IN BRIEF: Sure Ventures Net Asset Value Up; Portfolio Firms Eye Raises

Sure Ventures PLC - venture capital fund - Net asset value per share rose 12% to 92.61 pence on ...

Alliance News 31 July, 2020 | 3:34PM
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Sure Ventures PLC - venture capital fund - Net asset value per share rose 12% to 92.61 pence on March 31 from 83.03p a year prior. NAV total return of 11.54% in the financial year to March 31 was the company's "best return since launch" and compares with a negative 9.87% in financial 2019. Also swung to pretax profit of GBP445,481 from a GBP473,931 loss. Sure Ventures declared no dividend either year as it receives little in the way of dividends from its investments and aims to achieve shareholder returns through capital growth rather than income.

Going forward Sure Ventures said several of its portfolio companies are at different stages of Series A fundraising, and it expects to make positive announcements about these in the next couple of quarters.

Current stock price: 93.00

Year-to-date change: down 13%

By Neetika Kurup; neetikakurup@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Sure Ventures Ord 92.50 GBX 1.65 -

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