Aberforth Smaller Companies Trust plc
Kepler ResearchPerformance
The Trust’s objective is to achieve a net asset value total return (with dividends reinvested) greater than that of the Deutsche Numis Smaller Companies Index (Excluding Investment Companies) over the long term. The Trust’s share price, ordinary share net asset value (NAV), historic performance and gearing can be found on this page. An investment trust is a public limited company, the shares of which are traded on the main market of the London Stock Exchange. Accordingly, the ability of shareholders to sell their shares will be dependent on the market price of the shares. The shares may trade at a discount or premium to their net asset value.
Latest NAV
Latest Net Asset Values & Financial Information
| All data as at 20 February 2025 | Values |
|---|---|
| Ordinary Share NAV | 1,562.95p |
| Market value of investments | £1,399.8m |
| Total Shareholders' funds | £1,295.8m |
| Gearing | 8.0% |
Ordinary Share NAV includes current year revenue.
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
Price Ordinary Shares
Past Performance
| Period | Share Price | NAV | DNSCI (XIC) |
|---|---|---|---|
| 1 Year to 31/01/2025 | 11.8 | 12.3 | 13.4 |
| 1 Year to 31/01/2024 | 0.9 | 0.6 | 1.8 |
| 1 Year to 31/01/2023 | (1.5) | (2.6) | (7.5) |
| 1 Year to 31/01/2022 | 23.9 | 25.3 | 15.1 |
| 1 Year to 31/01/2021 | (14.7) | (10.6) | (0.9) |
| Period to 31 January 2025 | Share Price | NAV | DNSCI (XIC) |
|---|---|---|---|
| 2 years | 6.2 | 6.3 | 7.4 |
| 3 years | 3.6 | 3.3 | 2.2 |
| 4 years | 8.3 | 8.4 | 5.3 |
| 5 years | 3.3 | 4.3 | 4.0 |
| 10 years | 6.4 | 6.2 | 6.2 |
| 15 years | 10.1 | 9.5 | 9.1 |
| Inception | 11.4 | 11.7 | 9.7 |
| Period to 31 January 2025 | Share Price | NAV | DNSCI (XIC) |
|---|---|---|---|
| 2 years | 12.8 | 13.0 | 15.4 |
| 3 years | 11.2 | 10.1 | 6.7 |
| 4 years | 37.8 | 38.0 | 22.8 |
| 5 years | 17.5 | 23.3 | 21.7 |
| 10 years | 85.4 | 81.7 | 81.7 |
| 15 years | 323.8 | 291.6 | 270.5 |
| Inception | 3927.0 | 4263.4 | 2247.1 |
NAV = the Trust’s net asset value per Ordinary Share with dividends reinvested.
DNSCI (XIC) = capital appreciation on the Deutsche Numis Smaller Companies Index (Excluding Investment Companies) with dividends reinvested. This comprises the bottom 10% of all UK quoted companies by market value which at 1 January 2025 included some 350 companies, the largest market capitalisation of which was £1,856m and the aggregate market capitalisation of which was £153bn.
Price = the Trust’s Ordinary Share price with dividends reinvested.
Launch = 10 December 1990.
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
Gearing
Investment Trusts may borrow money in order to make further investments. This is known as “gearing”. The effect of gearing can enhance returns to shareholders in rising markets but will have the opposite effect on returns in falling markets.
The Trust has a bank debt facility of £130m which may be used as gearing at any time.