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About the company
Rockwood Strategic plc is a United Kingdom-based investment trust. The Company invests in a focused portfolio of smaller United Kingdom public companies. The investment objective is to make investments capable of delivering 15% Internal Rates of Return (IRR) over the medium term. The strategy identifies undervalued investment opportunities, where the potential exists to improve returns and where the Company is benefitting, or will benefit, from operational, strategic or management changes. The purpose of the Company is to achieve predominantly capital growth in its shareholders' wealth over time. It aims to achieve this by using its closed-ended structure to invest in a concentrated number of smaller quoted companies, which the investment manager believes are undervalued and could be generating higher returns for their shareholders. It intends to invest the majority of its capital in a concentrated portfolio of up to 10 core investments. Its investment manager is Harwood Capital LLP.
- Revenue in GBP (TTM)3.83m
- Net income in GBP2.90m
- Incorporated1999
- Employees0.00
- LocationRockwood Strategic Plc29 Wellington StreetLONDON LS1 4DLUnited KingdomGBR
- Phone+44 20 7549 1688Fax+44 20 7851 7770
- Websitehttps://www.rockwoodstrategic.co.uk/
Profile
| Management group(s) | Harwood Capital LLP |
|---|---|
| AIC sector | UK Smaller Companies |
| ISIN | GB00BRRD5L66 |
| Launch date | 10 Aug 2015 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company seeks investments in securities that the Investment Manager believes can generate a 15% IRR over the medium to long-term, principally through capital appreciation, and typically expects a holding period of at least three to five years. Investments are sought where the securities are valued at less than the Investment Manager's view of their intrinsic value. The Investment Manager seeks to invest in businesses which it believes offer opportunities for value to be unlocked or created through strategic, management or operational changes, typically leading to improved returns, profits and growth
Managed by
| Richard Staveley |
|---|
Management & contract fees
Management fee of GBP 120,000 p.a. less than GBP 60m NAV, 1% thereafter. The performance fee equals to 10% of outperformance over the higher of a 6% p.a. total return hurdle and the high watermark.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Kingswood Holdings Ltd | 64.06m | -13.91m |
| Schroders Capital Global Innvtn Trst PLC | -36.24m | -38.55m |
| Maven Income and Growth VCT 4 PLC | 4.03m | 1.28m |
| Global Opportunities Trust PLC | 6.35m | 5.48m |
| Henderson Opportunities Trust plc | 2.70m | 997.00k |
| Albion Crown VCT PLC | 4.28m | 2.17m |
| Menhaden Resource Efficiency PLC | 19.50m | 16.19m |
| Rockwood Strategic PLC | 3.83m | 2.90m |
| Blackrock Latin Amercn Invstmnt Trst PLC | -16.39m | -18.93m |
| VietNam Holding Ltd | 23.77m | 20.53m |
| EJF Investments Ltd | 11.30m | 7.88m |
| Premier Miton Group PLC | 68.90m | 2.09m |
| Shires Income plc | 625.00k | -1.47m |
| CT UK High Income Trust PLC | 13.29m | 11.22m |
| UIL Ltd | -16.09m | -25.02m |
| Molten Ventures VCT PLC | -5.00m | -8.05m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Janus Henderson Investors UK Ltd.as of 01 Aug 2024 | 16.31m | 47.01% |
| Barclays Bank Plc (Private Banking)as of 01 Aug 2024 | 9.06m | 26.12% |
| Harwood Capital LLPas of 24 Oct 2024 | 8.36m | 24.08% |
| Rothschild & Co. Bank AGas of 01 Aug 2024 | 4.26m | 12.28% |
| M&G Investment Management Ltd.as of 01 Aug 2024 | 4.14m | 11.93% |
| Girard Advisory Services LLCas of 01 Aug 2024 | 3.35m | 9.64% |
| Interactive Investor Services Ltd.as of 30 Jun 2024 | 3.11m | 8.96% |
| Hargreaves Lansdown Asset Management Ltd.as of 30 Jun 2024 | 2.78m | 8.01% |
| Ennismore Fund Management Ltd.as of 01 Aug 2024 | 2.55m | 7.35% |
| Goldman Sachs Advisors BVas of 01 Aug 2024 | 1.81m | 5.22% |
