29th Aug 2019 13:09
(Alliance News) - New Century AIM VCT 2 on Thursday said its net asset value per share recovered slightly in the first half of the year following a fall at the end of 2018.
The venture capital trust's net asset value per share at June 30 rose 10% to 53.00 pence from 48.00p at the end of December. The company outperformed the FTSE AIM All-Share index which gained 7.1% over the same period. New Century 2's net asset value per share was 69.00p at the end of last year's interim period.
The company said despite uncertainty with regards to Brexit and trade disputes between the US and China, it is still eyeing "some interesting investment opportunities" from AIM-listed companies.
Chair Geoff Gamble said: "We have a wide spread of established companies across a variety of sectors within the fund that we hope can weather any of the volatility that may occur in the period ahead. It is these factors above that give us cautious optimism for the remainder of the year."
Shares in New Century AIM VCT 2 were untraded in London on Thursday, last quoted at 62.00p each.
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New Cent.2