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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. The Company has the flexibility to also invest in funds established offshore or listed on overseas stock markets, and in closed-ended funds which are not listed or traded on a stock market. The Company has the facility to borrow up to 20% of the Net Asset Value (NAV) of the Company. Its asset allocation consists of equity, private equity, mining, property, alternatives, and cash. Premier Fund Managers Limited is the Company's investment manager.
- Revenue in GBP (TTM)585.00k
- Net income in GBP-932.00k
- 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
Tto 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 | 542.00k | -614.00k |
| EPE Special Opportunities Ltd | 3.75m | -396.47k |
| Marble Point Loan Financing Ltd | 7.48m | 13.64m |
| Rockwood Strategic PLC | 11.11m | 9.74m |
| Gulf Investment Fund PLC | 21.53m | 20.18m |
| Value and Indexed Property IncomTrstPLC | -18.24m | -23.20m |
| Mobeus Income & Growth 4 VCT PLC | 6.79m | 4.45m |
| Migo Opportunities Trust PLC | 585.00k | -932.00k |
| Thames Ventures VCT 1 PLC | -11.41m | -14.16m |
| New Star Investment Trust plc | 8.37m | 7.24m |
| Maven Income and Growth VCT 4 PLC | -1.43m | -4.31m |
| Menhaden Resource Efficiency PLC | 27.02m | 24.09m |
| EJF Investments Ltd | -4.98m | -7.98m |
| Henderson Opportunities Trust plc | -6.38m | -8.17m |
| Alpha Real Trust Ltd | 6.29m | 1.29m |
| Agronomics Ltd | 29.70m | 22.37m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| AJ Bell Asset Management Ltd.as of 30 Apr 2017 | 1.73m | 7.66% |
| Rathbones Investment Management Ltd.as of 21 Sep 2023 | 1.72m | 7.63% |
| Seven Investment Management LLPas of 31 May 2019 | 1.53m | 6.78% |
| Investec Wealth & Investment Ltd.as of 30 Jun 2023 | 1.20m | 5.30% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Mar 2024 | 1.19m | 5.27% |
| Philip J. Milton & Co. Plcas of 11 Sep 2019 | 1.18m | 5.23% |
| Charles Stanley & Co. Ltd. (Investment Management)as of 30 Jun 2023 | 1.01m | 4.47% |
| CG Asset Management Ltd.as of 02 Mar 2017 | 987.50k | 4.37% |
| Interactive Investor Services Ltd.as of 31 May 2019 | 878.73k | 3.89% |
| Evelyn Partners Investment Management LLPas of 30 Jun 2023 | 742.15k | 3.28% |
