7th Aug 2020 06:54
KKV Secured Loan Fund Ltd - London-based equipment leasing and asset finance investment company - Shares fall 23% on Thursday after it says its portfolio manager KKV Investment Management Ltd has identified concerns regarding the valuation of some assets in its portfolio. The assets currently identified by the portfolio manager represent around GBP54 million of the net asset value of its ordinary shares and around GBP4 million of the NAV of its C Shares as at June 30. KKVL has a market capitalisation about GBP135.6 million.
The company said its manager's review of the portfolio is ongoing, noting the likelihood that additional assets may also be affected. It added that an independent valuation of the concerned assets will be undertaken.
Current stock price: 21.00 pence
Year-to-date change: down 75%
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
KKVL.L