2nd Dec 2020 15:59
Mobeus Income & Growth 2 VCT PLC - invests primarily in a diverse portfolio of UK unquoted companies - NAV per share at end September at 79.25 pence versus 70.50p at the end of March. Net assets grow to GBP58.2 million from GBP43.6 million over same six-month period. Declares interim dividend of 7.0p, down from 15.0p the year before.
Chair Ian Blackburn says: "This half-year has been very positive for shareholders with the company's NAV total return per share increasing by 18.2%, recovering all of the value lost in the preceding quarter due to the significant and exceptional challenges caused by the outbreak of Covid-19.
"Your company's portfolio of investments has traded above initial expectations during this challenging period and there have been two successful exits. Furthermore, the company's strong financial position has enabled it to make one new investment and to provide additional funding to four of our existing growth investments, as detailed below. The completion of our recent fundraise further strengthens our balance sheet and increases the funds available to take advantage of good investment opportunities as they arise."
Current stock price: 71.00 pence
Year-to-date change: down 15%
By Paul McGowan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
MIG.L