7th Sep 2018 10:59
LONDON (Alliance News) - Crystal Amber Fund Ltd on Friday said it expects "further positive results in the coming year" following a rise in net asset value per share in financial 2018.
NAV per share rose to 244.62 pence in the year to the end of June compared to 204.37p reported at the end of the same period a year ago.
With dividends reinvested, NAV total return per share for the year was 22.8%. This compares to
the Numis Small and Mid-cap Cos Index of 8.2%.
The stock was trading 0.5% lower on Friday at 230.90p per share.
Over the year, Crystal Amber said its shares traded at an average month-end discount to NAV of 3.0%.
The fund also said, during the period, it bought back 1.2 million of its own shares at an average price of 192.41p each, as part of its strategy to limit any substantial discount of the share price to NAV.
"I am pleased to report good performance with gains from a number of our holdings," said Chairman Christopher Waldron.
"Our active engagement with investee companies continues and we are confident that this will yield further positive results in the coming year," added Waldron.
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Crystal Amber