13th Dec 2019 10:26
(Alliance News) - Small and medium-sized business investor Oryx International Growth Fund Ltd on Friday reported an interim net asset value rise despite share price declines at logistics investee Hargreaves Services PLC and turmoil at Goals Soccer Centres PLC.
In the year ended September 30, net asset value rose 9.0% to GBP145.3 million from GBP133.3 million at the end of March. Per share, this was 9.1% to 1,024.00 pence from 939.00p in March.
The stock was trading 2.9% higher at 910.60p each in London on Friday morning.
Boosting the investor's net asset value were pharmaceutical firm Ergomed PLC and artificial intelligence firm Renalytix AI PLC, which gained 77% and 76% during the period.
Oryx added: "The principal disappointment in the interim was Hargreaves Services, which declined 21% through September. Despite a challenging year, we remain confident that management can fulfil its strategic objectives to release capital, manage risk and improve margins."
Its investment in Goals was written off during the period, after the troubled five-a-side football pitch operator grappled with fraud allegations and de-listed from AIM.
By Eric Cunha; [email protected]
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Related Shares:
Oryx International GrowthERGO.LHargreaves ServRenalytix Plc