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BRSC 15:04

Blackrock Smaller Companies Trust PLC

Portfolio Update

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February was another month that saw small and mid-caps in the UK remain under pressure, however, despite the broad underperformance of the market, a number of our holdings continued to demonstrate their resilience and delivered positive updates to buck the downward trend of the wider market. The largest positive contributor was Bloomsbury Publishing, which soared after the company reported that full-year revenue and profit would be significantly <mark style="background-color:yellow">ahead</mark> of recently upgraded market consensus. The business has benefited from strength across its consumer division, helped by its recently released, number one Sarah J. Maas novel, which has spurred a surge in demand for the authors previous 15 titles, which Bloomsbury also published worldwide. The second largest contributor was housebuilder MJ Gleeson. Having recently warned the market of the difficult trading conditions during the first half, investors were clearly encouraged by the “in-line” interim results. Furthermore, the company highlighted signs of a recovery in demand against the backdrop of improving mortgage rates, which they expect to continue in the coming months. The third largest contributor was Tatton Asset Management, which rose despite no stock specific newsflow.

Go Back To AI Charts

BRSC 15:04

Blackrock Smaller Companies Trust PLC

Portfolio Update

Open AI Digest

Go Back To AI Charts

Return to today’s catalyst cards, chart beacons and AI charts.

February was another month that saw small and mid-caps in the UK remain under pressure, however, despite the broad underperformance of the market, a number of our holdings continued to demonstrate their resilience and delivered positive updates to buck the downward trend of the wider market. The largest positive contributor was Bloomsbury Publishing, which soared after the company reported that full-year revenue and profit would be significantly <mark style="background-color:yellow">ahead</mark> of recently upgraded market consensus. The business has benefited from strength across its consumer division, helped by its recently released, number one Sarah J. Maas novel, which has spurred a surge in demand for the authors previous 15 titles, which Bloomsbury also published worldwide. The second largest contributor was housebuilder MJ Gleeson. Having recently warned the market of the difficult trading conditions during the first half, investors were clearly encouraged by the “in-line” interim results. Furthermore, the company highlighted signs of a recovery in demand against the backdrop of improving mortgage rates, which they expect to continue in the coming months. The third largest contributor was Tatton Asset Management, which rose despite no stock specific newsflow.

Go Back To AI Charts