ICG Enterprise Trust Share Price (ICGT)

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

The largest holding in ICGT portfolio is PetSmart (Chewy) at 3.6%.

Chewy released upbeat Q1 earning last night and are up 17% pre-market (NYSE) just now.

Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2023 ended April 30, 2023, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Fiscal Q1 2023 Highlights:

Net sales of $2.78 billion improved 14.7 percent year over year

Gross margin of 28.4 percent expanded 90 basis points year over year

Net income of $22.2 million, including share-based compensation expense and related taxes of $53.8 million

Net margin of 0.8 percent remained flat year over year

Basic and diluted earnings per share of $0.05, an increase of $0.01 year over year

Adjusted EBITDA(1) of $110.2 million, an increase of $49.7 million year over year

Adjusted EBITDA margin(1) of 4.0 percent expanded 150 basis points year over year

Adjusted net income(1) of $87.2 million, an increase of $41.6 million year over year

Adjusted basic and diluted earnings per share(1) of $0.20, an increase of $0.09 year over year

Continued increase in NAV and just realised 2.8% of the portfolio on top of that at a "STRONG RETURN" on the original investment.

ICG Enterprise Trust realising Endeavor Schools
ICG Enterprise Trust plc (ICGT) is pleased to announce the realisation of Endeavor Schools (Endeavor). At 31 October 2022, Endeavor was ICGT’s 2nd largest company exposure and accounted for 2.8% of the Portfolio value. The deal represents a strong return on investment for ICG Enterprise Trust,