Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

IN BRIEF: Albion Development VCT net asset value falls annually

19th Sep 2023 20:44

Albion Development VCT - London-based venture capital trust - Net asset value as at June 30 declines to 91.75 pence from 93.55p a year prior, but improves from 88.65p as at December 31. Reports NAV total return per share of 5.8% for the six months to June 30, despite a "difficult macroeconomic and geopolitical backdrop" such as high inflation, rising interest rates and volatility of quoted technology companies. Albion Development adds it paid an interim dividend of 2.22p per share, down from 2.37p a year prior. Company says it will pay a further dividend of 2.29p per share for 2023. Looking ahead, says faces macroeconomic issues including a period of economic stagnation "or even recession in the UK".

Current stock price: 84.50 pence, closed down 1.7% on Tuesday

12-month change: down 2.9%

By Tom Budszus, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value8,191.29
Change0.00