5th Feb 2020 13:46
(Alliance News) - Investment company BP Marsh & Partners PLC on Wednesday said it expects to improved an improved year-end net asset value, but added that it is aiming to reduce the discount that its share price is trading in.
BP Marsh's net asset value was GBP130 million at July 31. Per share, it stood at 360.90 pence.
BP Marsh traded 3.5% higher at 270.00p in London on Wednesday afternoon.
The company said: "BP Marsh remains focussed on taking actions to reduce the differential between NAV per share and the current share price.
During the year to January 31, among BP Marsh's new investments included Lilley Plummer Risks Ltd, Lloyd's of London marine broker. BP Marsh acquired a 30% stake in the company.
It also took a 36% stake in Ag Guard Pty Ltd, an Australian agriculture insurance firm.
By Eric Cunha; [email protected]
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