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Scottish Oriental Smaller Companies (SST)

Business description

SST's objective is to provide shareholders with long-term capital growth through investment in smaller Asian (excluding Japanese) quoted companies. Its assets are invested in a diversified portfolio of securities, substantially in the form of equities, although other listed investment companies and equity-related securities such as convertible bonds and warrants are permitted.

Stock data

Market cap.£259.3m
Last close868.00p
High / Low (52 weeks)1095.0p / 840.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Scottish Oriental Smaller Companies Trust (SST) aims to generate long-term capital growth from investing in smaller Asia ex-Japan listed companies, typically with a market cap below US$1.5bn. The investment approach is bottom-up focused stock picking, unconstrained by benchmark considerations. Over the past 10 years, the trust has achieved an annualised NAV total return of 14.6% pa. Performance has been lower in more recent years, partly reflecting the relative underperformance of smaller companies versus large-cap companies, and quality versus momentum. The portfolio has been repositioned over the past two years and is now more concentrated and focused on higher-growth companies. A 14.8% discount to cum-income NAV has scope to narrow should small-cap Asian equities regain favour and the portfolio repositioning bears fruit.

Last updated on 03/07/2018

Key management

James Ferguson, Chairman

Company address

23 St. Andrew Square
Edinburgh
EH2 1BB
United Kingdom
+44 (0)131 473 2200
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