Company Announcements

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/

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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.

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