LONDON (Alliance News) - Ashmore Global Opportunities Ltd Thursday said its net asset value per share fell to USD5.92 and GBP5.88 at the end of June, from USD6.26 and GBP6.19 at the end of 2013.
The dollar and sterling share prices stood at USD4.61 and GBP4.45, respectively, at the end of June, a decrease of 2.3% and an increase of 1.1% from the end of December.
Its net asset value was USD234.80 million on June 30 and its market capitalization was USD178.95 million, reflecting an average discount of 23.78% between the net asset values and the share prices.
"These discounts reduced somewhat over the period," Chairman Richard Hotchkis said in a statement.
Hotchkis said the board continues to receive updates from the investment manager on the progress made towards investment exits, with a number of exit discussions "in advanced stages" and expected to be completed in the next few months.
"The board is confident that the target of 50% of the NAV as at December 21 2012 being available for distribution by December 31 2014, remains achievable. This of course remains subject to market conditions being conducive to the sale of the company's holdings by the investment manager," the chairman said.
Ashmore Global shares were flat at 4.6025 pence Thursday afternoon.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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