LONDON (Alliance News) - Unicorn AIM VCT PLC said on Monday its net asset value was broadly unchanged in the final quarter of 2016.
Unicorn AIM said its net asset value per share at 31 December 2016 stood at 160.2 pence per share, having started the quarter at 160.5p. Overall net assets fell by GBP600,000 to GBP147.1 million in the period.
Shares in Unicorn AIM VCT were down 0.8% at 131.00 pence Monday.
Unicorn AIM noted the performance lagged the 3.9% total return of the FTSE AllShare Index over the same period, which it said was due to its "extremely limited" exposure to rallying natural resources sectors.
However, Unicorn AIM also noted share price falls from investee companies Redcentric PLC, due to accounting issues at the IT managed services provider, and cyber security firm NCC Group PLC, which highlighted the deferral of major contracts in a trading update.
Notable positive contributors to portfolio performance were cell engineering firm MaxCyte Inc and B2B platform provider ULS Technology PLC.
During the period, Unicorn AIM made a GBP2.5 million investment in cyber security company ECSC Group PLC.
By Adam Clark; adamclark@alliancenews.com
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