14th Sep 2020 22:40
NB Private Equity Partners Ltd - investment company based in Guernsey - June 30 net asset value per USD share USD18.28, down from USD19.11 at the end of 2019. NAV per share total return for first half negative 2.9%; share price total return negative 22%. NAV per share as at August 31 USD18.40. Dividends paid in financial period down at USD0.29 from USD0.57.
Chair William Maltby: "Much of [NB Private Equity Partners'] investment portfolio is positioned in sectors generally less impacted by the Covid-19 crisis, such as technology and healthcare and quasi-infrastructure investments. Of course, it is difficult to predict how the global economy will respond in the short to medium term and there are a small number of investments which have been adversely affected in the consumer discretionary, media and advertising, industrials and other sectors which have been more impacted by the lockdowns and ongoing crisis. Fortunately these are a small minority of the portfolio and through the proactive actions of their management and owners, even these companies have now been positioned as well as possible for the future."
Current stock price: 929.00 pence
Year-to-date change: down 23%
By Anna Farley; [email protected]
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