Mercantile Investment Trust (The) (MRC)

Sector:

Investment Firms

Index:

FTSE 250

248.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 258.00p
  • 52 Week Low: 202.50p
  • Currency: UK Pounds
  • Shares Issued: 715.96m
  • Volume: 1,544,025
  • Market Cap: £1,775.57m

Mercantile Investment Trust reports solid returns in tough conditions

By Benjamin Chiou

Date: Friday 12 Apr 2024

LONDON (ShareCast) - (Sharecast News) - UK equity investment firm Mercantile Investment Trust said managed to grow returns in the year to 31 January despite "a generally unsupportive environment".
The company reported a net asset total return based on debt at par value was 4.5% and the total return to shareholders was 6.1%, under the ten-year averages of 6.1% and 6.4% respectively.

Chair Angus Gordon Lennox said most of the company's portfolio holdings performed well during the year. "Existing portfolio holdings have been performing well despite the challenging conditions of the past year and should do even better as and when the economy strengthens," he said.

The company said worries about high inflation and elevated interest rates in the UK had dampened sentiment on equity markets for most of the year, though conditions had improved in the latter part of the period as investors started to foresee monetary policy easing in the near future.

"Nonetheless, there remains a degree of negativity priced into the market at current levels. A lack of clarity about the path of interest rates and economic outlook weighed more heavily on medium and smaller cap companies than on larger cap stocks, given that smaller businesses are usually more vulnerable to rising interest rates and economic downturns," the chair said.

The company has already paid three interim dividends of 1.45p per share for the financial year, with a fourth payment of 3.30p being declared on Friday, bringing the total payout to 7.65p, up 7% on last year.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MRC Market Data

Currency UK Pounds
Share Price 248.00p
Change Today -2.00p
% Change -0.80 %
52 Week High 258.00p
52 Week Low 202.50p
Volume 1,544,025
Shares Issued 715.96m
Market Cap £1,775.57m

MRC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.04% above the market average50.04% above the market average50.04% above the market average50.04% above the market average50.04% above the market average
79.26% above the sector average79.26% above the sector average79.26% above the sector average79.26% above the sector average79.26% above the sector average
Price Trend
41.19% above the market average41.19% above the market average41.19% above the market average41.19% above the market average41.19% above the market average
32.44% above the sector average32.44% above the sector average32.44% above the sector average32.44% above the sector average32.44% above the sector average
Income
19.55% below the market average19.55% below the market average19.55% below the market average19.55% below the market average19.55% below the market average
51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average
Growth
15.21% above the market average15.21% above the market average15.21% above the market average15.21% above the market average15.21% above the market average
12.14% above the sector average12.14% above the sector average12.14% above the sector average12.14% above the sector average12.14% above the sector average

MRC Dividends

  Latest Previous
  Q1 Q4
Ex-Div 05-Jun-25 10-Apr-25
Paid 01-Aug-25 16-May-25
Amount 1.55p 3.40p

Trades for 29-Aug-2025

Time Volume / Share Price
16:39 500,000 @ 248.08p
16:38 5,451 @ 248.00p
16:35 205,385 @ 248.00p
16:35 1,225 @ 248.00p
16:35 1,635 @ 248.00p

Top of Page