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Odyssean Investment Trust plc (OIT) Ord 1p

Sell:157.50p Buy:159.50p 0 Change: No change
FTSE All Share:0.43%
Market closed |  Prices as at close on 23 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:157.50p
Buy:159.50p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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Market closed |  Prices as at close on 23 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:157.50p
Buy:159.50p
Change: No change
Market closed |  Prices as at close on 23 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective of the company is to achieve attractive total returns per share principally through capital growth over a long term period. The company will primarily invest in smaller company equities quoted on markets operated by the London Stock Exchange, where the Portfolio Manager believes the securities are trading below intrinsic value and where this value can be increased through strategic, operational, management and/or financial initiatives.The Company may, at times, invest in securities quoted on other recognised exchanges and/or unquoted securities.
Security Weight
Elementis plc Ordinary 5p 15.50%
NCC Group plc Ord GBP0.01 12.90%
Ascential Plc Ordinary 1p 10.53%
XP Power Limited Ordinary 1p 8.70%
Xaar Ordinary 10p 7.38%
Sector Weight
Technology 20.28%
Basic Materials 15.50%
Communication Services 10.53%
Industrials 8.70%
Country Weight
United Kingdom 46.31%
Singapore 8.70%

Fee Structure

Management fee is calculated by 1% p.a. of the NAV and 1% p.a. of the market cap of the company. Performance fee will be entitled to 10% of the Excess Amount multiplied by the time weighted average number of Ords. Agreement for an initial term of 12 months, terminable by giving not less than 6 months notice.

Dividend Policy

It is the Company's policy to pursue attractive total returns principally through growth over the long term. The Company will comply with the investment trust rules regarding distributable income, which require investment trusts to retain no more than 15% of their investment income each year. The Company will only pay the minimum dividend required to maintain investment trust status. No dividend will be proposed for the year ended 31 March 2023.

ASSET SPLIT

Total number of holdings: 7.

Trust Manager

Stuart Widdowson

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Jane TufnellChairman, Richard King, Linda Wilding, Peter Hewitt, Arabella Cecil, Indraneil Mahapatra

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.