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Strategic Equity Capital plc (SEC) Ordinary GBP 0.10

Sell:225.00p Buy:229.00p 0 Change: 1.00p (0.44%)
Market closed Prices as at close on 5 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:225.00p
Buy:229.00p
Change: 1.00p (0.44%)
Market closed Prices as at close on 5 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:225.00p
Buy:229.00p
Change: 1.00p (0.44%)
Market closed Prices as at close on 5 December 2019 Prices delayed by at least 15 minutes | Switch to live prices |
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 absolute returns rather than relative returns over a medium-term period, principally through capital growth. The company will invest primarily in securities quoted on any securities market operated by the LSE that the Manager believes are undervalued and could benefit from strategic, operational and management initiatives. The company will also have the flexibility to invest up to 20% of the GA at the time of investment in securities listed or traded on other recognised stock exchanges and up to 20% of the GA at the time of investment in unquoted securities and in any class of debt or equity-related instrument.

Fee Structure

Basic management fee is 0.75% of the NAV of the company, payable quarterly in arrears. The performance is 10% of any excess of the NAV total return over the higher of the Benchmark NAV per share and the high watermark. The contract is terminable on 12 months notice.

Dividend Policy

The Directors expect that any returns for shareholders will derive primarily from the capital appreciation of the Ords rather than from dividends. The Directors intend only to declare final dividends and then only to the extent necessary to maintain investment trust status.

ASSET SPLIT

Total number of holdings: 18.

Trust Manager

Jeff Harris

Manager Bio

Jeff joined GVQ Investment Management in 2012 as an Analyst. He was appointed Assistant Manager in May 2014. Prior to joining he worked at PricewaterhouseCoopers within the Transaction Services Team on a number of private equity and corporate transactions. Jeff holds the ACA qualification.

Board Of Directors

Richard HillsChairman, David Morrison, William Barlow, Josephine Dixon, Richard Locke

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.

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'.