14th Dec 2021 11:14
(Alliance News) - Polar Capital Technology Trust PLC on Tuesday reported a rise in net asset value said commodity shortages and energy prices had inhibited growth.
NAV per share at October 31 stood at 2,782.81 pence, up 12% from 2,496.44p on April 30.
The price of Polar Capital Tech shares lagged during the six months, rising 6.3% to 2,514.00p on October 31 from 2,364.00p on April 30. The stock was down 0.8% at 2,615.13p on Tuesday in London.
Polar Capital declared no interim dividend, unchanged from last year. The investment trust said it has "no intention" of declaring a dividend for the the current financial year, ending April 30, 2022.
The London-based investment trust cited commodity shortages and soaring energy prices as its most significant headwinds to growth and investor sentiment.
By Heather Rydings; [email protected]
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