21st Apr 2022 15:17
Menhaden Resource Efficiency PLC - investment firm - Records 17% growth in net asset value per share to 155.7 pence as at December 31 from 132.7p on the same date a year prior. Says it share price stood at 112.0p on December 31, up 13% from 99.0p. Attributes this to a strong recovery from the pandemic. NAV total return amounts to 17% over the year from 13%, year-on-year. Says this compares favourably to the 11% increase of its RPI+3% primary performance comparator. Reinstates dividend and recommends payout of 0.2p. Believes it is well-placed for the future.
Current stock price: 104.22 pence
12 Month change: up 2.9%
By Abby Amoakuh; [email protected]
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