17th Nov 2015 11:07
LONDON (Alliance News) - BBGI SICAV SA, a London-listed infrastructure investor, on Tuesday said that portfolio performance and cash receipts are slightly ahead of the business plan and underlying financial models.
The update came in a statement covering the period to November 16 from July 1.
"The net effect of foreign exchange movements on the investment basis NAV [net asset value] from July 1 to November 16 was a decrease of approximately GBP9.3 million," the investment company said.
"The company's shares continue to trade at a premium to NAV closing at GBP1.26 on November 16 representing a premium of 14.1% to the June 30 NAV," the company said.
According to BBGI SICAV, the total shareholder return since it listed in December 2011 to November 16 was 49.67%, equating to a compound annual growth rate of 10.89%.
Shares in BBGI SICAV were down 0.4% at 125.50 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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