IN BRIEF: Albion Technology & General VCT net asset value recovers
Albion Technology & General VCT - London-based technology and healthcare investment company - Net asset value as at June 30 declines 3.4% to 76.02 pence per share from 78.69p a year prior, but is up 4.3% from 72.92p at December 31. Looking ahead, Chair Clive Richardson says: "Although there remain many uncertainties facing the company, with the high levels of inflation, elevated interest rates and geopolitical tensions, the results for the period demonstrate the resilience of our portfolio during these challenging times. Our strategy is to focus on dynamic sectors with long term growth prospects such as technology and healthcare within which we maintain a diversified portfolio in terms of companies at different stages of maturity and across a variety of sub sectors. We remain confident that the company will continue to provide positive results to its shareholders over the long-term." Read More