in class returns for 2024
Onward Opportunities Limited (ONWD) announced its annual results for the 12 months to 31 December 2024. The company delivered a NAV total return of 21.5%, comfortably outperforming the benchmark UK AIM All-Share’s total return by 25.4%, which fell during the same period. ONWD’s share price total return was 34.2%. During the financial year, the company […]
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06 Sep 2024 2 min read
QuotedData’s morning briefing 6 September 2024 – TENT, ONWD, VNH
In QuotedData’s morning briefing 6 September 2024: Triple Point Energy Transition (TENT) has declared a special dividend of 25p per share (£25m in aggregate), which is a distribution that is part of the managed wind-down approved by shareholders on 22 March 2024. TENT says this has been possible because of timely realisations to date. The […]
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22 Jul 2024 3 min read
QuotedData’s morning briefing 22 July 2024 – CYN, BPCR, ONWD, TMI, BCPT
In QuotedData’s morning briefing 22 July 2024: CQS Natural Resources Growth and Income (CYN) has declared its fourth interim dividend of 1.82p per share for the year ended 30 June 2024 (2023: 1.82 pence per share). It has also declared an additional special interim dividend of 1.00p per share, reflecting the fact that underlying core […]
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11 Apr 2024 1 min read
QuotedData’s morning briefing 11 April 2024 – ONWD, AEIT, GPE, SERE
In QuotedData’s morning briefing 11 April 2024: Onward Opportunities (ONWD) says its NAV total return from IPO on 30 March 2023 to end December 2023 was 11.3%. This compares to a 3.7% fall in the value of the UK AIM All Share index. The company trades at a premium and raised more money last month, […]
Upcoming Events
In The Press
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18 Dec 2023 1 min read
Investment trust insider on 2023
Investment trust insider on 2023 – James Carthew: Dramatic 2023 leaves sector radically different The rationalisation of the sector continues. There has been a flurry of announcements over the past couple of weeks: Abrdn Diversified Income and Growth (ADIG) announced a managed wind down; Triple Point Energy Transition (TENT) declared it will begin an orderly […]
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22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
