26th Mar 2019 12:16
LONDON (Alliance News) - BH Global Ltd on Tuesday said its net asset value grew in 2018, with the share price discount to NAV narrowing sharply.
The investment company reported NAV per share of 1,537 pence at December 31, up from 1,458p reported on the same day a year earlier.
BH Global shares were 0.8% higher on Tuesday at 1,502.25p each.
Over the year the share price discount narrowed from 6.4% to 3.6% at December 31 and as at Tuesday was about 2.8%.
In the first half of 2018, the company said it bought back 735,475 shares at an average discount of 6.5%, but didn't buy back any in the second half.
BH Global noted that the share price discount narrowed to 3.6% from 5.4% at the end of June 2018 as a result of investor transactions in the stock market.
"Both geopolitically and domestically within many countries, not least the US and the UK, these are very uncertain times," said Chair Michael Bunbury.
"Only uncertainty is certain and BH Global will strive to continue to be a stable diversifier in an unstable economic and political world," added Bunbury.