26th May 2023 19:58
Hargreave Hale AIM VCT PLC - Blackpool-based venture capital trust - Says net asset value in the three months to March 31 decreased from 60.31 pence to 52.84p, resulting in a NAV total return to investors of minus 5.8%. Notes sentiment improved at the start of the quarter but concerns started to surface at the end of the quarter that some mid and large sized US regional banks might struggle to operate profitably in a high interest rate environment.
Current stock price: 49.00 pence each, down 2.0% in London on Friday
12-month change: down 30%
By Jeremy Cutler, Alliance News reporter
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