IN BRIEF: Maven Renovar VCT NAV per share at half-year end declines
Maven Renovar VCT PLC - invests primarily in AIM-traded companies - Net asset value per share at July 31 half-year end declines to 67.24 pence from 76.40p at end of January. However, it notes a 7.2% total return. "Despite a difficult market for valuations M&A activity remained at a high level, which benefitted your company directly. Unfortunately, the market continues to favour profitable companies, and it remained a challenging period for the valuations of younger, pre-profitable emerging companies. New IPO activity continues to be heavily depressed, and both share price performance and trading volumes for many AIM companies remains weak," Maven Renovar VCT adds. Read More