10th Sep 2019 12:54
(Alliance News) - Honeycomb Investment Trust PLC on Tuesday reported its net asset value per share was broadly unchanged at the half-year stage.
The firm's net asset value per share cum income was 1,014.10 pence at June 30, broadly unchanged from 1,015.70p at the end of December and 1,016.10p at June 30, 2018. Honeycomb reported an annualised total net asset value return of 7.5%.
The company said it has seen "minimal" direct impact from the UK decision to leave the European Union.
"While we cannot remove political uncertainties we do continue to position ourselves to address the economic challenges and opportunities that may arise as the long-term effects of the UK leaving the European Union become clearer," Honeycomb said.
And, despite competition in specialist lending markets, the company has continued to maintain a "disciplined approach" to lending. Honeycomb described its first half as "solid" and said it remains confident in its long-term prospects.
Shares in Honeycomb were down 0.5% at 1,100p in London on Tuesday.
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