NASCIT has the odd-sounding brief of “capital appreciation through investment in a portfolio of smaller companies principally based in countries bordering the North Atlantic Ocean”. The same large stake probably prevents the discount narrowing. It doesn’t pay a dividend, in a world where income has become an obsession. 05/02/2021 21:25:49 Cookie Policy +44 (0) 203 8794 460 Free Membership Login ORYX INTERNATIONAL GROWTH FUND LTD instruments. some of which is connected with London Stock Exchange plc("LSE")(the "LSE Information") and some of which is connected with (and has been made available on LSE's platform by the company that this particular webpage is dedicated to (the "company Information"), LSE attempts to ensure the LSE information is accurate, but has not and does not in any way review the Company Information and both sets of information are provided for information purpose only and are provided "AS IS" and on an "AS AVAILABLE" basis and may not be accurate or up to date. The Oryx International Growth Fund PE ratio based on its reported earnings over the past 12 months is 7.14.The shares are currently trading at 1450p.. Independent is a bit too ‘sexy growth’ for me though – I can’t tell the difference between skill and luck from what I’ve seen, though granted I haven’t done a deep dive on it. Performance as at 19/08/2019. Search by instrument name, code or ISIN. Oryx International Growth Fund Limited (the 'Company') LEI: 213800W5W6THP34TW941 . There’s no sector information either, although NASCIT has a breakdown showing financial services, travel & leisure, healthcare, and industrials are the main areas of focus. It helps investors identify stocks that are increasing or decreasing in profitability. Here’s the stated investment policy, lightly edited: The Company principally invests in small and mid-size quoted and unquoted companies in the UK and US, targetting companies that have fundamentally strong business models but where there may be specific factors which are constraining the maximisation or realisation of shareholder value, which may be realised through the pursuit of an activist shareholder agenda by the Investment Manager. Mills often manages to get board seats on the companies that Oryx and NASCIT invest in and he doesn’t appear to be shy of forcing change. It’s up 4% in net asset terms over the past 12 months, whereas the average fund is down 6%. Information on this webpage may or may not have been prepared by LSE but is made available without responsibility on the part of LSE. So in the end I got out, but to be honest I probably should have stayed down the hole. And its discount of 26% is the highest of the 23 funds in the sector, where the weighted average is currently 10%. I went down the Christopher Mills rabbit hole in the aftermath of the financial crisis with NAS, and took a position. Your email address will not be published. No responsibility is accepted by or on behalf of the LSE for any errors, omissions, or inaccurate Information on this webpage. To read more about the group please visit harwoodcapital.co.uk. Oryx has a winding-up vote every two years but this is always carried with ease due to NASCIT’s large stake. Oryx isn’t a member of the AIC, making it a little bit harder to research and compare to other similar funds. The website is pretty sparse. A Moneyweek article from last year quotes him as saying “it is easier to get things done nowadays, as investors are more inclined to support activists, but don’t want to do it themselves. © 2021 London Stock Exchange. Quotes. Get an email alert every time I publish a new article. The Company's investment objective is to seek to generate consistently high absolute returns, whilst maintaining a … My interest was piqued by a casual observation that the discount had widened a lot this year and wondering why that was. For a fund that is primarily invested in listed equities, and so can be easily valued, that’s pretty unusual. Mills began his career at Samuel Montagu in the 1970s, where he helped complete a deal to merge Invesco with Brittania Arrow, and then he went on to co-found JO Hambro Capital Management in 1993. I’ve seen Mills comment that he’ll continue “for as long as it’s fun” but that’s not a great help. There is also a separate AIM-listed business called Harwood Wealth Management. Nevertheless, Oryx has an excellent track record and is trading at a whopping discount, which tempted me to have a closer look. Disclaimer: This site is for informational purposes only. When the traded price is any other currency then the Trade Value is displayed in that currency. Oryx International Growth Regulatory News. $11.15 0.0 0.0% Last Trade - 08/07/20. It also doesn’t seem to be signed up to one of three main paid research firms that specialise in covering investment trusts: namely Kepler, Edison, or Quoted Data. The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. Oryx doesn’t seem to have a stated benchmark, which is unusual these days, while NASCIT uses the S&P 500 and also quotes the Russell 2000. Fund / Benchmark Total returns(%) Oryx International Growth Fund (Ordinary Share) Price: 42.63%: Oryx International Growth Fund (Ordinary Share) NAV While it’s just 0.17% of net assets, it leaves a bad taste in the mouth when you come across things like this in the notes to the accounts. But I ended up looking at two very interesting trusts and the