MIGO Opportunities Trust (LON:MIGO) Announces Quarterly Earnings Results

MIGO Opportunities Trust (LON:MIGO) posted its quarterly earnings data on Tuesday. The company reported GBX 3.80 EPS for the quarter, Digital Look Earnings reports. MIGO Opportunities Trust had a return on equity of 9.96% and a net margin of 78.95%.

MIGO Opportunities Trust Price Performance

Shares of LON:MIGO opened at GBX 407.96 on Tuesday. MIGO Opportunities Trust has a 1 year low of GBX 362 and a 1 year high of GBX 420. The firm has a market capitalization of £69.24 million, a PE ratio of 10.62 and a beta of 0.19. The business’s 50 day moving average price is GBX 407.58 and its 200-day moving average price is GBX 397.39.

MIGO Opportunities Trust Company Profile

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.