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(Alliance News) -Â Chelverton Growth Trust PLC on Tuesday reported a good performance over its half-year, though said its net asset value has been hit post-period end due to Covid-19.
At February 29, the firm's net asset value per share stood at 46.43 pence, up 3.7% from 44.79p at August 31. A year ago, the figure stood at 49.59p.
Over the same period, the AIM All-share index fell by 1.7% while the company's comparative index, the MSCI Small Cap UK index, rose by 0.6%, the firm said.
Since the period end, however, Chelverton Growth Trust's net asset value per share has declined to 42.72p as at April 30, reflecting "market turmoil" amid the introduction of the UK's Covid-19 lockdown.
CEPS PLC - the largest investment in the portfolio - decided to place one of its subsidiaries into administration in the period, Chelverton Growth Trust noted.
"The remaining companies all made progress and it was expected that 2020 was going to be a year in which their underlying positive trading results would become evident. However, it now looks like this will be delayed until 2021," the firm said.
Shares in Chelverton Growth Trust were untraded at 30.00p in London on Tuesday.
By Lucy Heming;Â lucyheming@alliancenews.com
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