RCS - BlackRock Throg Tst - Update from QuotedData
12/06/2024 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240612:nRSL0420Sa&default-theme=true RNS Number : 0420S BlackRock Throgmorton Trust PLC 12 June 2024 BlackRock Throgmorton Trust - Update from QuotedData 11(th) June 2024 Get it while the price is good Dan Whitestone, BlackRock Throgmorton's (THRG's) manager, believes that the historic selloff of UK equities, with investors taking their money out of UK equities in record numbers, is a behaviour that represents both a disconnect to the strong earnings reported by UK companies, and an attractive valuation opportunity based on the current price of UK equities relative to said earnings. UK companies remain more than competitive compared to international peers based on predicted their predicted earnings growth and valuations, and overseas companies are taking advantage of the situation to snap up UK peers at rock-bottom prices. Investors also seem to overlook the UK economy's improving fundamentals, with business confidence turning positive, the UK consumer remaining robust, and inflation falling to low single digits. Whilst the total returns of THRG's Net Asset Value (NAV) have exceed both its peers and benchmark over the last year, its discount to NAV has still widened to a historically wide 9.5%. Full Research: https://quoteddata.com/research/blackrock-throgmorton-trust-get-it-while-the-price-is-goodget-it-while-the-price-is-good-qd/ (https://quoteddata.com/research/blackrock-throgmorton-trust-get-it-while-the-price-is-goodget-it-while-the-price-is-good-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com/) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. NB: Marten & Co was paid to produce this note on BlackRock Throgmorton Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com/) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com/) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAUASBRSRUNAAR