BlackRock Throgmorton Trust PLC GBP (GB:THRG)
LSE:THRG
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BlackRock Throgmorton Trust PLC GBP
(LSE:THRG)
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Rating:50Neutral
Price Target:
510.00 p
▼(-17.21% Downside)
Action:DowngradedDate:03/06/26
The score is held back primarily by unstable earnings/cash flow and weak technical momentum (below key moving averages with negative MACD). A strong, low-leverage balance sheet supports the outlook, while valuation remains constrained by loss-making results despite a ~3% dividend yield.
Positive Factors
Low leverage / Conservative balance sheet
A very low debt load is a durable strength for an investment trust focused on small caps: it reduces funding and refinancing risk, preserves optionality to add selective gearing in favorable markets, and increases resilience to equity market drawdowns that often hit smaller companies hardest.
Negative Factors
Earnings volatility
Highly variable annual returns indicate that portfolio outcomes are driven by market swings in underlying small-cap holdings rather than stable operating earnings. This undermines predictability of capital returns and makes multi-month performance dependent on market cycles and stock selection luck.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Conservative balance sheet
A very low debt load is a durable strength for an investment trust focused on small caps: it reduces funding and refinancing risk, preserves optionality to add selective gearing in favorable markets, and increases resilience to equity market drawdowns that often hit smaller companies hardest.
Read all positive factors
BlackRock Throgmorton Trust PLC GBP (THRG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend Yield2.93%
Average Volume (3M)234.01K
Price to Earnings (P/E)8.5
Beta (1Y)1.24
Revenue Growth-141.34%
EPS Growth-151.52%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding75,081,860
10 Day Avg. Volume175,811
30 Day Avg. Volume234,015
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)0.96
Price to Sales (P/S)-75.87
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BlackRock Throgmorton Trust PLC GBP Business Overview & Revenue Model
Company Description
BlackRock Throgmorton Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. I...
How the Company Makes Money
As an investment trust, BlackRock Throgmorton Trust PLC is not an operating company that sells products or services to customers; instead, it is a closed-ended fund vehicle whose financial results are primarily driven by the performance of its inv...
BlackRock Throgmorton Trust PLC GBP Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
82
Very Positive
Cash Flow
56
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -6.33M | 94.52M | -2.33M | -300.67M | 224.47M |
| Gross Profit | -8.04M | 87.29M | -11.51M | -305.79M | 213.01M |
| EBITDA | -8.90M | 86.48M | -3.11M | -295.22M | 223.36M |
| Net Income | -9.04M | 86.32M | -15.75M | -295.89M | 223.33M |
Balance Sheet | |||||
| Total Assets | 508.10M | 606.30M | 586.04M | 643.67M | 956.87M |
| Cash, Cash Equivalents and Short-Term Investments | 30.88M | 43.89M | 24.33M | 58.79M | 25.22M |
| Total Debt | 0.00 | 0.00 | 306.00K | 0.00 | 0.00 |
| Total Liabilities | 6.49M | 10.39M | 10.12M | 10.31M | 21.72M |
| Stockholders Equity | 501.62M | 595.91M | 575.92M | 633.36M | 935.15M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 86.61M | 6.88M | 39.04M | -101.02M |
| Operating Cash Flow | 222.00K | 86.61M | 6.88M | 39.04M | -101.02M |
| Investing Cash Flow | 71.48M | 59.59M | -9.21M | 93.85M | -138.88M |
| Financing Cash Flow | -85.25M | -66.68M | -41.54M | -4.79M | 114.46M |
BlackRock Throgmorton Trust PLC GBP Technical Analysis
Neutral
616.00
Price Trends
588.43
Negative
592.80
Negative
583.82
Negative
Market Momentum
-13.19
Negative
49.59
Neutral
80.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THRG, the sentiment is Neutral. The current price of 616 is above the 20-day moving average (MA) of 539.02, above the 50-day MA of 588.43, and above the 200-day MA of 583.82, indicating a neutral trend. The MACD of -13.19 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 80.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:THRG.
