Albion Venture Capital Trust's Financial Health Update
Albion Venture Capital Trust PLC Financial Performance Overview
Albion Venture Capital Trust PLC
LEI Number: 213800JKELS32V2OK421
Albion Venture Capital Trust PLC, known for its commitment to growth and investor value, has recently shared its financial results for the six months ending on the last day of September 2024. This report gives a clear picture of the company's performance and highlights crucial metrics relevant to current and potential shareholders.
Key Financial Outcomes
The company's directors expressed their satisfaction in releasing the Half-yearly Financial Report, demonstrating resilience despite challenges in the financial landscape. Below are some pivotal findings from the report:
- The company recorded a loss of 1.80 pence per share, translating to a decline of 3.9% in the overall net asset value. For context, the previous year's loss stood at 2.15 pence per share.
- As of 30 September 2024, the net asset value per share was reported at 42.04 pence, a decrease from 44.93 pence recorded on 31 March 2024.
- The total fund size is now valued at £56.9 million, down from £62.0 million at the end of the previous financial year.
- In terms of dividends, the company paid out 1.12 pence per share over the last year, slightly less than the 1.27 pence per share paid out by the same time in the last financial period.
Availability of the Financial Report
The complete Half-yearly Financial Report is made available with the announcement. Shareholders and interested parties can access detailed insights and additional commentary directly on the company's webpages. This dedication to transparency ensures investors are well-informed about their investments.
The report is also set to be submitted to regulatory bodies for further inspection and compliance. Investors can stay updated with the latest developments by frequently checking the company’s official communication platforms.
Contacting Albion Venture Capital
For those seeking more detailed information about the company's performance or looking to engage with the stock, Albion Venture Capital encourages communication. Investors can reach out to:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Looking Forward
As Albion Venture Capital Trust PLC continues to navigate the complexities of the market, they are focused on strategies that will enhance value for shareholders. The management team remains committed to identifying potential growth opportunities and optimizing asset performance.
In a competitive financial landscape, the ability to adapt and respond effectively to market changes will be crucial in driving future success. Investors are encouraged to keep an eye out for new initiatives and strategic shifts that could positively impact the company’s trajectory.
Frequently Asked Questions
What is the net asset value of Albion Venture Capital Trust PLC?
As of 30 September 2024, the net asset value per share is 42.04 pence.
How much loss did the company report this period?
The company reported a loss of 1.80 pence per share, which constitutes a 3.9% decline in the net asset value.
What was the total fund size reported?
The total fund size stands at £56.9 million as of the reporting date.
What dividend was paid out to shareholders?
A dividend of 1.12 pence per share was distributed, slightly lower compared to the previous period.
Who can I contact for more information regarding the company?
For inquiries, you can reach Vikash Hansrani at Albion Capital Group LLP at the telephone number 020 7601 1850.
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