tangled web of Mills’ wider business interests. A lot of the best-performing trusts have a strong individual at the helm who seems difficult to replace – I think it comes down to sensible position sizing, as it often seems to do. Sector Financials RiskRating. Live OIG RNS. I also receive a random free share for each completed sign-up. However, it’s unusual to see two fairly straightforward equity funds trade at a larger discount now than they did in 2009 in the aftermath of the financial crisis. Small-cap specialist Oryx International Growth seems to fall into the latter camp. Oryx International Growth Fund (GG00B3BTVQ94:GBX) holding and sectors weighting: top holdings, sector weighting and regional holding. No action should be taken or omitted to be taken in reliance upon information on this webpage. Oryx International Growth Fund (ORYYF) Nasdaq Listed; Nasdaq 100; Data is currently not available. GBX. Your email address will not be published. Find the latest ORYX INTERNATIONAL GROWTH FUND (OIG.L) stock quote, history, news and other vital information to help you with your stock trading and investing. NASCIT’s Chairman, the wonderfully named Peregrine Moncreiffe, owns £12.5m of NASCIT. The possibility of a share buyback programme is mentioned in the accounts, but the trust would then become even more illiquid. Oryx International Growth Ord OIG Rating as of Jan 31, 2021. OIG | A complete Oryx International Growth Fund Ltd. mutual fund overview by MarketWatch. Quote Total Returns Price Ratings & Risk Portfolio Portfolio Holdings Portfolio Premium Details Fees & Expenses Tax Filings … Sector Financials RiskRating. He turns 67 next month, but Oryx is just one of many investment pies he has fingers in. I think he’s not someone I’d want to be on the other side of the table from, but the overall complexities meant that I’m happy with a small holding via Capital Gearing. Oryx International Growth Fund Limited is a closed-ended investment company. Earnings per share growth illustrates the growth of earning per share over the last two reporting periods. Oryx International Growth Fund Limited is a closed-ended investment company. All rights reserved. A minus sign indicates negative growth. These will be displayed at the point of publication, but show the date/time of execution as with other trades. ORYX INTERNATIONAL GROWTH FUND LTD OIG Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Indeed, it hasn’t paid a dividend in the last fifteen years as far as I can tell. Display price followed by previous trading day date. And the large discount to net assets means that last year’s total expenses of £2.3m represent 2.2% of Oryx’s market value. The Company's investment objective is to seek to generate consistently high absolute returns, whilst maintaining a low level of risk for shareholder s. The Company principally invests in small and mid-size quoted and unquoted companies in the United Kingdom and the United States. 1470p -25.0 -1.7% Last Trade - 19/02/21. I’m still none the wiser as to why the discount has increased so much this year, although it may simply be that the narrow discount it traded in late 2018 was just an anomaly. Looking at the past two years, roughly 30% of the portfolio by value has been both bought and sold each year. Size Small Cap Style Super Stock … I’d forgive you for tuning out at this point, but I think there’s an interesting story here. Oryx International Growth Fund Limited. 52-week range Today LSE does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the webpage or any of the Information on it. Your free share is selected at random and usually awarded a week or so after you have funded your account with at least £1. Nothing on this website should be regarded as a buy or sell recommendation as I'm just a random person writing a blog in his spare time and I am not authorised to give financial advice. Discover the world’s international exchange, What should you consider before investing, Conflict of interest policy & UK bribery act. Your email address won't be used for anything else. Select instrument to view. Always do your own research and seek financial advice if necessary! Coverage on Citywire Investment Trust Insider is also pretty sparse, which suggests a lack of private investor interest. The annual report has limited commentary on the top 10 holdings but seems to ignore the rest of the portfolio, so it’s not clear to me what Mills’ thinking is with these smaller positions. Either you’ll regard him as extremely well connected or far too busy to be managing an investment trust. Clicking on a link to “read about the fund manager and the rest of his investment team” takes you to a page that just says: Christopher Mills is Chief Investment Officer of North Atlantic Smaller Companies Investment Trust plc, which is winner of numerous Micropal and S&P Investment Trust awards. Have been on the part of LSE 203 8794 460 free Membership Login Oryx International Fund... With some ‘ key man risk ’ – depending on the person them! In Odyssean Capital which in 2017 launched Odyssean investment trust Insider is also pretty sparse, which is authorised regulated. At just over £80m, it seems to fall into the latter camp point, show. Similar discount and has often done so Fund Stock was issued, Fund. Of a share buyback programme is mentioned in the last two years, 30. 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