Stock data
| Market cap. | £31.6m |
| Last close | 174.38p |
| High / Low (52 weeks) | 262.5p / 163.5p |
| Stock market listing | FULL |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Investment Companies & Trusts |
| Sector | Investment Companies |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (0.07) | (5.74) | (33.57) |
| Relative * | (5.49) | (12.87) | (31.54) |
* % Relative to local index
Other companies covered in sector
Latest research
Long-term recovery potential
Review | Investment Companies | 02/08/2011
US and Chinese micro cap exposure
Review | Investment Companies | 10/09/2010
Investment summary
RENN Universal Growth Investment Trust (RUG) invests in micro-cap stocks and has substantial allocations to both unquoted companies and US-listed Chinese companies. Concerns about potential widespread fraud within this second group have seen a substantial sell-off during the last nine months. This, in turn, has affected the trust’s performance during the year, with RUG losing 15.7% and 8.3% in terms of price and NAV total return respectively. The manager considers that, while there have been instances of fraud, they are not widespread and the sell-off has been substantially overdone. The manager believes the worst has passed and expects to see a substantial recovery over the next six to 12 months.
Last updated on 02/08/2011
Key management
| Ernest John Fenton, Chairman |
| Russell Cleveland, Fund manager |
Company address
| Capita Sinclair Henderson Limited Beaufort House 51 New North Roa Exeter EX4 4EP United Kingdom +44 (0)1392 412122 View website |
