Edinburgh Worldwide posts solid NAV, share price gains

(Sharecast News) - Edinburgh Worldwide Investment Trust said on Thursday that its net asset value rose 8.4% in the six months to 30 April, while its share price total return was 14.6%, compared with a 9.4% return from the S&P Global Small Cap Index in sterling terms.

Net assets increased to £828.7m from £769.0m at the end of October, while NAV per share rose to 239.58p from 220.97p.

The share price ended the period at 235.00p, narrowing the discount to NAV to 1.9% from 7.2%.

No dividend was paid or proposed.

New chair Gabi Gliksberg said the board was focused on delivering "an appropriate liquidity opportunity for shareholders" following the orderly realisation of the trust's SpaceX holding, which was the largest contributor to performance during the period.

"We believe there is a real opportunity to deliver meaningful value for shareholders, and we are determined to realise it," she said.

At 0911 BST, shares in Edinburgh Worldwide Investment Trust were up 1.08% at 280.5p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate

Edinburgh Worldwide Investment Trust