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Share Price: 55.50
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Baronsmead Second Venture Trust is an Investment Trust

To achieve long-term investment returns for private investors by investing primarily in a diverse portfolio of UK growth businesses, whether unquoted or traded on AIM.

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EARNINGS UPDATES: BMO Capital & Income underperforms benchmark index

Fri, 27th May 2022 19:44

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Widens pretax loss in the first quarter of 2022 to GBP2.3 million from GBP1.3 million in the same period the previous year. Assets dip to GBP50.3 million from GBP51.3 million. Chief Executive Steven Poulton says: "During the quarter, initial royalty revenue of GBP343,000 was received from two cash-paying royalties that formed part of the first close of the Newcrest transaction. Revenue comprised GBP333,000 from the Ballarat gold mine in Victoria and GBP10,000 from the South Kalgoorlie Operations gold mine in Western Australia relating to production in the final quarter of 2021."

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BMO Capital & Income Investment Trust PLC - investment trust with portfolio consisting mainly of FTSE All-Share companies - Net assets value total return for the six months ended March 31 stands at negative 1.3%. This underperforms the company's benchmark index, the FTSE All-Share Index, which returned 4.7% over the same period. Swings to a loss on investments of GBP10.4 million from a profit of GBP64.7 million the previous year. Chair Jonathan Cartwright says: "Just as the outlook was starting to appear relatively benign, a combination of increasing macro-economic and geopolitical uncertainty was unleashed during the first quarter of calendar 2022. The set-back in our relative performance is clearly unwelcome, but the overall performance of the majority of our investments is encouraging."

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Associated British Engineering PLC - Cambridge-headquartered engineering services firm - Narrows loss in the six months ended March 31 to GBP14,000 from GBP49,000 the previous year. Says it started the process of realising its investments in early 2021. Adds it is now in a position to talk to potential acquisitions. Assets at March 31 fall to GBP645,000 from GBP1.1 million at the same time a year prior.

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Baronsmead Venture Trust PLC - venture capital trust investing in UK businesses - Net asset value per share at March 31 stands at 70.4 pence, down from 78.9p at October 1. Swings to a loss on investment of GBP23.3 million in the six months ended March 31 from a gain on investment of GBP31.2 million the previous year. Portfolio decreases in value by 5% in the six months ended March 31. Chair Fiona Miller Smith says: "Despite the drop in the value of the portfolio over the period, the Manager believes that, in aggregate, the fundamentals of the underlying portfolio companies remain robust and the growth prospects for the majority of investee companies continue to be positive." Company declares an interim dividend of 3.0 pence.

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Baronsmead Second Venture Trust PLC - London-based investment firm - Net asset value per share at March 31 stands at 74.2 pence, down from 84.3p at October 1. NAV per share at April 30 rises to 75.1p, driven by slightly firmer quoted market, company says. Swings to a loss on investments of GBP27.7 million in the six months ended March 31 from a profit of GBP37.1 million. Portfolio value decreases by 5% in the six months to March 31. Declares an interim dividend of 3.0p. Chair Sarah Fromson says: "The macro-economic environment has undoubtedly become more challenging over the past six months. The board and manager are planning for further market volatility, ongoing pressure on companies' operating margins due to rising costs and weaker consumer demand, together with supply chain disruption and shortages of talent within portfolio companies."

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Worldwide Healthcare Trust PLC - London-based investor in the global healthcare sector - Net asset value per share at March 31 stood at 3,465.2 pence, down from 3,703.0p at the same time a year prior. Total NAV per share return for the year ended March 31 was negative 5.8%. The previous year the total return was 30.0%. The company's benchmark index, the MSCI World Health Care Index, produced a total return of 20.4% in the year. Company proposes an increased final dividend of 19.5p per share. The previous year the dividend totalled 15.5p.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Mar 2024 15:49

UK dividends calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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2 Feb 2024 12:54

IN BRIEF: Baronsmead Venture Trust to use fundraise over-allotment

Baronsmead Venture Trust PLC - UK-focused venture capital trust managed by Gresham House PLC - Says that valid applications have been received for nearly GBP12 million under the company's November subscription offer. In November, together with Baronsmead Second Venture Trust PLC, the company published a prospectus for a subscription to raise up to GBP30 million, with the discretion to use over-allotment facilities for further GBP20 million. First allotment of shares took place on January 26, with the next scheduled allotment dates on February 15 and March 28. A fourth allotment will follow if the offer is not fully subscribed by April 3.

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1 Feb 2024 15:52

UK dividends calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Jan 2024 21:19

IN BRIEF: Baronsmead Second VT extends "early bird" subscription date

Baronsmead Second Venture Trust PLC - UK-focused venture capital trust managed by Gresham House PLC - Extends deadline for "early bird" discount on offer costs regarding a subscription, announced in late November, to raise up to GBP30 million plus a further up to GBP20 million as an over-allotment facility. Investment manager Gresham House Asset Management Ltd offered discount of GBP7.5 million per company for investors who subscribe on or before January 23. Baronsmead Second now extends deadline to February 8.

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27 Dec 2023 11:53

EARNINGS: Inspirit Energy pretax loss narrow, while RC365's widens

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24 Nov 2023 14:25

IN BRIEF: Baronsmead trusts publish prospectus for subscription offers

Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC - UK-focused venture capital trusts managed by Gresham House PLC - Publish prospectus for subscription offers to raise GBP30 million, in addition to a discretion to use over-allotment facilities to raise up to a further GBP20 million in aggregate. This comes after the trusts announced last week their plans to raise GBP15 million each in share subscription offer, with an over-allotment facility for up to a further GBP10 million each. The share offers are expected to be launched at the beginning of December.

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14 Nov 2023 12:50

IN BRIEF: Baronsmead venture trusts to raise GBP15 million each

Baronsmead Venture Trust PLC and Baronsmead Second Venture Trust PLC - UK-focused venture capital trusts managed by Gresham House PLC - Plan to raise GBP15 million each in share subscription offer, with an over-allotment facility for a up to a further GBP10 million each. The share offers are expected to be launched at the beginning of December.

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5 Sep 2023 19:41

TRADING UPDATES: Molecular Energy proposes Argentinian disposal

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13 Jun 2023 13:40

Baronsmead venture trusts net asset values down, cites UK turbulence

(Alliance News) - Baronsmead Venture Trust PLC on Tuesday said its net asset value fell from both six months and a year ago, as also reported by Baronsmead Second Venture Trust PLC, with both citing a turbulent macroeconomic environment in the UK as affecting performance of their portfolios.

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27 Mar 2023 21:12

TRADING UPDATES: Star Phoenix legal win; Hamak Gold survey underway

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10 Mar 2023 10:33

Baronsmead Venture closes fully subscribed GBP10 million offer

(Alliance News) - Baronsmead Venture Trust PLC on Friday said it has closed its subscription offer.

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9 Mar 2023 20:44

TRADING UPDATES: Castillo Copper upgrades mineral resource estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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24 Feb 2023 17:53

IN BRIEF: Baronsmead gets applications for shares worth GBP12 million

Baronsmead Second Venture Trust PLC - London-based investment firm - Gets valid applications for new shares worth over GBP12 million in relation to its offer. Decides to change the date for the second allotment of new shares to on or around March 13.

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30 Jan 2023 20:05

TRADING UPDATES: Aterian gains membership; Iconic converts notes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 Jan 2023 15:46

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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