25th Jul 2024 13:58
Bellevue Healthcare Trust PLC - London-based investment trust focused on equities in the healthcare sector - Reports net asset value total return of positive 6.3% for the six months ended May 31, swinging from negative 12.7% the prior year. Underperforms however against its benchmark, the MSCI World Healthcare index, which delivers positive 9.7%. NAV rises to 149.95 pence per share at May 31 from 143.87p at November 30. Says it will pay one interim and one final dividend, both 2.52p per share.
Chair Randeep Grewal comments: "Though it is pleasing to see some positive performance in recent months, both the investment manager and the board are aware that there is significant ground to be made up to reach the performance of the benchmark...Hence it is clear that we must redouble our efforts to perform. The investment manager has reviewed their process and the board is satisfied that the management team is well resourced and supported to achieve its investment goals."
Current stock price: 147.80
12-month change: down 2.1%
By Emma Curzon, Alliance News reporter
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