6th Apr 2020 18:03
(Alliance News) - Gresham House Strategic PLC said Monday its portfolio is well placed to handle the current "difficult environment" caused by the outbreak of Covid-19.
This confidence, GHS said, is reflected in its decision to retain its commitment to raise the dividend by 15%.
GHS's 12-month net asset value total return was negative 14.3% to 1062.20 per share compared to the FTSE Small Cap Index total return of negative 24.7% in the year ended March 31.
"Whilst many open-ended small company funds will have to anticipate and manage fund cashflows, our cash is protected and awaiting deployment, either to build existing holdings or take advantage of new investment opportunities that emerge, of which there will be many. Our challenge in a concentrated approach is to then to pick the very best, balanced for both reward and risk," GHS said.
The investment firm said its portfolio had a "strong" financial position going into the period of uncertainty.
Shares in Gresham House Strategic closed 1.5% higher in London on Monday at 898.00 pence each.
By Paul McGowan; [email protected]
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