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Pin to quick picksApax Glb Share News (APAX)

Share Price Information for Apax Glb (APAX)

London Stock Exchange
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Share Price: 206.50
Bid: 205.50
Ask: 206.50
Change: 3.50 (1.72%)
Spread: 1.00 (0.49%)
Open: 203.50
High: 207.00
Low: 203.50
Yest. Close: 203.00
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Apax Global Alpha Recovers In 2nd Quarter After Virus-Hit 1st Quarter

Tue, 25th Aug 2020 08:26

(Alliance News) - Apax Global Alpha Ltd said its net asset value per share fell in the first half of the year as a result of Covid-19 disruption in the first quarter.

Shares in Apax were up 4.7% at 168.00 pence in London on Tuesday morning.

The closed-ended investment company reported a decline in NAV per share to EUR2.16 as at June 30 from EUR2.24 at the end of 2019. The NAV total return for half year was negative 0.5%, recovering from a first quarter negative return of 12% on market weakness.

Chair Tim Breedon said: "Following negative returns during Q1 2020 due to the immediate Covid-19 related disruptions, the investment portfolio recovered well during the second half of the reporting period."

The company declared an interim dividend of 4.87p per share, up 3.8% from 4.69p per share the year before.

Breedon said: "As we look into an uncertain economic future, we draw confidence from the robustness our portfolio has so far shown during the crisis and believe that the sector-focused approach provides long-term value generation opportunities and an attractive yield to our shareholders."

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Apax Global Alpha to invest EUR21 million in lenses maker Rodenstock

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LONDON MARKET MIDDAY: Stocks fall as Covid-19 cases in Europe spike

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Australian sovereign wealth fund sells Apax Global Alpha stake

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17 Mar 21 10:07

CORRECT (March 8): Apax Global notes senior care provider InnovAge IPO

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UK dividends calendar - next 7 days

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IN BRIEF: Apax Global Alpha reports 15% total return for 2020

IN BRIEF: Apax Global Alpha reports 15% total return for 2020

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