28th Aug 2015 11:14
LONDON (Alliance News) - Puma VCT 9 PLC on Friday said its net asset value share at the end of June was 96.81 pence after adding back dividends paid to date of 6p, representing a return of 1.30p per ordinary share for the period.
"We are pleased that a significant proportion of the company's available cash is now invested in a diverse portfolio of qualifying and non-qualifying investments, generating an attractive return. The Investment Manager is in legal process with a number of further qualifying investment opportunities and expects to make such investments in the second half of the year," Chairman Egmont Kock said in a statement.
"The restrictions on availability of bank credit continue to affect the terms on which target companies can raise finance and this should both increase the demand for our offering and improve the terms we can secure. The company is therefore strongly positioned to deliver attractive returns to shareholders in the medium to long term," Kock said.
Puma VCT 10 PLC said its net asset value share at the end of June was 96.89 pence, comprising income for the period of GBP201,000 and representing a return of 0.73p per ordinary share.
"We are pleased that a significant proportion of the company's available cash is now invested in a diverse portfolio of qualifying and non-qualifying investments, generating an attractive return. The investment manager has a pipeline in legal process and many companies which are suitable for investment. There is therefore a strong flow of further opportunities likely to lead to suitable investments in the second half of the year," Chairman David Vaughan said in a statement.
"The restrictions on availability of bank credit continue to affect the terms on which target companies can raise finance and this should both increase the demand for our offering and improve the terms we can secure. We therefore believe the company is strongly positioned to deliver attractive returns to shareholders in the medium to long term," Vaughan said.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.