Rockwood Strategic PLC - London-based investor in smaller UK public companies formerly known as Rockwood Realisation PLC - Expects net asset value total return for the year ended on March 31 of 21%, comparing to the FTSE Small Cap index of negative 15.7% and FTSE AIM All Share index of negative 22.4%. NAV per share stands at 1959.56 pence per share at March 31, up from 1613.8p on the same date a year earlier. For financial 2022, NAV return was 27.5%. Net cash amounts to £10.5 million at period end.
Fund Manager Richard Staveley says: ‘We are clearly delighted with this year’s best in sector results. Rockwood’s strategy is differentiated, effective and being executed in favourable conditions for our value and recovery style of investing. We are excited about the current, concentrated portfolio’s prospects for further material NAV growth and have a full pipeline of potential money-makers competing for our capital, which we are carefully deploying.’
Current stock price: 1,804.50 pence each
12-month change: up 28%
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