Montanaro European Smaller Companies Trust (MTE)

Sector:

Investment Firms

Index:

FTSE Small Cap

171.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 172.00
  • 52 Week Low: 135.50
  • Currency: UK Pounds
  • Shares Issued: 162.12m
  • Volume: 970,679
  • Market Cap: £278.03m
  • RiskGrade: 101

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend0.23p0.20p0.20p2.00p1.00p
Final Dividend0.90p0.77p0.72p7.25p7.25p
Total Dividend1.12p0.97p0.93p9.25p9.25p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 4.58 4.10 3.79 2.17 3.50
Operating Profit/(Loss) 3.20 2.71 2.13 0.75 2.34
Net Interest (0.13) (0.08) (0.06) (0.06) (0.05)
Profit Before Tax 3.07 2.62 2.07 0.70 2.29
Profit After Tax 2.69 2.08 1.72 0.53 2.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 2.69 2.08 1.72 0.53 2.00
Attributable to:          
Equity Holders of Parent Company 2.69 2.08 1.72 0.53 2.00
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 1.42p 1.10p 0.96p 0.31p n/a
Earnings per Share - Diluted 1.42p 1.10p 0.96p 0.31p n/a
Earnings per Share - Adjusted 1.42p 1.10p 0.96p 0.31p n/a
Continuing and Discontinued EPS          
Earnings per Share - Basic 1.42p 1.10p 0.96p 0.31p n/a
Earnings per Share - Diluted 1.42p 1.10p 0.96p 0.31p n/a
Earnings per Share - Adjusted 1.42p 1.10p 0.96p 0.31p n/a
           
Dividend per Share 1.12p 0.97p 0.93p 0.93p n/a
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties n/a n/a n/a n/a n/a
Investments 321.68 310.31 339.79 282.58 169.02
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  321.68 310.31 339.79 282.58 169.02
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 0.88 0.88 0.97 0.78 0.62
Cash at Bank & in Hand 0.24 3.22 1.82 1.77 0.41
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a n/a n/a
  1.13 4.10 2.79 2.55 1.02
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 322.80 314.41 342.58 285.12 170.04
           
Liabilities          
Current Liabilities          
Borrowings n/a 8.79 n/a n/a n/a
Other Current Liabilities 1.61 5.65 9.24 0.56 1.11
  1.61 14.44 9.24 0.56 1.11
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 8.47 n/a 8.43 8.49 8.81
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  8.47 n/a 8.43 8.49 8.81
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 10.08 14.44 17.67 9.06 9.91
           
Net Assets 312.72 299.98 324.90 276.07 160.12
           
Capital & Reserves          
Share Capital 9.47 9.47 9.47 8.72 8.72
Share Premium Account 44.06 44.06 44.06 12.71 5.28
Other Reserves 254.73 242.79 268.05 251.40 141.85
Retained Earnings 4.46 3.65 3.32 3.24 4.26
Shareholders Funds 312.72 299.98 324.90 276.07 160.12
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 312.72 299.98 324.90 276.07 160.12
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 2.99 7.70 (38.48) (5.43) (6.26)
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities n/a n/a n/a n/a n/a
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (5.80) (6.32) 38.95 7.28 (0.83)
Net Increase/Decrease In Cash (2.81) 1.38 0.46 1.85 (7.09)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 100.4 125.1 175.0 519.4 733,333,333.3
PEG - Adjusted 3.5 8.3 0.8 0.0 n/a
Earnings per Share Growth - Adjusted 29% 15% 210% 258,333,233% -99%
Dividend Cover 1.26 1.13 1.04 0.34 1.33
Revenue per Share 2.82p 2.53p 2.34p 0.013p 2.16p
Pre-Tax Profit per Share 1.89p 1.62p 1.28p n/a 1.41p
Operating Margin 69.93% 65.98% 56.12% 34.81% 66.86%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 100.4 125.1 175.0 51,451.7 733,333,333.3
PEG - Adjusted 3.5 8.3 0.0 0.0 n/a
Earnings per Share Growth - Adjusted 29% 15% 30,579% 2,607,524% -99%
Dividend Cover 1.26 1.13 1.04 n/a 1.33
           
Dividend Yield 0.8% 0.7% 0.6% 0.6% 0.0%
Dividend per Share Growth 15.98% 4.86% n/a 1,027,777,688.89% (99.00%)
Operating Cash Flow per Share 1.84p 4.75p (23.74p) (3.35p) (0.039p)
Cash Incr/Decr per Share (1.73p) 0.85p 0.29p 0.012p (4.38p)
Net Asset Value per Share (exc. Intangibles) 192.90p 185.03p 200.41p 170.29p 98.77p
Net Gearing 2.63% 1.85% 2.04% 2.44% 5.25%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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