7th Oct 2022 10:57
Rockwood Strategic PLC - London-based investor in smaller UK public companies formerly known as Rockwood Realisation PLC - Reports half-year net asset value total return of negative 10% compared to FTSE small cap of negative 20% and FTSE AIM all share of negative 23%.
Net asset value at September 30% falls 4.4% to 1446.7 pence per share from 1,512.8p at June 30.
Says at period end it traded at a discount of 2.2% to NAV. Adds that net cash amounts to GBP2.4 million at September 30.
In August, Rockwood said it was planning to apply to move to Premium Segment of Main Market and cancel AIM listing. Move is part of plan to "improve the tax efficiency of the company as expediently as possible".
Declares no interim dividend for the half-year ended September 30. Looking ahead, firm says: "We are anticipating a number of second half investee dividends alongside an announced return of capital from Smoove PLC". Smoove provides online services for conveyancing and financial intermediary markets and is best known for its conveyancer comparison platform eConveyancer.
Current stock price: 1,400.00 pence
12-month change: down 18%
By Xindi Wei; [email protected]
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