Gresham House Strategic, which invests in small UK and European public companies, said it had increased its net asset value per share in the year through March by 10.7%. The company declared a full-year dividend of of 17.25p per share, up 15% on the previous year. Pre-tax profit jumped to £4.7m, up from £2.8m a year earlier, though the company acknowledged that its shares were still trading at a large discount to its net asset value. 'We are now fully invested and, until we can eliminate the discount of our share price to NAV, it will be difficult to raise new funds, although we believe that if the current strong performance continues this possibility will become more realistic,' the company said. At 2:55pm: (LON:GHS) Gresham House Strategic Plc share price was +5p at 960p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.