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About the company
MIGO Opportunities Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to outperform Sterling Overnight Average (SONIA) plus 2% (the benchmark) over the longer term, principally through exploiting the pricing of closed-end funds. The Company intends to achieve this objective by investing primarily in a portfolio of closed-ended investment funds listed on the United Kingdom stock market where the manager has assessed that the share price does not reflect the fair value of the underlying assets. It invests in closed-end investment funds traded on the London Stock Exchange’s main market but has the flexibility to invest in investment funds listed or dealt on other recognized stock exchanges, in unlisted closed-end funds (including funds traded on AIM) and in open-ended investment funds. Its asset allocation consists of equity, private equity, mining, alternatives, and cash. Premier Fund Managers Limited is the Company's investment manager.
- Revenue in GBP (TTM)10.03m
- Net income in GBP8.32m
- Incorporated2004
- Employees0.00
- LocationMIGO Opportunities Trust plc6th Fl, Paternoster House,65 St. Paul's ChurchyardLONDON EC4M 8ABUnited KingdomGBR
- Phone+44 20 3714 1525
- Websitehttps://www.migoplc.co.uk/
Profile
| Management group(s) | Asset Value Investors Limited |
|---|---|
| AIC sector | Flexible Investment |
| ISIN | GB0034365949 |
| Launch date | 06 Apr 2004 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To outperform 3 month SONIA plus 2% over the longer term, principally through exploiting inefficiencies in the pricing of closed-end funds. The Company invests in closed-end investment funds traded on the Main Market of London Stock Exchange but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds and in open-ended investment funds.
Managed by
| Charlotte Cuthbertson, Nick Greenwood |
|---|
Management & contract fees
0.65% p.a of the adjusted market capitalisation of the Company. Performance fee will be 15% of all cash realised and returned to shareholders in excess of a hurdle of 3-month SONIA plus 5%.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Schroder BSC Social Impact Trust PLC | 2.65m | 1.05m |
| Alpha Real Trust Ltd | 7.37m | -929.00k |
| Life Settlement Assets PLC | 13.23m | 5.49m |
| RM Infrastructure Income PLC | 7.87m | 3.12m |
| Triple Point Venture VCT PLC | 3.45m | 1.41m |
| EPE Special Opportunities Ltd | 7.82m | 3.67m |
| Geiger Counter Ltd | 40.84m | 38.48m |
| Ramsdens Holdings PLC | 88.57m | 7.77m |
| Barings Emerging Emea Opportunities PLC | 12.14m | 10.75m |
| Migo Opportunities Trust PLC | 10.03m | 8.32m |
| New Star Investment Trust plc | 15.87m | 14.68m |
| Livermore Investments Group Ltd | 18.78m | 15.50m |
| Octopus Aim VCT 2 PLC | 810.00k | -1.21m |
| Kingswood Holdings Ltd | 64.06m | -13.91m |
| Value and Indexed Property IncomTrstPLC | -2.55m | -7.70m |
| TMT Investments PLC | 8.33m | 7.48m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| AJ Bell Asset Management Ltd.as of 30 Apr 2017 | 1.73m | 8.29% |
| Rathbones Investment Management Ltd.as of 21 Sep 2023 | 1.72m | 8.26% |
| Seven Investment Management LLPas of 31 May 2019 | 1.53m | 7.34% |
| Hargreaves Lansdown Asset Management Ltd.as of 02 Sep 2024 | 1.22m | 5.82% |
| Investec Wealth & Investment Ltd.as of 30 Jun 2023 | 1.20m | 5.74% |
| Charles Stanley & Co. Ltd. (Investment Management)as of 30 Jun 2023 | 1.01m | 4.84% |
| CG Asset Management Ltd.as of 02 Mar 2017 | 987.50k | 4.73% |
| Philip J. Milton & Co. Plcas of 12 Jul 2024 | 888.52k | 4.25% |
| Interactive Investor Services Ltd.as of 31 May 2019 | 878.73k | 4.21% |
| Evelyn Partners Investment Management LLPas of 30 Jun 2023 | 742.15k | 3.55% |
