2nd Jun 2021 16:04
Intuitive Investments Group PLC - closed-end investment company focused on life sciences sector - Says net asset value per share up 4.6% since AIM float in mid-December for the three-and-a-half months to March 31 and up 11% for five-and-a-half months to June 1. Income for period from incorpoation to March 31 GBP422,220 and pretax profit GBP324,838.
Raised GBP8.1 million at flotation, with GBP7.6 million for investment and ongoing costs of company after advisers' fees. Has invested GBP3.5 million with cash and cash equivalents at the period end of GBP3.9 million. Post period end, it invested GBP1.4 million.
"The board, investment team and advisory panel have been extremely active for the period from flotation. Our rate of capital deployment has been ahead of our expectation at the time of flotation, and we expect to be fully deployed by the end of June. We are pleased with the companies we have been able to invest in and believe they are poised for high growth. Overall a lovely job," says Chair David Evans.
Current stock price: 22.80 pence, up 8.6% on Wednesday
Year-to-date change: up 2.5%
By Lucy Heming;Â [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Intuitive Investment Group