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Mobeus reports solid first quarter net asset value performance

Fri, 07th May 2021 13:40

(Sharecast News) - Mobeus Income & Growth reported on Friday that its net asset value per share increased by 13.23p in the quarter ended 31 March, making for an increase of 19.7% on the opening net asset value per share.
The London-listed firm said the "strong" performance was primarily due to a further rise in unrealised portfolio valuations, as well as gains on realisations.

It said the admission to AIM of two of its portfolio companies, Virgin Wines and Parsley Box, made a "significant" contribution.

Since 31 March 2020, the first quarter to reflect the initial outbreak of Covid-19, net asset value return per share had increased by 55.3%.

"[This is] a very pleasing performance, reflecting a series of profitable realisations and strong, resilient performance by the majority of portfolio companies in response to the pandemic, particularly by those with direct-to-consumer models," the board said in its statement.