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Hargreave Hale AIM VCT PLC - venture capital trust investing in AIM-listed stocks in London - Net asset value per share is 40.55 pence on September 30, down from 44.76p cum-dividend, for a negative 3.8% total return in the VCT’s financial fourth quarter. Says fund outflows from UK equities continued during the final quarter of financial 2024. AIM, which had been on an improving trend early in 2024, fell after the UK general election was called, amid concerns about tax changes by a Labour government. These concerns grew ahead of the UK budget at the end of October. ‘Much has been said about the decline of AIM,’ the company says. ‘We had hoped that a pro-growth government might allow a recovery in the primary markets. Unfortunately, the combination of unhelpfully stark messaging, policy risk and timing of the budget undermined the market for initial public offerings in 2024. With very little time left until Christmas, we do not expect this to materially change until the new year.’ Current stock price: 37.80p 12-month change: down 10% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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