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The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
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Throgmorton Trust
Throgmorton Trust is an investment trust specialising in the smaller company sector of the UK market.
Inappropriate discount to NAV given continued good performance
Throgmorton's total return per share more than doubled
21.5% rise in NAV compared to 15% for the FTSE SmallCap
Throgmorton; Stockpicking tells
- Excellent stockpicking offsets weak AIM market
- Other small cap funds have less AIM exposure
- NAV still outperforming the benchmark indices
- Discount to NAV still looks unduly high relative to peer group levels and on an absolute basis
Throgmorton Trust; reliable performance
- Throgmorton has outperformed sector average for all periods from 6 months up to 10 years
- Above-average discount despite superior performance
- Buying-in shares to limit or reduce discount
Throgmorton Trust; excellent performance record; inappropriate discount to NAV
- Consistently superior performance vs. market and benchmark
- Focusing on sector that has given strong returns
- Sensible alternative to unwieldy portfolio of smaller companies
- Deserves much lower discount to NAV than current 14.8%
