The Company has announced Final Results for the year ended 31 December 2020.
- The net asset value (“NAV”) of the Company increased by +24.8% for the year ended 31 December 2020, significantly outperforming the Reference Index, which returned +9.5%.
- The discount held steady over the year, closing at 6.8%. As a result, share price total return was +24.6%. Coconala, an online consumer to consumer platform and unlisted holding in the portfolio, listed on the Tokyo Stock Exchange on 19 March 2021. As a result, the valuation increased by 351% from £3,164,000 as at 31 December 2020 to £14,269,000.
- If the increase in value had been applied at 31 December 2020, the net assets of the Company would have increased by 3.6%. Over the Chairman’s tenure on the Board, Shareholders’ Funds have increased from £65m to £309m. Over the same period, the NAV has increased by 247.8% and the share price by 283.5%. This compares with a rise of 125.6% by the Reference Index.
Please access the full results here
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