Aberforth Smaller Companies Trust Plc - Net Asset Value(s)
PR Newswire
Aberforth Smaller Companies Trust plc ( ASCOT )
The Net Asset Values ( NAVs ) per Ordinary Share for the above company as at the close of business on 20 May 2021 were:-
Excluding current year Revenue = 1,650.65p
Including ALL Revenue = 1,661.49p
ASCOT has bank debt facilities available to allow gearing of up to 9.8% of Shareholders Funds. Current gearing is 4.8%. There are currently 88,723,066 Ordinary Shares of 1p in issue.
Contact:
Telephone: 0131 220 0733
© 2021 PR Newswire
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Aberforth Smaller Companies Trust Plc - Net Asset Value(s)
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Aberforth Smaller Companies Trust Plc - Net Asset Value(s)
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CHAIRMAN S STATEMENT Markets have been dominated by the response to the pandemic through both fiscal stimulus and very loose monetary conditions. In general, these policies have been very positive for risk assets like equities. More recently, as the end of the crisis has become more visible, the expectation of a surge in economic activity has unsettled bond markets and been to the benefit of more cyclical markets and sectors, where earnings momentum is likely to be strong. The portfolio positioning reflects these shifting sands, while recognising that government policies still provide a tailwind. Managed Growth The objective of the Managed Growth share class is long term capital growth. In the six month period, the portfolio outperformed its benchmark and delivered a total return on net assets of 15.5%, compared with the portfolio s benchmark which returned 9.9%. The share price total return was 20.4%. The long-term performance of the Managed Gro