![]() This is the highest rate of investment in a six month period that the Company has achieved under the current VCT regulations. Over the last six months, Downing, the Investment Adviser, has been able to strengthen its investment team which has generated a significant number of new investment opportunities.ĭuring the period, the Company made 17 VCT qualifying investments, totalling £12.7 million. The return attributable to equity shareholders for the period was a gain of £1.3 million, comprising a revenue loss of £366,000 and a capital gain of £1.6 million. ![]() The Company has been a very active investor in recent months, completing investments in a number of attractive new prospects within the software and computer technology, education, retail and biotechnology sectors totalling £12.7 million.Īs at 30 September 2020, the Company’s NAV stood at 56.3p, an increase of 0.7p (or 1.2%) compared to the 31 March 2020 year-end position, after adding back the 2.0p dividend paid during the period. ![]() Since then, we have seen the setback of the second wave and a further government-imposed lockdown.Īlthough some investments have been further hindered by the ongoing pandemic, particularly those within the leisure and hospitality sectors, many have now been able to adapt to the conditions and some have been able to benefit from the new environment, for example in the education technology sector. When I last reported to shareholders in July, the UK was just starting to come out of the first lockdown, and it was clear that some of the portfolio companies had been significantly negatively impacted by the coronavirus pandemic. I present the Company’s half-yearly report for the six-month period ended 30 September 2020.
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