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Pin to quick picksMaven I&g Vct5 Share News (MIG5)

Share Price Information for Maven I&g Vct5 (MIG5)

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Maven Income and Growth VCT 5 is an Investment Trust

To invest in a diversified portfolio of later-stage UK private companies to provide long-term capital appreciation and generate maintainable levels of income for shareholders.

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UK COMPANY RESULTS SUMMARY: Amedeo Air Four Plus Swings To Annual Loss

Thu, 16th Jul 2020 16:25

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

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Amedeo Air Four Plus Ltd - the investment company - Reports pretax loss of GBP33.4 million for the year to the end of March compared to USD8.4 million profit a year ago, as expenses increase to USD209.3 million from GBP163.4 million. Income, meanwhile, increases to GBP257.1 million versus GBP254.7 million a year prior. Net asset value slips to 98.43 pence from 109.70p a year before. The company declared four dividends of 2.0625 pence per share during the year.

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Gore Street Energy Storage Fund PLC - the investment company - Reports NAV per share as at March 31 of 94.6p compared to 91.9p a year earlier. Aggregate declared dividend of 7.0p per share for the period, in-line with the fund's stated dividend target. Gore Street's portfolio increased to 189 megawatts over the year, with an additional 50 megawatts increase following the period end. During Covid-19 period, the company said all of its assets performed within expectations, delivering a steady source of defensive revenue for the company. "We continue to acquire new assets, both operational and construction ready, and are progressing our significant portfolio of projects on the island of Ireland," said Chief Executive Alex O'Cinneide.

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Augmentum Fintech PLC - the fintech-focused investment company - Reports an increase in NAV per share by 5.9% to 116.1p as at March 31 form 109.6p a year ago. During the year, the company said it invested GBP17.8 million in three new companies Habito, Grover and Receipt Bank. In addition, Augmentum Fintech invested GBP15.0 million in seven existing portfolio companies. Going forward, the company said it focuses on scaling investment capabilities to take advantage of existing and future investment opportunities. No dividend is declared for the year.

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Jarvis Securities PLC - the investment management company - Reports revenue for the six months to the end of June of GBP1.6 million, a 31% increase versus prior year. Pretax profit, meanwhile, rises by 50% to GBP1.2 million year-on-year. Jarvis said it was able to cope operationally with the challenges Covid-19 presented. Going forward, the company said it anticipates to take advantage of further opportunities to grow the business and utilise working practices that had not previously been considered.

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Octopus AIM VCT 2 PLC - the investment company - Reports NAV per share as at May 31 of 68.7p compared to 78.6p a year prior. This compares with a 4.7% fall in the AIM Index, an 18.3% fall in the Smaller Cos Index ex Investment Trusts and a 16% fall in the FTSE All Share Index, all on a total return basis. The company maintained its interim payout unchanged year-on-year at 2.1p a share. In the half-year, the company said it made eleven qualifying investments totalling GBP3.9 million, well ahead the GBP969,000 it had invested in the corresponding period last year. A number of disposals and provisions were made in the half year, the company noted. The result has been a net loss of GBP80,000.

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Trinity Exploration & Production PLC - the Trinidad-focused exploration & production company - Says production levels were maintained during the second quarter of 2020 with production volumes averaging 3,272 barrels of oil equivalent per day, yielding a first-half average of 3,282 barrels of oil equivalent per day. Trinity reported average realisation of USD26.4 per barrel for the second quarter, down from USD46.3 per barrel in the first quarter, yielding a first-half average of USD36.3 per barrel, down from USD59.1 per barrel a year earlier. The company said its cash balances increased to USD19.7 million as at the end of June from USD13.8 million as at the end of 2019. Going forward, Trinity said production volumes for the remainder of 2020 will depend on oil price and general market conditions supporting the economic case for the resumption of drilling activity.

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Maven Income & Growth VCT 5 PLC - the investment company - Reprots NAV per share of 34.84p as at the end of May compared to a 33.99p per share on March 20. This was after paying a dividend of 1.10p for the year to the end of November 2019. For its financial 2020, the company declared a 0.50p per share payout.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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