(Alliance News) - The four Oxford Technology venture capital trusts on Thursday reported mixed performances in the third quarter of the current financial year.
Oxford Technology VCT PLC said its net asset value per share as at the end of November stood at 43.9 pence, down from 49.5p as at August 31. This decrease is attributable to the drop in the share price of Scancell Holdings PLC and a fall in the valuation of Getmapping and Select, the company explained.
Oxford Technology VCT shares were untraded in London on Thursday, last closing at 28.50p each.
Oxford Technology 2 VCT PLC also said its NAV performance deteriorated over the third quarter, with NAV per share at November 30 of 30.7p compared to 32.8p as at the end of August. This decrease is attributable to a decline in the valuation of Orthogem and, as for its stable-mate, the drop in the share price of Scancell.
The stock was trading 12% higher at 28.00p a share.
Oxford Technology 4 VCT PLC reported NAV per share as at the end of November of 41.9p, down from 40.4p as at the end of August. This decrease is as a result of a fall in the share price of Castleton Technology PLC, as well as decreases in the valuations of Orthogem and Select.
Oxford Technology 4 VCT shares were untraded at 26.50p each.
By contrast, Oxford Technology 3 VCT PLC said its NAV per share grew to 106.9p at the end of November from 97.8p as of August 31. This increase is due to continuing positive news from Ixaris
and good overall progress by Arecor, the company explained.
The stock was untraded at 48.50p a share.
Scancell shares are down 45% so far in 2019, while Castleton shares are down 22%.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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