The FTSE 250 is challenging its all-time high which is a decent achievement given its star performers end up in the FTSE 100.
The senior index, by the way, is not particularly adjacent to its all-time high.
What’s also impressive is the FTSE 100 jettisons its unwanted baggage, which ends up being carried by the mid-cap index, and yet still it soldiers on, hitting new heights.
So, who are the “hard-chargers” that look set to make it in the fullness of time into the FTSE 100?
Now, you might think that this is a simple matter of listing the FTSE 250 companies ranked by market capitalisation but that does not give any insight into the long-term trajectory of the stock.
To do that, we have calculated the annual percentage growth over a ten-year and ranked them accordingly. For interest, in the table below we have also listed each company’s market capitalisation and where that ranks it.
|Growth rank||Company||Avg. annual % growth||Current market cap. (GBPmln)||Market cap. rank|
|1.||Future PLC (LSE:FUTR)||52.7%||4,236||12|
|2.||Liontrust Asset Management (LSE:LIO)||45.6%||1,253||166|
|3.||Oxford BioMedica PLC (AIM:OXB)||43.4%||1,110||177|
|4.||Games Workshop Group PLC (LSE:GAW)||39.4%||3,727||23|
|5.||Dechra Pharmaceuticals PLC||35.5%||5,305||5|
|6||Allianz Technology Trust||33.2%||1,272||164|
|7.||Avon Protection PLC||32.1%||822||233|
|8.||IP Group PLC (LSE:IPO)||31.8%||1,235||168|
|9.||UNITE Group PLC||31.0%||4,640||9|
Baillie Gifford Shin Nippon PLC
|11.||Sirius Real Estate Ltd (LSE:SRE, FRA:EYI, JSE:SRE)||30.0%||1,264||165|
|12.||Finsbury Growth & Income Trust PLC||29.2%||2,036||90|
It’s worth noting that not all FTSE 250 companies have been around for 10 years. Closes misses from the above list include:
From perusing that list it becomes evident how significant infrastructure investment has become in recent years and how popular CFD platform operators are; there is also some comfort for longstanding WizzAir shareholders.
On another day, we will look at who are the cart-horses, the lame and the sick that appear to be preventing the mid-cap index from emulating its sexier brethren across the pond. Spoiler alert: it won’t make good reading for long-term supporters of oil companies and outsourcing firms.