Artemis VCT Cautiously Optimistic About Future As Reports NAV Growth

LONDON (Alliance News) - Artemis VCT PLC said Wednesday that its half year total return on the ...

Alliance News 16 May, 2018 | 6:24PM
Email Form

LONDON (Alliance News) - Artemis VCT PLC said Wednesday that its half year total return on the year outperformed its benchmark at 14% as it remained "cautiously optimistic" for the future.

For the six months ended March 31, Artemis VCT reported a net asset value per share of 75.27p up from 74.62p year-on-year.

The company's net asset value total return was 14% compared to a FTSE AIM All-Share Index of 1.6% over the same period.

The venture capital trust declared a 2.0p interim dividend per share to be paid on June 29.

Andy Gray fund manager of the company said: "We would currently describe ourselves as cautiously optimistic. Our optimism is reinforced by our regular contact with company management teams. We feel we have a portfolio of well-managed, entrepreneurial companies with attractive growth prospects across a range of end-markets."

Artemis VCT shares closed at 75.00p up 2.7% on Wednesday.

By Elena Cherubini; elenacherubini@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

Email Form
Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Artemis VCT PLC O Inc 68.00 GBX 3.03 -
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.