Mercantile Investment Trust14 Mar 2021 07:20
Like the look of us.
New stakes were taken in video games specialist Team17 and food supplier Premier Foods, owner of iconic brands such as Mr Kipling, Oxo and Bisto.
Both these companies have benefited from people spending more time at home, playing more video games and eating in rather than out. Says Anderson: 'We could see a tremendous growth runway ahead for Team17. Premier Foods is an established business and has had challenges, but it has paid down debt and is looking to sell more of its produce outside of the UK.' Over the past five years, the trust has generated a total return for investors of 86 per cent – way in excess of the FTSE-AllShare Index (37