Gresham House Strategic profit almost doubles; NAV up 10.7%
Source - SMW
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