Dedicated farmers growing 120 million kilograms of proprietary potatoes annually drive the success of Smith's chips, marking 90 years of manufacturing in Australia.
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For investment trust bargain hunters, few sectors appear to offer as many rich pickings as private equity, where discounts of 20pc are commonplace. The only problem is they show no signs of shifting.
There is certainly no concern about the performance of these trusts. Questor’s picks in this area have generated strong growth in their assets, but this has yet to be reflected in a better rating for their shares.
ICG Enterprise stands out as a prime example. Last rated a “buy” by this column in April last year, the trust has just reported its best year of performance in a decade, marking the 12th consecutive year in which it has returned more than 10pc.
Micro-cap stocks are often overlooked, but the British market has plenty of them and their potential is massive. Max King picks the best two investment trusts in the sector.
Top performer River and Mercantile UK Micro Cap to return cash to shareholders
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Fifth redemption since IPO
Sabuhi Gard
The River and Mercantile UK Micro Cap investment trust will return cash to shareholders, following strong performance by the company over the past several months.
The trust's board intends to undertake a compulsory redemption of the trust's redeemable ordinary shares. Its redemption mechanism is used periodically to return capital to shareholders so as to return the company's net asset value (NAV) to around £100m, in accordance with the policy in the original prospectus.