Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPersonal Assets Trust Share News (PNL)

Share Price Information for Personal Assets Trust (PNL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 488.50
Bid: 487.50
Ask: 488.50
Change: 1.00 (0.21%)
Spread: 1.00 (0.205%)
Open: 485.00
High: 488.50
Low: 485.00
Prev. Close: 487.50
PNL Live PriceLast checked at -
Personal Assets is an Investment Trust

To protect and increase shareholders' funds over the long-term by investing in equities, fixed income securities, cash and cash equivalents (which may include gold).

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Personal Assets underperforms benchmark annually; raises payout

Mon, 12th Jun 2023 11:35

(Alliance News) - Personal Assets PLC said on Monday that its net asset value performance had fallen beneath that of its benchmark, blaming the huge economic uncertainty and volatility.

In its financial year that ended April 30, the Edinburgh-based investment trust said its net asset value per share fell by 2.2% compared to its benchmark, the FTSE All-Share Index, which rose by 2.4%.

NAV per share total return swung to a loss to negative 0.9% from 7.1% the prior year.

Total income for the year dropped to GBP3.8 million from GBP119.9 million the prior year. This was due to investments held at fair value swinging to a loss of GBP55.0 million from a gain the last year of

GBP130.0 million.

"This was a dull year for returns for your company; while we would always prefer to make healthy positive real returns, occasionally we must accept they are not always readily available," said Investment Manager Sebastian Lyon.

"Over the past eighteen months the nature of the challenge has intensified, and we expect that inflation will remain higher and more volatile than it has been in the recent past."

Personal Assets declared a special dividend of 2.10 pence per share for the financial year, up 50% from 1.40p a year ago. This dividend will be paid alongside the first dividend of 1.40p financial year 2024, unchanged from a year prior.

The company said that despite the prolonged period of uncertainty, it was optimistic about the years ahead.

"After a disappointing year in 2022, we believe that the index-linked bonds are now poised for better returns," said Investment Manager Sebastian Lyon.

Shares in Personal Assets Trust were up 0.3% at 471.20 pence in London on Monday.

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Sep 2013 11:49

DIRECTOR DEALINGS - Personal Assets Trust Directors Receive Shares

Read more
3 Apr 2013 16:05

Prudential Chairman keeps the faith

Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year

Read more
6 Dec 2012 16:23

Departing Xstrata CFO sells hefty chunk of shares post-exercise

Trevor Reid, the soon-to-depart Chief Financial Officer of mining group Xstrata, has traded in 1.44m shares after deciding not to take up the equivalent of his current position at the enlarged company following the merger with Glencore International. Reid, who sold the shares post-exercise, dispos

Read more
18 Nov 2011 16:02

Premier Foods director bites again

Ian Deste, group sales director at struggling firm Premier Foods, has served himself up a helping of shares. The director purchased 186,746 shares 5.20p just a few weeks after the firm's bankers agreed to defer the company's end-of-year loan covenant tests by three months, in a move which forms pa

Read more
4 Nov 2011 17:31

Bramson tightens hold on FCAM

Activist investor Edward Bramson effectively staged a board room coup earlier this year at F&C Asset Management, but having installed himself as chairman, he has continued to build up his interest in the company. On Friday, he acquired a beneficial interest of 200,000 shares in the asset management

Read more
11 Feb 2011 16:35

Burberry non-exec invests £60,000

Burberry non-executive Stephanie George has bought £59,500 worth of shares in the luxury clothing company. George bought 5,000 shares at 1189.99p each. That price is just short of the 12 month high. This purchase follows the acquisition of 6,300 shares at 798.773p a share last July. That cost £1

Read more
28 Jan 2011 17:01

Gooch & Housego finance boss sells stake

Gooch & Housego's finance director Andrew Boteler has sold nearly half of his holding in the optical components and systems supplier. Boteler sold 13,000 shares and his wife another 2,000 shares. They were all sold at 515p each, raising a total of £77,250. Boteler still owns 16,065 shares. Botel

Read more
22 Dec 2010 16:55

Cluff finance boss invests £10,000

Cluff Gold's finance director has bought shares. Pete Gardner took up the post in October 2009 but this is the first time he has bought shares. He acquired 10,000 shares at 104.65p each, for a total outlay just short of £10,500. Gardner used to work in corporate finance for accountants PKF.

Read more
27 Oct 2010 17:07

Crozier sells free ITV shares to pay the taxman

Adam Crozier, the former chief executive officer of the Football Association and Royal Mail, and now occupying the same position at terrestrial broadcaster ITV, has sold off about half his shareholding in ITV. Crozier, who joined ITV on 26 April on a base salary of £775,000 per annum plus a pension

Read more
25 Jan 2010 16:05

Euromoney publisher sells

Neil Osborn, the publisher of Euromoney magazine, has sold nearly half of his stake in financial publisher and events organiser Euromoney Institutional Investor. Osborn sold 25,000 shares at 460p a share, which raised £115,000. Osborn is left with 27,675 shares. Last February, Osborn exercised o

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.