13th Aug 2015 16:21
LONDON (Alliance News) - Neptune Calculus Income and Growth VCT said Thursday its portfolio saw an increase in value in the first half of 2015, and it saw a return per share of 2 pence.
The company invests around 75% of its funds in unquoted or AIM-quoted investments across a range of sectors.
The venture capital trust proposed an interim dividend of 1.5 pence.
It had a net asset value of 46.6 pence as at end-June, but said that net asset value had declined to 45.4 pence as at end-July.
It said that during the period the overall value of its unquoted portfolio increased by 10% due to an increase in the value of Terrain Energy Ltd. Whilst its quoted portfolio value fell by around 2.4%, compared with an increase of 7.6% in the AIM market, mostly due to the fall in the share price of Epistem Holdings PLC.
"There are signs of a strengthening economy, and we believe the investments in the portfolio are well placed to benefit from improving conditions," the trust said in a statement.
Shares in the trust were untraded Thursday. They last closed at 37.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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