ICG Enterprise Trust Share Price (ICGT)

30/4/25 NAV per Share of 2,011p

Small upwards change in the last 12 months.

Q3 update for the three months ended 31 Oct 2024

Highlights NAV per Share of 1,997p (31 July 2024: 1,946p) NAV per Share Total Return of 3.0% in Q3; long-term compounding returns of 13.8% annualised over last 5 years.

Continuing to invest through cycle: one new fund Commitment (£7.5m), Total New Investment of £35.2m and Total Proceeds of £34.4m (including 12 Full Exits at weighted average Uplift to Carrying Value of 18%).

Evolving our medium-term target portfolio composition towards more secondary and direct investments.

To date our shareholder-focused approach to capital allocation has delivered dividend per share increases at an annualised rate of 9% over last 5 years.

£50m of buybacks since October 20222 (£32m long-term, £18m opportunistic), adding 2.3% (47p) to NAV per Share and reducing share count by a market-leading 6%.

Q3 dividend per share of 8.5p (Q3 FY24: 8.0p), Board intends to pay total dividends of at least 35p per share for FY25 (FY24: 33p).

Opportunistic share buyback renewed for FY26 of up to £25m to run alongside long-term buyback.

Balance sheet flexibility strengthened post period-end through an increase in credit facility size from €240m to €300m

Alliance News - ICG Enterprise Trust PLC - London-based investor in "profitable, cash-generative" private companies, primarily in Europe and the US - Net asset value at October 31 is up 2.9% to 1,959 pence from 1,904p at July 31. NAV total return for the third quarter is 3.3%, outperforming the FTSE all-share index total return of negative 4.8% the previous year. Lifts interim dividend by 14% to 8p from 7p a year before. Aims for a minimum total dividend of 32p for the financial year ending January 31, up 6.7% from 30p in financial 2023.

Current stock price: 1,215.00 pence, up 1.8%

Chewy now half the price it was in June at ~$18, hope ICGT lightened up holdings!

CHWY at $36 today up 23% market cap $15.5B