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ONWD

Onward Opportunities Limited

Managed by Dowgate WealthLaurence Hulse
Latest factsheet
31 Jul 2026
Net assets
£44.8m
vs asset value
5.3% discount
Holdings
21

The Company aims to generate absolute returns of 15% or more per annum through investments in UK smaller companies.

5.3% discountthe shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 124.5 · asset value per share 131.53 (GBP)

Cumulative performance

PeriodTrustUK AIM All-Share TR
1M-0.40%-1.10%
1M+6.50%+3.70%
1M+4.80%+4.80%
YTD+1.60%+0.50%
YTD+7.10%+3.80%
YTD+2.40%+2.40%
1Y-3.10%+1.90%
1Y+4.20%+6.50%
1Y+6.60%+6.60%
3Y+18.00%+5.50%
3Y+34.60%+22.00%
3Y+23.70%+23.70%
Since launch+24.50%+0.90%
Since launch+37.50%+22.00%
Since launch+21.40%+21.40%

Top holdings · top 10: 9.90%

#HoldingWeight
1RENTGUARANTOR HOLDINGS9.90%
2AUDIOBOOM GROUP9.40%
3LIKEWISE GROUP9.40%
4ANGLING DIRECT7.30%
5FINTEL7.20%
6PEBBLE BEACH GROUP6.80%
7SYNECTICS5.20%
8LIGHT SCIENCE5.10%
9MINCON GROUP5.00%
10THE MISSION GROUP4.60%

Key facts

Stock market ticker
ONWD
ISIN
GG00BMZR1514
Benchmark
UK AIM All-Share TR
Currency
GBP
Domiciled in
United Kingdom
Launched
30 Mar 2023
Management fee
1.50%
Performance fee
12.50%

What the manager said

July marked a third month of pronounced rebound for the NAV as it recovered +6.5% to its highest level since February of 131.53p after some churn in June. In our previous factsheet, we predicted that the typical summer updates from our investments could have the potential to influence share prices and some of these have quickly started to land. Fintel, Audioboom & Pebble Beach got their first chance to reiterate guidance since the Strait of Hormuz closed, with the latter two providing commentary that suggested confidence in trading for the remainder of the year. RentGuarantor and Likewise updated markets that they were tracking ahead of expectations, with strong share price reactions for each. Alumasc warned, citing the well-documented UK construction woes, however, the shares barely moved. These rebounds underscore the Manager's confidence in the scope for a second half that repeats the strong 2025 recovery.

Source factsheets

DatePublished by the trust
31 Jul 2026View original factsheet ↗
29 May 2026View original factsheet ↗
13 Jul 2023View original factsheet ↗
Shares in Onward Opportunities Limited trade on the London market under ONWD. Figures are read from the trust’s own published factsheet and may lag the market. Past performance is not a guide to future returns, and your capital is at risk. This is information, not advice.