Maven Income & Growth VCT PLC - venture capital trust aiming to achieve long-term capital appreciation and generate income for shareholders by investing in UK smaller companies - Reports a net asset value of 40.87 pence as at August 31, down 4.4% from 42.74p at the same time a year prior. Net loss before tax widens to GBP1.6 million in the six months ended August 31, from GBP436,000 the year prior. Records a loss on investments of GBP1.2 million in the half, compared to a gain of GBP60,000 the previous year.
Says the first half of its financial year was "challenging" but says it nonetheless delivered a "robust" performance, noting that its performance across its early stage portfolio has been "resilient".
Current stock price: 38.00 pence, down 2.6% on Wednesday afternoon in London
12-month change: down 7.8%
By Heather Rydings, Alliance News senior economics reporter
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Maven Income 1 (MIG1)