Key Points
- Insider purchase: Ian Henderson bought 2,373 MIGO Opportunities Trust shares at GBX 419 each, for a total investment of approximately £9,943.
- Share performance: MIGO shares opened at GBX 418, close to their 52-week high of GBX 421 and above their 50-day and 200-day moving averages.
- Financial profile: The trust reported quarterly EPS of GBX 3.80, a 17.99% return on equity and an 86.95% net margin. It invests primarily in discounted closed-end funds and seeks to outperform three-month SONIA plus 2% over the long term.
MIGO Opportunities Trust plc (LON:MIGO - Get Free Report) insider Ian Henderson acquired 2,373 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of GBX 419 per share, with a total value of £9,942.87.
MIGO Opportunities Trust Price Performance
Shares of LON MIGO opened at GBX 418 on Wednesday. MIGO Opportunities Trust plc has a 1-year low of GBX 362 and a 1-year high of GBX 421. The company has a debt-to-equity ratio of 14.26, a current ratio of 0.72 and a quick ratio of 44.36. The business's fifty day moving average price is GBX 413.09 and its two-hundred day moving average price is GBX 405.35. The firm has a market capitalization of £70.94 million, a PE ratio of 5.92 and a beta of 0.37.
MIGO Opportunities Trust (LON:MIGO - Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported GBX 3.80 earnings per share (EPS) for the quarter. MIGO Opportunities Trust had a return on equity of 17.99% and a net margin of 86.95%.
MIGO Opportunities Trust Company Profile
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Get Free Report)
MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.
The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.
The Company invests in closed-end investment funds traded on the London Stock Exchange's Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.
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