BlackRock Throgmorton Trust PLC GBP Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £3.54B | 9.24 | 6.50% | 7.21% | -7.11% | 0.45% | |
76 Outperform | £195.09M | 4.34 | 12.32% | 8.15% | 1.29% | 11.17% | |
74 Outperform | £805.37M | 8.25 | 11.49% | 2.70% | -4.38% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | £149.23M | 11.47 | 9.72% | 21.31% | -15.65% | -12.27% | |
50 Neutral | ― | 8.48 | 0.44% | 2.93% | -141.34% | -151.52% |
* Financial Sector Average
GB:THRG
BlackRock Throgmorton Trust PLC GBP
552.00
82.32
17.53%
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403.00
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GB:JUP
Jupiter Fund Management Plc
158.00
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133.71%
GB:LIO
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246.00
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GB:ABDN
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GB:SBO
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5.70%
BlackRock Throgmorton Trust PLC GBP Corporate Events
Business Operations and StrategyFinancial Disclosures
BlackRock Throgmorton Trust Holds Course Amid Volatile UK Small-Cap Market
Negative
Mar 30, 2026
BlackRock Throgmorton Trust PLC reported flat net asset value performance for February 2026, trailing its Deutsche Numis smaller companies benchmark, which gained 0.8%, while its shares fell 2.1% and continued to trade at a double‑digit disc...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
BlackRock Throgmorton Trust Wins Strong Shareholder Backing at AGM
Positive
Mar 26, 2026
BlackRock Throgmorton Trust plc reported that all 14 resolutions put to shareholders at its latest Annual General Meeting were approved by poll, confirming strong investor support for the board’s proposals. The resolutions, detailed in the c...
Business Operations and StrategyShareholder Meetings
BlackRock Throgmorton Trust Wins Strong Shareholder Backing for Restructuring Scheme
Positive
Mar 26, 2026
BlackRock Throgmorton Trust plc reported that shareholders approved all resolutions at its General Meeting, including the reclassification of Ordinary Shares and related amendments to the company’s Articles of Association. Investors also bac...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
BlackRock Throgmorton Trust Files 2025 Annual Report and AGM Proxy
Neutral
Mar 4, 2026
BlackRock Throgmorton Trust plc has submitted its Annual Report for the year ended 30 November 2025 and the related Form of Proxy for its upcoming Annual General Meeting to the UK National Storage Mechanism. The documents, which detail the trust&#...
Business Operations and StrategyFinancial Disclosures
BlackRock Throgmorton Beats Benchmark as Manager Sees Deep Value in UK Small Caps
Positive
Mar 2, 2026
BlackRock Throgmorton Trust reported a 7.5% net asset value return in January 2026, comfortably ahead of its Deutsche Numis Smaller Companies plus AIM benchmark’s 4.9% gain, and ended the month with total gross assets of £540 million an...
Regulatory Filings and Compliance
BlackRock Throgmorton Trust Updates Issued Share Capital and Voting Rights
Neutral
Mar 2, 2026
BlackRock Throgmorton Trust plc has reported that, as of 28 February 2026, its issued share capital consists of 75,033,364 ordinary shares of £0.05 each, excluding 28,176,500 shares held in treasury. The company has clarified that shareholder...
Business Operations and StrategyM&A Transactions
BlackRock smaller-company trusts line up merger to cut costs and boost scale
Positive
Feb 26, 2026
BlackRock Throgmorton Trust and BlackRock Smaller Companies Trust plan to merge, creating a larger, more liquid vehicle in the UK smaller companies space under co-managers Roland Arnold and Dan Whitestone. With the portfolios already sharing about...
Business Operations and StrategyFinancial Disclosures
BlackRock Throgmorton Trust Flags Modest December Return Amid UK Small-Cap Headwinds
Neutral
Feb 6, 2026
BlackRock Throgmorton Trust PLC reported a modest net asset value (NAV) total return of 0.2% for December 2025, underperforming its Deutsche Numis Smaller Companies + AIM (excluding Investment Companies) benchmark, which rose 1.4%, while the share...
Regulatory Filings and Compliance
BlackRock Throgmorton Trust Updates Market on Share Capital and Voting Rights
Neutral
Feb 2, 2026
BlackRock Throgmorton Trust plc reported that, as of 31 January 2026, its issued share capital consists of 75,033,364 ordinary shares of £0.05 each, excluding 28,176,500 shares held in treasury. Shareholders are instructed to use the figure o...
Regulatory Filings and Compliance
BlackRock Throgmorton Trust Updates Share Capital and Voting Rights Figure
Neutral
Jan 2, 2026
BlackRock Throgmorton Trust plc has reported that, as of 31 December 2025, its issued share capital consists of 75,033,364 ordinary shares of £0.05 each, excluding 28,176,500 shares held in treasury. The company has instructed shareholders to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.