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Contact details

ManagerGroupLogo
25 North Row, London, W1K 6DJ
+44 20 3691 6107 (Fax Number)
+44 20 3691 6100 (Main Number)
+44 20 3691 6105 (Marketing)

gvoim.support@gvoim.com

Fund managers

* Stuart Widdowson»30-Jun-2009 to Present
Jeff Harris»01-May-2014 to Present
Adam Steiner»30-Jun-2009 to 30-Apr-2014
Tony Dalwood»19-Jul-2005 to 30-Jun-2009
Graham Bird»19-Jul-2005 to 28-Feb-2009


Investment objectives

Strategic Equity Capital plc (SEC) is a London-listed investment trust investing predominately in small cap UK equities. The Trust is not constrained by market indices and aims to maximise returns for investors over the medium term

Key Information

Fund vs sector

  1y 3y
Position 2 / 16 1 / 16
Quartile 1 1

Fund ratings

FE Crown Rating: 5 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 13.31 12.80
Alpha 27.18 17.24
Beta 0.93 0.75
Sharpe 2.07 2.29
InfoRatio 2.65 1.20
R2 0.42 0.45
Quartiles:   1  2   3  4   help with ratios
vs. UK Smaller Companies»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+18.5 +147.1 +231.4 +53.1 +36.2 +2.9 +30.4
  NAV +17.9+104.9+174.7+34.9 +28.8+7.4+24.9
  UK Smaller Companies -2.8+62.8+99.2+42.3+17.7+5.8+15.7
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf STRATEGIC EQUITY CAPITAL PLC UNIT 165.00 (p) 24-Oct-2014 -8.82 180.96 175.10
17-Oct-2014
100 0.47 0.47
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
STRATEGIC EQUITY CAPITAL PLC UNIT LONDON 10 57,176,000 94.34 n/a n/a company announcements
Share identifiers: TIDM: SEC; SEDOL: B0BDCB2; ISIN: GB00B0BDCB21
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched2005
Gross assets£103.5m / $166.4m
Sector UK Smaller Companies
Asset ClassEquity
Own ISA wrapper Fund has no ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsn/a
Last report / accounts18-Sep-2014
Last AGM05-Nov-2013
Next AGMNovember 2013
EGMn/a
Stockbroker(s)Canaccord Genuity Ltd
Management contractThe Investment Manager is entitled to receive from the Company a basic fee together, where applicable, with a performance fee. The basic management fee accrues weekly and is payable quarterly in arrears. The basic fee is the lower of (i) 1% of the adjusted NAV of the Company and (ii) 1% per annum of the Company’s market capitalisation. The Investment Manager will be entitled to a performance fee in respect of a performance period only if certain criteria are met. The fee is 15% of the excess returns over the FTSE Small Cap ex Investment Trusts total return + 2% pa over the rolling three year period and providing the high watermark is exceeded (which is the highest NAV per share by reference to which a performance fee was paid previously).Company secretarial services and the general administration of the Company are undertaken by Capital Sinclair Henderson Limited (CSH) for a fee for the year to 30 June 2012 of £77,000. The fee is subject to annual review based on the UK Retail Price Index. In the event that there is an increase in the issued share capital of the Company, the fee will be adjusted upwards by agreement between the Company and CSH. The agreement may be terminated by either party giving to the other not less than six month’s notice at any time.
Borrowing limitn/a
Continuation / Wind-up provisionShareholders continue to have the opportunity at each AGM of the Company, to vote on the continuation of the Company. The Investment Manager has agreed that, if any such resolution is not passed, the company will be entitled to give notice terminating the Investment Managers appointment without compensation being payable to the Investment Manager in lieu of any period of notice otherwise required under the Investment Manager Agreement.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity n/a UK Smaller Companies
Largest holdings, 30-Sep-2014
Holding (%) Rank Holding (%) Rank
E2V TECHNOLOGIES10.701EMIS GROUP PLC7.506
TYMAN PLC10.502GOALS SOCCER CENTRES6.407
SERVELEC GROUP PLC10.103ALLOCATE SOFTWARE PLC6.408
4IMPRINT GROUP PLC8.904GOOCH & HOUSEGO PLC5.609
WILMINGTON GROUP8.605
 Total74.70 
Regional weightings, 30-Sep-2014
Region (%) Rank  
UK 93.80 1 93.80% UK
Cash 6.20 2 6.20% Cash
Total100.00 
Sector weightings, 30-Sep-2014
Sector (%) Rank  
Technology 24.00 1 24.00% Technology
Electronics 19.30 2 19.30% Electronics
Industrials 16.30 3 16.30% Industrials
Support Services 12.30 4 12.30% Support Services
Consumer Services 9.30 5 9.30% Consumer Services
Media 8.60 6 8.60% Media
Cash 6.20 7 6.20% Cash
Health Care 2.20 8 2.20% Health Care
Unlisted 1.80 9 1.80% Unlisted
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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Theo Jul 14th, 2011 at 02:52 AM

How on Earth does this IT get 3 crowns from Trustnet, with a 3yr and 5yr performance like that?

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Asset allocation

UK Equities, 93.80%
93.8000% ofUK Equities
Cash, 6.20%
6.2000% ofCash

Sector analysis

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