|
Maven Renovar VCT PLC - invests primarily in AIM-traded companies - Net asset value per share at July 31 half-year end declines to 67.24 pence from 76.40p at end of January. However, it notes a 7.2% total return. ‘Despite a difficult market for valuations M&A activity remained at a high level, which benefitted your company directly. Unfortunately, the market continues to favour profitable companies, and it remained a challenging period for the valuations of younger, pre-profitable emerging companies. New IPO activity continues to be heavily depressed, and both share price performance and trading volumes for many AIM companies remains weak,’ Maven Renovar VCT adds. ‘During the period under review there were several significant realisations from the AIM portfolio. The previously announced bids for Learning Technologies, Intelligent Ultrasound and Equals completed generating total cash proceeds of £11.7 million. Furthermore, Kinovo received a bid that resulted in cash proceeds of £1.9 million and the takeover of Science in Sport also completed generating cash proceeds of £1.0 million, with gains of 41% and 31% recorded respectively in the period. These proceeds underpinned the payment of the special dividend at the end of May, and the intention remains to ensure that proceeds from AIM realisations are generally redistributed to Shareholders by way of dividends,’ the firm continues. Maven Renovar announces an interim dividend and a special dividend of 2.50p each, 5.00p in total. Current stock price: 65.49p 12-month change: up 15% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
