24th Oct 2014 10:30
LONDON (Alliance News) - The news flow from, and earnings prospects of, BlackRock Smaller Companies Trust PLC's portfolio companies remain generally good, according to Chairman Nicholas Fry, meaning that in combination with some share price declines, valuations are looking more attractive.
In a statement, the trust said its net asset value per share fell by 6.2% in sterling terms without income reinvested to 924.15 pence in the six months ended August 31.
The benchmark, which is the Numis Smaller Companies plus AIM (excluding Investment Companies) Index, fell by 7.5%, whilst the FTSE 100 Index rose by 0.1%.
The trust's share price fell by 11.8% to 800.50p per share at the period end.
The trust's shares were Friday quoted up 0.9% at 761.82 pence.
By Samuel Agini; [email protected]; @samuelagini
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