18th Nov 2013 18:14
LONDON (Alliance News) - Baronsmead Monday published reports on all five of its VCTs, two of which were annual reports, while all five reported an increase in net asset value per share.
Baronsmead VCT PLC said its net asset value per share increased 15% to 83.36 pence over the twelve months to September 30, before the deduction of dividends, which totalled 6.0 pence for the year. Its investment managers, ISIS EP LLP, said it remains confident that good levels of performance can be maintained despite the challenging economic conditions in the UK.
Also reporting full-year results, Baronsmead VCT 2 said its net asset value per share increased 14.6% to 110.13p in the year ended September 30, before deduction of dividends, which totalled 9.5 pence in the twelve months to September 30. "There are also encouraging signs that the number of available investment opportunities is increasing with eight unquoted investments completed in the year together with some notable successful exits. We believe that the company is well placed to take advantage of the recovery as it gathers momentum. We will continue to focus on delivering a consistent yield for shareholders while protecting the asset base," Clive Parritt, Chairman, said in a statement.
Meanwhile, Baronsmead VCTs 3,4 and 5, which were all reporting for the three months to September 30, said they each saw increases in NAV per share over that period.
Those VCTs reported net asset value of total returns of 4.9%, 3.3% and 8.9% over the three months to September 30, respectively.
Baronsmead VCT shares Monday closed down 0.6% at 72.81 pence.
Baronsmead VCT 2 shares closed at 93.76 pence, down 0.5%, while VCT 3 closed down 0.6% at 104.88. VCT 4 closed down 0.5% at 94.25 pence, while VCT 5 closed up 0.6% at 64.10 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Baronsmead VtBaronsmead 2vt