16th Sep 2020 17:08
North Atlantic Smaller Companies Investment Trust PLC - investor in smaller companies based in countries bordering North Atlantic Ocean - Net asset value at July 31, end of first half, down 9.4% to 3,972 pence from 4,384p at the end of December. "The Covid pandemic materially impacted a significant part of the quoted portfolio which resulted in some of our businesses such as MJ Gleeson PLC and Ten Entertainment Group PLC closing entirely for a period. Stobart Group Ltd was also very hard hit as its principal asset Southend Airport ground to a standstill. Whilst these businesses are now once again operating, it most likely will take a long time before they return to normality and their share prices return to former levels," North Atlantic Smaller said.
Current stock price: 2,829.90 pence
Year-to-date change: down 19%
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
STOB.LMJGleesonNorth Atl.smlrTEG.L