19th Jun 2015 10:46
LONDON (Alliance News) - Alpha Real Trust Ltd Friday said it is "actively sourcing and analysing" potential new investments, having sold numerous non-core holdings.
"As Alpha Real Trust's current investment portfolio is being improved, we continue to seek new opportunities focused around the twin strategy of investing in debt investments where capital can benefit from a preferred risk position and asset investments and co-investments with substantial cash flows or scope for high risk-adjusted returns," Chairman David Jeffreys said in a statement.
"The company is actively sourcing and analysing new investment opportunities and has the agility and financial reserves to capitalise on those that meet its investment criteria. Our improving earnings and enhanced cash reserves position the company strongly for continued progress in the year ahead," Jeffreys said.
The chairman's comments came as the trust reported results for its last financial year, which showed that its net asset value per share increased to 113.2 pence at the end of March from 107.0p one year earlier.
Shares in the company were up 3.1% at 67.00 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Alpha Real