Northern Venture In Lower Net Asset Value But Northern 2 And 3 Rise

(Alliance News) - Northern Venture Trust PLC on Monday reported a first quarter fall in net asset ...

Alliance News 17 February, 2020 | 4:52PM
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(Alliance News) - Northern Venture Trust PLC on Monday reported a first quarter fall in net asset value, though Northern 2 VCT PLC and Northern 3 VCT PLC both reported growth.

Northern Venture's net asset value per share slipped 1.5% to 68.9 pence in December, from 67.9p at the end of September. This was after the firm paid a 2.0p dividend in December.

Northern 2's NAV per share climbed 1.3% to 63.8p at the end of December from 63.0p in September, and Northern 3's NAV per share was 2.4% higher at 94.3p from 92.1p.

Northern Venture shares closed 0.8% higher at 64.00 pence each in London on Monday afternoon. Northern 2 was untraded, last quoted at 57.00p, with Northern 3 also untraded at 85.00p.

Northern Venture reported three realisations during the period, including its entire holding in Brady PLC, an AIM-listed software company which is the object of an agreed takeover by Hanover Active Equity Fund II Sca SICAV-RAIF, a private equity firm.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Northern 2 VCT Ord 48.50 GBX 0.00 -
Northern Venture Trust Ord 53.00 GBX 0.00 -
Northern 3 VCT Ord 70.00 GBX 0.00 -

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