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Pin to quick picksMaven Income 1 Share News (MIG1)

Share Price Information for Maven Income 1 (MIG1)

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Maven Income and Growth VCT is an Investment Trust

To achieve long term capital appreciation and generate maintainable levels of income for shareholders through investing in small and medium sized unlisted and AIM/NEX quoted companies.

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Maven Income & Growth VCT Interim Net Assets Rise On Valuation Boost

Thu, 31st Oct 2019 17:39

(Alliance News) - Venture capital trust Maven Income & Growth VCT PLC declared an interim dividend Thursday after net assets improved on valuation uplifts in its portfolio.

For the six months ended August, net asset value per share rose 4.8% to 48.48 pence from 46.25 pence the year prior.

Maven Income said it "made good progress in the first half of the financial year, reporting a further increase in NAV total return. This was principally driven by valuation uplifts, reflecting the positive performance of a number of portfolio companies, and three significant realisations that completed during and shortly after the period end."

Maven Income proposed a 2.00 pence per share interim dividend.

"It has also been a busy period for new investment activity, with GBP2.7 million invested in nine new private and AIM quoted company holdings," Maven Income added. "This is consistent with the strategic objective of building a large and diversified portfolio of private and AIM quoted companies that offer the prospect of capital gain."

"It is encouraging to report that, despite the ongoing political and economic uncertainty, Maven continues to see both a strong pipeline of new opportunities and no discernible impact on the current portfolio holdings," Maven continued.

Shares in Maven Income were untraded at 44.35 pence in London on Thursday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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18 Oct 2023 16:43

IN BRIEF: Maven Income & Growth swings to loss on investments

Maven Income & Growth VCT PLC - venture capital trust aiming to achieve long-term capital appreciation and generate income for shareholders by investing in UK smaller companies - Reports a net asset value of 40.87 pence as at August 31, down 4.4% from 42.74p at the same time a year prior. Net loss before tax widens to GBP1.6 million in the six months ended August 31, from GBP436,000 the year prior. Records a loss on investments of GBP1.2 million in the half, compared to a gain of GBP60,000 the previous year.

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2 Jun 2023 11:09

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4 Apr 2023 21:12

IN BRIEF: Maven Income & Growth VCT reports negative NAV total return

Maven Income & Growth VCT PLC - London-based venture capital trust - Reports a net asset value per share total return in 2022 of negative 15.8%, compared to a positive return of 42.2% in 2021. Says the negative return for the year was principally comprised of unrealised falls in the value of investments still held of GBP19.5 million. These relate primarily Virgin Wines, MyTutor and Buster & Punch, it adds.

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4 Nov 2022 14:04

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8 Jun 2022 15:06

IN BRIEF: Maven Income & Growth VCT annual gains on investments surge

Maven Income & Growth VCT PLC - venture capital trust - Net asset value per share at February 28 stands at 44.34 pence, down from 44.41p at the same time the previous year. Total NAV return for the year ended February 28 is 146.25p per share, up from 144.32p a year prior. Net return on ordinary activities before tax was GBP3.0 million, up sharply from GBP898,000 the previous year. Gains on investments totalled GBP3.8 million, surging from GBP1.2 million a year prior. Proposes a final dividend of 1.25p per share.

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