18th Feb 2016 09:39
LONDON (Alliance News) - Strategic Equity Capital PLC on Thursday said its net asset value had a "relatively disappointing" first half, with its total return decline of 2.0% contrasting with a 1.0% increase in the FTSE Small Cap Index.
The company said it net asset value total return exceeded the comparable FTSE Smaller Companies (excluding investment companies index) by 34% over the three years including 2015.
According to Chairman Richard Hills, the investment manager, GVQ Investment Management Ltd, "believes the company's portfolio offers an attractive blend of reasonably priced growth as well as companies which can generate improved returns through operational improvements".
Shares in Strategic Equity Capital were up 0.9% at 195 pence on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
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